Hdfc Sanchay Legacy Plan
HDFC Life Insurance Company
Our Verdict
HDFC Life Sanchay Legacy is ideal for individuals seeking lifelong financial security and wealth creation. It offers guaranteed income, legacy planning, and multiple rider options but lacks market-linked growth. Best for long-term planners prioritizing stability and protection.
About the Plan
HDFC Life Sanchay Legacy is a non-linked, non-participating whole life insurance plan designed to provide long-term financial security. It offers guaranteed lifelong income and a lump sum payout to secure your family's future. The plan provides flexible premium payment options and ensures regular cash benefits starting from the policy’s payout phase. Additionally, it includes death and maturity benefits, ensuring wealth creation and legacy planning. With high sum assured rebates and tax benefits, it is ideal for financial stability across generations.
About the Plan
Eligibility
• Entry Age :
30 days to 65 years
• Maximum Maturity Age :
100 years
• Policy Term :
Whole Life (100 - Entry Age)
• Minimum Sum Assured :
₹10,00,000
• Premium Payment Term :
Single Pay, Limited Pay (5, 6, 8, 10, or 12 years)
• Premium Payment Frequency :
Annual, Half-Yearly, Quarterly, Monthly
• Citizenship :
Indian residents and NRIs (subject to underwriting)
Eligibility
Features of the Product
Acceleration of Death Benefit
100% of Death Benefit shall be paid on being diagnosed on first occurrence of any of the 19 Critical Illnesses covered. This benefit is available only after the end of the 10th policy year or PPT, whichever is later.
Premium Payment Customizations
HDFC Life provides flexible premium payment options for their Sanchay Legacy Plan, allowing policyholders to choose from annual, half-yearly, quarterly, or monthly payment frequencies based on their preference.
Exclusions
Suicide within 12 months refunds premiums instead of full benefits.
Pre-existing diseases diagnosed within 36 months are not covered.
Illnesses from alcohol or drug use are not covered.
Self-inflicted injuries, including suicide attempts, are not covered.
War-related illnesses and injuries are not covered.
Hazardous sports or activities leading to illness are not covered.
Criminal activities resulting in illness or injury are excluded.
Nuclear contamination and biological weapons-related illnesses are excluded.
Cosmetic surgery-related conditions, unless necessary, are not covered.
Maternity complications unrelated to critical illness are not covered.
Exclusions
HDFC Life Accidental Death Disability and Dismemberment Benefit Rider - HDFC Life offers a separate rider that you can add to your Sanchay Legacy plan (or other eligible base plans). This rider provides coverage for accidental death, as well as disability and dismemberment due to an accident.
Waiver of Premium on Critical Illness (Optional Rider) - If you're diagnosed with any of the 60 critical illnesses covered by this rider, all future premiums for the base plan will be waived.
HDFC Life Income Benefit on Accidental Disability Rider - Provides a monthly payout of 1% of the Rider Sum Assured for 10 years upon Accidental Total Permanent Disability.
HDFC Life Critical Illness Plus Rider - Offers a lump sum equal to the Rider Sum Assured upon diagnosis of any of the 19 specified critical illnesses.
HDFC Life Protect Plus Rider - Pays a benefit proportionate to the Rider Sum Assured in cases of accidental death, partial/total disability due to an accident, or diagnosis of cancer, based on the chosen option.
HDFC Life Health Plus Rider - Provides a lump sum benefit upon diagnosis of any of the covered 60 critical illnesses or a proportionate benefit for early-stage or major cancer, depending on the selected option.
Add-ons
If you are a woman
Female policyholders may receive reduced premium rates compared to male policyholders of the same age.
Customizable Payouts – Flexibility to choose income payout options, ideal for women planning financial independence or securing their family's future.
If you smoke
HDFC Life may offer lower premium rates to non-smokers for the same level of coverage. This can result in significant cost savings over the policy term.
Note :
Grace period : If the policyholder dies by suicide within 12 months from the policy's start or revival, the nominee receives at least 80% of total premiums paid or the surrender value, whichever is higher.
Free look up period : The free look period for HDFC Life Sanchay Legacy allows policyholders to review the terms and return the policy within 15 days (30 days for distance marketing) if unsatisfied, ensuring a full refund.
Suicide Clause: If the policyholder dies by suicide within 12 months from the policy's start or revival, the nominee receives at least 80% of total premiums paid or the surrender value, whichever is higher.
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About the Company
HDFC Life Insurance is one of India’s most trusted private life insurance companies, established in 2000 as a partnership between HDFC Ltd. and Abrdn (formerly Standard Life Aberdeen). Headquartered in Mumbai, it offers a wide variety of insurance products, including term plans, retirement solutions, child education plans, savings and investment plans, health insurance, and ULIPs (Unit Linked Insurance Plans). HDFC Life’s plans provide both financial protection and wealth-building opportunities, helping individuals and families secure their future. Known for its high claim settlement ratio and digital-first services, the company focuses on simplicity, flexibility, and affordability.