Dear Readers, toady we are here with the HDFC Life Sanchay Par Advantage Brochure PDF for you. As we all know that Life is uncertain but there must be an indispensable flow of income which will take care of loved ones in the family after unfortunate death. This is a life insurance solution which allows you to live an uncompromised life, securing the future of your family and, ensuring you leave behind a legacy for them. The key features of this plan are:
- Whole life cover
- Immediate income option for your various needs
- Enjoy enhanced benefits for policies with Annual Premium of ₹ 1 lakh and above2
- Accumulate survival benefits
- Choose payout period based on your various milestones and financial goals.
- Once the policy has acquired a Surrender Value, you can take a policy loan up to maximum 80% of the surrender value of your policy, subject to the applicable
terms and conditions
HDFC Life Sanchay Par Advantage Brochure PDF
HDFC Life Sanchay Par Advantage is a participating life insurance plan that provides an option to avail cover for whole of life (till the age 100 years). The plan provides a holistic solution for you to generate a regular income and to build a corpus to achieve the planned goals and secure your loved one’s future.
Exclusion: In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee
or beneficiary of the policyholder shall be entitled to at least 80% of the total premiums paid till the date of death or the surrender value available as on the date of death
whichever is higher, provided the policy is in force.
(a) Maturity benefits:
Immediate Income:
1. Sum Assured on Maturity plus
2. Accrued Cash Bonuses, if not paid earlier plus
3. Interim Survival Benefit, if any plus
4. Terminal Bonus, (if declared)
Deferred Income:
1. Sum Assured on Maturity plus
2. Accrued Guaranteed Income and Cash Bonuses (if declared), if not paid earlier plus
3. Interim Survival Benefit(if any) plus
4. Terminal Bonus, if declared
On payment of the Maturity Benefit, the policy will terminate and no more benefits will be payable
(b) Death Benefits:
The death benefit shall be equal to
– Sum Assured on Death plus
– Accrued cash bonuses and guaranteed income (if applicable) if not paid earlier plus
– Interim Survival Benefit (if any) plus
– Terminal bonus (if declared)
The minimum death benefit shall be 105% of Total Premiums Paid as on date of death
Sum Assured on Death is an absolute amount of benefit which is guaranteed to become payable on death of the life assured. It is the highest of the:
– 10 times the Annualized Premium
– Sum Assured on Maturity
– Death Multiple x AP
On payment of Death Benefit during the policy term, the policy will terminate and no future payouts will be payable
To download the HDFC Life Sanchay Par Advantage Brochure PDF, press the Download button given at the bottom of the page.