• Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

Life Insurance Saving Schemes by HDFC Life

If you are planning to purchase the best savings schemes with the added advantage of a life cover, savings plans from HDFC Life are suitable options. Here is a closer look at some of the best savings plans from the HDFC Life.

GET A FREE QUOTE

We respect our customers' privacy and do not spam them.

I authorize HDFC Life and its representatives to contact me through Call, Email, SMS or WhatsApp. This consent overrides my registration under DNC / NDNC (this would mean we would contact you even if you are registered on any Do Not Disturb list).

Features and Benefits of HDFC Life Sanchay Par Advantage

Secure Your Future with These Life Insurance Saving Schemes by HDFC Life

Secure Your Future with These Life Insurance Saving Schemes by HDFC Life
June 19, 2023

 

You may have many financial goals on your checklist, like fulfilling your long-term goals, saving up for your family’s major milestones and protecting your loved ones financially in case something untoward happens to you. A savings plan can help you accomplish all these goals easily.

What is a Savings Plan?

A savings plan is a type of life insurance policy that gives you the double advantage of a life cover as well as guaranteed long-term savings. When you purchase this kind of policy, you will have to pay premiums to your life insurance provider during the policy term. Some of the best savings plans also offer the option of paying premiums for a limited period instead.

In return, the insurer offers you the benefit of a life cover, so your loved ones are financially protected in case of your demise during the policy term. Additionally, you also get the advantage of maturity benefits if you survive the policy term. You can then use the maturity benefit payout to meet various long-term life goals like purchasing or renovating your home, paying for your children’s education or wedding, or growing your retirement fund.

The Best Savings Plans with a Life Cover from HDFC Life

If you are planning to purchase savings schemes with the added advantage of a life cover, savings plans from HDFC Life may be suitable options. Here is a closer look at some of the best savings plans from the insurance provider.

HDFC Life Sanchay Plus Plan1

This is a non-participating, non-linked savings plan that protects your family’s future with assured benefits. The key highlights of the HDFC Life Sanchay plus Plan are:

  • Guaranteed* sum assured in case of the policyholder’s demise
  • Guaranteed maturity benefits in the form of a lump sum payout or regular income
  • Option to receive assured income payouts for 10, 12, 25 or 30 years
  • Option to receive guaranteed* lifelong income till 99 years of age
  • Enhanced protection with optional riders upon payment of the additional rider** premium

HDFC Life Guaranteed Income Insurance Plan2

This is a non-linked, non-participating individual savings plan that gives you the benefit of an assured second income. The key highlights of the HDFC Life Guaranteed Income Insurance Plan are:

  • Assured income at the rate of 11% to 13% per annum
  • Limited premium payment terms
  • Guaranteed long-term income with tax savings as per the existing tax laws
  • Guaranteed lump sum payout on maturity with tax savings as per the existing tax laws
  • Guaranteed death benefit even if the policyholder’s demise occurs during the income payout period

HDFC Life Sanchay Par Advantage3

The HDFC Life Sanchay Par Advantage is a non-linked, participating life insurance savings plan that you can customize to match your spending needs. The key highlights of this policy are:

  • Option to choose a whole life cover that offers protection up to the age of 100 years
  • Choice of immediate or deferred income payouts
  • Flexibility to allow the survival benefits to accrue and accumulate
  • Choice of different payout periods based on your financial goals
  • Assured death benefit payouts

HDFC Life Saral Jeevan4

The HDFC Life Saral Jeevan Plan is a non-linked, non-participating life insurance savings plan, with the following key highlights:

  • Option to receive maturity benefits as a lump sum payout or as regular income
  • Guaranteed life cover
  • Limited premium payment terms ranging from 5 to 11 years
  • Option to receive regular income on a monthly or annual basis

Conclusion

Now that you know the key features of some of the best savings plans from HDFC Life, you can make a more informed purchase decision. Before you choose and purchase a savings plan, always remember to read the features and the terms and conditions thoroughly, so you can be aware of all the benefits you are eligible for. This will help you plan for your financial goals smartly.

ARN: ED/05/23/2163

Talk to an Advisor right away

Not sure which insurance to buy?

Talk to an
Advisor right away

Talk to an Advisor right away

We help you to choose best insurance plan based on your needs

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.

LinkedIn profile

Author Profile Written By:
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.

LinkedIn profile

Reviewed By Reviewed By:
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

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.

1. HDFC Life Sanchay Plus (UIN:101N134V22) is a non-participating, non-linked savings insurance plan.

2. HDFC Life Guaranteed Income Insurance Plan UIN: (101N146V04). A Non-Linked Non-Participating Individual Life Insurance Savings Plan.

3. HDFC Life Sanchay Par Advantage (UIN: 101N136V03), is a Non-Linked Participating Life Insurance Plan. Life Insurance Coverage is available in this product.

4. HDFC Life Saral Jeevan UIN: 101N160V03. Non-Linked Non-Participating Individual Life cum Savings Insurance Plan. Life Insurance Coverage is available in this product.

* Provided all due premiums have been paid and the policy is in force

** For all details on Riders, kindly refer to the Rider Brochures available on our website