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2 Life is full of unfortunate twists and turns. It becomes even worse when there are loans and liabilities and in case of unfortunate death of such an individual, not only the wealth creation plan is disrupted but even the family has to bear the additional burden of loan repayment. Now there s a better way to provide financial security to your customer s family. Presenting This is a non-linked, non-participating, single premium decreasing term group life insurance plan offered to borrowers. The scheme covers the outstanding amount of loan as per the predefined schedule and is suited for all types of groups and associations. The product is well suited for all types of loans such as home loans, vehicle loans, education loans, personal loans, loans against property, business loans, consumer durable and farm equipment loans. Key Features Assured Protection equal to the outstanding loan amount as per the benefit schedule at attractive rates Flexibility to choose from two plan options: o Plan A Base Life Cover: Reducing sum assured o Plan B Enhanced Life Cover: Reducing sum assured with in-built additional benefits for home and education loans borrowers Comprehensive coverage assuring Accidental Total and Permanent Disability Benefit and Terminal Illness Benefit Pay only once and stay protected for the entire term Avail high coverage without medicals up to the Non Underwriting Limit Procedures are not cumbersome and hassle free Existing borrowers of the financial institution can also be covered for the outstanding loan period subject to underwriting norms In case of joint borrowers or co-borrowers, the borrowers are insured on Joint Life First Death basis or Loan Share Percentage basis During the moratorium period, the cover shall stay intact

3 In case of prepayment/foreclosure of the loan by the member, the member may request for the surrender of the insurance cover and the surrender value shall be paid in accordance with the terms and conditions of the Policy Tax benefits available as per current tax laws Key Advantages You as a Master Policyholder can: Use this as a tool to attract and retain loyal customers Possibly lend higher amounts (subject to customer s eligibility) because of the assurance of having no repayment default owing to customer s death Your Customers: Have insurance protection at a very economical cost Have a sense of security Require no medicals in most cases (up to Non Underwriting Limit) Tax benefits under section 80C and 10(10D) of the Income Tax Act, 1961 Benefits in Detail The benefits shall be payable as per the Plan (A or B) chosen by the MPH or Insured Member at the inception of the Policy. The benefit will be payable to the nominee/legal heirs in case of death and to the insured member in case of Accidental Total and Permanent Disability or Terminal illness. Plan A: Base Life Cover Events Death Terminal Illness How and when benefits are payable On death of the insured member during the coverage term On diagnosis of a Terminal Illness Condition Maturity Not applicable Nil Surrender On full prepayment/ foreclosure of the loan. Benefit Amount Outstanding Loan amount as per the benefit schedule as on the date of insured event. A lump sum benefit equal to 6 Equated Monthly Installments (EMI)/ Monthly loan installment as per the benefit schedule over and above the benefit payable on death of insured member. Surrender value shall become payable Plan B: Enhanced Life Cover Events Death / Accidental Total and Permanent Disability Terminal Illness How and when benefits are payable On Death or Accidental Total and Permanent Disability (ATPD), whichever is earlier, of the insured member during the coverage term On diagnosis of Terminal Illness Condition Benefit Amount Outstanding Loan amount as per the benefit schedule as on the date of insured event A lump sum benefit equal to 6 Equated Monthly Installments (EMI)/ Monthly loan installment as per the benefit schedule over and above the benefit payable on death of insured member. Maturity Not applicable Nil Surrender On full prepayment/ Surrender value shall foreclosure of the loan become payable All the policy benefits are subject to policy being in force. Other Features 1. Joint Borrowers/Co-borrowers If there is more than one borrower for the same loan, the cover can be offered on a Joint Life First Death basis or Loan Share Percentage basis. The maximum number of co-borrowers that can be covered will be two. a. Joint Life First Death Basis: The borrowers are jointly insured for 100% of the sum assured. On the occurrence of insured event (viz. Death or ATPD as applicable) for any one of the borrowers, the benefits as per the applicable plan will be paid and the coverage for the surviving borrower shall cease thereafter. In case of diagnosis of Terminal Illness, the lump sum benefit equal to 6 Equated Monthly Installments (EMI) as per the benefit schedule will be payable and this benefit will be payable only once during the coverage term on the first occurrence of terminal illness to any of the borrowers. If both borrowers die simultaneously, then the applicable benefits shall be paid only once. On payment of the applicable benefits under this provision, the insurance coverage of both borrowers under this Policy shall immediately and automatically ceases.

