Buy HDFC Life Sanchay Plus Online in India
Updated On Dec 26, 2023
HDFC Life Sanchay Plus is a non-participating and non-linked endowment plan. This plan helps you ensure financial security for the life assured and the family of the life assured. HDFC Sanchay Plus has 4 plan options namely Guaranteed Income, Guaranteed Maturity, Life Long Income and Long Term Income that one can choose from according to their requirements and budget. This endowment policy helps ensure financial security for your family under key life stages such as marriage, parenthood, retirement, and other milestones of life.
Table of Contents
Why Choose HDFC Life Sanchay Plus?
Under HDFC Life Sanchay Plus a death benefit is provided in case of an untimely demise of the life assured during the policy tenure.
- It helps the family of the life assured to maintain a decent way of living even in the absence of the life assured.
- Under this plan, a maturity benefit is also provided at the end of the policy tenure in case the life assured can survive the entire policy term.
Also Read: Common Exclusions Under An Endowment Plan
Features of HDFC Life Sanchay Plus Plan
Below are some features of HDFC Life Insurance for the Sanchay Plus plan:
- Provides financial security to the life assured and the family of the life assured from the uncertainties of life
- Provides a maturity benefit at the end of the policy term in case the life assured can survive the entire policy term
- 4 plan options to choose from: Guaranteed Income, Guaranteed Maturity, Life Long Income and Long Term Income
- 2 rider options to choose from: HDFC Life Critical Illness Plus Rider and HDFC Life Income Benefit on Accidental Disability Rider
- Flexibility to pay premiums on a Half-yearly, Quarterly or Monthly basis.
- Flexibility to select the premium payment frequency and policy term.
Eligibility Criteria to Purchase HDFC Life Sanchay Plus
Below are the eligibility criteria for purchasing the HDFC Life Sanchay Plus plan:
|
Parameters |
Eligibility |
|
Plan Option |
Guaranteed Income, Guaranteed Maturity, Life Long Income and Long Term Income |
|
Minimum Entry Age |
Guaranteed Income Option - 5 years Guaranteed Maturity Option - 5 years Life Long Income Option - 50 years Long-Term Income Option - 5 years |
|
Maximum Entry Age |
Guaranteed Income Option - 54 years Guaranteed Maturity Option - 55 years Life Long Income Option - 59 years Long-Term Income Option - 59 years |
|
Maximum Maturity Age |
For all the plan options the maximum maturity age is 65 years |
|
Policy Term |
Guaranteed Income Option - 10,12 and 20 years Guaranteed Maturity Option - 11 to 13 years Life Long Income Option - 6,7,11 and 13 years Long-Term Income Option - 6,7,11 and 13 years |
|
Premium Payment Term |
Guaranteed Income Option - 5,6 and 10 years Guaranteed Maturity Option - 10 to 12 years Life Long Income Option - 5,6,10 and 12 years Long-Term Income Option - 5,6,10 and 12 years |
|
Premium Payment Frequency |
Half-yearly, Quarterly, and Monthly |
Also Read:
Features Of An Endowment Plan You Must Know About
Disclaimer: This article is issued in the general public interest and is meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive and should research further or consult an expert in this regard.
