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UIN: 101N134V27
A Non-Linked, Non-Participating, Individual Savings Life Insurance Plan
Guaranteed returns. Guaranteed peace of mind.
An Insurance Plan that offers guaranteed payouts and life cover, helping you stay financially prepared for life’s planned and unplanned moments.
Key Feautres
Guaranteed1 Benefits
Flexible Income Options
Return of Premium2
Get a lump sum payout at the end of the policy term—no market risks, just assured returns.
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.
Sum Assured on Maturity6 + accrued Guaranteed Additions.
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.
Start receiving fixed yearly income after the policy term for 10 or 12 years, with life cover throughout.
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.
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.
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)
Enjoy guaranteed yearly income for up to 30 years, plus get back all your premiums at the end.
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.
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.
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.
Receive a steady income every year till age 99, along with a return of all premiums paid.
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.
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.
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.
Quick eligibility check for peace of mind
Sample illustration to guide your choice
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 |
25,77,115 paid as a lump sums at Maturity |
Guaranteed Income |
12,87,500 |
14,65,890 |
13 |
12 |
Guaranteed Income1 of ` 2,04,713 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 ` 86,520 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 ` 79,825 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 |
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.
Get assured payouts — whether as a lump sum or regular income
Your family stays financially protected with a life cover throughout the policy term
Enjoy a steady income every year till age 99 – ideal for retirement peace of mind, if you are above 50 years of age
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
Get tax advantages4 on premiums paid and benefits received, as per the Income Tax Act, 1961
For selected options, you get return of Total Premiums5 paid at the end of payout period
Enhance your protection plan with optional riders for extra cover against illness or disability, on payment of additional premium
To secure their child’s future with a plan that offers both savings and protection
They can start saving early and financial discipline with assured returns
Who wish to enjoy a steady income during retirement while staying covered
Who prefer safety over market risks, can receive fixed guaranteed payouts
With financial dependents can ensure loved ones are secure, no matter what happens
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.
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.
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.
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.
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.
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
Choose how much you want to invest each year and for how many years (5-12 years or single pay)
Pay Your Premiums
Pay regularly during the chosen premium payment term
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
If something happens to you during the policy term, your family receives a payout, ensuring financial protection.
There are four plan options available under HDFC Life Sanchay Plus:
Guaranteed Maturity: This option offers a guaranteed maturity benefit payable as lump sum at the end of policy term.
Guaranteed Income: This option offers a guaranteed regular income for a fixed term of 10 or 12 years.
Life Long Income: This option offers guaranteed regular income up to age 99 years plus return of premium at the end of payouts period.
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.
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 |
The premium can be paid annually, half-yearly, quarterly and monthly.
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.
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.
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
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.
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.
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.
Yes, Life Long Income option offers you a Guaranteed Income up to age 99 years.
Yes, we also offer additional Maturity Benefit / Income Benefit for the policies with Annual / Singles Premium more than Rs. 1.5 lakhs.
You can choose to receive the Guaranteed Income on Annual, Semi-Annual, Quarterly or Monthly frequency. Please refer brochure for more details.
No, Plan option once chosen at inception cannot be changed throughout the policy term.
Yes, changes in income payout frequency and premium payment frequency are allowed.
The plan can be applied by filing in the Short Medical Questionnaire (SMQ), which may not require you to go for medicals.
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.
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.
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.
We help you choose the best insurance plan based on your needs.
Provided all due premiums have been paid and the policy is in force.
Applicable for Life Long Income and Long Term Income option.
This plan option is available only if you are between the ages of 50 to 65 years.
Tax benefits are subject to provisions as per Income Tax Act, 1961. Tax laws are subject to changes.
Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.
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).
Annualized Premium shall be the premium amount payable in a year excluding taxes, Rider premiums, Underwriting extra premiums and loadings for modal premiums
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 - DS/02/26/31164
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