DLF Pramerica Future provides regular monthly payouts for the childs immediate education needs, in case of an eventuality
DLF Pramerica Life Insurance (DPLI), a joint-venture between DLF, a real estate company in India and Prudential International Insurance Holdings (PIIH), has launched DLF Pramerica Future Idols. It is a Unit-linked Child Progress Plan – reported in myiris.com.
DLF Pramerica Future offers protection coverage to help parents secure their childs future in their absence. In case of an eventuality, the plan provides regular monthly payouts for the childs immediate education needs.
In addition, after the insured parents demise, no future premiums have to be paid. All the outstanding premiums are added to the fund and invested in the policy as a lump sum, to ensure that the savings grow as planned. At maturity, the fund value with the invested outstanding premiums is paid to the child.
Prudential International Insurance is a wholly-owned subsidiary of Prudential Financial of US.