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Hdfc Life Sanchay Legacy Plan Full Review | Term Plan With Return Of Premium | HDFC Life Insurance
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HDFC Term Insurance
HDFC Life Sanchay Legacy
HDFC Life Sanchay Legacy is a comprehensive term plan offering early R ...Read More
🛡️ IRDAI Approved
⭐ 4.6/5 · 935 reviews
📊 1.94 solvency ratio
✅ 99.68%% claim settlement ratio
🌐 450++ pan-India
About HDFC Life Sanchay Legacy
A quick read on what this HDFC Term Insurance term plan covers and why it might be a fit for you.
‘HDFC Life Sanchay Legacy, a comprehensive term plan offering early ROP benefits with increasing death cover.’ Most of your prime days are spent working to offer a comfortable life to your loved ones. Right? But occasionally, you have dreamed of leaving behind a legacy for your family so that they can continue with their lives without any hindrances.
For that, HDFC Term Life has launched a term plan- Sanchay Legacy, that ensures 360-degree coverage by covering your whole life and providing flexibility to accelerate your death benefit against 60 critical illnesses.
HDFC Life Sanchay Legacy plan offers you a range of benefits including:
- Affordable premiums
- Death Benefit
- Survival Benefit
- Tax benefits
- Coverage against critical illnesses
Eligibility Criteria for HDFC Life Sanchay Legacy
Entry age
Minimum Age - 40 years Maximum Age - 75 years
Maturity age
Maximum Maturity Age - NA
Policy term
Whole Life
Sum assured
Base sum assured: 1.25 times the Single Premium
Policy loan
The policy loan is not available under HDFC Life Sanchay Legacy Plan
Payment Modes
Annually, Half-yearly, Monthly, Quarterly
Pros & cons
A quick honest summary — the strengths and the trade-offs.
Pros
- Death Benefit
- Affordable premiums
- Tax benefits
Cons
- 1 year WP for suicide
- No policy loan
- No pre-existing illness cover
Video reviews
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
HDFC life sanchay par advantage plan full details | HDFC LIFE Sanchay Par Advantage Benefits
Who can buy this plan
Eligibility criteria pulled straight from the policy wording.
Entry age - 40 years
Max entry age - 75 years
Min sum assured - 1.25 times the Single Premium
Max maturity age - NA
How Does HDFC Life Sanchay Legacy Work?
Let's understand how the HDFC Life Sanchay Legacy with a simple premium illustration.
Problem
Mr. Rakesh Kumar, a 45-year-old smoker is looking for a policy term of 20 years with a sum assured of INR 10 lakhs offering inbuilt critical illness cover.
Solution
He visited PolicyX.com to learn more about term plans. Policyx.com advisors carefully analyze her queries and suggest purchasing HDFC Life Sanchay Legacy
Let us see a brief illustration of HDFC Life Sanchay plan
| Age | Policy Term | Premium payment Term | Sum Assured | Premium (Annually) |
| 45 years | 20 | 20 | 10 Lakhs | Rs. 26000/- |
Riders Associated with HDFC Life Sanchay Legacy Plan
You can add the following riders to your HDFC Life Sanchay Legacy Plan:
HDFC Life Income Benefit on Accidental Disability Rider
Under this rider, upon the Accidental Total Permanent Disability, a benefit equal to 1 % of the rider sum assured per month will be payable for the next ten years.
HDFC Life Critical Illness Plus Rider
Under this rider, upon the diagnosis of any listed 19 critical illnesses- a sum assured equal to the rider sum assured will be payable.
HDFC Life Protect Plus Rider
A Benefit equal to the rider sum assured will be payable in case of accidental death or partial/total disability due to an accident.
HDFC Life Health Plus Rider
Under this rider, a lump sum benefit equal to the rider sum is assured upon diagnosing any of the covered 60 Critical Illnesses, such as Stage Cancer / Major Cancer.
Features of HDFC Life Sanchay Legacy
Key features that make HDFC Life Sanchay Legacy stand out.
Increasing death benefit
In a normal-term insurance plan, you will not earn any additional bonus. But, in this plan, you will earn a bonus, accumulating to your sum assured over time.
Life cover with no medical insurance
You can purchase this term insurance plan without a medical examination, and only a written statement from a certified doctor is enough to buy.
Acceleration of death benefit
Upon diagnosing any 19 critical illnesses listed during the policy term, you will get a part of your sum for up to 100% for further treatment.
Early RoP benefit
Under this feature, you will get an amount equal to 100% of the total survival benefit at the end of the milestone year, where milestone year 85 is the age at entry.
Benefits of HDFC Life Sanchay Legacy
Here are the key benefits of the HDFC Life Sanchay Legacy.
Death benefit
Upon the unfortunate demise of the policyholder during the policy term, HDFC Life Sanchay Legacy offers death benefits in different ways.
Survival Benefit
You can get all of your premiums paid upon the commencement of a milestone year, such as 85 years.
Accelerated Benefit
You will get 100% of the death benefit in case you are diagnosed with any of the listed critical illnesses in the policy document.
Exclusions of HDFC Life Sanchay Legacy Plan
Here is the list of exclusions associated with the plan:
- Suicide during the first 12 months of policy inception will not be covered.
- Death occurred due to the pandemic not covered under this plan.
- Injuries or illnesses caused due to any type of adventure sports.
- Consumption of any type of, drugs, or alcohol except for the clinical purpose.
- Any pre-existing disease that isn't mentioned during the start of the policy.
Conclusion
HDFC Life Sanchay Legacy offers flexibility to accelerate your death benefit against 60 critical illnesses along with life cover. It offers life coverage at affordable premiums along with tax benefits as per the law. If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.
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HDFC Life Sanchay Legacy: FAQs
The 5 most-asked questions about HDFC Life Sanchay Legacy, answered.
Someone with a Minimum age of 45 can buy this plan.
Whole life
No, a medical examination is not mandatory for purchasing HDFC Term Sanchay Legacy; only a certified physician’s written statement of your health is enough.
There are two plan options available: life options, and Rop options.
Yes, you can get a return of premium options in this plan.
Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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