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Why HDFC Life Sanchay Plus?

A Non-Participating, Non-Linked Savings Insurance Plan that offers secure future of family and shape up a legacy for them

  • Life cover to protect the family's future

  • Steady retirement income with Life Long Income Option.2

  • Guaranteed1 Benefit Payouts.

  • Guaranteed Income for a fixed term of 10, 12, 25, 30 years or lifelong.

  • Tax benefits as per prevailing tax laws.3

  • Return of total premiums paid at the end of payout period.4

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  • Life cover to protect the family's future

  • Steady retirement income with Life Long Income Option.2

  • Guaranteed1 Benefit Payouts.

  • Guaranteed Income for a fixed term of 10, 12, 25, 30 years or lifelong.

  • Tax benefits as per prevailing tax laws.3

  • Return of total premiums paid at the end of payout period.4

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  • Lorem ipsum dolor sit amet, consectetur adipiscing elit
  1. Provided all due premiums have been paid and the policy is in force.
  2. This plan option is available if you are between the ages of 50 to 60 years.
  3. Tax benefits are subject to provisions as per Income Tax Act, 1961. Tax laws are subject to changes.
  4. Applicable for life long and long term income option.
  1. Provided all due premiums have been paid and the policy is in force.
  2. This plan option is available if you are between the ages of 50 to 60 years.
  3. Tax benefits are subject to provisions as per Income Tax Act, 1961. Tax laws are subject to changes.
  4. Applicable for life long and long term income option.

Your Plan. Your Benefits

Flexibility to choose your policy and premium payment terms.

Select your core objective for buying an insurance cover

  • Maturity Benefit
  • Death Benefit

Maturity Benefit

Guaranteed Maturity Option

  • Equal to Guaranteed Sum Assured on Maturity plus accrued Guaranteed1 Additions.

  • Disclaimer:

    1. Guaranteed Sum Assured on Maturity is total Annualized Premium payable under the policy during the premium payment term.

Guaranteed Income Option

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

Life Long Income Option

  • Guaranteed income up to age 99 years and a return of total premiums paid at the end of payout period upon payment of all due premiums and life assured surviving the policy term.

Long Term Income Option

  • Guaranteed income for the fixed term of 25 or 30 years starting from (Policy Term+1)th year, in arrears upon payment of all due premiums.

Calculate Premium Talk to an Advisor

Check Eligibility Criteria

Before buying HDFC Life Sanchay Plus

ELIGIBILITY CRITERIA

Eligibility Criteria

Plan Option

Minimum

Maximum

AGE AT ENTRY (years)

Guaranteed Income

51

60

Guaranteed Maturity

51

Life Long Income

50

Long Term Income

51

AGE AT MATURITY (years)

Guaranteed Income

18

73

Guaranteed Maturity

18

80

Life Long Income

56

73

Long Term Income

18

73

Minimum Installment Premium

All Options

Annual: ₹30,000
Half Yearly: ₹ 15,000
Quarterly: ₹ 7,500
Monthly: ₹ 2,500

Maximum Installment Premium

All Options

No limit, subject to Board Approved Underwriting Policy (BAUP)

For non POS Variant.

1. 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.

All ages mentioned above are age last birthday.

The minimum premium amounts are exclusive of taxes and other statutory levies as applicable.

For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult Financial Consultant before taking a decision.

Sample Illustration

Before buying HDFC Life Sanchay Plus

SAMPLE ILLUSTRATION

Illustration of benefits for healthy male aged 30 years (50 years for Lifelong Income Option), who pays ₹ 1 Lac + Taxes per annum throughout the premium paying term and survives the policy term.

Plan option

Sum Assured

Death Benefit at Inception2

Policy Term (years)

Premium Paying Term (years)

Maturity Benefit (₹)

Guaranteed Maturity

₹ 1,287,500

₹ 1,287,500

20

10

₹ 23,70,875 paid as a lump sum at Maturity

Guaranteed Income

₹ 1,287,500

₹ 1,620,771

13

12

Guaranteed Income1 of ₹ 2,26,343 p.a. from 14th year to 25th year (payout period of 12 years)

Long Term Income

₹ 1,287,500

₹ 1,287,500

11

10

Guaranteed Income1 of ₹  1,09,180 p.a. from 12th year to 36th year (payout period of 25 years) + ₹ 10,30,000 at the end of payout period(36th year)

Life Long Income

₹ 1,081,500

₹ 1,126,344

11

10

Guaranteed Income1 of ₹ 1,01,713 p.a. from 12th year till age 99 years (38 years) + ₹ 10,30,000 at the end of payout period.
  1. Guaranteed Income Amount payable in arrears on annual frequency during the payout period (After the policy term).
  2. Please refer to the Benefit Illustration for year wise Death Benefit.

