HDFC Life Sanchay Plus Plan

HDFC Life Sanchay Plus Plan is a non-participating, non-linked traditional saving plan, which provides guaranteed returns to the insured and their family members. This plan gives financial security to manage the major milestones in life like marriage, parenthood, retirement etc. The plan offers financial protection during unforeseen events with assured offers and benefits.

Key Features And Benefits

Here are the key features covered under the HDFC Life Sanchay Plus Plan:

• 

  Flexibility

  When the insured under the HDFC Life Sanchay Plus policy claims for guaranteed benefit, they get the flexibility to use it in either form of lump sum amount or as a regular income.

• 

  Lifelong income option

  This policy gives the policyholder to enjoy guaranteed income until the age of 99 years.

• 

  Long-term income option

  This policy provides the long-term income option under which the insured can get guaranteed income for a fixed term of 25 to 30 years.

• 

  Additional riders

  The policyholder can also enjoy additional riders’ options like critical illness plus and income benefit on accidental disability by paying an additional premium amount. These riders are offered as supplement to the main plan benefits.

• 

  Free look period

  The policyholder can return the policy within 15 days from the date of receipt of the policy, if they are not satisfied with the policy terms and conditions.

• 

  Tax benefit

  You can get tax benefit on the premium paid towards this policy under section 80C of the Income Tax Act, 1961.

Here’s a look at the details covered under HDFC Life Sanchay Plus Plan:

HDFC Life Sanchay Plus Plan
Insurer name	HDFC Life Insurance Company Limited
Policy type	Individual
Policy term	10, 12 and 20 years
Plan options	• Guaranteed maturity: Guaranteed maturity benefit payable as a lump sum at the end of the policy term. • Guaranteed income: Guaranteed regular income for a fixed term of 10 or 12 years. • Lifelong income: Guaranteed regular income up to age 99 years, plus the return of premium at the end of the pay-out period. • Long-term income: Guaranteed regular income for a long term of 25 or 30 years, plus the return of premium at the end of the pay-out period.

The plans are available starting from Rs. 2,500 including taxes and offer a maximum coverage of Rs. 10.5 lakh.

The eligibility criteria for the HDFC Life Sanchay Plus Insurance Plan are as follows:

Plan option	Minimum entry age (in years)	Maximum entry age (in years)
Guaranteed income Guaranteed maturity Lifelong income Long-term income	5 5 50 5	60 60 60 60
Guaranteed income Guaranteed maturity Lifelong income Long-term Income	18 18 18 18	75 80 71 71

Here are the steps to purchase the policy:

• To apply for HDFC Life Sanchay Plus Insurance Plan, click on the ‘Apply Now’ button and fill in your basic and health details. The insurer’s representative will get in touch with you to provide further assistance.
• Ensure that the information given in the form is complete and accurate.
• You may be required to undergo a pre-policy medical examination at one of the insurer’s network diagnostic centres.
• Policy schedule, policy wordings, cashless cards and health guide will be sent to your mailing address.

Here’s the list of documents required to purchase the policy:

• Photograph of the applicant(s)
• Age proof such as birth certificate, voter’s ID, PAN card, passport etc.
• Identity proof such as passport, Aadhaar card, PAN card, voter’s ID etc.
• Income proof such as Form 16, salary slips, employment certificate etc.
• Address proof such as telephone bill, electricity bill, passport, bank statement, voter’s ID etc.
• Medical tests that the insurer requires you to undergo

Here’s how you can process the claim:

Cashless claims

The insured can avail the benefit of cashless treatment at any of the insurer’s network hospitals across the country. Here are the documents required for processing cashless claims:

• First, search for an HDFC network hospital in the city where you want to get cashless treatment.
• Intimate the insurer within 48 hours (emergency hospitalisation) and 3 days before admission in case of planned hospitalisation.
• While visiting the hospital, carry the patient’s insurance cashless card or the policy details.
• Show the health insurance cashless card and valid ID proof at the insurance desk of the hospital.
• Fill in the pre-authorisation request form correctly, which will be available at the hospital and submit it to the hospital.
• For quicker action, fill the request form on the official website and intimate the insurer.
• The insurer may take up to 2 hours after receiving the request and will inform about the decision via an e-mail and an SMS.
• The insured can also check the status online on https://www.hdfclife.com/.The claim will be processed as per the terms and conditions of the policy after all the formalities are completed.

Reimbursement claims

Here are the documents needed to process reimbursement claim

• In case of an emergency admission, you need to notify the insurer within 48 hours and pay the charges to the hospital directly unless a pre-authorisation has been issued by the insurer.
• For collection and submission of claim documents, you need to send the list of the documents in original form within 15 days of discharge from the hospital. You can collect these documents from the hospital and submit them to the insurer:

1. Claim form duly filled and signed by you/insured
2. Hospitalisation discharge card/summary
3. Hospital invoice(s) (summary and itemised invoices) and corresponding payment receipts
4. Surgical summary (in case the life assured has undergone surgery).
5. All supporting diagnostic reports and prescriptions
6. All pharmacy receipts and corresponding prescriptions
7. Ambulance invoice if applicable

You will also need to submit self-attested copies of the following documents:

1. Health card or policy document
2. ID proof (PAN card, Aadhar card, passport, driving license, voter’s identity card, bank passbook/statement).
3. In case of cashless claims, ID proof should contain the photograph of the ID card holder.
4. It would be preferable to provide NEFT details and supporting documents (cancelled cheque/bank passbook/statement) at the time of claim registration.

• After reviewing the documents, the insurer will approve or reject the same as per the terms and policy.
• If the request is approved, the insurer will send the reimbursement amount via NEFT to your registered bank account.
• If the request is rejected, the same will be communicated to the insured’s registered contact phone number and email id.

Here’s one of the major exclusions under the policy:

• Suicide

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 premium 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.

Note: Refer to the policy brochure to know more about the exclusions.

For claim/assistance, you can contact us/insurer through one of the following ways:

BFL Helpline Number: 08698010101

HDFC Life Helpline Number: 1800-266-9777

E-mail :  wecare@bajajfinserv.in

Mailing address: Ground Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014
*For claim related issues please refer to your policy document or Certificate of Insurance (COI).