What is HDFC Life Sanchay Par Advantage?
It is a non-linked, participating savings and income plan by HDFC Life, offering lifelong income, guaranteed cashbacks, and life cover up to age 100. It is designed to meet long-term wealth creation and retirement needs.
How is this plan different from other insurance plans?
Unlike traditional plans, it offers a unique combination of monthly pension, guaranteed yearly cashbacks, life cover, loan options, and lifelong income, all under one policy.
How does the 40% cashback benefit work?
If you choose a 12-year policy tenure, starting from the 11th policy month, 40% of the first-year premium is returned annually and continues even after maturity, ensuring lifelong income.
Who can benefit from this plan?
It is ideal for:
- Parents/grandparents planning for future generations
- Salaried professionals
- Business owners
- NRIs
- Retirees
Is this plan tax-saving?
Yes. You can claim tax benefits on premiums under Section 80C, and the returns are tax-free under Section 10(10D), subject to prevailing laws.
How does lifelong income work in this plan?
After the policy term, the cashback amount (40% of initial premium) continues for lifetime, along with bonuses and maturity payouts, making it a long-term income stream.
Can I take a loan against this policy?
Yes, after 2 years, you are eligible to take a loan of up to 80% of the surrender value, ensuring liquidity in times of need.
Do you provide ongoing support after the plan starts?
Yes. We provide continuous support throughout the policy tenure, including payment tracking, guidance, and benefit planning — making sure you are never left alone.
Is this a government-approved plan?
Yes. HDFC Life is licensed and regulated by IRDAI, and the plan is 100% legal and government-approved. It is one of the most trusted names in India’s financial sector.
Can I trust this plan for retirement planning?
Absolutely. The plan is designed to give monthly income, lifelong pension, and financial security, making it ideal for building a reliable retirement corpus.
Do your team only support “Sanchay Par Advantage”? I’m interested in other plans.
No, we support a wide range of HDFC Life insurance and investment plans based on your needs. Our team will provide you with a detailed briefing and help you choose the most suitable plan for your financial goals.
What makes your strategy unique?
We provide a smart repayment support strategy to help clients manage premiums easily without burden. Our method allows clients to potentially achieve 50% to 72% per annum returns by combining HDFC Life’s plan benefits and our structured guidance.
Do you handle or collect any money from the clients?
No. All premium payments are made directly to HDFC Life through official and secure channels. We do not collect or manage any physical money from our clients.
What if I cannot pay premiums in future years?
Our repayment support strategy is designed to minimize your burden. After the first full premium, only 60% is paid from your pocket from the second year onward, and 40% is credited back through the plan itself.
How do I get started?
Simply sign up using the form or link provided, and our advisor will contact you to provide a personalized benefit illustration and help you choose the right tenure and premium based on your goals.