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Choose your goal with HDFC Life Sanchay Plus Plan

Get a lump sum payout at the end of the policy term—no market risks, just assured returns.

How does the plan work?

Scenario: Rohan, a 30-year-old software engineer, wants an insurance plan that secures his family, offers guaranteed returns (big lump sum) enough to fund his daughter’s college education or buy a family home.

 

That’s when Rohan’s advisor tells him about HDFC Life Sanchay Plus – Guaranteed Maturity, which he purchases online through the HDFC Life website. 

0 to 10 years

On maturity

Pay ₹1,00,000 annually for 10 years

(policy term is 20 years)

Total premium payable: ₹10,00,000

Receive ₹26.40 lakh at the end of 20 years

Maturity Benefit

Sum Assured on Maturity6 + accrued Guaranteed Additions.

Death Benefit

  • If the Life Assured passes away during the policy term, the nominee will receive a Death Benefit.

  • The Death Benefit will be: Sum Assured on Death + Accrued Guaranteed Additions

  • Where, Sum Assured on Death is the highest of:

    • 10 times the Annualized Premium7, OR 1.25 times the Single Premium (if chosen), OR

    • 105% of Total Premiums5 paid, OR

    • The Sum Assured on Maturity, OR

    • An absolute amount assured on death (equal to the Sum Assured).

    • Once the Death Benefit is paid, the policy will end and no further benefits will be payable.

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Start receiving fixed yearly income after the policy term for 10 or 12 years, with life cover throughout.

How does the plan work?

Scenario: Rohan, a 30-year-old software engineer, wants an insurance plan that secures his family, offers assured returns with steady flow of income to meet expenses easily instead of one-time lumpsum amount.

 

That’s when Rohan’s advisor tells him about HDFC Life Sanchay Plus – Guaranteed Income, which he purchases online through the HDFC Life website.

0 to 12 years

14th year onwards

Pay ₹1,00,000 annually for 12 years

(policy term is 13 years)

Total premium payable: ₹12,00,000

Receive ₹2.10 lakh every year for 12 years

like a second salary for

his family

Maturity Benefit

Guaranteed income for the fixed term of 10 or 12 years, starting from the (Policy Term + 1)th year, in arrears, subject to payment of all due premiums.

Death Benefit

  • If the Life Assured passes away during the policy term, the nominee will receive the Sum Assured on Death.

  • Where, Sum Assured on Death is the highest of:

    • 10 times the Annualized Premium7, OR

    • 1.25 times the Single Premium (if chosen), OR

    • 105% of Total premiums paid5, OR

    • All premiums paid accumulated at 5% p.a. (compounded annually), OR

    • The Sum Assured on Maturity, OR

    • An absolute amount assured on death (equal to the Sum Assured)

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Enjoy guaranteed yearly income for up to 30 years, plus get back all your premiums at the end. 

How does the plan work?

Scenario: Rohan, a 30-year-old software engineer, wants an insurance plan that secures his family, offers assured returns with longer income support (side pension) to enjoy retirement and take care of lifestyle and medical expenses.

 

That’s when Rohan’s advisor tells him about HDFC Life Sanchay Plus – Long Term income, which he purchases online through the HDFC Life website.

0 to 12 years

12 to 36 years

Pay ₹1,00,000 annually for 10 years

(policy term is 11 years)

Total premium payable: ₹10,00,000

Receive ₹1.01 lakh every year for 25 years

At the end of the 36th year, he also gets back ₹10.3 lakh

Maturity Benefit

Guaranteed income for 25 or 30 years, starting from the (Policy Term + 1)th year, in arrears, plus return of total premiums paid at the end of the payout period.

Death Benefit

  • If the Life Assured passes away during the policy term, the nominee will receive the Sum Assured on Death.

  • Where, Sum Assured on Death is the highest of:

    • 10 times the Annualized Premium7, OR

    • 1.25 times the Single Premium (if chosen), OR

    • 105% of Total premiums paid5, OR

    • All premiums paid accumulated at 5% p.a. (compounded annually), OR

    • The Sum Assured on Maturity, OR

    • An absolute amount assured on death (equal to the Sum Assured)

  • Once the Death Benefit is paid, the policy will end and no further benefits will be payable.

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Receive a steady income every year till age 99, along with a return of all premiums paid. 

How does the plan work?

