HDFC Life Sanchay Par Advantage Plan events, know details Publish Date:Mon, 12 Dec 2022 12:04 PM (IST)Author: Siddharth Priyadarshi HDFC Life Sanchay Par Advantage is one such beneficial plan. This is one such plan which will surely help you in achieving your life goals and create a better future for yourself.
New Delhi, Brand Desk. At every turn of life, a person walks with a different goal and according to every situation, that goal also changes. As teenagers, we don't think much about the future or long term goals, but as we age, we become conscious of our stable future and start planning. Here it is a good idea to invest in a flexible and secure plan as early as possible. The advantage of investing early is that you will get higher returns and you will not have to pay higher premiums when it comes to life insurance. As far as financial goals are concerned, most of us do not plan for the long term and the benefits that come from it. Instead we believe in short term planning. But we have to pay attention to the fact that if we do not plan for the future of ourselves and our family, then this thing will affect our financial condition in the coming times. So if you are planning for the future, be it for a short-term vacation or buying a new car or a new house, you must keep some profitable plans in your mind for good returns.
It would be wise for you to first invest your money in an insurance plan. This plan should be such that it meets your short term needs, as well as secures your future in the long term. HDFC Life Sanchay Par Advantage is one such beneficial plan. This is one such plan, which will definitely help you achieve your life goals and create a better future for yourself.
Benefits of HDFC Life Sanchay Par Advantage Plan
During the pandemic, people were confined to their homes for long periods of time. Now we are back to normalcy. But the rising prices of almost everything can be a major concern, if you haven't planned for it in advance, and here we have to thank HDFC Life Sanchay Par Advantage Plan, which offers short-term financial benefits like traveling and buying a favorite car. Helps in completing the goal. Choosing HDFC Life Sanchay Par Advantage plan with flexible payouts and life cover will set you up for your better future without compromising on anything in life.
This plan is a mix of life insurance with immediate income options for your varied needs. It tailors your savings plan to meet your expenses and financial needs in the short term and long term. Let us know how HDFC Life Sanchay Par Advantage Plan helps you secure your goals in the short term and long term.
instant income option
Survival Benefit: The policyholder will be eligible to receive Cash Bonus (if declared) at the end of each policy year and payable from the first policy year till death or end of the policy term, whichever is earlier.
Maturity Benefit: If all the premiums have been paid, the policyholder will be eligible for the Sum Assured on Maturity and accrued cash bonuses if not paid earlier. Along with this, interim survival benefit will also be available if any plus and terminal bonus has been declared.
Death Benefit: On death of the life assured during the policy term, provided all due premiums have been paid, death benefit equal to Sum Assured on death plus accrued cash bonus if not paid earlier, interim survival benefit and Terminal Bonus (if declared) shall be payable to the nominee in lumpsum.
The minimum death benefit will be 105% of the total premiums paid after the declared date of death. On payment of the Death Benefit, the policy terminates and no further benefits are payable.
Deferred income option
Survival Benefit: The policyholder will start receiving Guaranteed Income and Discretionary Cash Bonus (if declared) in arrears one year after the end of the premium payment term.
Maturity Benefit: For a policy where all due premiums have been paid, Maturity Benefit is the Sum Assured on Maturity plus Guaranteed Income earned plus Cash Bonus (if declared) if not paid earlier, plus Only interim survival benefit (if any) and terminal bonus, if declared, will be payable.
Death Benefit: On death of the Life Assured during the policy term, provided all due premiums have been paid, Death Benefit equal to the Sum Assured on Death, accrued Cash Bonuses and Guaranteed Income (if not paid earlier ) and Interim Survival Benefit (if any) and Terminal Bonus (if declared) shall be payable in lumpsum to the nominee.
The minimum death benefit will be 105% of the total premiums paid after the declared date of death. This Sum Assured on Death is the full amount of benefit that is guaranteed to be paid on the death of the life assured.
At present, the economy is passing through an uncertain phase and continuing inflation can affect your financial condition, it is therefore important to invest in a plan like HDFC Life Sanchay Par Advantage. It will surely give you a strong position in the present and give you a sure and better future. So if you are looking for a plan that will provide you regular income in a systematic manner and at the same time plan for your future, then you must take a look at HDFC Life Sanchay Par Advantage.
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