4 In case the claim of any of the borrowers under Joint Life First Death basis, is repudiated (including death due to suicide within one year of Coverage Commencement Date), the coverage of the surviving borrower shall continue as per the Policy terms and conditions. b. Loan Share Percentage Basis: Each co-borrower is insured up to his / her share of the sum assured in the proportion of the loan taken. On the death of one of these borrowers whose insurance coverage under the Policy is in force, the Company will pay the percentage of the Coverage Sum Assured and applicable benefits specified in the Certificate of Insurance. On payment being made on the borrowers Death or Accidental Total and Permanent Disability, the insurance coverage of that borrower shall immediately and automatically terminate, but the insurance coverage of the surviving co-borrower shall continue. In case of diagnosis of Terminal Illness, the lump sum benefit equal to 6 Equated Monthly Installments (EMI) as per the benefit schedule will be payable for the respective share of the sum assured in proportion of the loan taken. 2. Rebates There is a set-back of 2 years for female lives on the male rates. For risk cover on Joint Life First Death basis, the premium for the individual members will depend on their individual ages and genders. A rebate of 15% would be given on the premium chargeable for the younger member. 3. Moratorium Period Benefit In cases where the date of the loan disbursement and the commencement date of loan repayment are different, the member will be eligible for the moratorium period benefit, during which the risk cover would be level. The maximum duration (maximum Moratorium Period) under the same can be 5 years. Under this benefit, the risk cover commences immediately after the loan is disbursed but before the actual loan repayment begins. For example in case of education loan, the repayment installments start only after the study period has been completed. However, the member is covered during this period as well. In this case sum assured will remain constant till the start of the loan repayment during the moratorium period and starts decreasing on the commencement of repayment / EMIs. 4. Complete Prepayment/Foreclosure of the loan or Surrender of Master Policy In case of surrender of Master Policy at the request of Master Policyholder at any time, the existing members will have option to: Continue the risk cover as per benefit schedule, or Terminate the risk cover and take the surrender value The members who choose to continue the cover will be serviced by the Company till their coverage is terminated. In case of full prepayment / foreclosure of the loan, the member may request for surrender of his membership at any time during the cover term. Cover Continuation Option: On full prepayment of the loan, a member can choose to continue the cover in the scheme as per the existing terms and conditions. 5. Surrender Benefit The scheme shall acquire surrender value immediately. On foreclosure or full prepayment of the outstanding loan amount by the insured member, the member may request for surrender of his membership anytime during the cover. The surrender value would be computed as per the following formula: 60% of Premium Paid X (Unexpired Coverage Term/ Total Coverage Term) X (Coverage In-force / Initial Coverage Amount) Where, coverage in-force means the benefit amount as per the benefit schedule as on the monthly plan anniversary immediately before the date of surrender of the policy.

5 Eligibility Member s Age at Entry (last birthday) Coverage Expiry Age (last birthday) Minimum Plan A: 14 years for education loan 18 years for other loans Plan B: 18 years for all loans 70 years 65 years Maximum Policy Term 2 years Home Loan 30 years Education / Loans against property, Business Loans, Commercial Vehicle Loans 15 years Car / Two Wheeler / Three Wheeler / Personal / Consumer Durable / Tractor / Farm Equipment 10 years; Policy Term can be chosen in multiples of 1 year Premium Payment Single Premium Term Sum Assured `10,000 Plan A: Base Life Cover - No limit subject to underwriting Plan B: Enhanced Life Cover `2 crores per member Group Size 50 members No limit #Age as on last birthday What is Non Underwriting Limit (NUL)? This is the limit determined by the Company based on the characteristics of the group up to which no medical evidence is required. Above the NUL, the acceptance will be subject to medical evidence as per the Company s underwriting rules and in case of substandard lives, extra premium would be charged. Will the amount of new/additional loan availed by the insured member be covered under the scheme? The amount of the new/additional loan will not be covered under the existing cover. A fresh cover can be issued for the new/additional loan amount under the same scheme. What are the tax benefits?* Tax benefits will be applicable as per prevailing tax laws. Tax laws are subject to change. All claim payments are considered as non-taxable receipts U/S 10(10D) *Please refer to your tax consultant for details What are the exclusions in this scheme? 1. If an insured member commits suicide, whether sane or insane at the time, within one year from the Coverage Commencement Date as stated in the Certificate of Insurance, then the liability of the Company shall be limited to a refund of the 80% of the premium received. 2. In case of Accidental Total and Permanent Disability arising directly or indirectly from any of the following are specifically excluded: a. The life assured taking part in any hazardous sport or pastimes (including hunting, mountaineering, racing, steeple chasing, bungee jumping, etc.).