Scenario: Rohan has turned 50 years and he wishes to have lifetime financial independence. By committing 10 years to the HDFC Life Sanchay Plus – Life Long Income plan, he secures future that support him for decades

 

This option is like planting a tree that gives him fruits every year for life. Even at 80 or 90, Rohan can depend on this plan to cover his expenses without worrying about anyone else.

0 to 12 years

12th year onwards

Pay ₹1,00,000 annually for 10 years (policy term is 11 years)

Total premium payable: ₹10,00,000

Receive ₹83,688 every year until age 99

Plus, at the end, his family will also get ₹10.3 lakh

Maturity Benefit

Life Long Income up to age 99, starting from the (Policy Term + 1)th year, in arrears, plus return of total premiums paid at the end of the payout period.

Death Benefit

  • If the Life Assured passes away during the policy term, the nominee will receive the Sum Assured on Death.

  • Where, Sum Assured on Death is the highest of:

    • 10 times the Annualized Premium7, OR

    • 1.25 times the Single Premium (if chosen), OR

    • 105% of Total premiums paid5, OR

    • All premiums paid accumulated at 5% p.a. (compounded annually), OR

    • The Sum Assured on Maturity, OR

    • An absolute amount assured on death (equal to the Sum Assured)

  • Once the Death Benefit is paid, the policy will end and no further benefits will be payable.

Download Brochure Product Leaflet
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Guaranteed Maturity Guaranteed Income Option

Helpful checks before starting with HDFC Life Sanchay Plus

Quick eligibility check for peace of mind

 

Sample illustration to guide your choice

checks before starting with HDFC Life Sanchay Plus

ELIGIBILITY CRITERIA

Options Overview

Illustration of benefits for healthy male aged 30 years (50 years for Lifelong Income Option) who pays Rs. 1 lac + taxes per annum throughout the Premium Payment Term and survives the Policy Term
 

Plan Option

Sum Assured

Death Benefits at Inception*

Policy Term (years)

Premium Paying Term (years)

Maturity Benefits (INR)

Guaranteed Maturity

10,30,000

12,87,500

20

10

26,40,014 paid as a lump sums at Maturity

Guaranteed Income

12,87,500

15,04,612

13

12

Guaranteed Income1 of ` 2,10,120 p.a. from 14th year to 25th year (payout periods of 12 years)

Long Term Income

12,87,500

12,87,500

11

10

Guaranteed Income1 of ` 1,01,198 p.a. from 12th year to 36th year (payout periods of 25 years) + `10,30,000 at the end of payout periods (36th year)

Life Long Income

10,81,500

10,81,500

11

10

Guaranteed Income1 of ` 83,688 p.a. from 12th year till age 99 years (38 years)+ ` 10,30,000 at the end of payout periods

1. Guaranteed Income Amount payable in arrears on annual frequency during the payouts period (After the policy term).

* Please refer to the Benefit Illustration for year wise Deaths Benefit.  

The premium(s) are excluding applicable taxes & levies.  This snapshot of illustration is only for a healthy male life.  The values shown are for illustrative purpose only.  For detailed illustration, please speak to our Financial Consultant/Broker.  Please refer to the product brochure for details on benefits and conditions.

ELIGIBILITY CRITERIA

Eligibility Criteria

Plan Option

Minimum

Maximum

Age at Entry Age (years)

Guaranteed Income

301 days

65

Guaranteed Maturity

301 days

60

Life Long Income

50

65

Long Term Income

31

60

Age at Maturity (years)

Guaranteed Income

18

85

Guaranteed Maturity

18

85

Life Long Income

55 years

85

Long Term Income

18 years

75

Minimum instalment Premium

All Options

Single Pay: Rs. 30,000

Annual: Rs. 30,000

Half yearly: Rs 15,000

Quarterly: Rs 7,500

Monthly: Rs 2,500

Maximum instalment Premium

All Options

No limit, subject to internal guidelines

All ages mentioned above are age last birthday.
The minimum premium amounts are exclusive of taxes and levies as applicable.

1. Risk cover starts from date of commencement of policy for all lives includings minors. In case of a Minors life, the policy will vest on the Life Assured on attainment of age 18 years.

How HDFC Life Sanchay Plus
Plan works to your advantage?

