Close
  • Close

Help Us To Help You

Thank you for your interest. Our representative will get in touch with you shortly

You may be eligible for a pre approved loan.
Login to NetBanking

(A Non-Participating, Non-Linked Savings Insurance Plan)

UIN: 101N134V09

Your search for the savings insurance plan ends here! Introducing “HDFC Life Sanchay Plus”, a non-participating, non-linked, savings insurance plan that offers guaranteed3 returns whilst safeguarding your family's future against the unforeseen events. It enables systematic savings and provides assured regular income so that you can fulfill your family’s dreams and commitments with ease.

Buy Now

key attractions

Guaranteed1 Benefits

Rest assured of the returns

Flexibility

Guaranteed benefits as a lump sum or as regular income

Life Long and Long Term Income Options

Guaranteed income payout as per option chosen return the total premiums2 paid at the end of payout period

Eligibility

  • Entry Age: Non POS Variant

    • Min:

      • Guaranteed Income - 51

      • Guaranteed Maturity - 51

      • Life Long Income - 50

      • Long Term Income - 51

    • Max: 60 years

  • Maturity Age:

    • ​​Min:

      • Guaranteed Income - 18

      • Guaranteed Maturity - 18

      • Life Long Income - 56

      • Long Term Income - 18

    • Max:

      • Guaranteed Income - 73

      • Guaranteed Maturity - 80

      • Life Long Income - 73

      • Long Term Income - 73

  • Policy Term:

    • Guaranteed Income

      • Policy term of 11 years for Premium Payment Term of 10 years

      • Policy term of 13 years for Premium Payment Term of 12 years

    • Guaranteed Maturity

      • Policy term of 10 years for Premium Payment Term of 5 years

      • Policy term of 12 years for Premium Payment Term of 6 years

      • Policy term of 20 years for Premium Payment Term of 10 years

    • Life Long Income

      • Policy term of 6 years for Premium Payment Term of 5 years

      • Policy term of 7 years for Premium Payment Term of 6 years

      • Policy term of 11 years for Premium Payment Term of 10 years

      • Policy term of 13 years for Premium Payment Term of 12 years

    • Long Term Income

      • Policy term of 6 years for Premium Payment Term of 5 years

      • Policy term of 7 years for Premium Payment Term of 6 years

      • Policy term of 11 years for Premium Payment Term of 10 years

      • Policy term of 13 years for Premium Payment Term of 12 years

1Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest on the Life Assured on attainment of age 18 years.

All ages mentioned above are age last birthday.

Benefits

Maturity Benefit: The maturity benefit is equal to Guaranteed Sum Assured on Maturity plus accrued Guaranteed Additions. Where, Guaranteed Sum Assured on Maturity is total Annualized Premium payable under the policy during the premium payment term.

Guaranteed Additions (GA) will accrue at every policy anniversary after thePremium Payment Term (PPT) for PPT = 5 and 6 years. For PPT = 10 years, GA will accrue starting 8th policy anniversary. The rate of Guaranteed Addition shall be as defined below:

End of policy year

Guaranteed Addition per 1000 Guaranteed Sum Assured on Maturity

PPT=5

PPT=6

PPT=10

Age<=45

Age 46-50

Age 51-55

Age 56-60

Age<=45

Age 46-50

Age 51-55

Age 56-60

Age<=45

Age 46-50

Age 51-55

Age 56-60

1 to 5

_

_

_

_

_

_

_

_

_

_

_

_

6

63.8

58.9

54

49.1

_

_

_

_

_

_

_

_

7

63.8

58.9

54

49.1

77.1

72.2

67.8

63

_

_

_

_

8

63.8

58.9

54

49.1

77.1

72.2

67.8

63

65.1

63.2

60.8

57.9

9

63.8

58.9

54

49.1

77.1

72.2

67.8

63

65.1

63.2

60.8

57.9

10

63.8

58.9

54

49.1

77.1

72.2

67.8

63

75.1

73.2

70.8

67.9

11

 

 

 

 

77.1

72.2

67.8

63

75.1

73.2

70.8

67.9

12

 

 

 

 

87.1

82.2

77.8

73

85.1

83.2

80.8

77.9

13

 

 

 

 

 

 

 

 

85.1

83.2

80.8

77.9

14

 

 

 

 

 

 

 

 

95.1

93.2

90.8

87.9

15

 

 

 

 

 

 

 

 

95.1

93.2

90.8

87.9

16

 

 

 

 

 

 

 

 

105.1

103.2

100.8

97.9

17

 

 

 

 

 

 

 

 

105.1

103.2

100.8

97.9

18

 

 

 

 

 

 

 

 

115.1

113.2

110.8

107.9

19

 

 

 

 

 

 

 

 

115.1

113.2

110.8

107.9

20

 

 

 

 

 

 

 

 

125.1

123.2

120.8

117.9

Death Benefit: In case of death of Life Assured during the policy term, the death benefit equal to Sum Assured on Death plus Accrued Guaranteed Additions shall be payable to the nominee.

