DLF Pramerica Family First Plan

Invest In Tax Saving Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

 

DLF Pramerica Family First

 

	Objective		This is a pure term plan that pays a lump sum as well as a regular monthly amount to the nominees, in the event of death of the insured.
What does it do?		The death benefit will be paid in two parts- a lump sum which is 20 times the monthly benefit will be paid on death, and a regular monthly payout as selected by the policyholder. The monthly payout is guaranteed for a minimum of 48 months, even if the policyholder dies in last four years of the policy. The policyholder can decide the monthly benefit that he expects his family would need in his absence.
Pros		This policy allows to reinstate a lapsed policy within three years from the date of lapse. The lump sum benefit on death is helpful in managing immediate cash needs. The choice of accident and critical illness rider expand the scope of coverage. Premiums paid towards this policy qualify for tax deduction under Section 80C of IT Act.
Suited for		This policy is suitable for those who think that the dependants will not be able to deftly manage a lump sum amount and require a regular cash flow for sustenance.
Our View		A pure risk term plan is a definite buy for everyone

 

	Eligibility
Entry Age (years)
Minimum		18
Maximum		50
Maximum Maturity Age (years)		65
Policy Term (years)
Minimum		10
Maximum		30
Sum Assured (Rs)
Minimum		Monthly income benefit of Rs 4000
Maximum		No Limit
Minimum Premium (Rs)
Yearly		2000
Quarterly		500
Monthly		200
Premium Payment Frequency		Yearly, Half Yearly, Quarterly and Monthly
Premium Payment Term		Regular, equal to policy tenure
Policy Cover		Cover remains fixed for the tenure of the policy
Other Features
Free Look Cancellation		In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered
Grace Period		You are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated
Lapsed Policy Reinstatement		You can reinstate your lapsed policy any time (within 3 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any
Tax Benefits		Section 80C and Section 10 (10D) of the Income Tax Act, 1961 would apply. . Premiums paid for Critical Illness Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961
Exclusions		In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable
Surrender Value		There is no surrender benefit in this plan
Customer Service
Address		DLF Pramerica Life Insurance Company Limited, 4th Floor, Building 9B, Cyber City, DLF City Phase-III, Gurgaon - 122002
Mail To		contactus@dlfpramericalife.com
Call On		1800-102-7070
SMS		5607070
Additions to the Plan
Available Rider(s)		DLF Pramerica Traditional Accidental Death Benefit Rider: covers death due to an accident DLF Pramerica Traditional Critical illness Rider: The 10 critical illnesses are Aorta Surgery, Blindness, Cancer, Coronary Artery Bypass Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Organ Transplant, Paralysis And Stroke. There is a survival period of 30 years to claim the benefit.
Rider Conditions
Entry Age (years)
Minimum		18
Maximum		55
Maximum Maturity Age (years)		65
Rider Term (years)
Minimum		5
Maximum		30
Sum Assured (Rs)
Minimum		50000
Maximum		50 lakh for ADDB Rider ; 25 lakh for Critical Illness rider
Rider Premium (Rs)		Rider premiums vary for each policyholder. For instance, if a 30-year old male opts for the ADB rider for Rs 5 lakh sum assured over a 10 year tenure; the annual ADB rider premium works to Rs 425

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund