HDFC Sanchay Plus
  • Guaranteed Benefits
  • Death Benefits
  • Sample Premium Rates
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HDFC Sanchay Plus

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:

why-choose
  • Guaranteed Benefits
  • Tax Benefits
  • Flexibility
  • Life-long income option
  • Long-term income option
  • Additional riders

Eligibility Criteria for HDFC Sanchay Plus

Your Occupation

Entry age

Minimum Age - 5 years Maximum Age - 60 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 80 years

Your Gender

Policy tenure

Minimum term - 6 years Maximum term - 20 years

Maternity Benefit Rider

Premium payment term

5 to 12 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly, quarterly & monthly

Maternity Benefit Rider

Sum assured

105% of the Total Premium Paid

How Does the HDFC Life Sanchay Plus Plan Work?

Let's understand how the HDFC Life Sanchay Plus Plan 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 for his child.

Solution

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.

Features of HDFC Sanchay Plus

Here are some features of HDFC Sanchay Plus:

HDFC Investment Plans

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

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Benefits of HDFC Life Sanchay Plus

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

  • Death benefits:Under Guaranteed Maturity, Guaranteed Income, Life-Long Income, and Long Term Income, in case of the death of the insured during the policy tenure, the accumulated death benefits are provided to the nominee under HDFC LIFE Sanchay Plus Policy.
  • Options of Income Payout: The plan offers the flexibility to choose to receive the annual income under the guaranteed, Life long, and long-term income.
  • Lapse, Paid-up, and Surrender:According to the terms of the HDFC Life Sanchay Plus policy, the surrender value must be met on at least two years of policy premium payment.
  • Enhanced Benefit For High Premium:If the annual premium paid by the insured is more than 1.5 lakhs then he is open to special benefits termed as enhanced benefits.

Documents Required to Buy HDFC Life Sanchay Plus

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

Photo ID Proof

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

How to Buy HDFC Sanchay Plus?

You can buy the HDFC Sanchay Plus 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 Plus'.

  • 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 Plus 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 Plus Plan

  • In case the policyholder commits suicide within 12 months of policy purchase then no death benefits are offered to their family members. Either 80% of the premiums paid to date or the surrender value acquired to date whichever is higher is paid.

Plan At a Glance

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

In a nutshell

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.

FAQs: HDFC Life Sanchay Plus

1. What is the premium payment term under HDFC Sanchay Plus?

You can pay the premium of HDFC Sanchay Plus monthly, quarterly, half-yearly, or annually.

2. Is it possible to change the HDFC Life Sanchay Plan Option once it has been selected?

No, once the plan option has been chosen, it cannot be changed throughout the policy term.

3. Can we change the payout frequency and premium payment frequency under the HDFC Life Sanchay plan?

Yes, you can change the income payout frequency and premium payment frequency under the HDFC Sanchay plus plan.

4. Is there a way for me to have an income for my whole life?

Yes, you can choose the Life Long Income option that can provide you a guaranteed income up to the age of 99 years.

5. What is the maximum installment sum for premium under the HDFC Sanchay Plus plan?

The HDFC Sanchay Plus has no limit on maximum installment premium and is subject to the Board Approved Underwriting Policy (BAUP).

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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Himanshu Kumar

Written By: Naval Goel

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.