[Honest Review] HDFC Life Sanchay Par Advantage Plan – 2

HDFC Life Sanchay par Advantage Plan is a non-linked, participating Life Insurance Plan which offers you advantages until you reach 100 years of age!

This is the Part 2 of the 2 videos. You can watch Part 1 of Honest Review here – https://youtu.be/m1DGzcxQ9U0

The company claims it to be a Sanchay (which means to save and grow) Plan with Advantage.
In this video, we will do review and perform calculations basis the illustrations downloaded from HDFC Life’s website.

? All the HDFC Plans reviewed in ☝One Video – https://youtu.be/hvSIkQbw2xM

We will discuss the following aspects in this video
1 What are the returns in case of Income Plan option of HDFC Life Sanchay Par Advantage Plan
2 What are the retuens in case of Deferred Income option of HDFC Life Sanchay Par Advantage Plan
3 What is the impact of GST on the premiums of HDFC Life Sanchay Par Advantage Plan and how does it impact the overall returns percentage?
4 What are the REAL Returns in HDFC Life Sanchay Par Advantage when we consider Tax exemptions of 10%/20%/30%
5 What is the Maturity benefit of HDFC Sanchay Par Advantage plan

So do watch the video to figure out what this plan has for you.

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Youtube Video

In summary, if you are able to get the exemption of 30% throught the premium paying terms and also hopeful that company will keep on declaring very high cash bonuses, then this plan “could be” for you.

Though the claim is for it to be a “Sanchay” Policy with “Advantage” but it is is actually a “disadvantage” if you consider the real returns we are getting.

The policy claims to pay Cash Bonuses for 70 years but none of these these bonuses are guaranteed.

In the best-case scenario, this policy offers returns in the range of 2.5%-6%, which can’t even beat inflation. Even the returns provided by your Saving Banks or Fixed Deposits are better than this policy.