A. The premiums are excluding applicable taxes & levies. B. This snapshot of illustration is only for HDFC Life Sanchay Plus Plan for a healthy male life. C. 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.

The Benefits shown in the sample illustration are For Policies Bought Online.

Savings plans are simple to understand!

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Customise your cover these riders

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

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    HDFC Life Critical Illness Plus Rider

    UIN: 101B014V02

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

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    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.

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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.

Have a question?

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 payout 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 payout period.

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

Options

Premium Paying Term

Policy Term

Payout Period

Guaranteed Maturity

5 years

10 to  20 years

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

 

6/ 7/ 8/ 9/ 10 years

12 to 20 years

Guaranteed Income

7 years

7 to 12 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.

 

8 years

8 to 13 years

9 years

9 to 14 years

10 years

10 to 15 years

11 years

11 to 16 years

12 years

12 to 17 years

Life Long Income

5 years

6 years

Maturity benefit paid as a guaranteed income from 7th year in arrears till the individual attains age 99 years

6 years

7 years

Maturity benefit paid as a guaranteed income from 8th year in arrears till the individual attains age 99 years

10 years

11 years

Maturity benefit paid as a guaranteed income from 12th year in arrears till the individual attains age 99 years

12 years

13 years

Maturity benefit paid as a guaranteed income from 14th year in arrears till the individual attains age 99 years

Long Term Income

5 years

 5 to 10 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. 

 

 

 

6 years

 6 to 11 years

7 years

7 to 10 years

8 years

8 to 11 years

9 years

9 to 11 years

10 years

 10 to 12 years

11 years

11 & 12 years

12 years

12 & 13 years

3 What is the premium frequency available under policy?

The premiums 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 Guaranteed Sum Assured on Maturity plus accrued Guaranteed Additions.

Where, Guaranteed Sum Assured on Maturity is total Annualized Premium1 payable under the policy during the premium payment term.

Please refer brochure for details on Guaranteed Additions.

1. Annualized Premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

5 What is the Death Benefit under Guaranteed Maturity Option?

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

Sum Assured on Death is the highest of:

  • 10 times the Annualized Premium1, or

  • 105% of Total Premiums paid2, or

  • Guaranteed 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 Premium you commit to pay in a policy year.

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

    1. Annualized Premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

    2. Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

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 on payment of all due Premium(s)


