HDFC Life · Savings · Guaranteed Lump Sum
Sanchay Fixed Maturity Plan
A non-participating plan built purely around a guaranteed lump sum at a fixed maturity date, available on both single-life and joint-life (e.g., spouse) basis.
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 plan built purely around a guaranteed lump sum at a fixed maturity date, available on both single-life and joint-life (e.g., spouse) basis.
You might need this if…
- You might need this if you want a single guaranteed number at a fixed future date — no bonus uncertainty, no income stream to manage.
- Useful for couples who want joint coverage — a Joint Life option lets both spouses be covered, with distinct payouts for first and second death.
- Good for very flexible time horizons — policy terms can run anywhere from 5 to 40 years.
- Fits savers who want a Single Premium, pay-once-and-forget structure, alongside the option to pay over several years instead.
How it actually works
- Entry age 90 days to 65 years (single life) or up to 65 years (joint life); policy terms of 5-40 years, Single Premium or Regular/Limited Pay.
- Minimum premium starts at ₹10,000 (single premium or annual, single life); joint life minimums are higher (₹12,500 single premium, ₹70,000 annual).
- Maturity benefit = premium x a Guaranteed Maturity Multiple that varies by age and payment term (declared by the insurer, not fixed in the brochure).
- Death benefit (single life) = highest of the Sum Assured on Death, a Death Benefit Multiple (up to ~1.5x single premium or 10x annual premium), 105% of premiums paid, or the surrender value.
- Joint life: first death pays a smaller benefit and the policy continues; second death pays the larger, full death benefit calculated the same way as single life.
- Three optional riders: Accidental Disability Income Benefit, Protect Plus, and Waiver of Premium.
Worked example
Mr. Kumar, age 35, pays ₹1,00,000/year for 10 years on a 10-year single-life policy. Maturity benefit: ₹11,57,900, against a death cover starting at ₹10,00,000. A joint-life example (ages 30/35, single premium ₹1,00,000, 20-year term) shows a maturity benefit of ₹2,95,000, first-death benefit of ₹1,25,000, and second-death benefit of ₹12,50,000.
Worth knowing before you decide
- This is a non-participating plan — the Guaranteed Maturity Multiple is fixed by the insurer's tables and not disclosed in full within the brochure; the exact multiplier depends on age and term.
- For the POS (point-of-sale) variant, maximum death cover is capped at ₹25,00,000 and no riders are available.
- Suicide within 12 months of start/revival limits the single-life payout to 80% of premiums paid or the surrender value.
- Policy loans are capped at 80% of surrender value; premature exit before 2 years' premiums are paid yields little to no guaranteed surrender value.
Official source
⌟ Official product brochure
Learn about this category
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