DLF Pramerica Future Idols Gold Plan

Recommendations :No

Name of the policy :
DLF Pramerica Future Idols Gold Plan

A brief desciption :

DLF Pramerica Future Idols Gold Plan is a attractive and popular traditional child plan. In this plan if the Life Insured, i.e. the parent dies or meets with total and permanent disability within the policy tenure, no further premiums need to be paid and the child would receive 50% of the Sum Assured for immediate expenses + 1.5% of the Sum Assured as Monthly Payouts every month till the end of policy tenure to pay for expenses like school fees, etc. + the entire Sum Assured is again paid on maturity. Morever even if the insured survives, at maturity the sum assured is paid back. So it seems to be extremely attractive plan, but the truth is that, as far as the periodic cash backs are concerned, investors can probably earn better returns by periodically investing in bank fixed deposits for a five-year time period. To ensure an appropriate life cover for the dependants, invest in a suitable term-plan instead.

Started date :22/3/2011
Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Insurance :Min- 50,000 Max- 2 Crores
Returns expected :Less than Fixed Deposit
Entry age :18-60 Years
Surrender :Guaranteed Surrender Value = 30% of all premiums paid till date-1st year's premiums

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