Sum Assured on Death is the highest of:

  • 10 times the Annualized Premium*, or

  • 105% of Total Premiums paid**, or

  • Guaranteed Sum Assured on Maturity, or

  • An absolute amount assured to be paid on death, which is equal to the Sum Assured.

Sum Assured shall be equal to the applicable Death Benefit Multiple times the Annualized Premium. Please refer product brochure for applicable Death Benefit Multiples.

Upon the payment of the death benefit, the policy terminates and no further benefits are payable

*Annualized Premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
**Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

 

Guaranteed Income Option:

Maturity Benefit: Maturity benefit is payable in the form of Guaranteed Income for fixed term of 10 or 12 years upon payment of all due premiums and life assured surviving the policy term.

The amount of guaranteed income^ depends upon the Premium Payment Term as defined below:

Premium Payment Term

Guaranteed Income^ payable each year during the payout period

Entry Ages: 5 to 50 years

Entry Ages: 51 to 60 years

10 years

188% of Annualized Premium

179% of Annualized Premium

12 years

209% of Annualized Premium

194% of Annualized Premium

Please note that on death of the Life Assured during the Payout Period, the nominee shall continue receiving Guaranteed Income as per Income Payout Frequency & benefit option chosen till the end of Payout Period.

Guaranteed Sum Assured on Maturity shall be the present value of future payouts, discounted at a rate of 9% p.a.

 

Death Benefit: In case of death of Life Assured during the policy term, the death benefit equal to Sum Assured on Death shall be payable to the nominee.

Sum Assured on Death is the highest of:

  • 10 times the Annualized Premium, or

  • 105% of Total Premiums paid, or

  • Premiums paid accumulated at an interest of 5% p.a. compounded annually, or

  • Guaranteed Sum Assured on Maturity, or

  • An absolute amount assured to be paid on death, which is equal to the Sum Assured

Sum Assured shall be equal to the applicable Death Benefit Multiple times the Annualized Premium. Please refer product brochure for applicable Death Benefit Multiples.

Upon the payment of the death benefit, the policy terminates and no further benefits are payable.

^ An additional income is payable in case of higher premium amount, please refer to the Enhanced benefit for High Premium Policy in the brochure

 

Life Long Income Option:

Maturity Benefit: Maturity benefit is payable in the form of a guaranteed income up to age 99 years and a return of premium at the end of payout period upon payment of all due premiums and life assured surviving the policy term.

The amount of guaranteed income^ shall depend upon the Premium Payment Term chosen as per the table given below:

Premium Payment Term

Guaranteed Income^ payable each year during the payout period#

Policy Term

Entry Ages: 50 to 60 years

5 years

6 years

31.75% of Annualized Premium

6 years

7 years

41% of Annualized Premium

10 years

11 years

91% of Annualized Premium

12 years

13 years

121% of Annualized Premium

Please note that on death of the Life Assured during the Payout Period, the nominee shall continue receiving Guaranteed Income as per Income Payout Frequency & benefit option chosen till the end of Payout Period.

Guaranteed Sum Assured on Maturity shall be the present value of future payouts, discounted at a rate of 9% p.a.

Death Benefit: In case of death of Life Assured during the policy term, the death benefit equal to Sum Assured on Death shall be payable to the nominee.

Sum Assured on Death is the highest of:

  • 10 times the Annualized Premium, or

  • 105% of Total Premiums paid, or

  • Premiums paid accumulated at an interest of 5% p.a. compounded annually, or

  • Guaranteed Sum Assured on Maturity, or

  • An absolute amount assured to be paid on death, which is equal to the Sum Assured

Sum Assured shall be equal to the applicable Death Benefit Multiple times the Annualized Premium. Please refer product brochure for applicable Death Benefit Multiples.

