HDFC Life Insurance
Claim settlement ratio 98.66% (FY 2021-22)
Critical Illness Benefit Available
Tax Benefit Amount As per prevailing tax laws
Accidental Death Benefit 100%
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Without proper financial planning it is difficult to accomplish goals in life, especially the ones with monetary obligations. So, if you are willing to safeguard the financial security of your dear ones to allow them a bright future, you must opt for the HDFC Life Sanchay Plus Plan. This is a non-participating and non-linked savings plan that serves your purpose of accomplishing goals in the best possible way.
The best feature of the Life Sanchay Plus Plan is that it allows the insured to receive guaranteed income at maturity as per the terms and conditions of the policy The Sanchay Plus Plan also allows the insured to enjoy tax benefits as per the eligibility criteria of the person under the prevailing tax laws The flexibility to avail the guaranteed benefits as a lump sum amount or as a regular income is another worthwhile feature of the Life Sanchay Plus Plan from HDFC The benefit of being able to receive guaranteed income life-long or till 99 years of age of the insured to be precise is another striking feature of the Life Sanchay Plus plan The Sanchay Plus plan allows guaranteed income option to the insured specifically for a fixed term period of 25-30 years, which allows the insured to have long term income option
The policy comes with the exclusion of suicide committed within first 12 months from the date of policy purchase. Thus, in case the policyholder commits suicide within the first year of policy purchase, the beneficiary of the plan would be entitled to only 80% of the complete premium amount paid till the time of the suicide However, the policy has to be active at that time to avail the benefits Exclusion is also there for expenses caused by injuries due to war, riot, use of nuclear weapons etc.
Policy Brochure
