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Insurance Company
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DLF Pramerica Life Insurance Company Ltd
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Plan Name
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DLF Pramerica FeeProtect Plus
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Plan Nature
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TRADITIONAL
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Plan Category
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Child Plan
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UIN No.
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140N012V01
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About Plan
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The Plan is open to all earning parents aged 18 to 55 years, and will be in respect of a designated child. Before becoming a policyholder the parent will have to decide the amount of fee protection needed, You can choose a sum that not only covers the monthly amount of school fees, but also factors in cost of other recurring costs such as school bus ,books & stationary , uniform etc.
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Minimum Entry Age
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18Years.
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Maximum Entry Age
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55 years
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Minimum Policy Term
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5years.
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Maximum Policy Term
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15 years
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Minimum Premium
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Rs.2500
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Benefits
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| Particulars | Description |
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Maturity Benefits
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on outliving the policy tenure, the policy holder will get 80% of total premiums paid without interest.
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Death Benefits
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The benefit itself will increase at a compounded annual rate of 5% at the end of each year starting from the second policy year.
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Surrender Benefit
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Surrender value will be payable after 3 policy years if the policy holder chooses to surrender the policy provided 3 years premium has been paid.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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DLF Premericw FeeProtect plus will protect fees and costs. If the policyholder's demise the child's guardian will be paid the choose monthly payout every month till the expiry of the policy.
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The monthly payout selected will rise by 5% every year from the second policy year with out any increase in premium.this will help take care of the normal rise in school fees over the years.
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80% of the premium paid through the term of the plan will be returned to the policy holder when the term is over.you also get the tax benefits on premiums paid and benefits received under this policy.
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06-Aug-09
12:00
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DLF is looking to exit its life insurance JV
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10-Jul-09
10:21
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DLF Pramerica has launched child ULIP plan DLF Pramerica Future Idol
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19-Mar-09
11:25
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DLF Pramerica Life Insurance opened Branch in Amritsar
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23-Feb-09
10:53
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DLF Pramerica Life launches 'Golden Age' a ULIP pension plan
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29-Jan-09
16:51
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Insurers to inform consumer on bouncing of cheque
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29-Oct-08
12:05
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IRDA asks ULIP performance report
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