Guaranteed Returns

Guaranteed1 Returns

Get assured payouts — whether as a lump sum or regular income 

Life Cover Built-in

Life Cover Built-in

Your family stays financially protected with a life cover throughout the policy term

Life Long Income Option

Life Long Income Option3

Enjoy a steady income every year till age 99 – ideal for retirement peace of mind, if you are above 50 years of age

Flexible Income Options

Flexible Income Options

Choose how you want to receive your money: one-time payout, income for a fixed period(10, 12, 25, or even 30 years), or lifelong income till age 99

Tax Benefits

Tax Benefit

Get tax advantages4 on premiums paid and benefits received, as per the Income Tax Act, 1961

Return of Premiums

Return of Premiums2

For selected options, you get return of Total Premiums5 paid at the end of payout period

Add-on Protection

Add-on Protection

Enhance your protection plan with optional riders for extra cover against illness or disability, on payment of additional premium

Calculate Premium

Who Should Buy This Plan?

Parents

 

Parents 

To secure their child’s future with a plan that offers both savings and protection 

Young professionals

Young Professionals

They can start saving early and financial discipline with assured returns

Retirees

Retirees

Who wish to enjoy a steady income during retirement while staying covered

Cautious Investors

 

Cautious Investors

Who prefer safety over market risks, can receive fixed guaranteed payouts

Anyone Else

 

Anyone Else

With financial dependents can ensure loved ones are secure, no matter what happens

Boost Your Protection with Add-on Covers (Riders)8

HDFC Life Income Benefit on Accidental Disability Rider – Non Linked

HDFC Life Income Benefit on Accidental Disability Rider – Non Linked

UIN: 101B041V01

If an accident causes total permanent disability, you can get additional monthly income over and above your life cover – so your family’s needs are always taken care of.

Rider Brochure
HDFC Life Protect Plus Rider – Non Linked

HDFC Life Protect Plus Rider – Non Linked

UIN: 101B040V01

Stay covered against multiple risks – accidental death, partial/total disability due to an accident or even a diagnosis of cancer. Your family receives a benefit to help manage expenses during tough times. 

Rider Brochure
HDFC Life Health Plus Rider - Non Linked

HDFC Life Health Plus Rider - Non Linked

UIN: 101B031V02

Offers a lump sum payout if diagnosed with any of the listed 60 critical illnesses. For cancer-specific coverage, receive a proportion of the Sum Assured on Early Stage Cancer and the full Sum Assured on Major Cancer, depending on the plan option chosen.

Rider Brochure
HDFC Life Waiver of Premium Rider – Non Linked

HDFC Life Waiver of Premium Rider – Non Linked

UIN: 101B032V02

In case of death, disability, or diagnosis of any listed critical illness of the Life Assured, this rider ensures your policy continues without future premium payments of base policy and any additional riders. Your life goals stay protected even if you cannot pay due to life’s eventualities. 

Rider Brochure
HDFC Life LiveWell Rider – Non-Linked

HDFC Life LiveWell Rider – Non-Linked

UIN: 101B033V01

A comprehensive rider that covers death, terminal illness, accidental death, hospitalization, disability, and major surgeries. You may receive a lump sum benefit or even waiver of future premiums on the base policy, depending on the plan option chosen.

Rider Brochure

Just 5 steps to secure your future

Choose your Plan Option
Step 1

Choose your Plan Option

Pick how you want to receive your benefits: One-time payout (Guaranteed Maturity), Fixed Income for 10 or 12 years (Guaranteed Income), Income till age 99 (Life-Long Income), Income for 25–30 years (Long-Term Income)

Decide Your Premium
Step 2

Decide Your Premium

Choose how much you want to invest each year and for how many years (5-12 years or single pay)

Pay Your Premiums
Step 3

Pay Your Premiums

Pay regularly during the chosen premium payment term

Receive Guaranteed Benefits
Step 4

Receive Guaranteed Benefits

Once the policy term ends, you start receiving income in arrears or get a lump sum, depending on your chosen option.

In some options, you also get the return of total premiums5 paid.

Life Cover Throughout
Step 5

Life Cover Throughout

If something happens to you during the policy term, your family receives a payout, ensuring financial protection.

Frequently Asked Questions

We’ll tell you everything you need to know about HDFC Life Sanchay Plus
1

What are the Plan Options available under HDFC Life Sanchay Plus?

There are four plan options available under HDFC Life Sanchay Plus:

  1. Guaranteed Maturity: This option offers a guaranteed maturity benefit payable as lump sum at the end of policy term.

  2. Guaranteed Income: This option offers a guaranteed regular income for a fixed term of 10 or 12 years.

  3. Life Long Income: This option offers guaranteed regular income up to age 99 years plus return of premium at the end of payouts period.

