HDFC Life – Sanchay Plus Plan with guaranteed maturity benefits and life cover starting from Rs. 2,500*/month
Key features
Key features and benefits of this policy
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Choose from a lump sum or regular income
Guaranteed benefits can be claimed either as lump sum at maturity or as regular income option.
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Choose from four plan options
Avail of any of the options based on your payout preference – Guaranteed Maturity, Guaranteed Income, Lifelong Income and Long-term Income.
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Guaranteed income for life
This policy gives the option to get a guaranteed income until the age of 99 years.
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Guaranteed payout for a fixed term
Get an option to enjoy guaranteed income for a fixed term of 10 to 12 or 25 to 30 years.
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Free look period
Get the freedom to return the policy within 15 days from the date of receipt if you are not satisfied with the policy terms and conditions.
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Tax benefits on premiums paid
Get tax benefits on the premium paid towards this policy, as per specified tax laws.
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Option for additional riders
Enhance your protection coverage with riders for critical illness, accidental disability, and more by paying an additional premium.
Eligibility criteria and documents required
Anyone can apply for the HDFC Life Sanchay Plus Plan as long as they meet some basic criteria mentioned below. If they meet the eligibility criteria, we will need a set of documents to complete the application process.
Eligibility criteria
- Nationality: Indian
- Age (Guaranteed Income Option): 5 years to 60 years
- Age (Guaranteed Maturity Option): 5 years to 60 years
- Age (Lifelong Income Option): 5 years to 60 years
- Age (Long Term Income Option): 5 years to 60 years
Documents required
- Photograph of the proposer
- Age proof, such as PAN card, Passport, Voter’s ID, Birth Certificate.
- Address proof, such as telephone bill, electricity bill, Aadhar card, etc.
- Identity proof such as Aadhar card, Passport, PAN card, etc.
- Income proof such as Form-16, salary slips, employment certificate, etc.
Step-by-step guide to buy this policy
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Step 1
Click on ‘Get Quote’ to open our online application form.
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Step 2
Enter the required details – amount you want to invest, name, date of birth, and contact number.
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Step 3
Choose your preferred plan from the list of products shown by clicking ‘Buy Now’.
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Step 4
Our representative will call you back and explain the products available for you to take an informed decision.
Policy details
Here’s a quick look at the policy details of HDFC Life Sanchay Plus Plan:
- Guaranteed Maturity
- Guaranteed Income
- Long-term Income
| Policy details | Description |
|---|---|
| Policy type | Individual |
| Minimum premium (in Rs.) | 2,500*/month |
| Maximum coverage (in Rs.) | 10.5 lakh |
| Policy term | 10, 12, and 20 years |
| Plan option | Guaranteed maturity benefit payable as a lump sum at the end of the policy term |
| Minimum age at maturity | 18 years |
| Minimum age at maturity | 80 years |
| Policy details | Description |
|---|---|
| Policy type | Individual |
| Minimum premium (in Rs.) | 2,500*/month |
| Maximum coverage (in Rs.) | 10.5 lakh |
| Policy term | 10, 12, and 20 years |
| Minimum age at maturity | 18 years |
| Minimum age at maturity | 75 years |
| Policy details | Description |
|---|---|
| Policy type | Individual |
| Minimum premium (in Rs.) | 2,500*/month |
| Maximum coverage (in Rs.) | 10.5 lakh |
| Policy term | 10, 12, and 20 years |
| Plan option | Guaranteed regular income for a long term of 25 or 30 years, plus the return of premium at the end of the payout period |
| Minimum age at maturity | 18 years |
| Minimum age at maturity | 71 years |
Key inclusions and exclusions
Here’s a quick look at the inclusions and exclusions under HDFC Life Sanchay Plus Plan:
- Key inclusions
- Key exclusions
| Key inclusions | Description |
|---|---|
| Guaranteed maturity | The benefit payable as a lump sum at the end of the policy term |
| Guaranteed income | Guaranteed regular income for a fixed term of 10 to 12 years or 25 to 30 years |
| Add-on options | Supplement your policy with riders for critical illness, accidental disability, or death |
| Key exclusions | Description |
|---|---|
| Suicide | The nominee shall be entitled to at least 80% of the total premium paid or the surrender value, whichever is higher |
Product information
For complete details on product benefits, features, terms and exclusions, please read the product brochure and policy wordings carefully before buying a policy.
How to claim
Follow these steps to raise claim requests for HDFC Life Sanchay Plus Plan.
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Step 1 - Register your claim request
Register the claim request with the insurer through their website, e-mail or by calling their claim assistance contact number.
1. Contact No: 1860 267 9999
2. Email at: service@hdfclife.com -
Step 2 - Submit the required documents
Submit the necessary documents along with the duly filled claim form online or to the nearest branch of the insurer.
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Step 3 - Claim settlement
The claim request will be assessed, and the status will be informed to the claim initiator via e-mail and SMS. It can also be checked online on the insurer’s website.
Documents required for raising a death claim request
Here is the list of documents you need to raise a claim for HDFC Life Sanchay Plus Plan.
- Original policy documents
- Attested copy of death certificate issued by local municipal authority
- Death claim intimation form
- NEFT mandate form attested by bank authorities or copy of cancelled cheque or bank account passbook
- Nominee's photo identity and address proof such as copy of passport, voter identity card, aadhar (UID) card, etc.
- FIR copy or post-mortem report in case of an accidental/unnatural death
Documents required for raising a critical illness claim request
Here is the list of documents you need to raise a critical illness claim for HDFC Life Sanchay Plus Plan.
- Attested copies of medical records/ indoor papers of the hospital
- Critical illness claim form
- Hospital discharge summary
- Hospital bills
- NEFT mandate form attested by bank authorities or copy of cancelled cheque or bank account passbook
- Claimant's photo identity & address proof such as copy of Passport, Voter identity card, Aadhar (UID) card, etc.
Frequently asked questions
Here are four plan options available under HDFC Life Sanchay Plus Plan:
1. Guaranteed Maturity: This option offers a guaranteed maturity benefit payable as a lump sum at the end of the policy term.
2. Guaranteed Income: This option offers a guaranteed regular income for a fixed term of 10 or 12 years.
3. Life LongLifelong Income: This option offers guaranteed regular income up to age 99 years plus a return of premium at the end of the Payout Period.
4. Long Term Income: This option offers guaranteed regular income for a long term of 25 or 30 years plus a return of premium at the end of the payout period.
The Premium(s) can be paid annually, half-yearly, quarterly, and monthly
The policy will acquire a Guaranteed Surrender Value (GSV) upon the payment of at least the first two years’ Premium(s).
The Policyholder can avail of Loan under the policy provided the policy has acquired a Surrender value and is subject to terms and conditions as the Company may specify from time to time.
In case of the death of the insured during the policy term, the death benefit will be equal to the sum assured on death plus accrued guaranteed additions and shall be payable to the nominee.
Sum assured on death is the highest of:
1. 10 times the annualised premium, or
2. 105% of Total premium(s) paid, or
3. Guaranteed sum assured on maturity, or
4. an absolute amount assured to be paid on death, which is equal to the sum assured.
Sum Assured will be determined based on your entry age and the annualised premium you commit to paying in a policy year.
After the payment of the death benefit, the policy will terminate, and no further benefits will be payable.
