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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
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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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140N011V01
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About Plan
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The plan is open to all earning parent aged 18 to 55 years, and will be in respect of a designated child. The parent can choose a sum that not only covers the monthly amount of school fees but also factors in the cost of other recurring costs such as school bus, books & statinory, school uniforms, schoollunch and so on
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Minimum Entry Age
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18 years.
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Maximum Entry Age
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55 years.
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Minimum Policy Term
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5 years.
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Maximum Policy Term
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15 years.
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Maximum Maturity Age
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Not to exceeding 65 years.
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Minimum Premium
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Rs.1000
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Benefits
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| Particulars | Description |
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Death Benefits
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Incase of the unfortunate event of the death of the insured, a chosed level of monthly payout will become payable from the month of death for the balance policy term.The benefit itself will increase at a compounded annual rate 5% at the end of each year starting from the second policy year.
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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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The DLF Pramerica FeeProtect Plan is that school fees and costs will be protected.If the policyholder's demise, the child's guardian will be paid the chosen monthly payout every month till the expiry of the policy term.
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The monthly payout selected will rise by 5% at the end of each year standing from the second policy year,with out any increase in premium.
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The policy holder to get cover for his/her child even beyond the premium paying term , for example if the policyholder has taken 15 years term he/she needs to pay premium only for the first 10years.
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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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