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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

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Flexibility

Sanchay Plus gives you guaranteed benefit with the flexibility to choose between regular income and a lump sum amount.

Long Term Investment

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.

Flexibility Icon

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 OptionEntry AgeMaturity AgePremium AmountPaying TermPolicy Term
Guaranteed Maturity OptionMinimum- 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 years10 years, 12 years & 20 years
Guaranteed Income OptionMinimum-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 years11 years & 13 years
Life-Long Income OptionMinimum– 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 years6 years & 11 years
Long Term Income OptionMinimum-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

What plan options are available under HDFC Life 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.

What happens if the death occurs within the payout period?

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.

Can the premium payment frequency and income payment frequency be changed?

Yes, you can change the frequency of income payment and premium payment.

Can I get loan through the policy?

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.

Is this scheme eligible for tax benefits?

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.