MUMBAI: `Income Rakshak' plan has been launched by private insurer DLF Pramerica Life Insurance (DPLI). This will help in increasing family's monthly income and will enable customers to protect the lifestyle of their family at each stage of life.
DPLI Managing Director and CEO Pavan Dhamija stated "Our new product, Income Rakshak, helps supplement a family's monthly income and allows customers to protect the lifestyle of their families even when their income shows a decline that is in the retirement phase. This can help them meet their expenses and fulfill their responsibilities and wishes without dipping into savings."
Through 'Income Rakshak' plan, customers can choose the amount of monthly income as per the needs that start from minimum level of Rs 1,000 for policy terms of 10, 14 or 20 years. According to the policy rules, the selected monthly income amount will be allocated to customers on monthly basis at maturity level.