For Entry Ages: 5 to 50 years

Premium Payment Term

Policy Term

Guaranteed Income payable each year during the Payout Period

10 years

12 years

7 years

7 years

103.50% of Annualized Premium

91.50% of Annualized Premium

7 years

8 years

114.25% of Annualized Premium

102.00% of Annualized Premium

7 years

9 years

121.00% of Annualized Premium

106.50% of Annualized Premium

7 years

10 years

128.75% of Annualized Premium

114.25% of Annualized Premium

7 years

11 years

138.50% of Annualized Premium

123.00% of Annualized Premium

7 years

12 years

149.50% of Annualized Premium

132.00% of Annualized Premium

8 years

8 years

127.50% of Annualized Premium

112.50%  of Annualized Premium

8 years

9 years

139.25% of Annualized Premium

125.00% of Annualized Premium

8 years

10 years

147.50% of Annualized Premium

129.75% of Annualized Premium

8 years

11 years

158.25% of Annualized Premium

139.50% of Annualized Premium

8 years

12 years

170.50% of Annualized Premium

149.75% of Annualized Premium

8 years

13 years

181.50% of Annualized Premium

160.75% of Annualized Premium

9 years

9 years

151.75% of Annualized Premium

133.25% of Annualized Premium

9 years

10 years

167.75% of Annualized Premium

149.50% of Annualized Premium

9 years

11 years

175.75% of Annualized Premium

155.25% of Annualized Premium

9 years

12 years

187.75% of Annualized Premium

167.50% of Annualized Premium

9 years

13 years

202.25% of Annualized Premium

179.50% of Annualized Premium

9 years

14 years

216.50% of Annualized Premium

190.75% of Annualized Premium

10 years

10 years

178.00% of Annualized Premium

157.50% of Annualized Premium

10 years

11 years

196.50% of Annualized Premium

175.75% of Annualized Premium

10 years

12 years

209.50% of Annualized Premium

185.75% of Annualized Premium

10 years

13 years

226.00% of Annualized Premium

199.25% of Annualized Premium

10 years

14 years

240.75% of Annualized Premium

213.50% of Annualized Premium

10 years

15 years

259.25% of Annualized Premium

228.25% of Annualized Premium

11 years

11 years

209.50% of Annualized Premium

185.25% of Annualized Premium

11 years

12 years

230.25% of Annualized Premium

204.50% of Annualized Premium

11 years

13 years

244.50% of Annualized Premium

218.00% of Annualized Premium

11 years

14 years

263.50% of Annualized Premium

232.25% of Annualized Premium

11 years

15 years

280.25% of Annualized Premium

249.25% of Annualized Premium

11 years

16 years

299.25% of Annualized Premium

266.00% of Annualized Premium

12 years

12 years

240.25% of Annualized Premium

211.50% of Annualized Premium

12 years

13 years

257.25% of Annualized Premium

219.75% of Annualized Premium

12 years

14 years

273.50% of Annualized Premium

243.75% of Annualized Premium

12 years

15 years

295.75% of Annualized Premium

260.50% of Annualized Premium

12 years

16 years

318.00% of Annualized Premium

281.75% of Annualized Premium

12 years

17 years

345.75% of Annualized Premium

309.25% of Annualized Premium


For Entry Ages: 51 to 60 years

Premium Payment Term

Policy Term

Guaranteed Income payable each year during the Payout Period

10 years

12 years

7 years

7 years

100.50% of Annualized Premium

88.00% of Annualized Premium

7 years

8 years

108.00% of Annualized Premium

95.75% of Annualized Premium

7 years

9 years

116.75% of Annualized Premium

102.50% of Annualized Premium

7 years

10 years

123.25% of Annualized Premium

110.00% of Annualized Premium

7 years

11 years

133.50% of Annualized Premium

117.75% of Annualized Premium

7 years

12 years

143.25% of Annualized Premium

126.50%of Annualized Premium

8 years

8 years

124.50% of Annualized Premium

109.25% of Annualized Premium

8 years

9 years

132.00% of Annualized Premium

118.00% of Annualized Premium

8 years

10 years

141.75% of Annualized Premium

125.75% of Annualized Premium

8 years

11 years

154.00% of Annualized Premium

135.50% of Annualized Premium

8 years

12 years

165.00% of Annualized Premium

145.50% of Annualized Premium

8 years

13 years

174.25% of Annualized Premium

154.50% of Annualized Premium

9 years

9 years

148.75% of Annualized Premium

130.00% of Annualized Premium

9 years

10 years

159.50% of Annualized Premium

141.00% of Annualized Premium

9 years

11 years

170.50% of Annualized Premium

151.00% of Annualized Premium

9 years

12 years

181.50% of Annualized Premium

162.25% of Annualized Premium

9 years

13 years

194.75% of Annualized Premium

173.25% of Annualized Premium

9 years

14 years

207.25% of Annualized Premium

183.50% of Annualized Premium

10 years

10 years

172.75% of Annualized Premium

153.50% of Annualized Premium

10 years

11 years

186.75% of Annualized Premium

165.50% of Annualized Premium

10 years

12 years

201.25% of Annualized Premium

178.75% of Annualized Premium

10 years

13 years

216.75% of Annualized Premium

190.75%of Annualized Premium

10 years

14 years

229.25% of Annualized Premium

203.25% of Annualized Premium

10 years

15 years

244.50% of Annualized Premium

215.75% of Annualized Premium

11 years

11 years

202.25% of Annualized Premium

178.75% of Annualized Premium

11 years

12 years

216.50% of Annualized Premium

190.75% of Annualized Premium

11 years

13 years

233.00% of Annualized Premium

208.50% of Annualized Premium

11 years

14 years

249.75% of Annualized Premium

221.00% of Annualized Premium

11 years

15 years

263.25% of Annualized Premium

235.50% of Annualized Premium

11 years

16 years

280.25% of Annualized Premium

245.00% of Annualized Premium

12 years

12 years

229.75% of Annualized Premium

202.50% of Annualized Premium

12 years

13 years

239.00% of Annualized Premium

204.25% of Annualized Premium

12 years

14 years

259.00% of Annualized Premium

231.25% of Annualized Premium

12 years

15 years

278.00% of Annualized Premium

243.50% of Annualized Premium

12 years

16 years

295.75% of Annualized Premium

261.50% of Annualized Premium

12 years

17 years

318.25% of Annualized Premium

292.00% of Annualized Premium


b. Life Long Income: This option pays you a Guaranteed Income up to age 99 years plus return of premiums paid at the end of payout period.

