HDFC Life · Savings · Non-Par Guaranteed
Saral Jeevan
A simple, non-participating savings plan offered either as a lump-sum-at-maturity variant or a fixed guaranteed-income variant, alongside a straightforward life cover.
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
CategoryNon-Par Guaranteed
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 simple, non-participating savings plan offered either as a lump-sum-at-maturity variant or a fixed guaranteed-income variant, alongside a straightforward life cover.
You might need this if…
- You might need this if you want a plain-vanilla guaranteed plan without bonus complexity — pick lump sum or a fixed income stream.
- Useful for parents starting a savings plan for a newborn — entry age starts from 30 days old.
- Good if your priority is predictable numbers: guaranteed income percentages and death benefit multiples are fixed at inception.
- Fits shorter savings horizons too — policy terms as short as 5-6 years are available on the income variant.
How it actually works
- Lump Sum variant: policy terms of 6-12 years (extendable to 20 with premium term). Income variant: policy terms of 5-11 years, income paid after the pay period ends.
- Minimum premium ranges from ₹10,000 to ₹20,000/year depending on premium payment term chosen.
- Death benefit = higher of (7x or 10x annualised premium) or 105% of total premiums paid.
- Income variant payouts are a fixed % of sum assured (e.g., roughly 12.5%-20% annually, or ~1%-1.76% monthly) for several years after the pay period.
- Two optional riders available: Accidental Disability Income Benefit and Protect Plus (cancer/accident cover) — not available on the POS (point-of-sale) version.
- Premium discounts of up to ~19% apply for high annual premiums and longer payment terms.
Worked example
Mr. Rahul, age 35, pays ₹10,000/year for 10 years on the Income variant (10-year term). Life cover is ₹1,00,000. After the pay period, he gets a guaranteed annual income of ₹13,722 for 10 years (total ₹1,37,220), or alternatively ₹1,098/month for 120 months. On the Lump Sum variant with the same inputs but a 20-year term, the maturity payout is ₹1,84,195.
Worth knowing before you decide
- This is a non-participating plan — no bonuses; what's illustrated is what you get.
- For a life assured under 12 years old, full death benefit only kicks in after the 2nd policy year; before that only premiums are refunded.
- Suicide within 12 months of start/revival limits payout to 80% of premiums paid or surrender value.
- No death benefit is payable after the policy term ends, even if the income variant payout period is still running — only the guaranteed income continues to the nominee.
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →