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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 Income Rakshak
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Plan Nature
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TRADITIONAL
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Plan Category
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Savings & Investment Plan
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UIN No.
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140N030V01
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About Plan
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It is a guaranteed income plan that helps you supplement your monthly income with ease so that you can fulfill your family's wishes. This is also a protection plan that ensures that your family has an additional income stream to meet their monthly expenses if you are no longer around to take care of them. So while you protect the dreams of a billion others, let us help you protect yours.
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Minimum Entry Age
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18 years
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Maximum Entry Age
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60 years
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Minimum Policy Term
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10 years, 14 years and 20 years
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Premium Paying Term
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Policy Term Premium Payment Term10 years 5 years14 years 7 years20 years 10 years
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Minimum Premium
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Rs.6000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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The policy will mature at the end of the chosen policy term of 10 or 14 or 20 years. The maturity benefit will be the monthly income amount that will be paid out every month for 5 years (policy term of 10 years)/ 7 years (policy term of 14 years) or 10 years (policy term of 20 years). Beneficiary will also have an option to take the maturity benefit in the form of one time lump sum benefit. The lump sum benefit will be the discounted value of all future monthly income installments payable. At a rate of interest applicable at maturity. The maximum maturity age for this policy is 70 years.
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Death Benefits
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In case of the unfortunate demise of the life insured anytime during the Policy Term, the chosen monthly income will be payable monthly to the beneficiary for a duration equal to the Policy Term i.e. for 10 or 14 or 20 years. For e.g. if death of the life insured occurs in the 3rd year of the policy and the chosen policy term is 20 years, then the beneficiary will receive guaranteed monthly incomes for the next 20 years. The beneficiary will also have an option to take the death benefit in the form of one time lump sum benefit. The lump sum benefit will be the discounted value of all future monthly income installments payable, at a rate of interest applicable at the time of death.
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Tax Benefits
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| No data for Tax Benefits |
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Guaranteed Monthly Income: A guaranteed monthly income for 5/7/10 years (depending on the premium payment term) will be paid after the policy matures.
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Limited Premium Payment Term: Premiums need to be paid for only half the policy term.
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High Death Cover: On death of the life insured, the beneficiary will get a guaranteed monthly income for 10/14/20 years (depending on the chosen policy term).
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Tax Benefit: Get tax benefits on the premiums paid and the benefits received as per the prevailing tax laws.
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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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