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HDFC Life Sanchay

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HDFC Life Sanchay Plan


HDFC Life Sanchay Plan is an endowment plan which gives guaranteed returns. The plan does not have any bonus facility. The plan offers guaranteed additions for each completed policy year.


Key Features of HDFC Life Sanchay Plan


§  Limited premium payment endowment plan

§  Guaranteed Additions of for each completed policy year

§  Total Guaranteed Benefits of 220% to 325% of the Sum Assured

§  No medical tests necessary for this plan



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Benefits you get from HDFC Life Sanchay Plan


Death Benefit – In case of death of the Life Insured within the Policy Tenure, the nominee getsthe higher of:

- Sum Assured

- 10 times the Annualized Premium

- 105% of the premiums paid till date

+ Accrued Guaranteed Additions as Death Benefit and the policy would be terminated.


Maturity Benefit – On survival till the end of the policy tenure, the policyholder gets Sum Assured + Accrued Guaranteed Additions.


Guaranteed Additions: There is Guaranteed Additions for each completed policy year:

Policy Year

Guaranteed Additions as % of Sum Assured

15 to 19 years


20 to 25 years



Thus, the total Maturity Benefit is as mentioned

Policy Term

Maturity Benefit as % of Sum Assured

15 years


16 years


17 years


18 years


19 years


20 years


21 years


22 years


23 years


24 years


25 years




Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.



Eligibility conditions and other restrictions in HDFC Life Sanchay Plan





Sum Assured (in Rs.)


No Limit

Policy Term (in years)



Premium Payment Term (in years)

5, 8 and 10

Entry Age of Life Insured (in years)

30 days


Age at Maturity(in years)



Payment modes

Annual, Semi-Annual, Quarterly and Monthly(ECS)



Sample illustration of Sum Assured HDFC Life Sanchay Plan


HDFC Life Sanchay Illustration



Additional Features and Benefits of HDFC Life Sanchay Plan


Riders – There are no additional riders in this plan



What happens if?


You stop paying the premium - If the policy holder stops paying the premium, the policy lapses and the policy converts it to a reduced paid up and continues with reduced benefits. The policy can be revived within 2 years from the due date of the first unpaid premium.


You want to surrender the policy–There are Guaranteed Surrender Benefits in this plan after

·         The first 2 years’ premiums have been paid for premium paying term of 5 and 8 years

·         The first 3 years’ premiums have been paid for premium paying term of 10 years

The minimum GSV is the sum of GSV + Surrender Value of the Guaranteed Additions. There is Special Surrender Value in this plan as well.


You want a loan against your policy – Loan facility is available after the policy acquires Surrender Value.



Other Endowment Insurance Plans from HDFC Life Insurance


HDFC Life Classic Assure Plus Plan

HDFC Life Super Savings Plan

HDFC Life Super Income Plan



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