Guaranteed Income^ payable each year during the payout period

Premium Payment Term

Policy Term

Entry Ages: 50 to 60 years

5 years

6 years 

34.50% of Annualized Premium 

6 years

7 years

44.75% of Annualized Premium

10 years

11 years

98.75% of Annualized Premium

12 years

13 years

131.75% of Annualized Premium


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 plus return of premiums paid at the end of payout period, on payment of all due premiums

Entry Ages: 5 to 60 years

 

Premium Payment Term

Policy Term

Guaranteed Income payable each year during the Payout Period

25 years

30 years

5 years

5 years

34.25% of Annualized Premium

34.00% of Annualized Premium

5 years

6 years

37.00% of Annualized Premium

36.50% of Annualized Premium

5 years

7 years

40.00% of Annualized Premium

39.50% of Annualized Premium

5 years

8 years

43.75% of Annualized Premium

43.00% of Annualized Premium

5 years

9 years

46.75% of Annualized Premium

46.25% of Annualized Premium

5 years

10 years

52.50% of Annualized Premium

52.00% of Annualized Premium

6 years

6 years

44.50% of Annualized Premium

43.75% of Annualized Premium

6 years

7 years

48.75% of Annualized Premium

47.25% of Annualized Premium

6 years

8 years

52.00% of Annualized Premium

51.50% of Annualized Premium

6 years

9 years

56.50% of Annualized Premium

56.00% of Annualized Premium

6 years

10 years

61.00% of Annualized Premium

60.50% of Annualized Premium

6 years

11 years

65.75% of Annualized Premium

65.25% of Annualized Premium

7 years

7 years

56.75% of Annualized Premium

56.00% of Annualized Premium

7 years

8 years

63.25% of Annualized Premium

62.25% of Annualized Premium

7 years

9 years

68.25% of Annualized Premium

67.25% of Annualized Premium

7 years

10 years

73.75% of Annualized Premium

73.00% of Annualized Premium

8 years

8 years

69.00% of Annualized Premium

68.25% of Annualized Premium

8 years

9 years

75.75% of Annualized Premium

75.00% of Annualized Premium

8 years

10 years

81.50% of Annualized Premium

80.75% of Annualized Premium

8 years

11 years

88.00% of Annualized Premium

87.25% of Annualized Premium

9 years

9 years

82.25% of Annualized Premium

81.00% of Annualized Premium

9 years

10 years

90.00% of Annualized Premium

88.75% of Annualized Premium

9 years

11 years

96.75% of Annualized Premium

95.75% of Annualized Premium

10 years

10 years

97.25% of Annualized Premium

96.00% of Annualized Premium

10 years

11 years

106.00% of Annualized Premium

104.75% of Annualized Premium

10 years

12 years

119.50% of Annualized Premium

119.25% of Annualized Premium

11 years

11 years

112.50% of Annualized Premium

110.75% of Annualized Premium

11 years

12 years

123.00% of Annualized Premium

121.25% of Annualized Premium

12 years

12 years

131.25% of Annualized Premium

129.50% of Annualized Premium

12 years

13 years

141.25% of Annualized Premium

139.25% of Annualized Premium

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 benefit equal to Sum Assured on Death shall be payable to the nominee. 

Sum Assured on Death is the highest of:

  • 10 times the Annualized Premium1, or

  • 105% of Total Premiums paid2, or

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

  • Guaranteed 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 Premium you commit to pay in a policy year.

Guaranteed 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 benefit, the policy terminates and no further benefits are payable.

1 Annualized Premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
2 Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

8 What if the death occurs during the payout period?

On death of the Life Assured during the Payout Period, the nominee shall continue receiving Guaranteed Income as per Income Payout Frequency & benefit option chosen till the end of Payout Period.

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 Period, you shall have an option to receive the future income as a lump sum, 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 Premium more than Rs. 1.5 lakhs.

Annual Premium size

Additional Maturity Benefit (% of Total Maturity Benefit Payable)

Annual Additional Income

 

(% of Annualised Premium)

 

Guaranteed Maturity Option

Life Long Income/ Long Term Income

Guaranteed Income

 

5 pay

6 & 7 pay

8 & 9 pay

10 pay

5 pay

6 & 7 pay

8 & 9 pay

10 pay

11 & 12 pay

5 pay

6 & 7 pay

8 & 9 pay

10 pay

11 & 12 pay

Rs. 0 – Rs. 1,50,000

Nil

 

Rs. 1,50,001 – Rs. 2,99,999

0.50%

0.60%

0.70%

0.75%

0.75%

0.80%

0.90%

1.00%

1.25%

0.50%

0.65%

0.80%

1.00%

1.25%

Rs. 3,00,000 – Rs. 4,99,999

1%

1.10%

1.25%

1.50%

1.25%

1.40%

1.70%

2.00%

2.50%

1.00%

1.30%

1.60%

2.00%

2.50%

Rs. 5,00,000 and above

2%

2.10%

2.15%

2.25%

1.50%

1.70%

2.05%

2.50%

3.00%

2.00%

2.10%

2.25%

2.50%

3.00%

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 will acquire a Guaranteed Surrender Value (GSV) upon the payment of at least first two years’ premiums.

17 Do I have option to avail loan under the policy?

The policyholder can avail Loan under the policy provided the policy has acquired a surrender 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. This option is available for entry ages 50 to 60 years. 

ARN:  PP/08/22/28385