HDFC Life Sanchay Plus

Overview

Achieving personal milestones is crucial for securing your future. These milestones often come with added responsibilities, expenses, and the financial burden of unforeseen events. It is essential to have proper financial security to achieve your long and short-term goals. HDFC Life Sanchay Plus offers guaranteed returns for you and your family.

HDFC Life Sanchay Plus is a non-participating, non-linked savings life insurance plan. Let's explore the plan in detail for better clarity and understanding.

Key Benefits of HDFC Life Sanchay Plus

HDFC Life Sanchay Plus Plan offers a range of benefits, including:

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

How to Buy HDFC Life Sanchay Plus from PolicyX.com

1. Visit the official website of PolicyX.com.
2. Click on the ‘Investment’ tab.
3. A new page will appear on the screen.
4. Fill out the form at the top of the page with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

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 options, 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 options.
• Lapse, Paid-up, and Surrender: According to the terms of the HDFC Life Sanchay Plus policy, the surrender value must be met after 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, they are eligible for special benefits termed as enhanced benefits.

Policy Loan

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.

Revival

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.

Grace Period

Under this benefit, the insured gets 15 days for monthly premium payment frequency and 30 days for other frequencies to pay the premium without any penalty.

Alterations

The insured is permitted to change the premium payment frequency and income payout frequency. A plan chosen at the time of buying the policy cannot be changed.

How to Buy HDFC Life Sanchay Plus from HDFC Life Insurance

1. Visit the official website of HDFC Life Insurance.
2. Hover over 'Investment Plans' from the top menu.
3. Click on 'HDFC Life Sanchay Plus'.
4. Click on ‘Buy Now’ and you will be redirected to a new page.
5. Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
6. Once discussed, you can make the premium payment and get the policy documents.

Exclusions

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

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

Any one of the following: Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Any one of the following: Passport, Aadhaar card, PAN card, Driving license.

Address Proof

Any one of the following: Utility bill, passport, voter ID, ration card.

Medical Records

Medical records of the policyholder, if requested.

Income Proof

Any one of the following: Bank statement, last three months' salary slips (if salaried).

Plan At a Glance

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, which offers guaranteed benefits.

For more information 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.