DLF Pramerica Rakshak

Recommendations :No

Name of the policy :
DLF Pramerica Rakshak

A brief desciption :

DLF Pramerica Rakshak caters to your child's education and future needs. The death benefit includes basic sum assured plus guaranteed regular and annual additions plus a monthly payout of 2% of SA till the end of policy term and 100% of SA to be paid at the end of policy term. Even if the insured survives then the base sum assured with guaranteed regular and annual additions is paid. 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 :28/3/2011
Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Insurance :Min- 50,000 Max- No limit
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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