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  • HDFC Life ClassicAssure PlusInvestment
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  • HDFC Life ClassicAssure PlusInvestment

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Why choose HDFC Life Sanchay Fixed Maturity Plan?

A Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan that ensures you and your loved ones are financially protected.

  1. Guaranteed benefits shall be payable provided all due premiums have been paid and the policy is in force.
  • Single/ Joint Life Cover - Option to choose cover on Single Life or Joint Life basis

  • Guaranteed1 Savings – Stay assured of the returns

  • Flexibility of Premiums –Option of single premium/limited pay/regular pay premium payment option

  • Choice of Policy Terms – Option to choose from a range of Policy Terms upto 40 years

  • No medical examinations– Under the POS variant of the product

  • Enhanced benefit– Enhanced maturity benefit for higher premiums

  • Optional Riders – Enhance your protection coverage with rider options on payment of additional premium

  1. Guaranteed benefits shall be payable provided all due premiums have been paid and the policy is in force.

We guarantee you these Benefits

When you make the right choices with your insurance plan

Know the key benefits before buying your plan

  • Maturity Benefit
  • Death Benefit Multiple
  • Death Bene­fit

Maturity Benefit

(Guranteed Maturity benefit)

Talk to an Advisor

Checkout our Eligibility Criteria

Before buying HDFC Life Sanchay Fixed Maturity Plan

ELIGIBILITY CRITERIA

Eligibility Criteria

Minimum

Maximum

Single Life

Joint Life

Single Life

Joint Life2

Age at Entry

90 days

90 days1

Single Premium

Single Premium:
60 years

 

Death Benefit Multiple (DBM)
1.25-1.5

70 years

Death Benefit Multiple (DBM)
10

50 years

Regular/Limited Pay:
65 years

Regular/Limited Pay: NA

Age at Maturity

18 years

Single Premium

Single Premium:
80 years

Death Benefit Multiple (DBM)
1.25-1.5

90 years

Death Benefit Multiple (DBM)
10

70 years

Regular/Limited Pay:
85 years

Regular/Limited Pay: NA



Eligibility Criteria

Premium Payment Term
(in years)

Policy Term
(in years)

Premium Payment Term (PPT)
and
Policy Term (PT)

Single Premium

5 to 40 years

5, 6 ,7 ,8 , 10, 12, 15 , 20

PPT to 40 years



Eligibility Criteria

Minimum

Maximum

Premium
(Per Instalment)
2

Single Premium: ₹ 10,000

Annual: ₹ 10,000

Half yearly: ₹ 5,100

Quarterly: ₹ 2,600

Monthly: ₹ 875

No maximum limit, subject to Board Approved Underwriting Policy

Sum Assured on Death

Single Premium : ₹ 12,500

Regular/Limited Pay : ₹ 70,000

No maximum limit, subject to Board Approved Underwriting Policy

For Non POS Variant


1. Subject to the other life being at least 18 years

2. Applicable to both the lives

3. Premium amounts are exclusive of taxes and levies as applicable


All ages mentioned above are age last birthday. Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest on the Life Assured on attainment of age 18 years. Also, in case of minor life, the relationship between the proposer and life assured shall be specified and the cover shall be granted to the extent of insurable interest only. If the life assured(s) is major, the policyholder(s) and the life assured(s) shall be the same person/people.

Riders are must have additions to your savings plan

Riders in insurance have an important part in contingency planning. Top up your Savings Plan with them.
  • icon

    HDFC Life Income Benefit on Accidental Disability Rider

    UIN: 101B013V03

    Get additional income benefits over and above your Sum Assured in the event of total permanent disability due to an accident.

    DOWNLOAD BROCHURE
  • icon

    HDFC Life Critical Illness Plus Rider

    UIN: 101B014V02

    We pay a lump sum amount equal to the Sum Assured upfront if diagnosed with of any of the specified critical illnesses.

    DOWNLOAD BROCHURE
  • icon

    HDFC Life Protect Plus Rider

    UIN:101B016V01

    Get protected with a proportion of Rider Sum Assured in case of accidental death or partial/total disability due to accident or diagnosed with Cancer.

    DOWNLOAD BROCHURE
Talk to Advisor
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Advisor right away

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We help you to choose best insurance plan based on your needs

FAQs

1 Why Should One Invest in the Sanchay Fixed Maturity Plan?

Assured Returns – The plan offers assured returns on maturity

Frequency of Premium Payments- Another feature that makes this plan a good option to invest in is flexibility to choose the type of premium payment options.

Tenure – This plan offers a wide range of policy term of upto 40 years.

Joint Life cover- Another factor that makes this plan attractive is the option of joint life cover.

Tax- Tax benefits shall be available as per applicable tax laws

2 What are the benefits of investing in HDFC Life Sanchay Fixed Maturity Plan?

3 Who Should Invest in a Hdfc Life Sanchay Fixed Maturity Plan?

4 What is the premium payment frequency under Hdfc Life Sanchay Fixed Maturity Plan?

5 What is the grace period for payment of premiums under this plan?

Grace period is not applicable for Single Premium. For Regular/ Limited Premium payment term you get a grace period of 15 days for monthly frequency of premium payment and 30 days for other frequencies to pay the premium

6 Can I surrender the policy in case of emergencies?

While it is advisable to continue the policy to enjoy the maximum benefit offered under this plan, we understand that certain circumstances may arise that you may want to surrender your policy. Surrender is allowed under the plan. A policy shall acquire a Guaranteed Surrender Value immediately on the payment of Single Premium and on payment of at least first two year's premium in case of a Regular/ Limited Pay policy. For more details, please refer the product brochure.

7 Will I be eligible for tax benefits under this plan?

Yes, you can avail Tax Benefits as per prevailing tax laws. You are requested to consult your tax advisor.

8 Can I change my policy term and premium payment term?

No, policy term and premium payment term chosen at inception shall remain the same for the duration of your policy.

9 Can I change my premium payment frequency during the policy term?

Yes, Change of Premium Payment Frequency is allowed. Premium payment frequency available under the plan are Yearly, Half Yearly, Quarterly and Monthly.

10 Can I avail a loan against my policy?

Yes, Policy loans will be available during the policy term subject to such terms and conditions specified by HDFC Life. For more detail, please refer the product brochure.

Personal details

Years
Years

Financial details

Your Required life cover to protect your family’s future is

0

The values shown here are only for illustration. The results are generated based on the information provided. It is not intended to be and must not alone be taken as the basis for an investment decision.

For all details on Riders, kindly refer to the Rider Brochures.

T&C*

  1. Guaranteed benefits shall be payable provided all due premiums have been paid and the policy is in force.

ARN : PP/09/21/25734