6 b. The life assured flying in any kind of aircraft, other than as a bona-fide passenger (whether farepaying or not) on an aircraft of a licensed airline. c. HIV or antibodies to such a virus. d. Self-inflicted injury, suicide or attempted suicidewhether sane or insane. e. Under the influence or abuse of drugs, alcohol, narcotics or psychotropic substance not prescribed by a registered medical practitioner. f. Service in any military, air-force, naval, paramilitary. g. War, civil commotion, invasion, terrorism, hostilities (whether war be declared or not). h. The Life Assured taking part in any strike, industrial dispute, riot, etc. i. The Life Assured taking part in any criminal or illegal activity with criminal intent. j. Nuclear reaction, radiation or nuclear or chemical contamination. When will the insurance cover terminate? The cover would cease from the date of termination of the coverage in accordance with the scheme rules. Free Look Cancellation Nominee under Section 39 of Insurance Act, 1938 In this policy, Nomination is effected as per Section 39 of Insurance Act, 1938 as amended from time to time. Section 41 of the Insurance Act, 1938 as amended from time to time: Prohibition of rebate 1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the Premium shown on the Policy, nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. 2. Any person making a default in complying with the provisions of this section shall be punishable with fine which may extend to ten lakh rupees. The brochure gives the salient features for the product. Please refer to Policy document for further details of the terms and conditions You will have a period of 15 days from the date of receipt of the policy document to review the terms and conditions of the policy and where you disagree to any of these terms and conditions, you have an option to return the policy stating the reasons for objection. On receipt of the letter along the policy documents, the company will refund the premiums paid, subject to the deduction of proportionate risk premium for the period on cover and any expenses incurred by the Company on medical examination of the members and stamp fee. This policy will not be sold through Distance Marketing mode.

7 About DHFL Pramerica Life Insurance (DPLI) DHFL Pramerica Life Insurance Company Limited (DPLI) is a joint venture between Dewan Housing Finance Corporation Ltd. (DHFL), India s second largest private sector housing finance company and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI), a financial services leader headquartered in the U.S. DPLI represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades. The life insurance joint venture agreement between the two partners was signed in July DHFL Pramerica Life Insurance, which was earlier known as DLF Pramerica Life Insurance started operations in India on September 01, 2008 and has a pan India presence through multiple distribution channels which have been customized to address the specific insurance needs of diverse customer segments. The Company is committed to providing protection and quality financial advice to its customers. For further information on the Company, please visit www. dhflpramerica.com About DHFL DHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to the lower and middle income segments of the society. Today, led by Mr. Kapil Wadhawan, CMD, DHFL, the Company is one of India s leading mortgage finance institutions with presence in over 450 locations across the country, in addition to representative offices in Dubai and London. All through its years of growth, DHFL has stayed with its core vision of financial inclusion. The Company s wide network, coupled with insights into local customer needs has enabled the Company to provide meaningful financial access to customers even in India s smallest towns. With a strong business foundation, an extensive distribution network, proven industry expertise and a deep understanding of the Indian customer, DHFL is one of India s largest financial services companies. For further information, please visit About PFI Pramerica is a trade name used by Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States, and its affiliated companies in select countries outside the United States. PFI (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of September 30, 2013, has operations in the United States, Asia, Europe and Latin America. PFI s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., PFI s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom. *Pramerica and the Rock Logo are proprietary servicemarks and may not be used without the permission of the owner. Note: For information on timeframes for proposal processing, policy servicing, claims servicing and grievance redrassal, please refer our website at This product provides life insurance coverage. Insurance is the subject matter of solicitation. Service Tax as applicable will be charged over and above the quoted premium. DHFL Pramerica Group Credit Life+ UIN: 140N039V01 IRDAI Registration Number: 140 Copyright 2010, DHFL Pramerica Life Insurance Company Limited. All rights reserved. The DHFL and Pramerica Marks displayed belong to Dewan Housing Finance Corporation Limited and The Prudential Insurance Company of America respectively and are used by DHFL Pramerica Life Insurance Company Limited under license. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDA of India clarifies to public that IRDA of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest Premiums IRDA of India does not announce any Bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

8 Take the decision to protect your family s future today. Call now! SMS LIFE to contactus@dhflpramerica.com Visit to know more about us and our products. GCL+/B-ENG/15/AUG/V3 DHFL Pramerica Life Insurance Company Limited (erstwhile DLF Pramerica Life Insurance Co. Ltd.), Registered Office and Communication Address: 4th Floor, Building No. 9B, Cyber City, DLF City Phase III, Gurgaon Haryana. CIN: U66000HR2007PLC052028