Stay financially secure at all times with HDFC Life Sanchay Plus

HDFC Life offers HDFC Life Sanchay Plus  a non-participating and non linked insurance plan with a significant savings component that allows you to make your funds grow while ensuring an insurance coverage point at the same time. Key beneficial features of this plan include the following:

1. Assured benefits:

   The accrued benefits are assured and the policy holder is duly entitled to receive the same as per the terms and conditions of the plan.

2. Option of guaranteed maturity:

   This option ensures that the complete benefits are paid as lump-sum to the policy holder upon plan maturity. The sum assured, that is payable as death benefit in this case is the highest of the amount that is either 10 times the annual premium or 105% of the total premiums paid or an assured sum (equivalent to the sum assured) that is payable in the event of the policy holder's demise during policy term.

3. Lifelong income option:

   With the lifelong income option, the policy holder gets the entitlement for receiving regular income up to the time she/he reaches 99 years of age. The sum assured, that is payable as death benefit in this case is the highest of the amount that is either 10 times the annual premium or 105% of the total premiums paid or an assured sum (equivalent to the sum assured) that is payable in the event of the policy holder's demise during policy term.

4. Long term income option:

   Sanchay Plus offers long term income option, under which the policy holder gets the benefit of receiving fixed income on a regular, periodic basis for a fixed term of about 10 to 12 years. The sum assured, that is payable as death benefit in this case is the highest of the amount that is either 10 times the annual premium or 105% of the total premiums paid or an assured sum (equivalent to the sum assured) that is payable in the event of the policy holder's demise during policy term.

5. Taxation-related benefits:

   In addition, there are tax benefits that can be availed under Sections 80C and 10(10D) of the Income Tax Act, 1961.

6. Optional additional riders:

   There are additional riders that come as an optional addition to the main plan benefits and can be chosen as per specific needs and requirements.

7. Flexibility of choice:

     HDFC Life Sanchay Plus offers dependable flexibility of choice as the policy holder gets to choose whether she/he wishes to receive the plan benefits in the form of a one-time lump-sum payment or as regular payouts.