HDFC Life Sanchay Plus
Sanchay Plus, a non-participating, non-linked savings insurance plan, helps you to protect your family’s future and provides guaranteed benefits.
Guaranteed Benefits
Lifelong Income
Tax-Free Maturity
What is HDFC Life Sanchay Plus?
HDFC Life Sanchay Plus, a savings plan which is non-linked and non-participating, helps individuals to reach their financial goals along with protecting their family’s future from all eventuality. HDFC Sanchay Plus, is a life insurance product that guarantees return for the life insured and their family members.
Proper financial planning is essential to reach various milestones in your life. These milestones can often be associated with additional expenses and responsibilities. It is important to have financial security to achieve your short and long term goals.
Sanchay Plus is suitable for individuals who are looking for regular returns and insurance coverage. We have provided detailed information about HDFC Life Sanchay Plus to help you understand the plan.
Key Features of Sanchay Plus
Flexibility
Sanchay Plus gives you guaranteed benefit with the flexibility to choose between regular income and a lump sum amount.
Long Term Income
This plan offers the long-term income option where the insured can receive guaranteed income for a fixed term of 25 to 30 years.
Life Long Income
Most likely, the insured will receive guaranteed income until 99 years of age under HDFC Life Sanchay Plus.
Assured Returns
This plan ensures that the insured is protected from market risks and receives assured returns.
Riders
With the addition of a premium amount, you can increase the HDFC Sanchay Plus coverage or choose from the various rider options.
Tax Benefit
Section 80C exemption is applicable for paying HDFC Life Sanchay Plus premium. Tax benefits are subject to change as per tax laws.
Eligibility To Get Sanchay Plus
See what are the minimum eligibility to get HDFC Sanchay Plus
| Plan Option | Entry Age | Maturity Age | Premium Amount | Paying Term | Policy Term |
|---|---|---|---|---|---|
| Guaranteed Maturity Option | Minimum- 5 years Maximum- 60 years | Minimum– 18 years Maximum– 80 years | Annual-Rs. 30,000 Half Yearly– Rs. 15,000 Quarterly– Rs. 7,500 Monthly– Rs. 2,500 | 5 years, 6 years & 10 years | 10 years, 12 years & 20 years |
| Guaranteed Income Option | Minimum-5 years Maximum-60 years | Minimum-18 years Maximum-73 years | Annual-Rs. 30,000 Half Yearly– Rs. 15,000 Quarterly– Rs. 7,500 Monthly– Rs. 2,500 | 10 years & 12 years | 11 years & 13 years |
| Life-Long Income Option | Minimum– 50 years Maximum-60 years | Minimum-56 years Maximum-71 years | Annual-Rs. 30,000 Half Yearly– Rs. 15,000 Quarterly– Rs. 7,500 Monthly– Rs. 2,500 | 5 years & 10 years | 6 years & 11 years |
| Long Term Income Option | Minimum-5 years Maximum-60 years | Minimum-18 years Maximum-71 years | Annual-Rs. 30,000 Half Yearly– Rs. 15,000 Quarterly– Rs. 7,500 Monthly– Rs. 2,500 | 5 years |
Frequently Asked Questions
Here you would find answers to most asked questions about HDFC Sanchay Plus
Guaranteed Maturity: This option provides a guaranteed Mature benefit that is payable in Lump sum at policy’s end.
Guaranteed Income: This option guarantees a regular income for a fixed period of 10, 12 or more years.
Lifelong Income: This option guarantees regular income for up to 99 years. Plus, it returns premium at the end Payout Period.
Long-Term Income: This option guarantees regular income for a long period of 25 to 30 years, plus a return of premium at the payout end.
When the life Assured dies during the payout period, the nominee continues to receive guaranteed income as per the Income Payout Frequency/benefit option selected until the end.
Yes, you can change the frequency of income payment and premium payment.
Once the policy attains the surrender value , the policyholder can apply for a policy loan equal to 80% of that surrender value. However, terms and conditions must be followed.
Tax benefits may be available depending on the prevailing tax laws, as defined under the Income Tax Act 1961. Tax laws can change and tax benefits may be subject to adjustment.
