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DHFL Pramerica Life unveils flexi cash endowment-cum-insurance policy

India-based DHFL Pramerica Life Insurance has rolled out its latest endowment-cum-insurance plan designed to enable policy holders to manage financial requirement as per their needs.

Dubbed as ‘DHFL Pramerica Flexi Cash’, the new participating non-linked endowment plan gives access to savings corpus at any time of need within the flexi benefit period.

Additionally, the product offers steady income in the form of guaranteed loyalty benefit and financial protection for the policyholder’s family in case of any uncertainty.

The guaranteed loyalty benefit of 10% of the annualized premium is offered from the second policy year onwards, during the premium payment term.

Customers can select the premium payment term to align the maturity corpus with their financial planning, reported The Hindu Business Line.

DHFL Pramerica Life managing director and CEO Anoop Pabby said: "DHFL Pramerica Flexi Cash is tailor-made for those seeking a continuous income stream in an uncertain investment climate.

"The plan also offers life cover that extends beyond the premium payment period and offers bonus additions that accumulate to form a savings corpus, which customers can access at time of need."