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May 02, 2019
In this world of financial inclusion and random options, there are various credible options that must be utilized for ensuring the financial benefits of your loved ones at all times, even in your absence. The importance of ensuring a credible channel for financial growth cannot be understated in any manner. After all, upon these channels depend the chances of ensuring a happy and stress-free life for your family. This is where the importance of having a benefit plan that offers guaranteed benefits and assured returns over a period of time comes in.
 

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.
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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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