HDFC SL Sanchay Plan

HDFC SL Sanchay Plan is a traditional Endowment Plan with Guaranteed Benefits thereby enhancing savings and also providing life insurance coverage

Best Investment Plans
  • Save Upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Key Features

  • It is a non-participating plan with limited  premium payment option
  • Guaranteed benefits are expressed as a % of Sum Assured and vary depending on the term chosen

Comparison Between
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
awards
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
VIEW PLANS
*For annual premium upto ₹5 Lacs

Benefits

  • Guaranteed Additions @ 8% for term 15-19 years and 9% for term 20-25 years accrues for each completed policy year
  • On maturity, the basic SA along with the aggregate Guaranteed Additions is paid
  • On death of the policyholder , higher of the basic SA or 10 times the annual premiums or 105% of premiums paid is payable + accrued Guaranteed Additions
  • Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

30 days

45 years

Maturity Age (Last Birthday)

18 years

70 years

Policy Term (PT) in years

15

25

Premium Paying Term (PPT) in years

5, 8 or 10

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium

30,000

No limit

Sum Assured

112,953

No limit

People also read: HDFC Life Midcap Momentum NFO

Details About Premium

Annual premium in Rupees for a term of 15 years

Sum Assured / Age

PPT = 5 years

PPT = 8 years

PPT = 10 years

35 years

45 years

35 years

45 years

35 years

45 years

100,000

24,625

25,092

16,400

16,679

13,677

13,892

200,000

49,250

50,184

32,800

33,358

27,354

27,784

5,00,000

123,125

125,460

82,000

83,395

68,385

69,460

Policy Details

Grace Period: 15 days’ grace period is allowed for premium payment in monthly modes and 30 days for other modes. If policyholder fails to make payment within the grace period, the policy lapses

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 2 or 3 full years’ premiums has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.

GSV = GSV Factor * cumulative annual premiums paid including the GSV of Guaranteed Additions

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

People Also Read: HDFC Life Flexi Cap Fund NFO

Additional Features or Riders

  • Extra premium rates are charged for smokers
  • The total Maturity Value including Guaranteed Additions can go to as high as 325% of the Sum Assured

Inclusions

  • Loan is available to the maximum of 80% of the Surrender Value

Exclusions

  • In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

You May like to Read: hdfc life sanchay plus plan

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Investment Plan
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Average Rating
(Based on 0 Reviews)
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
SBI NRI Account

07 Feb 2024

The State Bank of India (SBI) NRI account is designed for
Read more
How Thanks giving and Black Friday Affect The Indian Stock Market?

23 Nov 2023

Black Friday and Thanksgiving mark the beginning of the holiday
Read more
Axis Bank NRI Account

11 Oct 2023

The Axis Bank NRI Account is a gateway to seamless banking
Read more
ICICI Bank NRI Account

09 Oct 2023

The ICICI NRI Account is a specialized banking solution designed
Read more
Long - Term Income Plans

11 Sep 2023

Long-Term Income Plans are strategic financial products that
Read more
20 Best Investment Options in India in 2024
There are many financial products available in the market with different investment objectives. Choosing the best
Read more
Best NRE Savings Accounts for NRIs in 2024
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in
Read more
Short Term Investments Options
Short-term investments are financial assets that can be easily converted to cash within a short period, typically
Read more
How to Change Mobile Number in Post Office Account Online?
Indian Post Payment Bank (IPPB) is the banking division of the Department of Post (Ministry of Communications)
Read more
Post Office Monthly Income Scheme - MIS Interest Rate 2024
The Post Office Monthly Income Scheme is a secure and popular investment option in India, backed by the
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL