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HDFC Life Sanchay Plus Insurance

HDFC Life Sanchay Plus Insurance

Your search for the savings insurance plan ends here! Introducing “HDFC Life Sanchay Plus”, a non-participating, non-linked, savings insurance plan that offers guaranteed returns whilst safeguarding your family's future against the unforeseen events. It enables systematic savings and provides assured regular income so that you can fulfill your family’s dreams and commitments with ease.

HDFC Life insurance review

Distribution - Number of branches pan India (March 2019)
412

Entry Age Minimum/Maximum (Years) - Term Plans
18/65

Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited

Policy Term Minimum / Maximum (Years) - Terms Plans
5/67

Solvency Ratio (FY 2018-19) *
1.88

Number of Policies Sold (Ind+Group) *
897,693

Number of Lives Covered (Ind+Group) **
61,258,962

Claims Settlement Ratio (Ind+Group) ***
99.29%

* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20 | *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Plan variants

Guaranteed Maturity

This is a non participating limited paying savings insurance plan wherein you get guaranteed maturity benefits as lump sum. This plan emphasizes on guaranteed benefits along with flexibility to choose your payment term

Guaranteed Income

This is a non participating, limited paying, savings insurance plan wherein you get maturity benefits as a guaranteed income for fixed term of 10 or 12 years. This plan emphasizes on guaranteed benefits along with flexibility to choose your payment term.

Life Long Income

This is a non participating limited paying savings insurance plan wherein you get maturity benefits as a guaranteed income up to age 99 years and return of premium at the end of payout period. This plan emphasizes on guaranteed benefits along with flexibility to choose your payment term

Long Term Income

This is a non participating limited paying savings insurance plan wherein you get maturity benefits as a guaranteed income for fixed term of 25 or 30 years and return of premium at the end of payout period. This plan emphasizes on guaranteed benefits along with flexibility to choose your payment term.

Eligibility Criteria	Plan Option	Minimum	Maximum
Entry age	Guaranteed Income	5¹	60
	Guaranteed Maturity	5¹	60
	Life Long Income	50	60
	Long Term Income	5¹	60
Maturity age	Guaranteed Income	18	73
	Guaranteed Maturity	18	80
	Life Long Income	56	73
	Long Term Income	18	73
Minimum Installment Premium	All Options	Annual: INR 30,000 Half Yearly: INR 15,000 Quarterly: INR 7,500 Monthly: INR 2,500
Maximum Installment Premium	All Options	Maximum premium is subject to maximum Sum Assured on Death of 25,00,000. The acceptance of any case is subject to Board approved underwriting policy.
Ridersm	All Options	None

All ages mentioned above are age last birthday.
The minimum premium amounts are exclusive of taxes and levies as applicable
1. Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest on the Life Assured on attainment of age 18 years

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025