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Growing Your Family? Secure Your Little One's Future First

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Growing Your Family? Secure Your Little One’s Future First
February 23, 2023

Maya married the love of her life, Akash, a few years ago. The two of them worked hard to build a lovely financial nest egg to fall back on during difficult times. After thoroughly enjoying each other’s company for three years, they’re ready to take the next step and grow their family. Like any other parents, Maya and Akash want to do everything they possibly can to protect their little one. They wouldn't want anything to stand in the way of their child achieving their dreams. But with inflation constantly threatening their savings, they’re both worried about their baby’s financial future. To ensure their little one never has to face uncertainties, Maya and Akash purchased a Savings Plan as soon as they welcomed a beautiful baby girl. They picked HDFC Life’s Sanchay Plus.

If you’re hoping to grow your family, let’s see how a savings plan like Sanchay Plus can benefit you:

  • Build a Corpus for the Future

    Savings plans offer life coverage for the parent while providing goal-based investment opportunities for your child’s future. The investment component helps you deal with future costs, especially the potential impact inflation could have on your savings.

  • Protect Your Child’s Education

    Education inflation continues to rise at an alarming rate. The annual fees at a good school today could start at INR 2 lakhs per year, while an MBA at a top business school costs INR 25 lakhs. Considering education inflation at 10%, you can only imagine how much an MBA will cost in 20 years when your child is ready to pursue their post-graduation. The savings plan allows you to build up a corpus that you can use to finance your child’s education.

  • Safety Regardless of the Circumstances

    You never know what life has in store for you. The savings plan will protect your little one's finances if something happens to you. The payout from the policy will help fund their education, dream wedding, or start-up.

  • Income for the Future

    Depending on the plan variant you select, the policy’s maturity benefit could get paid out in a lump sum or as annual instalments for a fixed period. You can use the income to provide your child with an additional amount to invest for their future and help them if they face any financial turbulence.

  • Loan Security

    Insurance and investment plans also help you with other financial tools like loans. You can use the plan as collateral to take an education loan or personal loan to fund your child’s education and future aspirations.

    Securing your child’s future is quick and easy with insurance and savings plans like HDFC Life’s Sanchay Plus. The policy enables you to build a corpus for their future dreams, from their higher education abroad to funding their start-up idea.

    Discover more about the link between growing your family and insurance plans in HDFC Life’s new series – Missing Dulha!

ARN: ED/02/23/32308

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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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We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Disclaimer

HDFC Life Sanchay Plus (UIN:101N134V16) is a non-participating, non-linked savings insurance plan. Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions, please read sales brochure carefully before concluding a sale.

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