DLF Pramerica launches ‘U-Protect’: a lump-sum benefit pure term insurance plan
DLF Pramerica Life Insurance Co. Ltd. (DPLI) announced the launch of DLF Pramerica ‘U-Protect’, a lump-sum benefit pure term insurance plan that provides customers a high life protection cover by paying an affordable premium. The premium rates are substantially lower for female lives, making the plan particularly attractive for women customers. The plan also promotes a healthy lifestyle by offering a discount on premium for non-tobacco users.
Elaborating on the product, Pavan Dhamija, managing director and CEO, DPLI said, “With a minimum annual premium of Rs4,000/-, DLF Pramerica ‘U-Protect’ is affordable for customers across multiple income groups. The policy term ranges from 10 years to 30 years offering customers the option to buy protection cover for a longer period. The minimum Sum Assured (protection coverage) offered in this plan is Rs25,00,000/- and customers have an option to augment this amount by opting for additional riders for Accidental Death Benefit (ADB) or Critical Illness (CI).”
“For customers who opt for the CI Rider, the plan provides payment of the Rider Sum Assured upon diagnosis of a covered critical illness, while the life cover continues till the end of the policy term”, added Dhamija.
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