DLF Pramerica Family Income


This term insurance plan pays policy benefits to the nominee as annual installments over a 20-year period, instead of a lump sum payment.

Our View

The return of premium option is a marketing gimmick and does not add value, as you end up paying higher premium as compared to a plain risk cover offered by the same insurer.
The annual payout of claim benefits is useful for the policyholder's nominees.

Suited for

This policy is suitable for those not happy with the idea of paying premium for a pure term plan, paying only death benefit.

What does it do?

In case of the policyholder’s death, the plan will pay an annual sum over next 20 years to the family.
On survival, entire premium paid is returned to the policyholder on maturity.


The policy provides for maturity benefit on survival and surrender benefits if one wants to surrender the policy mid term.

The annual payout can be used as a replacement of income, and it’s better than receiving a lump sum payment.


There are no rider options available with the plan.

Policy is available for a fixed tenure of 10, 15 or 20 years.


Entry Age (years)


Policy Term (years)


Sum Assured (Rs)

No Limit
Monthly income benefit of 2000

Minimum Premium (Rs)

Yearly, Half Yearly, Quarterly and Monthly(ECS)
Regular, equal to policy tenure
Cover remains fixed for the tenure of the policy

Other Features

In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered
You are allowed to pay premiums within 30 days (15 days in case of monthly) from the due date. If a due premium is not received within the grace period, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated
You can reinstate your lapsed policy any time (within 3 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any
Section 80C and Section 10 (10D) of the Income Tax Act, 1961 would apply. . Premiums paid for Critical Illness Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961
In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable
There is no surrender benefit in this plan

Customer Service

DLF Pramerica Life Insurance Company Limited, 4th Floor, Building 9B, Cyber City, DLF City Phase-III, Gurgaon - 122002
DLF Pramerica Traditional Accidental Death Benefit Rider: covers death due to an accident.
DLF Pramerica Traditional Critical illness Rider: The 10 critical illnesses are Aorta Surgery, Blindness, Cancer, Coronary Artery Bypass Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Organ Transplant, Paralysis And Stroke. There is a survival period of 30 years to claim the benefit.

Rider Conditions

Entry Age (years)


Rider Term (years)


Sum Assured (Rs)

50 lakh for ADDB Rider ; 25 lakh for Critical Illness rider
Rider premiums vary for each policyholder. For instance, if a 30-year old male opts for the ADB rider for Rs 5 lakh sum assured over a 10 year tenure; the annual ADB rider premium works to Rs 425

Cost Details