Death Benefit in HDFC Life Sanchay Plus Plan

How is the Sum Assured on Death calculated in this plan?

The cover amount in the HDFC Life Sanchay Plus Plan is calculated based on some multiples which depend on the Entry Age of the policyholder. This multiple when multiplied with the Annual Premium paid  by the customer will give you the amount of cover offered in the plan.

We will understand this with an example. Below are the multiples based on Age of Entry in the policy.

Example:
If Sundeep who is 30 years old when he buys the plan and if he is paying an Annual Premium of Rs. 1 lakh, his Sum Assured on Death (life cover) = 12.5 x 1 lakhs = 12.5 lakhs

If Sameer who is 35 years old when he buys the plan and if he is paying an Annual Premium of Rs. 2 lakh, his Sum Assured on Death (life cover) = 12 x 2 lakhs = 24 lakhs
 

Entry Age	Death Benefit Multiple
5	15.00
6	14.90
7	14.80
8	14.70
9	14.60
10	14.50
11	14.40
12	14.30
13	14.20
14	14.10
15	14.00
16	13.90
17	13.80
18	13.70
19	13.60
20	13.50
21	13.40
22	13.30
23	13.20
24	13.10
25	13.00
26	12.90
27	12.80
28	12.70
29	12.60
30	12.50
31	12.40
32	12.30
33	12.20
34	12.10
35	12.00
36	11.90
37	11.80
38	11.70
39	11.60
40	11.50
41	11.40
42	11.30
43	11.20
44	11.10
45	11.00
46	10.90
47	10.80
48	10.70
49	10.60
50	10.50
51	10.45
52	10.40
53	10.35
54	10.30
55	10.25
56	10.20
57	10.15
58	10.10
59	10.05
60	10.00

This is applicable to all the 4 plan options of HDFC Life Sanchay Plus Policy. In case you want to know the detailed benefits of this Guaranteed Income Plan, read our detailed HDFC Life Sanchay Plus Plan Review.