HDFC Sanchay Par Advantage
  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus
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HDFC Sanchay Par Advantage

Secure Lifelong Income with Whole Life Cover Sign Up for HDFC Life Sanchay Par Advantage Plan Today. 

HDFC Life Sanchay Par Advantage, from HDFC Life Insurance, is a participating life insurance plan that provides the whole life cover up to age of 100 years. It offers a regular income stream, helps you to build wealth for retirement, and financially protects your family without any compromises.

It offers two plan options, allowing policyholders to select the benefit level based on their future goals. With this plan, you'll get a cash bonus based on the insurer's profits at the end of each financial year. Even the plan offers flexibility in selecting survival benefit payout options.

HDFC Life Sanchay Par Advantage Plan offers you a range of benefits including:

why-choose
  • Guaranteed Benefits
  • Tax Benefits
  • Flexibility
  • Two policy options
  • Long-term income option
  • Additional riders

Eligibility Criteria for HDFC Sanchay Par Advantage

Your Occupation

Entry age

Min- 0 years, Max- 65 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age- 100 years

Your Gender

Policy tenure

100 minus Age at Entry

Maternity Benefit Rider

Premium payment term

5,6,7,8,9,10,12 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Monthly, Quarterly, Half-Yearly or Annually

Maternity Benefit Rider

Sum assured

No limit

How Does the HDFC Life Sanchay Par Advantage Work?

Let's understand how the HDFC Life Sanchay Par Advantage works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for an investment plan to create long-term wealth to fulfil his financial goals.

Solution

His financial advisor advised him to buy the HDFC Life Sanchay Par Advantage. He visited PolicyX.com

Let's understand how the HDFC Life Sanchay Par Advantage works for him with a premium illustration table.

Age of policyholder Annual Premiums Premium payment tenure Sum Assured Maturity Benefits
35 years Rs 1,00,000 10 years Rs 10,00,000 Rs 17,74,400

Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 17,74,400 are paid to the policyholder.

Features of HDFC Sanchay Par Advantage

Here are some features of HDFC Sanchay Par Advantage:

HDFC Investment Plans

Secure Lifelong Income with Whole Life Cover Sign Up for HDFC Life Sanchay Par Advantage Plan Today.  HDFC Life Sanchay Par Advantage, from HDFC ...

Unique Features

  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus

HDFC Sanchay Par Advantage (Pros)

HDFC Sanchay Par Advantage
  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus

HDFC Sanchay Par Advantage (Cons)

HDFC Sanchay Par Advantage
  • Suicide within 12 months not covered
  • Consumption of any intoxicants
  • Death due to any aviation accident
  • Death due to adventurous sports

HDFC Sanchay Par Advantage (Other Benefits)

HDFC Sanchay Par Advantage
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Surrender Value

HDFC Sanchay Par Advantage (Eligibility Criteria)

HDFC Sanchay Par Advantage
  • Minimum entry age- 0 year
  • Maximum entry age- 65 years
  • Sum assured- No Limit
  • Maximum policy term- 100 minus entry age

HDFC Super Income Plan is a comprehensive, non-linked savings plan. It provides a combination of regular income and insurance coverage under the same ...

Unique Features

  • Start earning from 2nd year
  • 9 plan options
  • 3.4% to 12.5% extra benefits

HDFC Super Income (Pros)

HDFC Super Income
  • Flexible premium payment
  • Guaranteed survival benefits
  • Regular income

HDFC Super Income (Cons)

HDFC Super Income
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC Super Income (Other Benefits)

HDFC Super Income
  • Maturity Benefit
  • Death Benefit
  • Tax Benefit

HDFC Super Income (Eligibility Criteria)

HDFC Super Income
  • Minimum entry age- 30 Days
  • Maximum entry age- 59 years
  • Minimum sum assured- Rs 18
  • 457 Maximum sum assured- No Limit
  • Maximum policy term- 27 years

‘A plan that offers you dual benefits- savings and whole life coverage.’ HDFC Sampoorn Samridhi Plus combines whole-life and savings plans...

Unique Features

  • Guaranteed additions
  • Lifetime coverage
  • Loan against policy

HDFC Sampoorn Samridhi Plus (Pros)

HDFC Sampoorn Samridhi Plus
  • Loan against policy
  • Accidental death benefits
  • Guaranteed bonuses

HDFC Sampoorn Samridhi Plus (Cons)

HDFC Sampoorn Samridhi Plus
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC Sampoorn Samridhi Plus (Other Benefits)

HDFC Sampoorn Samridhi Plus
  • Whole life cover
  • Death benefit
  • Maturity benefit

HDFC Sampoorn Samridhi Plus (Eligibility Criteria)

HDFC Sampoorn Samridhi Plus
  • Minimum entry age- 30 Days
  • Maximum entry age- 60 years
  • Minimum sum assured- NA
  • Maximum sum assured- NA
  • Maximum policy term- 40 years

Invest today for a worry-free tomorrow: HDFC Life Uday Savings Plan for a brighter future. HDFC Life Uday, from HDFC Investment Life Insurance, is a g...

