HDFC Sanchay Plus
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Unique Features
- Guaranteed Benefits
- Death Benefits
- Sample Premium Rates
HDFC Life Insurance is a guaranteed savings plan that offers the dual ...Read More
A quick read on what this HDFC Investment Plans term plan covers and why it might be a fit for you.
Invest today for a worry-free tomorrow with the HDFC Life Uday Savings Plan for a brighter future.
HDFC Life Uday, from HDFC Life Insurance, is a guaranteed savings plan that offers the dual benefit of wealth creation and family protection. Upon your unfortunate death, your family will receive a lump sum death benefit. If you outlive the policy term, you will receive a maturity benefit. You will also get 3% p.a. guaranteed additions during the first five policy years.
The insurer pays a cash bonus to the policyholder at the end of each financial year. If you do not wish to continue your policy, you can surrender it and receive a Guaranteed Surrender Value (GSV). The plan also offers Auto Cover Continuance, where your death benefit continues for the next year even if you miss a premium payment. HDFC offers a discount on a high sum assured of ₹2 lakhs and above.
HDFC Life Uday is a non-participating, non-linked savings life insurance plan.
HDFC Life Uday Plan offers a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Key features that make HDFC Life Uday Plan stand out.
Policy Loan
The insured can avail loan facility under the HDFC Life Uday 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 Uday policy is 5 years. In case of a lapsed policy, the insured needs to pay all pending premiums along with levied interest.
Grace Period
Under this benefit, the insured gets 15 days for monthly premium payments 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.
Keep these documents handy when applying for HDFC Life Uday Plan.
Photo ID Proof
Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Utility bill, passport, voter ID, ration card.
Medical Records
Medical records of the policyholder if requested.
Income Proof
Bank statement, last three months' salary slips (if salaried).
Here are the key features of the HDFC Life Uday Plan.
Conclusion
HDFC Life Uday is a guaranteed savings plan offering the dual benefit of wealth creation and family protection. Choosing a life insurance plan can be stressful. Get expert advice from PolicyX insurance experts, free of charge, anytime.
The 5 most-asked questions about HDFC Life Uday Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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