Guaranteed plan is a popular option that offers capital protection where the policyholder can choose to receive the payout as a lump sum or regular income for a specified period. The returns from these policies are around 5-6 per cent, which gets fixed at the time of buying the policy and remains the same throughout the policy tenure, leaving no room for any unpleasant surprises. But, with such a wide range of insurance offers, it is easy to decide which product to choose.
To make it easier for you to decide,
HDFC Life’s Sanchay Plus
A non-participating, non-linked savings insurance plan is one of the best plans in the market that guarantees both income and insurance that offers guaranteed benefit payouts for different tenures. For example, the Long Term Income option will give you guaranteed income for a fixed tenure of 35 years with a premium paying term of just 5 years.
whereas
Insurance
Plans help you build a legacy, income options give you space to plan for important stages of your life like child’s education, marriage etc. In short, it guarantees a secure future for the family and helps you shape a legacy for them. , Sounds too good to be true? Let us understand in detail what is this insurance
The plan is ready for you:
- Life cover to protect the future of the family
Given the uncertainty in urban life, it is impossible to ignore life insurance in the present times. If you get HDFC Life Sanchay Plus, you have got this basic requirement covered.
- Stable retirement income with lifetime income option
Depending on your life goals and preferences, you can avail one of these three income options: Guaranteed Income Option, Long Term Income Option and Lifetime Income Option. Lifetime income option for customers in the age group of 50-60 years with guaranteed income till the age of 99 years. You receive 100% of your annual premium every year and you get a lump sum payment of the total premium paid with the final layout.
- long term income option
This option provides the benefit of guaranteed income (105% of the annual premium) for a fixed term of 25 or 30 years and return of premium at the end of the payment term on payment of all due premiums and survival of the policy term to the Life Assured. provides benefits. ,
- Guaranteed income for a fixed tenure of 10, 12, 25, 30 years or lifelong
It is a guaranteed income for a fixed period of 10-12 years on payment of all due premiums and survival of the Life Assured during the term of the policy. You receive double the annual income you pay for the next 10 years. At any time during the payment term, you will have the option to receive future income as a lump sum, which will be the present value of future payments, discounted at a rate calculated using the prevailing interest rates. It is best to meet the necessities of life, ensure an advanced lifestyle and also acts as a secondary source of income.
- Return of the total premium paid at the end of the payout period
This is applicable for lifelong and long term income options where the return of the total premium at the end of the payout term is guaranteed.
- guaranteed benefit payout
In case of death of the Life Assured during the policy term, the benefit is paid to the nominee. In case of death of the Life Assured during the payout term, the nominee continues to receive the guaranteed payout as per the plan option chosen. Provided that all due premiums have been paid and the policy is still in force. To know more about each plan, click Here,
- Tax benefits as per prevailing tax laws
Tax benefits are subject to the provisions of the Income Tax Act, 1961. Tax laws are subject to change.
The thing to always remember before opting for a guaranteed plan is to first be clear about your basic objective of buying an insurance cover, and then look for one that will not only protect your family in the long run But also help in fulfilling their needs. Regular basis. In a life without guarantees, it is time to prepare yourself and your loved ones for the future with assured benefits. Click
Here
To know more about HDFC Life Sanchay Plus.