1 When all your dreams come true, Go on, dream some more. You toil all your life to get what you want and toil even harder so that the ones you love get nothing but the best. No doubt then that, with the effort that you put in, your dreams become a reality. At such times, a sense of achievement prevails and we often give ourselves a pat on the back. Or maybe raise a toast! But more often than not, we get content when we reach the beautiful, pleasant winter of our lives - - our retirement. What we don t realize is that there s still a long way to go; there is so much more to live for. For someone who has taken all challenges of life head on, taking life as it comes is not the way it should be. Presenting DHFL Pramerica Immediate Annuity Plan For when all your dreams have come true, you can still go on to dream some more... How does the plan work? Choose a onetime lump sum amount that you want to pay in order to purchase the amount of annuity required. Opt for payout options as mentioned below. Choose from annuity payout modes monthly, quarterly, half yearly or yearly. Benefits in Detail: Annuity Payout: Through a lump sum Investment in this plan, you start getting regular income in the form of annuity. The actual amount of annuity chosen will depend upon the annuity rate applicable at the time of purchasing the annuity. The annuity will start after the date of acceptance of proposal along with the receipt of purchase price depending on the frequency of annuity payment requested e.g. for monthly mode the annuity will start one month after the acceptance of proposal and for annual mode it will start one year after acceptance of proposal. The rates are guaranteed for the life of the annuitant. The annuity can be received in monthly, quarterly, half yearly or yearly modes. Payout Options: The payout options are described below: Annuity for Life: annuity payout continues as long as the annuitant is alive. Annuity for Life with guaranteed period of 10/15/20 years: Annuity is paid for a guaranteed term chosen whether or not the annuitant survives the guaranteed period. After the guaranteed period, the annuity continues as long as the annuitant is alive.
2 Eligibility: Minimum Annuity Payout: o Yearly Rs. 12,000 o Half Yearly Rs. 6,000 o Quarterly Rs. 3,000 o Monthly Rs. 1,000 Surrender of Policy Minimum Age at Entry: 45 Years Maximum Age at Entry: 75 Years No surrender permitted under this plan. Rebates on annuity rates An increase of 3% on annuity rates will be given if the annual annuity amount is Rs. 72,000 and above. Revision of Annuity Rates Annuity rates are reviewed every calendar month and may be revised. Please ask for latest rates at the time of purchasing the annuity plan. Once the annuity is bought, the annuity amount is guaranteed for the lifetime of the annuitant Policy Loan No Loan is available on the policy under this plan. Service Tax Service Tax, education cess and any other taxes levied by Government Of India from time to time, will be charged extra, as per applicable tax laws. Tax Benefits As per prevailing tax laws which are subject to change. Please contact your tax consultant for specific details. Section 41 of the Insurance Act 1938: Prohibition of rebate 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,
3 except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. Section 45 of the Insurance Act 1938: Non-disclosure No policy of life insurance effected before the commencement of this Act shall after the expiry of two years from the date of commencement of this Act and no policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected, be called in question by an insurer on the ground that a statement made in the proposal for insurance or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policy-holder and that the policy-holder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose : Existence Certificates The Annuitant is required to submit an existence certificate every year, not before 60 days and not later than 15 days prior to each policy anniversary date, confirming that he/she is alive on that day. In case the existence certificate is not received, the annuity payment will cease. However, the annuity payment will resume on receipt of the existence certificate and all the arrears will be settled immediately. This condition is not applicable if annuity payment is in certain period. Free look cancellation You have a period of 15 days from the date of receipt of the Policy document to review the terms and conditions of this Policy. If you do not agree to the terms and conditions, you have the option to return the Policy stating the reasons thereof within this period. On receipt of your letter along with the policy documents, the company will refund the purchase price after deduction of stamp duty charges. 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
4 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 service marks and may not be used without the permission of the owner. Insurance is the subject matter of solicitation. UIN No: 140N006V01 IRDA Registration Number: 140 Copyright 2010, DHFL Pramerica Life Insurance Company Limited. All rights reserved. Take the decision to protect your family s future today! Call Now! Please call or SMS LIFE to
5 Visit to know more about us and our products. Registered Office & Communication Address DHFL Pramerica Life Insurance Company Ltd., 4th Floor, Building No. 9 B, Cyber City, DLF City Phase III, Gurgaon BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDA clarifies to public that IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest Premiums l IRDA does not announce any Bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.