HDFC Life · Savings · Guaranteed Lump Sum
Guaranteed Savings Plan
A non-participating savings plan that pays a fixed, pre-declared lump sum at maturity while giving a life cover in the meantime — no market risk, no bonuses, just a locked-in number.
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 Lump Sum
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 savings plan that pays a fixed, pre-declared lump sum at maturity while giving a life cover in the meantime — no market risk, no bonuses, just a locked-in number.
You might need this if…
- You might need this if you want to know the exact maturity amount on day one rather than depend on bonuses or market returns.
- Useful if you're saving toward a child's near-term goal — entry age can be as young as 8, with maturity by age 18.
- Good fit if you want to avoid medicals — the plan can be issued on self-declaration of good health.
- Works if you can commit to a short pay period (5-12 years) for a policy that runs a bit longer (10-20 years).
How it actually works
- Choose Single Pay (5,7,10,15-year terms) or Limited Pay (pay 5-12 years for policies running 10-20 years).
- Premiums run from ₹5,000 to ₹2,50,000 a year; sum assured on maturity ranges roughly ₹10,000 to ₹25,00,000.
- Death benefit is the highest of 10x annualised premium (or 1.25x/10x single premium), 105% of premiums paid, or the sum assured on maturity — with a distinct, lower payout for non-accidental death in the first 90 days.
- Maturity benefit is simply the pre-agreed Sum Assured on Maturity, paid as a lump sum if you survive the term and pay all premiums.
- No optional riders are offered with this plan — it's a standalone base product.
- Policy loans available up to 80% of surrender value at a G-Sec-linked rate (currently ~9.5% p.a.).
Worked example
For a 35-year-old male paying about ₹430/month for a 5-year premium term on a 10-year policy, the brochure shows a Sum Assured on Maturity of ₹32,346. In a separate illustration, a 30-year-old paying ₹10,291/year for 5 years on a 15-year policy targets a maturity payout of ₹1,00,000.
The tiers
| Policy Year | Single Pay (5-yr) | Limited Pay (10-yr) | Limited Pay (20-yr) |
|---|
| 1 | 30% | 75% | 75% |
| 3 | 50% | 75% | 90% |
| 10 | 73% | 90% | 90% |
| 20 | 90% | - | 90% |
Worth knowing before you decide
- This is a non-participating plan — you get exactly the declared maturity sum, no upside from company profits or market performance.
- Suicide within 12 months of start/revival limits the payout to 80% of premiums paid or surrender value, whichever is higher.
- Surrender before 2 years' premiums are paid usually forfeits most value; the guaranteed surrender value scales up only in later years.
- Free-look window is 30 days; revival of a lapsed policy is allowed only within 5 years, subject to fresh underwriting.
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →