Why you need this Plan ?
- Guaranteed* Benefit Payouts
- Life cover to protect the family's future
- Steady retirement income with Life Long Income Option
- Tax Benefits**
- *Provided all due premiums have been paid and the policy is in force.
- **As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
START PLANNING YOUR INVESTMENT HERE
Explore HDFC Life Sanchay Plus

Plan Variants

A plan option which offers guaranteed benefit payable as lump sum at maturity.

A plan option which offers maturity benefit in the form of Guaranteed Regular Income for a fixed term of 10 or 12 years.

A plan option which offers maturity benefit in the form of Guaranteed Regular Income up to age of 99 years and return of total premiums paid at the end of payout period.

A plan option which offers maturity benefit in the form of Guaranteed Income for a fixed term of 25 or 30 years and return of total premiums paid at the end of payout period.
Benefits
Guaranteed Maturity Option
Maturity Benefit:
The maturity benefit is equal to Guaranteed Sum Assured on Maturity plus accrued Guaranteed Additions.
Where, Guaranteed Sum Assured on Maturity is total Annualized Premium payable under the policy during the premium payment term.
Death Benefit:
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 Premium4 , or
- 105% of Total Premiums paid5, 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 shall be equal to the applicable Death Benefit Multiple times the Annualized Premium. Please refer product brochure for applicable Death Benefit Multiples.
Upon the payment of the death benefit, the policy terminates and no further benefits are payable
4Annualized 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.
5Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.Guaranteed Income Option
Maturity Benefit
Maturity benefit is payable in the form of Guaranteed Income for fixed term of 10 or 12 years upon payment of all due premiums and life assured surviving the policy term.
Please note that 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.
Guaranteed Sum Assured on Maturity shall be the present value of future payouts, discounted at a rate of 9% p.a.
Death Benefit
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 Premium, or
- 105% of Total Premiums paid, 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 shall be equal to the applicable Death Benefit Multiple times the Annualized Premium. Please refer product brochure for applicable Death Benefit Multiples.
Upon the payment of the death benefit, the policy terminates and no further benefits are payable.
Life Long Income Option
Maturity Benefit
Maturity benefit is payable in the form of a 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.
Please note that 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.
Guaranteed Sum Assured on Maturity shall be the present value of future payouts, discounted at a rate of 9% p.a.
** Total premiums paid are returned at the end of the Payout period, irrespective of survival of the Life Assured during the Payout Period.
Death Benefit
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 Premium, or
- 105% of Total Premiums paid, 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 shall be equal to the applicable Death Benefit Multiple times the Annualized Premium. Please refer product brochure for applicable Death Benefit Multiples.
Upon the payment of the death benefit, the policy terminates and no further benefits are payable.
Long Term Income Option
Maturity Benefit
This option offers a benefit of guaranteed income for fixed term of 25 or 30 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.
Please note that 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.
Guaranteed Sum Assured on Maturity shall be the present value of future payouts, discounted at a rate of 9% p.a.
** Total premiums paid are returned at the end of the Payout period, irrespective of survival of the Life Assured during the Payout Period.
Death Benefit
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 Premium, or
- 105% of Total Premiums paid, 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 shall be equal to the applicable Death Benefit Multiple times the Annualized Premium. Please refer product brochure for applicable Death Benefit Multiples.
Upon the payment of the death benefit, the policy terminates and no further benefits are payable.
Eligibility Criteria | Plan Option | Minimum | Maximum |
AGE AT ENTRY
Guaranteed Income | 51 | 60 |
Guaranteed Maturity | 51 | |
Life Long Income | 50 | |
Long Term Income | 51 |
AGE AT MATURITY
Guaranteed Income | 18 | 73 |
Guaranteed Maturity | 18 | 80 |
Life Long Income | 56 | 73 |
Long Term Income | 18 | 73 |
Minimum Installment Premium
All Options | Annual: INR 30,000 |
Maximum Installment Premium
All Options | No limit, subject to Board Approved Underwriting Policy (BAUP) |
Riders
All Options | HDFC Life Income Benefit on Accidental Disability Rider (101B013V03) |
1Risk 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
Illustration of benefits for healthy male aged 30 years (50 years for Life Long Income Option), who pays INR 1 Lac + Taxes per annum throughout the premium paying term and survives the policy term.
Plan Option | Sum Assured | Death Benefit at Inception* | Policy Term (years) | Premium Paying Term (years) | Maturity Benefit (INR) |
Guaranteed Maturity | 1,287,500 | 1,287,500 | 20 | 10 | 2,272,489 paid as a lump sum at Maturity |
Guaranteed Income | 1,287,500 | 1,541,484 | 13 | 12 | Guaranteed Income^ of Rs. 2,15,270 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 Income^ of Rs. 97,850 p.a. from 12th year to 36th year (payout period of 25 years) + Rs. 10,30,000 at the end of payout period(36th year) |
Life Long Income | 1,081,500 | 1,081,500 | 11 | 10 | Guaranteed Income^ of Rs. 91,670 p.a. from 12th year till age 99 years (38 years) + Rs. 10,30,000 at the end of payout period. |
^ Guaranteed Income Amount payable in arrears on annual frequency during the payout period (After the policy term).
* 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.

Having problems in understanding the jargons, let us help you out.
Frequently Asked Questions
✅
What are the Plan Options available under HDFC Life Sanchay Plus?
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 payout 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 payout period.
✅
What is the minimum – maximum Premium Paying Term and Policy Term?
Below are the premium paying terms and policy terms respectively:
Options | Premium Paying Term | Policy Term |
Guaranteed Maturity | 5 , 6 and 10 years | 10, 12 and 20 years |
Guaranteed Income | 10 and 12 years | 11 and 13 years |
Life Long Income | 5,6,10 and 12 years | 6,7,11 and 13 years |
Long Term Income | 5,6,10 and 12 years | 6,7,11 and 13 years |
✅
What is the premium frequency available under policy?
The premiums can be paid annually, half-yearly, quarterly and monthly.
✅
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.
1Annualized 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.
✅
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.
1Annualized 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.
2Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
✅
What is the Maturity Benefit under Guaranteed Income, Life Long Income and Long Term Income option?
Maturity Benefit is payable in the form of Guaranteed Income for a fixed term upon payment of all due premiums and life assured surviving the policy term.
- Guaranteed Income: This option pays you a Guaranteed Income for fixed term of 10 or 12 years.
Premium Payment Term | Guaranteed Income^ payable each year during the payout period | |
Entry Ages: 5 to 50 years | Entry Ages: 51 to 60 years | |
10 years | 188% of Annualized Premium | 179% of Annualized Premium |
12 years | 209% of Annualized Premium | 194% of Annualized Premium |
- 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 | 31% of Annualized Premium |
6 years | 7 years | 40% of Annualized Premium |
10 years | 11 years | 89% of Annualized Premium |
12 years | 13 years | 118% of Annualized Premium |
- Long Term Income: This option pays you a Guaranteed Income for fixed term of 25 or 30 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: 5 to 60 years |
5 years | 6 years | 33% of Annualized Premium |
6 years | 7 years | 42.5% of Annualized Premium |
10 years | 11 years | 95% of Annualized Premium |
12 years | 13 years | 126.5% of Annualized Premium |
The amount of guaranteed income is a Percentage (%) of Annualized Premium1 and shall depend on Premium Payment Term. Please refer brochure for more details.
1Annualized Premiums excludes taxes and other statutory levies, extra premium on account of underwriting or payment frequency and rider premiums, if any
^ An additional income is payable in case of higher premium amount.
✅
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.
1Annualized 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.
2Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
✅
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.
✅
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.
✅
Is there any option where I can receive income for whole life?
Yes, Life Long option offers you a Guaranteed Income up to age 99 years.
✅
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 pay | 10 pay | 5 pay | 6 pay | 10 pay | 12 pay | 10 pay | 12 pay | |||
Rs. 0 - Rs. 1,50,000 | Nil |
| Nil |
| Nil | Nil | |||||
Rs. 1,50,001 - Rs. 2,99,999 | 0.5% | 0.6% | 0.75% | 0.75% | 0.80% | 0.75% | 1.25% | 1.00% | 1.25% | ||
Rs. 3,00,000 - Rs. 4,99,999 | 1% | 1.1% | 1.5% | 1.25% | 1.40% | 1.5% | 2.50% | 2.00% | 2.50% | ||
Rs. 5,00,000 and above | 2% | 2.1% | 2.25% | 1.50% | 1.70% | 2.25% | 3.00% | 2.50% | 3.00% |
✅
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.
✅
Can I change the Plan Option once chosen?
No, Plan option once chosen at inception cannot be changed throughout the policy term.
✅
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.
✅
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.
✅
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.
✅
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.
Downloads
Product brochure download
Death Benefit Multiple

Having problems in understanding the jargons, let us help you out.
HOW CAN WE HELP YOU
Stay updated with HDFC Life
Get HDFC Life updates in your mailbox