DHFL Pramerica Life launches Smart Wealth+

A benefit-packed Non-Participating Unit Linked Insurance Plan

August 01, 2014 5:20 IST | India Infoline News Service
DHFL Pramerica Life Insurance Co. Ltd. (DPLI) has launched ‘Smart Wealth+’, a non-participating Unit Linked Insurance Plan that is designed to meet a customer’s dual need for wealth creation and protection. It is an ideal product for those seeking potentially high investment returns, along with the benefits of a life cover.

The Plan offers a choice of four market linked-funds for investment which addresses the wealth creation needs of customers with diverse risk appetites - from conservative to aggressive. It also offers customers an option to augment their cover by opting for the Accidental Death Benefit Rider. Apart from the Regular Premium Payment Term, the Plan provides customers a Limited Premium Payment Term option to align the payment tenure with their financial priorities.
Talking about the new product, Mr. Anoop Pabby, Managing Director & CEO of DPLI said, “We are pleased to launch our first ULIP offering in this financial year. Smart Wealth+ offers a host of benefits for customers. It allows them the option to enhance life cover, partially withdraw a portion of the fund value in case of emergencies, build a corpus to achieve planned milestones by riding on market performance, and also an option to safeguard fund value from market volatility before maturity of the policy. This plan is a strong addition to our product portfolio and I am sure our customers will see tremendous value in this offering.”
“Going forward, we will continue to lay emphasis on introducing innovative products and enhancing our quality of advice in our quest to become the most preferred life insurance partner for our customers and distributors,” Mr. Pabby added.
Smart Wealth+ offers Loyalty Additions in the form of Persistency Units to encourage customers to stay invested in the policy to keep their families protected and to achieve their long-term financial goals. The Fund Conservation option at Maturity allows customers to systematically switch investments to debt funds during the last three years of the policy. The Settlement option offers customers the choice of keeping the fund invested and then liquidating the units at any time within five years from the date of maturity, or opting for periodic installments as specified on the date of maturity.

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