  4. Long Term Income: This option offers guaranteed regular income for a long term of 25 or 30 years plus return of premium at the end of payouts period.

2

What is the minimum - maximum Premium Paying Term and Policy Term ?

Options

Premium Paying Term

Policy Term

Payouts Period

Guaranteed Maturity

Single Pay

5 to 20 years

Maturity benefit paid as lump sum at the end of the Policy Term

5, 6, 7, 8, 9, 10 years

10 to 30 years

12, 15, 20 years

Equivalent to Premium Paying Terms to 30 years

Guaranteed Income

 

Single Pay

5 to 20 years

Maturity benefit paid as a guaranteed income for a fixed term of 10 or 12 years starting from (Policy Term + 1)th year in arrears.

5 years

5 to 15 years

6 years

6 to 15 years

7 years

7 to 15years

8 years

8 to 15 years

9 years

9 to 15 years

10 years

10 to 20 years

11 years

11 to 20 years

12 years

12 to 20 years

Life Long Income

 

Single Pay

5 to 10 years

Maturity benefit paid as a guaranteed income from (Policy Term + 1)th year in arrears till individual attains age 99 years.

5 years

5 to 15 years

6 years

6 to 15 years

7 years

7 to 15 years

8 years

8 to 15 years

9 years

9 to 15 years

10 years

10 to 20 years

11 years

11 to 20 years

12 years

12 to 20 years

Long Term Income

Single Pay

5 to 15 years

Maturity benefit paid as a guaranteed income for a fixed term of 25 or 30 years starting from (Policy Term + 1)th year in arrears.

5 years

 5 to  15 years

6 years

 6 to 15 years

7 years

7 to 15 years

8 years

8 to 15 years

9 years

9 to 15 years

10 years

 10 to 15 years

11 years

11 to 15 years

12 years

12 to 15 years
3

What is the premium frequency available under policy?

The premium can be paid annually, half-yearly, quarterly and monthly.

4

What is the Maturity Benefit under Guaranteed Maturity option?

The Maturity benefit is equal to Sum Assured on Maturity plus accrued Guaranteed Additions.

Where, Sum Assured on Maturity shall be equal to Single Premium in case of Single Pay Policy and equal to total Annualized Premium payable under the policy during the premium payment term in case of Limited Pay Policy.

Please refer brochure for details on Guaranteed Additions.

  1. Annualized Premium shall be the premium amount payable in a year excluding taxes Riders  Premium, Underwriting extra premium and loadings for modal premium.
  2. Total Premium paid means total of all the premium paid under the base product, excluding any extra premium and taxes, if collected explicitly.
5

What is the Death Benefit under Guaranteed Maturity Option?

In case of death of Life Assured during the policy term, the Death Benefits equal to Sum Assured on Death plus Accrued Guaranteed Additions shall be payable to the Nominees.

Sum Assureds on Death is the highest of:

  • 10 times the Annualized Premium1 / 1.25 times the Single Premium, or

  • 105% of Total Premium(s) paid2, or

  • Sum Assured on Maturity, or

  • an absolute amount assured to be paid on death, which is equal to the Sum Assured.

Sum Assured will be determined based on your entry age and the Annualized / Single Premium you commit to pay in a Policy Years.

Upon the payment of the death benefits, the policy terminates and no further benefits are payable.

  1. Annualized Premium shall be the premium amount payable in a year excluding taxes, Riders premium, Underwriting extra premium and loading for modal premium.
  2. Total Premium paid means total of all the premium paid under the base product, excluding any extra premium and taxes, if collected explicitly.
6

What is the Maturity Benefit Under Guaranteed Income, Life Long Income and Long Term Income option ?

a. Guaranteed Income: This option pays you a Guaranteed Income for fixed term of 10 or 12 years starting from (Policy Term + 1)th year in arrears, upon payment of all due premium and life assureds surviving the policy term.

b. Life Long Income: This option pays you a Guaranteed Income up to age 99 years starting from (Policy Term + 1)th year in arrears and a return of premium at the end of payout periods, upon payment of all due premium and life assureds surviving the policy term.

c. Long Term Income: This option pays you a Guaranteed Income for fixed term of 25 or 30 years starting from (Policy Term + 1)th year in arrears and a return of premium at the end of payout periods, upon payment of all due premium and life assureds surviving the policy term.

