HDFC Life · Savings · Guaranteed Income
Guaranteed Income Insurance Plan
A non-participating plan that pays a fixed guaranteed income (about 11-12% of sum assured annually) for a set payout period, plus a lump sum at maturity and death cover throughout.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Traditional
CategoryGuaranteed Income
InsurerHDFC Life
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A non-participating plan that pays a fixed guaranteed income (about 11-12% of sum assured annually) for a set payout period, plus a lump sum at maturity and death cover throughout.
You might need this if…
- You might need this if you want a fully guaranteed income number you can plan around, with no dependence on bonus declarations.
- Useful for retirement income planning — you can choose the deferment period and how long the income runs (up to PPT + 5 years, or extended options for the 3-Pay variant).
- Good if you want the option of a lump-sum death benefit or a 5-year monthly instalment payout (Family Income Payout) instead.
- Fits a wide age range — entry from 18 to 65, and very flexible premium payment terms (3 to 15 years).
How it actually works
- Premium Payment Terms of 3, 5, 6, 7, 8, 10, 12, or 15 years; policy terms from 10 up to 60 years, with a deferment period of up to PPT+5 years.
- Minimum premium is ₹12,000-24,000/year depending on the PPT chosen.
- Guaranteed Income runs at roughly 11%-12% of Sum Assured per year, payable monthly or annually, in advance or arrears.
- Maturity benefit = Sum Assured, paid as a lump sum along with the final income instalment.
- Death benefit = highest of (10x/7x/5x annualised premium), 105% of total premiums paid, or the Sum Assured — payable throughout the term, not reduced by income already paid; you can choose a lump sum or a 60-month Family Income Payout equal to 110% of the death benefit.
- Five optional riders available: Accidental Disability Income, Protect Plus, Waiver of Premium, Health Plus, and LiveWell.
Worked example
Balaji, age 35, pays ₹50,665/year for 15 years on a 30-year policy. From year 16 to year 30 he receives a Guaranteed Annual Income of ₹1,02,884 (11% of sum assured), and at maturity a lump sum of ₹9,35,310 along with the final income instalment.
Worth knowing before you decide
- This is a non-participating plan — the income and maturity amounts are fixed at inception, with no bonus upside but also no downside risk from investment performance.
- If the life assured is under 12 years old at entry, full death cover only starts after the 2nd policy year.
- Suicide within 12 months of start/revival limits payout to 80% of premiums paid or surrender value.
- Loan facility is capped at 80% of the Special Surrender Value, and the plan can be foreclosed if outstanding loan and interest exceed the surrender value.
Official source
⌟ Official product brochure
Learn about this category
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