HDFC Life Sanchay Plus
- Calculate Your Premium
- Key product features
- Benefits of the Product
- Eligibility
- Download
Calculate Your Premium
Key product features
Key product features
- Guaranteed^ benefits- Rest assured of the returns
- Flexibility-Guaranteed^ benefits as a lump sum or as regular income
- Life Long Income option- Guaranteed^ Income till age 99 years
- Long Term Income option- Guaranteed^ Income for a fixed term of 25 to 30 years
- Life Long and Long Term Income optionsreturn the total premiums paid1 at the end of payout period
- Enhanced benefit for policies with Annual Premium more than INR 150,0002
- Tax Benefits
- Optional Riders- Enhance your protection coverage with rider options on payment of additional premium
^Provided all due premiums have been paid and the policy is in force.
^^As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
1Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
2For more details, please refer "Enhanced Benefit for High Premium Policies" section in the Product Brochure.
Please refer to the Product Brochure for complete details of the product
Benefits of the Product
Benefits of the Product
- Guaranteed* Benefit Payouts
- Life cover to protect the family's future
- Tax Benefits**
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*Provided all due premiums have been paid and the policy is in force.
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**As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
Eligibility
Download
1-Day Claim Settlement
is available for the following:
. . . . . . . . . . . . . . . . . .
- Cumulative claim amount on all policies up to ₹2 crores
- 1 day claim settlement is exclusively available for policies bought online
- Claim does not require field investigation
- All requisite documents# submitted by the nominee before 3 PM on a working day at HDFC Life branches. Intimations beyond 3 PM will be taken up the next business day
- HDFC Life will pay an interest^ on your death claim amount for every day of delay beyond one working day
T&C Apply
1) For all claims* fulfilling above mentioned conditions, provided we receive all the required documents, the claim will be processed within one working day and decision will be communicated accordingly. 2) Investigation / Open title / Rival / Court involved Claims are excluded. 3) Policy duration at the time of event is at least >=3 years. 4) Saturday, Sunday, public festivals and non-NAV days (for ULIP) are excluded (not treated as a working day)
^Interest rate would be at 6.25%per annum.
#Documentation Details
Claim form, Nominee photograph, Pan card copy, Identity and Address proof of nominee. (If nominee is minor, documents of appointee to be submitted). Death certificate issued by competent authority for death registrations. Medical cause of death certificate. Cancelled cheque/copy with the name of nominee/appointee mentioned on it as per the passbook of the nominee/appointee. Past & current complete medical records including discharge/death summary, indoor case papers, investigation reports, consultation notes. In case of an accidental death, additional documents will be required. Post Mortem Report, Panchnama, Police Inquest report, First/Final Information report, Viscera/Chemical Analysis report.
Sample illustration:
Illustration of benefits for healthy male aged 30 years (50 years for Life Long Income Option), who pays INR 1 Lac + Taxes per annum throughout the premium paying term and survives the policy term.
| Plan Option | Sum Assured | Death Benefit at Inception* | Policy Term (years) | Premium Paying Term(years) | Maturity Benefit (INR) |
| Guaranteed Maturity | 1,287,500 | 1,287,500 | 20 | 10 | Rs. 22,72,489 paid as a lump sum at Maturity |
| Guaranteed Income | 1,287,500 | 1,541,484 | 13 | 12 | Guaranteed Income^ of Rs. 2,15,270 p.a. from 14th year to 25th year (payout period of 12 years) |
| Long Term Income | 1,287,500 | 1,287,500 | 11 | 10 | Guaranteed Income^ of Rs. 1,00,682 p.a. from 12th year to 36th year (payout period of 25 years) + Rs. 10,30,000 at the end of payout period(36th year) |
| Life Long Income | 1,081,500 | 1,081,500 | 11 | 10 | Guaranteed Income^ of Rs. 93,730 p.a. from 12th year till age 99 years (38 years) + Rs. 10,30,000 at the end of payout period |
^Guaranteed Income Amount payable in arrears on annual frequency during the payout period (After the policy term).
*Please refer to the Benefit Illustration for year wise Death Benefit.
A. The premiums are excluding applicable taxes & levies. B. This snapshot of illustration is only for HDFC Life Sanchay Plus Plan for a healthy male life. C. The values shown are for illustrative purpose only. For detailed illustration, please speak to our Financial Consultant/Broker. Please refer to the product brochure for details on benefits and conditions.
The Benefits shown in the sample illustration are For Policies Bought Online.
