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It is important to achieve the personal milestones that you have planned for your future to maintain life. But these milestones usually come along with added responsibilities, expenses, and the financial burden of unfortunate events. It is essential to have the proper financial security to achieve his/her long and short-term goals. HDFC Life Sanchay Plus is offers guaranteed returns for you and your family.
HDFC Life Sanchay Plus is a non-participating, non-linked savings life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.
HDFC Life Sanchay Plus Plan offers you a range of benefits including:
Minimum Age - 5 years Maximum Age - 60 years
Maximum Maturity Age - 80 years
Minimum term - 6 years Maximum term - 20 years
5 to 12 years
Annual, half-yearly, quarterly & monthly
105% of the Total Premium Paid
Let's understand how the HDFC Life Sanchay Plus Plan works with a simple premium illustration.
Mr. Verma is looking for an investment plan to create long-term wealth for his child.
His financial advisor advised him to buy the HDFC Life Sanchay Plus. He visited PolicyX.com
Let's understand how the HDFC Life Sanchay Plus Plus Plan works for him with a premium illustration table.
Age of policyholder | Annual Premiums | Policy tenure | Sum Assured | Maturity Benefits |
30 years | Rs 1 lakhs | 20 years | Rs 12,87,500 | Rs 22,72,489 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 22,72,489 are paid to the policyholder.
Here are some features of HDFC Sanchay Plus:
The insured can avail loan facility under the HDFC Life Sanchay Plus plan. This can be done after the insured has acquired the surrender value limit and the insured can get a loan up to 80% of the surrender value.
The revival period for a lapsed/ paid-up HDFC Life Sanchay Plus policy is for 5 years. In case of a lapsed policy, the insured needs to pay all the pending premiums along with interest levied.
Under this benefit, the insured gets 15 days for the monthly frequency of premium payment and 30 days for other frequencies to pay the premium without any penalty.
The insured is permitted to change the premium payment frequency and income payout frequency. A plan chosen at the time of buying the policy can not be changed.
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HDFC Life Sanchay Plus Guaranteed Income Plan
There are various benefits to buying the HDFC Life Sanchay Plus Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the HDFC Life Sanchay Plus:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the HDFC Sanchay Plus official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of HDFC Life Insurance.
Hover over the 'Investment Plans' from the top of the menu.
Click on the 'HDFC Life Sanchay Plus'.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the HDFC Life Sanchay Plus Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
What’s Good Here | What’s Missing |
Guaranteed Benefits | Premium Offset |
Additional Riders | High sum assured rebate |
Flexibility | Auto cover continuance |
Tax benefits | Top-up premium |
If you are looking for an investment plan that offers guaranteed returns for you and your family you must opt for HDFC Life Sanchay Plus. This plan offers guaranteed benefits.
For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.
You can pay the premium of HDFC Sanchay Plus monthly, quarterly, half-yearly, or annually.
No, once the plan option has been chosen, it cannot be changed throughout the policy term.
Yes, you can change the income payout frequency and premium payment frequency under the HDFC Sanchay plus plan.
Yes, you can choose the Life Long Income option that can provide you a guaranteed income up to the age of 99 years.
The HDFC Sanchay Plus has no limit on maximum installment premium and is subject to the Board Approved Underwriting Policy (BAUP).
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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February 5, 2023
Asia/Kolkata
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