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HDFC Life Sanchay Plus: Your Path To Financial Security And Freedom

Do you ever imagine a time when your dreams are nurtured and your future is secured? I believe the answer would be YES!

Everyone wishes for a time when their money is secured with endless possibilities. In today's uncertain times, it is all the more crucial to have a strong financial safety net. This is where  HDFC Life Sanchay Plus plan comes into the picture. It was designed with the needs of its customers in mind.

HDFC Life Sanchay Plus is a non-participating, non-linked traditional life insurance plan offering dual savings and protection benefits. This provides an opportunity to create a safe amount for the future while ensuring that your loved ones are financially protected in case anything happens to you. 

In this article, find more about the HDFC Life Sanchay Plus plan and its benefits for securing its place in your insurance and investment portfolio.

About HDFC Life Sanchay Plus Plan

HDFC Life Sanchay Plus is an insurance plan that helps with your financial needs in two main ways- If the person holding the policy passes away unexpectedly, their family receives a one-time payment or the policyholder lives through the term of the policy, they can either get a one-time payment when the policy ends or choose to receive regular payments for life. 

You can pick a policy that lasts between 15 to 25 years, and you have the option to pay the premium over 5, 8, or 10 years. This plan has no market risks like changing bonuses or market problems. You get to know its features right away when buying the plan. Also, the plan pays out the money over time, not all at once.

HDFC Life Sanchay Plus
Eligibility criteria for Sanchay Plus Plan

To be eligible for this plan, you need to meet certain criteria:

Minimum entry age: 30 days (for life assured) and 18 years (for the policyholder)
Maximum entry age: 60 years
Policy term: 15, 20, 25, or 30 years
Premium payment term: 6, 8, 10, or 12 years
Minimum sum assured: Rs. 1,00,000

Benefits of HDFC Life Sanchay Plus Plan

HDFC Life Sanchay Plus is a financial product that provides security and assurance. It helps us move from just surviving to thriving so we can enjoy life's moments without the stress of financial worries. Let’s take a closer look at the various benefits of this plan:

  • Flexibility:  Life is unpredictable, and we often face unexpected expenses. With HDFC Life Sanchay Plus, you have the flexibility to withdraw money in case of any financial emergency. You can choose the policy term, premium payment duration, and how often you make those premium payments, all depending on what you need and want financially.
  • Maturity Benefit: We all want to make sure that our families are secure financially, in case we are not around. HDFC Life Sanchay Plus offers a life cover to protect your family's future in case of any unforeseen circumstances. Your family can receive up to ten times your annual premium as the sum assured. This means that even if you are not there, they can maintain their current lifestyle and fulfil their dreams.

Plan Options


Maturity Benefit (Payable in the form of)

Death Certificate (In case of death of life assured)

Guaranteed Maturity

One-time payment for all premiums over the policy term.

The death benefit consists of the death sum assured plus accrued guaranteed additions, payable to the nominee.

Guaranteed Income

Income is guaranteed for a fixed term of either 10 or 12 years, provided all due premiums are paid throughout the policy term.

Death benefit equals the sum assured, paid to the nominee.

Lifelong Income

Earn guaranteed income until 99 years, Full refund of premiums paid at the term end, provided all premiums are paid.

Long Term Income

Income is guaranteed for a set period of 25 years, Full refund of premiums is paid upon settlement of all dues within the policy term.

  • Death Benefit: If the policyholder passes away while the policy is active, the nominee will get a death benefit. This amount will be either the guaranteed amount or 105% of all the premiums that were paid, whichever is more.
  • Rider Options: HDFC Life Sanchay Plus offers an option to enhance your policy cover through riders. Riders are optional, and extra terms give you extra coverage and added security against risks. You can choose from the list of riders like accidental death benefits, disability benefits, or critical illness benefits. These riders come at a low cost and can be added at the time of purchasing the policy or anytime during the policy term. 

Rider Options


HDFC Life Income Benefit on Accidental Disability Rider

  • Benefit equal to 1% of Rider Sum Assured per month for the next 10 years
  • No maturity benefit is available

HDFC Life Critical Illness Plus Rider

  • Lump Sum benefit equal to Rider Sum Assured in case of any 19 critical diseases mentioned in the document and survive for 30 days following the diagnosis. 
  • No maturity benefit is available.

  • Bonuses:  HDFC Life Sanchay Plus Plan offers regular bonuses that get added every year, making your final payout bigger, hence improving the maturity benefit.

This plan gives two bonus options – reversionary and terminal bonus. The reversionary bonus is a regular bonus that is given by the company every year, while the terminal bonus is what you get when your policy ends. These bonuses can significantly increase capital funds and help you achieve your money goals. 

  • Tax Benefit: One of the significant advantages of HDFC Life Sanchay Plus is that it offers tax benefits. The premiums you pay for the policy can reduce your taxable income under Section 80C of the Income Tax Act. Also the maturity benefits are also tax-free under Section 10(10D) of the same above act. This makes HDFC Life Sanchay Plus a smart choice for saving money and getting insurance benefits while also saving on taxes. 

Key Highlights

Besides the main benefits, this plan offers some special features that have made it very popular with customers. 

Key points


Lapsed Policy

If premiums are not paid after the grace period, the policy becomes ineffective.

Paid-up Benefit

If premiums are stopped after two years, the policy continues with reduced benefits


You can choose to terminate the policy early and receive a surrender value. 


You can reactivate a lapsed period or paid policy within five years by paying overdue premiums.

Cancellation in the free look period

You have the option to cancel the policy within a specified period after receiving it.

Extra benefits for high premium policies

Additional benefits may be available for policies with high annual premiums.

Income payout options

Flexible options to receive income payments at frequencies other than annual.


HDFC Life Sanchay Plus Plan is a comprehensive insurance policy that offers financial security and growth opportunities. With its guaranteed maturity benefit, bonuses, and flexible premium payment options, it provides a reliable way and a well-planned strategy to prepare for your future financial needs. 

Insure your investments by buying a life insurance plan; we at InsuranceDekho can help you. Contact us today at 7551196989 for all your insurance needs. The plan's life cover ensures that your loved ones are protected in case of any situations that might arise. This plan is more than just an investment; it is a promise of a secure future and an enjoyable present. It protects our future and allows us to live our present lives without worrying about financial instability.




This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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