Unique Features

  • Discount on Sum Assured
  • Guaranteed Additions
  • 2 Rider Benefits

HDFC Life Uday Plan (Pros)

HDFC Life Uday Plan
  • High Sum Assured Rebate
  • Auto Cover Continuance
  • Tax Benefits

HDFC Life Uday Plan (Cons)

HDFC Life Uday Plan
  • No pre-existing condition
  • Suicidal exclusion
  • War and criminal activity

HDFC Life Uday Plan (Other Benefits)

HDFC Life Uday Plan
  • Reversionary Bonus
  • Guaranteed Additions
  • Maturity Benefit

HDFC Life Uday Plan (Eligibility Criteria)

HDFC Life Uday Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 28
  • 465 Maximum sum assured- No Limit
  • Maximum policy term- 15 years

HDFC Life Assured Gain Plus is a non-linked participating savings life insurance plan offering financial protection to your family after your demise a...

Unique Features

  • Limited Premium Payment Term
  • Guaranteed Sum Assured
  • Terminal Bonus Benefit

HDFC Assured Gain Plus (Pros)

HDFC Assured Gain Plus
  • Limited premium payment term
  • Guaranteed sum assured
  • Terminal Bonus Benefit

HDFC Assured Gain Plus (Cons)

HDFC Assured Gain Plus
  • Suicide within 12 months not covered
  • Consumption of any intoxicants
  • Death due to any aviation accident
  • Death due to adventurous sports

HDFC Assured Gain Plus (Other Benefits)

HDFC Assured Gain Plus
  • Death Benefits
  • Maturity Benefits
  • Surrender Benefits

HDFC Assured Gain Plus (Eligibility Criteria)

HDFC Assured Gain Plus
  • Minimum entry age- 3 year
  • Maximum entry age- 65 years
  • Sum assured- No limit
  • Maximum policy term- 15 years

‘A plan that helps you save for your future goals’. The insurance market is filled with several insurance products, each having its benefi...

Unique Features

  • Dual benefits
  • Guaranteed Income
  • Lump sum and Income variant

HDFC Guaranteed Wealth Plus (Pros)

HDFC Guaranteed Wealth Plus
  • Dual benefits
  • Guaranteed Income
  • Tax Benefits

HDFC Guaranteed Wealth Plus (Cons)

HDFC Guaranteed Wealth Plus
  • No pre-existing condition
  • Suicidal exclusion
  • War and criminal activity

HDFC Guaranteed Wealth Plus (Other Benefits)

HDFC Guaranteed Wealth Plus
  • Rider benefits
  • Return of premiums
  • Maturity Benefit

HDFC Guaranteed Wealth Plus (Eligibility Criteria)

HDFC Guaranteed Wealth Plus
  • Minimum entry age- 12 years
  • Maximum entry age- 60 years
  • Minimum sum assured- NA Maximum sum assured- NA
  • Maximum policy term- 43 years

HDFC Life Guaranteed Income Insurance Plan is a non-linked, non-participating life insurance saving plan. It offers a regular income payout for 16 to ...

Unique Features

  • Limited premium payment term
  • Guaranteed sum assured
  • Terminal Bonus Benefit

HDFC Guaranteed Income Plan (Pros)

HDFC Guaranteed Income Plan
  • Limited premium payment
  • Maturity Benefit
  • Bonuses

HDFC Guaranteed Income Plan (Cons)

HDFC Guaranteed Income Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC Guaranteed Income Plan (Other Benefits)

HDFC Guaranteed Income Plan
  • Maturity Benefit
  • Death Benefit
  • Tax Benefit

HDFC Guaranteed Income Plan (Eligibility Criteria)

HDFC Guaranteed Income Plan
  • Minimum entry age- 3 year
  • Maximum entry age- 65 years
  • Minimum sum assured- Depends on monthly premiums
  • Maximum sum assured - No Limit
  • Maximum policy term- 15 years

‘A combination of income and family protection plan’. HDFC Life My Assured Income Plan is a perfect blend of a guaranteed income plan and ...

