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DHFL Pramerica Flexi Cash
DHFL Pramerica Flexi Cash

Shriram New Shri Vivah Plan
Shriram New Shri Vivah Plan



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DHFL Pramerica Flexi Cash
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Shriram New Shri Vivah Plan

DHFL Pramerica Flexi Cash and Shri Vivah Benefits

1 Loan And Benefits
1.1 Loan
81% Endowment Plans Life insurance plans have it !
81% Endowment Plans Life insurance plans have it !
1.2 Surrender
90% Endowment Plans Life insurance plans have it !
90% Endowment Plans Life insurance plans have it !
1.2.1 Surrender Value
Depends on the policy year, policy term and premiums paid
Not Available
1.3 Benefits
1.3.1 Tax
All Endowment Plans Life insurance plans have it !
All Endowment Plans Life insurance plans have it !
1.3.2 Tax Benefit Amount
As applicable under Section 80C and Section 10(10D), as per the Income Tax Act, 1961.
Tax benefits under this plan are available as per the provisions of the Income tax Act.
1.3.3 Service Tax
Applicable
Not Applicable
1.3.4 Maturity
99% Endowment Plans Life insurance plans have it !
99% Endowment Plans Life insurance plans have it !
1.3.5 Maturity Benefit Amount
Base Sum Assured + Accrued Bonuses + Guaranteed Loyalty Benefit
In case of survival of the life assured up to the end of the policy term, reduced paid up sum assured plus accrued reversionary bonuses till the policy becomes paid up, if any will be paid.
1.3.6 Death
99% Endowment Plans Life insurance plans have it !
99% Endowment Plans Life insurance plans have it !
1.3.7 Death Benefit Amount
Sum Assured on Death + Accrued Bonuses
Sum Assured on Death+Accrued Reversionary Bonuses + Terminal Bonus. However the death benefit will be at least 105% of all premiums paid till the date of death excluding any extra and rider premiums and taxes.
1.3.8 Annuity
No Endowment Plans Life insurance plans has it !
No Endowment Plans Life insurance plans has it !
1.4 Bonus
Not Available
Reversionary Bonus, Terminal Bonus

Availability of Loan

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for DHFL Pramerica Flexi Cash and Shriram New Shri Vivah Plan. For an insurance policy, loan option may or may not be provided. For first policy, a person can apply for loan and second policy provides loan facility.Loan is a facility that is provided by the insurance companies so that in case of emergencies, you can borrow money against your life insurance policy. If loan is provided by an insurance company, its value is usually deducted from your fund value i.e. the amounts of premiums that you've paid up to the time of money borrow. Also some companies specify the period of time when the loan has to repaid.

Benefits Under DHFL Pramerica Flexi Cash and Shri Vivah

Benefits Under DHFL Pramerica Flexi Cash and Shri Vivah can an important point of comparison between the two plans.

For DHFL Pramerica Flexi Cash:

  • Tax Benefit: Available
  • Maturity Benefit: Available
  • Death Benefit: Available
  • Annuity Benefit: Not Available

For Shriram New Shri Vivah Plan:

  • Tax Benefit: Available
  • Maturity Benefit: Available
  • Death Benefit: Available
  • Annuity Benefit: Not Available

Tax benefit implies that a part of one's fund value and the premium that one pays against his insurance plan are eligible for deduction on tax returns. Maturity benefit can be availed at the end of the policy term of your plan. It is paid along with the sum assured. Death benefit is an amount of money paid to the family of the life insured in event of his demise before the end of the policy term. Annuity benefit offers you an opportunity to convert your funds at end of policy term to annuity. Annuity is a type of plan where you pay a lump sum amount at once and reap its benefits after your retirement.

Surrender Value of DHFL Pramerica Flexi Cash and Shri Vivah

Surrender value of DHFL Pramerica Flexi Cash and Shri Vivah is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity. Surrender may not be allowed for all types of insurance policies. DHFL Pramerica Flexi Cash allows surrender of policies before end of policy term. This means that you'll get the assured surrender value i.e. returns on the premiums paid till date. Shriram New Shri Vivah Plan allows surrender of policy.

Bonuses Available for These Plans

Bonuses available for these plans include terminal bonus, reversionary bonus, interim bonus etc. Bonus is an important part of DHFL Pramerica Flexi Cash and Shri Vivah benefits. Terminal bonus is provided by the insurance company to reflect the overall performance of your chosen policy. Reversionary bonus is an amount of money added to your returns on maturity. Terminal bonus is usually announced twice a year. If your policy matures at a date between these two bonus days, you may get an interim bonus.

  • Bonus provided under DHFL Pramerica Flexi Cash: No bonus is provided.
  • Bonus provided under Shriram New Shri Vivah Plan: Reversionary Bonus and Terminal Bonus

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