The amount of guaranteed income^ shall be equal to the percentage of Annualized / Singles Premium depending on the Premium Payment Term and Policy Term.

^An additional income is payable in case of higher premium amount, please refer to the Enhanced Benefit for High Premium Policies

7

What is the Death Benefit under Guaranteed Income, Life Long Income and Long Term Income option?

In case of death of Life Assured during the policy term, the Death Benefits equal to Sum Assured on Death shall be payable to the Nominees. 

Sum Assureds on Death is the highest of:

  • 10 times the Annualized Premium1 / 1.25 times the Singles Premium, or

  • 105% of Total Premium(s) paid2, or

  • Premium paid accumulated at an interest of 5% p.a. compounded annually, or

  • Sum Assureds on Maturity, or

  • an absolute amount assured to be paid on death, which is equal to the Sum Assured


Sum Assured will be determined based on your entry age and the Annualized / Single Premium you commit to pay in a Policy Years.

Sum assured on Maturity shall be present value of future payouts discounted at a rate of 9% p.a.

Upon the payment of the death benefits, the policy terminates and no further benefits are payable.

  1. Annualizeds Premium shall be the premium amount payable in a year excluding taxes Riders premium, Underwritings extra premium and loadings for modal premium.
  2. Total Premium paid means total of all the premium paid under the base product, excluding any extra premium and taxes, if collected explicitly.
8

What if the death occurs during the payout period?

On death of the Life Assureds during the Payout Periods, the nominees shall continue receiving Guaranteed Income as per Income Payout Frequency & benefit option chosen till the end of Payout Periods.

9

Can I receive lump sum under Guaranteed Income, Life Long Income and Long Term Income option during the Payout Period?

At any point of time during the Payout Periods, you shall have an option to receive the future income as a lump sums, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest rates.

10

Is there any option where I can receive income for whole life?

Yes, Life Long Income option offers you a Guaranteed Income up to age 99 years.

11

Is there any benefit for High Premium Policies?

Yes, we also offer additional Maturity Benefit / Income Benefit for the policies with Annual / Singles Premium more than Rs. 1.5 lakhs.

12

What is the frequency of Guaranteed Income payable under plan options Guaranteed Income, Life Long Income and Long Term Income?

You can choose to receive the Guaranteed Income on Annual, Semi-Annual, Quarterly or Monthly frequency. Please refer brochure for more details.

13

Can I change the Plan Option once chosen?

No, Plan option once chosen at inception cannot be changed throughout the policy term.

14

Can income payout frequency and premium payment frequency be changed?

Yes, changes in income payout frequency and premium payment frequency are allowed.

15

Can the plan be offered under limited underwriting?

The plan can be applied by filing in the Short Medical Questionnaire (SMQ), which may not require you to go for medicals.

16

When does the plan acquire Guaranteed Surrender value?

The policy shall acquire a Guaranteed Surrenders Value (GSV) immediately on the payment of Singles Premium and upon the payment of at least first two years’ premium in case of a Limited/ Regular Premium Policy.

17

Do I have option to avail loan under the policy?

The policyholders can avail Loan under the policy provided the policy has acquired a surrenders value and subject to terms and conditions as the Company may specify from time to time. 

18

Is there any tax benefit available under this plan?

You may be eligible for tax benefits as per prevailing tax laws under Income Tax Act, 1961. Please note tax benefits are subject to change in tax laws.

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Disclaimer

  1. Provided all due premiums have been paid and the policy is in force.

  2. Applicable for Life Long Income and Long Term Income option.

  3. This plan option is available only if you are between the ages of 50 to 65 years.

  4. Tax benefits are subject to provisions as per Income Tax Act, 1961. Tax laws are subject to changes.

  5. Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

  6. Guaranteed Sum Assured on Maturity shall be equal to Single Premium in case of Single Pay Policies and equal to total Annualized Premium payable under the policy during the premium payment term (for Limited/Regular Pay Policies).

  7. Annualized Premium shall be the premium amount payable in a year excluding taxes, Rider premiums, Underwriting extra premiums and loadings for modal premiums

  8. Riders / Add-Ons can be availed upon payment of additional premium

This material has been prepared for information purposes only, should not be relied on for tax or accounting advice. You are requested to seek tax advice from Chartered Accountant or personal tax advisor with respect to personal tax liabilities

ARN - PP/04/26/33443