Some insurance policies double up as investment options, offering you the best of both worlds. HDFC Life Sanchay Plus Fixed Maturity Plan guarantees the achievement of fixed financial goals. This policy is designed to offer guaranteed returns and it also covers you in case of life uncertainty.

How do you feel when you see the exhilaration your child experiences when he goes on a roller coaster ride for the very first time, or the look in your partner’s eyes when you sit beside her at the beach and watch the fiery sun set into the pristine ocean. In the hustle-bustle of today’s fast-paced lives that we are leading, taking a break to enjoy the myriad of experiences that life has to offer can truly be priceless. You end up spending quality time with those who mean the world to you and making memories that will last a lifetime! 

After all, each of us wants the very best for our loved ones. But, in order to do so, do we need to sacrifice their safety and security? Do these experiences come at the cost of an investment that could secure their future? What if your next trip to experience the magic of the Egyptian pyramids came at the cost of funding your child’s higher education a few years hence?

Many of us have woken up with epiphanies wondering what our loved ones would do if something was to happen to us unexpectedly and how they would cope with the setback emotionally and financially. In such an event, a life insurance policy acts as a safety net as it protects your family from the devastating financial loss that could come in such an unforeseen event. It helps pay off potential loans and provide for living expenses up to an amount that you have taken an insurance policy for. 

Some insurance policies also double up as investment options, offering you the best of both worlds. So, if all goes all per plan at the end of the term, and you don’t need to use the insurance money, you will gain returns on the premiums paid, just as you would for any other investment made. 

A great option in this space is HDFC Life Sanchay Plus Fixed Maturity Plan, a new-age product from one of India’s leading insurance companies, HDFC Life. In a capsule, this insurance policy is designed to offer guaranteed returns at the end of the term and also cover you in the event of life uncertainty. This ensures that your family can stay firm on their dreams and attain the milestones that you have planned for, even if there is an unexpected event along the way. 

HDFC Life Sanchay Plus Fixed Maturity Plan is a non-linked, non-participating individual, savings, life insurance plan. Under this plan, you get a guaranteed lump sum pay out at the end of the selected tenure. This is a great option in today’s times when the Capital markets are volatile and fixed-income products are being advised by financial experts. You can get enhanced maturity benefits for plans that sign up for higher premium amounts. What is even better is that this comes with tax benefits too, which you stand to gain as an investor.

This plan is configured for the family and it offers the option of a Single or Joint Life Cover, so you can take one insurance plan to cover two people at the same time, where at least one has to be an adult. It offers flexibility in terms of choice of Policy Terms for a period of up to 40 years. You can select this as per your family’s needs, like the time when you will retire, or the year when you need the money to send your child for higher studies. This flexibility extends to premiums too – you can choose to take a one-time payment or pay premiums at regular intervals for a pre-defined term. Another big advantage of this scheme is that there is no requirement for a medical examination for the policy issued under the POS variant of the product. 

To fine-tune the product to the unique requirements of your family, you can opt for additional riders on the main policy to customise it. These include the HDFC Life Income Benefit on Accidental Disability Rider where you can get a monthly payout for 10 years in the event of Accidental Total Permanent Disability; the HDFC Life Critical Illness Plus Rider which covers you against critical illnesses; or the HDFC Life Protect Plus Rider which offers protection against cancer and accidental death or disability. 

Disclaimer: This article has been produced on behalf of the brand by HT Brand Studio