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Pramerica Rakshak Gold

Summary Info

Insurance Company	Pramerica Life Insurance Company Ltd
Plan Name	Pramerica Rakshak Gold
Plan Nature	TRADITIONAL
Plan Category	Child Plan
UIN No.	140N049V01
About Plan	DHFL Pramerica Rakshak Gold, A Child Benefit Protection Cum Savings Plan, and also its a non participating endowment insurance plan that has been designed to ensure that your familys financial future remains secure.

Basic Details

Minimum Entry Age	18 years(Age as on last birthday) - for both Policy Terms of 12 Years & 18 Years.
Maximum Entry Age	53 Years(age as on last birthday) - For the Policy Term of 12 years. 47 Years(age as on last birthday) - For the Policy Term of 18 years.
Entry Age	65 Years
Policy Term	12 Years and 18 Years
Premium Paying Term	7 Years - for the Policy Term of 12 Years 10 Years - for the Policy Term of 18 Years
Minimum Premium	Depends on the chosen base Sum Assured, age at entry, policy term and premium payment term
Minimum Base Sum Assured	Rs. 1,00,000
Maximum Base Sum Assured	Rs. 5,00,00,000 subject to underwriting

Key Benefits

Benefits

Particulars	Description
Maturity Benefits	A Maturity benefit which is guaranteed at outset of the policy to ensure there are no hidden surprises when you finally receive the benefits of your policy. On survival of the Life Insured to the Maturity Date and provided the Policy is in force for full Policy Benefits, the company will pay the Policyholder an amount equal to the Base Sum Assured multiplied by the Guaranteed Maturity Multiple (GMM) PLUS accrued Annual Guaranteed Additions.
Death Benefits	Comprehensive/Enhanced Death Benefit: In the event of an unfortunate demise of the life insured, A lump Sum benefit will be payable immediately. A recurring monthly benefit payable from the date of death till the end of Policy Term, and a final lump sum benefit payable at the scheduled maturity of the policy. On unfortunate demise of the life insured during the Policy Term while the Policy is in force for full Policy benefits, then the company will pay the following benefits to the Nominee(s)/legal Heir(s).Immediate Benefit: A lump sum amount equal to Base Sum Assured & Accrued Annual Guaranteed Addtion Monthly Payout: 2% of the Base Sum Assured, starting from the month of death for rest of the policy term subject to minimum 36 monthly payouts even if these fall outside Policy Term. Benefit at Maturity Date: A lump sum amount equivalent to the Base Sum Assured multiplied by Guaranteed Maturity Multiple(GMM).
Loan against policy	Loans will be available under this policy after the Policy acquires Surrender value, up to 75% of the Surrender Value. The rate of interest applicable on the loans will be declared by the company on an annual basis at the beginning of every financial year.
Surrender Benefit	At any time during the Policy Term while your Policy is in effect and Premium for at least first three consecutive Policy years for Premium Payment Term 10 years and Premium for at lease first two consecutive years for Premium Payment Term 7 years have been received in full. you can surrender your Policy.

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