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Plan Option
Benefits
Life Extra Life Income Income
Plus
Lumpsum 10% of cover amount
Life Stage
Accidental Death Benefit
Monthly Income
Increasing Monthly Income
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  • HDFC Life Sanchay Par Advantage Brochure
  • HDFC Life Sanchay Plus Brochure
  • Glossary
    List
Sanjay Mishra, 35 years old male (non-smoker), is purchasing life option with lumpsum amount of 1 Crore.

Savings Pattern* as per above details:-
Policy Term Pay Premium for Total Premium paid^ Total Savings#
50 years 50 years 1454550 0 (0%)
50 years 45 years 1357245 97305 (6%)
50 years 12 years 719016 735534 (50%)
50 years 10 years 622980 831570 (57%)
50 years 5 years 544255 910295 (62%)


*For online Purchase only

^Total Premium = Annual Premium X Premium paying term, including Taxes and Levies as applicable.

#Total Savings = Total Premium paid (for regular pay) - Total Premium paid (for limited pay). The saving computed is purely in terms of premium paid over the term of the policy and does not account for time value of money & other factors that may happen during this period. It is one of the many features that the product offers and you can opt for it or other variants based on your individual needs.

Future Needs popup

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.

About HDFC Life

  • HDFC Life's Total Assets Under Management (AUM)3 crossed
    ₹ 2,90,000 Cr 4

    (For Financial Year 2023-24)
  • 6.6 crore lives Insured

    (For Financial year 2023-24)
  • We have honoured 99.5% Individual Claims!5

    (For Financial Year 2023-24)
  • 1-Day Claim Settlement

    We help you claim* what is rightfully yours with 1 Day Claim Settlement (exclusively available for policies bought online).
    * Know More

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  1. Income is available in the form of Cash Bonus (if declared)
  2. Provided all due premiums have been paid and the policy is in force
  3. AUM is the value of assets managed by a company for its customers
  4. As on 31st March 2024, AUM is Rs. 2,92,220 crore. Data is as per HDFC life Integrated Annual Report FY 2023 - 2024.
  5. Individual death claim settelement ratio by number of policies as per audited annual statistics for 2023-24.

HDFC Life Insurance Company Limited ("HDFC Life"). CIN: L65110MH2000PLC128245,IRDAI Reg. No. 101

Registered Office:Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. For purchasing a new policy, you can Email us on buyonline@hdfclife.in and call us on 1800-266-9777 (All days, from 9 am to 9pm). For in-progress applications (post payment), you can email us on onlinequery@hdfclife.in and call us on 1800-266-0315 (All days, from 10 am to 7 pm).

The name/letter 'HDFC' in the name/logo of HDFC Life Insurance Company Limited (HDFC Life) belongs to HDFC Bank Limited and is used by HDFC Life under license from HDFC Bank Limited.

HDFC Life Sanchay Par Advantage (UIN: 101N136V04), is a Non-Linked Participating Life Insurance Plan and HDFC Life Sanchay Plus (UIN:101N134V24), is a non participating, non linked, savings insurance plan offered by HDFC Life. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. ARN: EU/06/21/24279.

Terms and Conditions

This calculator is designed for combination of benefits of two or more individual and separate products named HDFC Life Sanchay Par Advantage & HDFC Life Sanchay Plus. The customer has the choice of purchasing any one or more products as per his /her need and choice and there is no compulsion whatsoever that these products are to be taken together as suggested by the insurer and presented in this proposed product combination. The customer is expected to ask questions, understand and satisfy himself that the combination meets his/her specific needs better before deciding to purchase the suggested combination. The customer is advised to refer the detailed sales brochure of respective individual products. The benefits available under the proposed product combination solution shall be as per the respective product's policy terms and conditions. The benefit of this proposed product combination solution shall become payable only if all premiums for the entire premium payment term are paid in full, as the case may be.

Tax benefits are subject to changes in the tax laws. Any statutory levy or charges (such as Tax and other levies as applicable) including any indirect tax may be charged to the Policyholder either now or in future by the Company and such amount so charged shall become due and payable and shall be subject to the same terms and conditions as applicable to payment of premium.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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Claim Settlement Ratio
(Percentage and average claim settlement time)

2023-24
99.5%
Average Claim settlement time: 2 days
2022-23
99.39%
Average Claim settlement time: 4 days
2021-22
98.66%
Average Claim settlement time: 3 days
2020-21
98.01%
Average Claim settlement time: 5 days
2019-20
99.07%
Average Claim settlement time: 4 days