Unique Features

  • Guaranteed income benefits
  • Terminal benefits
  • Life coverage

HDFC My Assured Income Plan (Pros)

HDFC My Assured Income Plan
  • Income Benefits
  • Surrender Value
  • Tax Benefits

HDFC My Assured Income Plan (Cons)

HDFC My Assured Income Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC My Assured Income Plan (Other Benefits)

HDFC My Assured Income Plan
  • Terminal Benefit
  • Rider Benefit
  • Life Coverage

HDFC My Assured Income Plan (Eligibility Criteria)

HDFC My Assured Income Plan
  • Minimum entry age- 2 years
  • Maximum entry age- 60 years
  • Minimum sum assured- NA
  • Maximum sum assured - NA
  • Maximum policy term- 16 years

It is important to achieve the personal milestones that you have planned for your future to maintain life. But these milestones usually come along wit...

Unique Features

  • Guaranteed Benefits
  • Death Benefits
  • Sample Premium Rates

HDFC Sanchay Plus (Pros)

HDFC Sanchay Plus
  • Options of Income Payout
  • Guaranteed Benefits
  • Flexibility

HDFC Sanchay Plus (Cons)

HDFC Sanchay Plus
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC Sanchay Plus (Other Benefits)

HDFC Sanchay Plus
  • Life-Long Income Option
  • Long Term Income Option
  • Optional Riders

HDFC Sanchay Plus (Eligibility Criteria)

HDFC Sanchay Plus
  • Minimum entry age- 5 years
  • Maximum entry age- 60 years
  • Minimum sum assured- 105% of premiums
  • Maximum sum assured- No limit
  • Maximum policy terrm- 25 years
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Benefits of HDFC Life Sanchay Par Advantage

There are various benefits to buying the HDFC Life Sanchay Par Advantage. Let’s understand each of them in detail:

  • Bonuses The profit will be shared as a cash bonus and terminal bonus declared at the end of each financial year. 
  • Deferral of Survival BenefitsPolicyholders have the flexibility to delay the survival benefit arising out of declared cash bonus or guaranteed income and gradually grow it over time.
  • Policy RevivalUnder this plan, you can easily revive your policy's total value within five years from the due date of the first unpaid premium.
  • Surrender Value (SSV)You can discontinue your policy once it acquires a Guaranteed Surrender Value upon the premium payment of two full consecutive years.

Documents Required to Buy HDFC Life Sanchay Par Advantage

Here is the list of documents required to buy the HDFC Life Sanchay Par Advantage:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.

How to Buy HDFC Sanchay Par Advantage?

You can buy the HDFC Sanchay Par Advantage official website or one of their nearest branch offices.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of HDFC Life Insurance.

  • Step 2

    Hover over the 'Investment Plans' from the top of the menu.

  • Step 3

    Click on the 'HDFC Life Sanchay Par Advantage Plan'.

  • Step 4

    Click on ‘Buy Now’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying from their branch office

You can buy the HDFC Life Sanchay Par Advantage Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of HDFC Life Sanchay Par Advantage Plan

  • Suicide within 12 months of the policy purchase is not covered.
  • Consumption of any intoxicants.
  • Death due to any aviation accident.
  • Death due to any adventurous sports.

Plan At a Glance

What’s Good Here What’s Missing
Plan options Guaranteed Addition
Cash Bonuses No High Sum Assured Rebate
Guaranteed Death Benefit No Auto Cover Continuance 
Deferral of Survival Benefits No Partial Withdrawals

In a nutshell

HDFC Life Sanchay Par Advantage is a participating life insurance plan that provides up to 100 years of coverage. It is specially designed to serve your unique financial needs in the later years of your life. To know more about this plan's features, you can contact our insurance experts anytime.

FAQs: HDFC Sanchay Par Advantage

1. What is the HDFC Sanchay Par Advantage Plan?

HDFC Sanchay Par Advantage Plan is a participating life insurance plan that provides an option to avail coverage for the whole of life and build a corpus for retirement.

2. What types of bonuses are there in the HDFC Sanchay Par Advantage Plan?

HDFC Sanchay Par Advantage Plan offers interim or terminal bonuses at the end of each year.

3. What is the claim settlement ratio of HDFC Life Insurance?

HDFC Life has a claim settlement ratio of 99.39% over the fiscal year 2022-2023.

4. What rider can I avail of with my HDFC Sanchay Par Advantage Plan?

The plan includes 2 add-on riders to enhance your base life cover: Accidental Disability Rider and Critical Illness Plus Rider.

5. How many plan options are there in the HDFC Sanchay Par Advantage Plan?

The plan offers two plan options, allowing policyholders to select the benefit level based on their future goals: Immediate Income and Deferred Income.

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

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Sahil Singh Kathait

Written By: Sahil Singh Kathait

A boy-in-squares bagging escapades of switching streets in groove & sensing musical airy-notes from 6 1". Under wayed nyctophile sketching the walls of life from the panorama of anime.