Upon the payment of the death benefit, the policy terminates and no further benefits are payable.

^An additional income is payable in case of higher premium amount, please refer to the Enhanced benefit for High Premium Policy

#Payout period is 99 minus age of Life Insured as at the end of policy term

 

Long Term Income Option:

Maturity Benefit: This option offers a benefit of guaranteed income for fixed term of 25 or 30 years and a return of total premiums paid** at the end of payout period upon payment of all due premiums and life assured surviving the policy term.

The amount of guaranteed income^ shall depend upon the Premium Payment Term chosen as per the table given below:

Premium Payment Term

Guaranteed Income^ payable each year during the payout period

Policy Term

Entry Ages: 5 to 60 years

5 years

6 years

33.75% of Annualized Premium

6 years

7 years

43.5% of Annualized Premium

10 years

11 years

97.75% of Annualized Premium

12 years

13 years

129.75% of Annualized Premium

Please note that on death of the Life Assured during the Payout Period, the nominee shall continue receiving Guaranteed Income as per Income Payout Frequency & benefit option chosen till the end of Payout Period.

Guaranteed Sum Assured on Maturity shall be the present value of future payouts, discounted at a rate of 9% p.a.

Death Benefit: In case of death of Life Assured during the policy term, the death benefit equal to Sum Assured on Death shall be payable to the nominee.

Sum Assured on Death is the highest of:

  • 10 times the Annualized Premium, or

  • 105% of Total Premiums paid, or

  • Premiums paid accumulated at an interest of 5% p.a. compounded annually, or

  • Guaranteed Sum Assured on Maturity, or

  • An absolute amount assured to be paid on death, which is equal to the Sum Assured

Sum Assured shall be equal to the applicable Death Benefit Multiple times the Annualized Premium. Please refer product brochure for applicable Death Benefit Multiples.

Upon the payment of the death benefit, the policy terminates and no further benefits are payable.

^An additional income is payable in case of higher premium amount, please refer to the Enhanced benefit for High Premium Policy in the brochure

 

Riders:

  • HDFC Life Income Benefit on Accidental Disability Rider (UIN - 101B013V03): A benefit equal to 1% of Rider Sum Assured per month for the next 10 years, in case of an Accidental Total Permanent Disability. There is no maturity benefit available under this rider.

  • HDFC Life Critical Illness Plus Rider (UIN - 101B014V02): A lump sum benefit equal to the Rider Sum Assured shall be payable in case you are diagnosed with any of the 19 Critical Illnesses and survive for a period of 30 days following the diagnosis. There is no maturity benefit available under this rider.

Please refer to the respective Rider Brochures on www.hdfclife.com for more details on Riders.

Payment Options

Premium payable at other than Annual frequency shall be calculated by multiplying the Annual Premium by Conversion Factor:

Frequency

Conversion factor

Half-yearly

0.51

Quarterly

0.26

Monthly

0.0875

Disclaimer

2Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

3Provided all due premiums have been paid and the policy is in force.

 

HDFC Life Insurance Company Limited (“HDFC Life”) CIN: L65110MH2000PLC128245. IRDAI Registration No. 101.

Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011.

Email: service@hdfclife.com, Tel. No: 1860 267 9999 (Mon-Sat 10 am to 7 pm) Local charges apply. Do NOT prefix any country code. e.g. +91 or 00. Website: www.hdfclife.com

The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.

HDFC Life Sanchay Plus (UIN:101N134V09) is a non-participating, non-linked savings insurance plan. For more details on risk factors, associated terms and conditions and exclusions, please read the sales brochure carefully before concluding a sale.

Yes Bank is the Corporate Agent (IRDAI Reg. No. CA0125) of HDFC Life. Life Insurance policies are underwritten by HDFC Life. Purchase of life insurance policy is voluntary ARN: BA/07/21/24420

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.

Public receiving such phone calls are requested to lodge a police complaint.

what would you like to do next?

Important Documents
download app
Android App for YES BANK
App Store for YES BANK
yes pay wallet

Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more

Read More

Download Forms

Documents Required

  • HDFC Life Sanchay Plus - Brochure
  • HDFC Life Sanchay Plus One Pager - Life Long Income
  • HDFC Life Sanchay Plus One Pager - Long Term Income
  • HDFC Life Sanchay Plus One Pager - Guaranteed Income
  • Commission Disclosure
  • HDFC Life Sanchay Plus - Standard Disclaimer