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A Non-Linked, Non-Participating Individual Savings Pension Plan.
HDFC Life
Sanchay Aajeevan Guaranteed Advantage Plan
UIN: 101N208V02
HDFC Life Sanchay Aajeevan Guaranteed Advantage Plan helps you grow wealth confidently with guaranteed3 returns, ensuring financial security and flexibility to achieve your dreams.
Guaranteed3 Returns
Lock – in1 Lifelong Income
Joint Life with Waiver of Premium2
How HDFC Life Sanchay Aajeevan Guaranteed Advantage works to your advantage
A Non-Linked, Non-Participating Individual Savings Pension Plan
Select your plan based on single (Future Ready) or Joint (Future Secure) life coverage
Option to Lock-in1 your income rates with Variant 2 – With Guaranteed3 Income variant
In Joint Life option get waiver of future premium2 on first death of Primary Life + 105% of the total premiums paid immediately + Future benefits continue to secondary life and nominee shall receive death benefit
Option to maximize your death benefits with higher Guaranteed Rate of Return
Partial Withdrawals4 and policy loans available to provide liquidity
Select your plan based on single (Future Ready) or Joint (Future Secure) life coverage
Option to Lock-in1 your income rates with Variant 2 – With Guaranteed3 Income variant
In Joint Life option get waiver of future premium2 on first death of Primary Life + 105% of the total premiums paid immediately + Future benefits continue to secondary life and nominee shall receive death benefit
Option to maximize your death benefits with higher Guaranteed Rate of Return
Partial Withdrawals4 and policy loans available to provide liquidity
Check your benefits
Your Plan. Your Benefits
- Plan Options
- Death Benefit
- Guaranteed Additions
- Maturity Benefit
Plan Options
You can choose one of the plan options at inception. Plan Option once chosen at inception cannot be changed throughout the policy term
Plan Options
-
Future Ready: This is a single life option where on maturity at the end of policy term, provided all due premiums have been paid, Maturity value shall be payable as per the variant options chosen at inception.
-
Future Secure: This is a joint Life option, where there is Waiver of Premium2 and 105% of total premiums paid on the first death of primary life or 105% of total premiums paid on first death of secondary life and death benefit on second death.
In case of maturity at the end of Policy Term, provided all due premiums have been paid, maturity benefit shall be payable as per the variant option chosen at inception.
-
Each plan option has two variants:
A. Variant 1 - Without Guaranteed Income Variant: There is no guarantee on the future rate.
B. Variant 2 - With Guaranteed Income Variant: At inception, the policyholder can choose to convert a proportion of their maturity benefit into a guaranteed3 lifelong income at a predetermined rate under the same product. This proportion can either be 40%, 60% or 80% of the maturity benefit.
Check your Eligibility
Before buying HDFC Life Sanchay Aajeevan Guaranteed Advantage Plan
ELIGIBILITY CRITERIA
|
Variant 1 - Without Guaranteed Income Variant |
Variant 2 - With Guaranteed Income Variant |
||
Particulars |
Minimum |
Maximum |
Minimum |
Maximum |
Entry Age |
18 years |
70 years for Future Ready Option and 65 years for Future Secure Option |
40 years |
70 years for Future Ready Option and 65 years for Future Secure Option |
Maturity Age |
40years |
80 years |
45 years |
80 years |
Policy Term (PT) |
Single: 5 years Regular/Limited Pay: 10 years |
30 Years |
Single: 5 years Regular/Limited Pay: 10 years 2 and 3 Pay: 15 years |
30 Years |
Premium Payment Term |
Single Pay, Regular/Limited Pay (2 and 3, 5 to 12 years) |
|||
Premium Payment Frequency |
Single, Annual, Half-yearly, Quarterly, Monthly |
|||
HDFC Life Retirement FAQ video series
1. Lock in – Applicable if Variant 2 - With Guaranteed Income variant is chosen.
2. In case of Joint Life Option the annuity continues till either of the life assured is alive & Waiver of Premium (WOP) is applicable only on first death of primary life.
3. Guaranteed – Only for the policies that are in force and all due premiums have been paid.
4. Allowed only after completion of 3 years from commencement of policy, upto 3 times during policy term, maximum upto 25% of the total premiums paid, subject to receipt of all due past premiums or if Waiver of Premium (WOP) benefit has been triggered
ARN: PP/03/26/32716
