HDFC Life · Savings · Guaranteed Income
Sanchay Plus
A non-participating guaranteed savings plan with four distinct payout structures — a one-time Maturity lump sum, a fixed-term Guaranteed Income, Life Long Income to age 99, or Long Term Income for 25-30 years.
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 guaranteed savings plan with four distinct payout structures — a one-time Maturity lump sum, a fixed-term Guaranteed Income, Life Long Income to age 99, or Long Term Income for 25-30 years.
You might need this if…
- You might need this if you want a fully guaranteed (non-bonus-dependent) plan but with a choice of payout shape to match your goal.
- Useful for retirement income specifically via the Life Long Income option, which pays until age 99 and then returns your total premiums.
- Good for a defined medium-term need via the Guaranteed Income option (fixed 10 or 12-year payout after the term ends).
- Fits people who want to convert future income into a lump sum too — an optional Sum Assured on Maturity is available, calculated as the present value of future payouts.
How it actually works
- Entry age 18-50 (or 50-only for Life Long Income); minimum premium ₹30,000/year or Single Pay from ₹30,000.
- Guaranteed Maturity option: lump sum = total premiums paid + Guaranteed Additions accruing from a set policy year onward.
- Guaranteed Income option: fixed income for 10 or 12 years, starting the year after the policy term ends.
- Life Long Income: guaranteed income until age 99, plus return of total premiums paid at the end of the payout period.
- Long Term Income: guaranteed income for a fixed 25 or 30 years, plus return of premiums at the end.
- Death benefit (all options) = highest of a death multiple (up to 15x annualised premium, or 1.5x single premium, by age) or 105% of premiums paid; five optional riders available including Health Plus and LiveWell.
Worked example
A healthy 30-year-old pays ₹1,00,000/year for 10 years on the Long Term Income option (11-year term). Sum assured: ₹12,50,000. From year 12 he gets ₹97,750/year for 25 years, and at the end of that period a return of ₹10,00,000 (his total premiums paid). On the Guaranteed Maturity option with similar inputs (20-year term), the lump sum at maturity is ₹25,32,440.
The tiers
| Age at Entry (Single Premium) | Death Benefit Multiple |
|---|
| 0-5 | 1.50x |
| 20-21 | 1.40x |
| 50-65 | 1.25x |
Worth knowing before you decide
- This is a non-participating plan, but the brochure notes some income figures use a 9% discount rate assumption for optional lump-sum conversions — check the current rate at purchase.
- Once chosen, the plan option (Maturity / Guaranteed Income / Life Long Income / Long Term Income) cannot be changed during the policy term.
- Suicide within 12 months of start/revival limits payout to 80% of premiums paid or surrender value.
- The POS (point-of-sale) variant caps death cover at ₹25,00,000 and excludes riders.
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →