
Looking for a plan that doesn’t depend on the stock market and still gives guaranteed returns?
HDFC Life’s Sanchay Plus might just be the fixed-income insurance plan you’ve been searching for.
Let’s walk through what it offers, who it’s best for, and what to watch out for — in plain English.
What Is HDFC Life Sanchay Plus?
Sanchay Plus is a non-linked, non-participating life insurance plan, which means:
- Your money isn’t tied to market ups and downs
- There are no surprises — your benefits are fixed and guaranteed upfront
- It combines savings + life cover in one package
If you’re someone who values security over high returns, this plan is worth considering.
Sanchay Plus Has 4 Plan Options You Can Choose From:
- Guaranteed Maturity Option
You pay for a few years (say 5–12), and get a lump sum at the end. Think of it like disciplined saving with a fixed reward. - Guaranteed Income Option
After a waiting period, you start getting monthly income for 10–25 years. Great for retirement planning. - Life-Long Income Option
Payouts continue till you turn 99 — a steady pension-style flow for your lifetime. - Long-Term Income Option
You get monthly payouts plus a maturity bonus at the end. Best for long-term family goals.
Key Features at a Glance
Feature | Details |
---|---|
Entry Age | From 5 years (varies by option) |
Maturity Age | Up to 100 years |
Premium Paying Term | 5, 6, 8, 10, or 12 years |
Income Payout | Monthly, Annual, or Lump Sum |
Loan Facility | Yes (after 3 policy years) |
Tax Benefits | Section 80C & 10(10D) if conditions met |
Who Is This Plan Ideal For?
Sanchay Plus isn’t meant for thrill-seekers or aggressive investors. It’s designed for those who want guaranteed stability and peace of mind.
This plan makes sense for:
- Retirees looking for a safe, monthly pension
- Parents saving for a child’s education or wedding
- Salaried professionals who want tax benefits + life cover
- Conservative investors who don’t want equity exposure
- Anyone planning for a goal 10–30 years down the road
A Few Things to Keep in Mind
Before you commit, here are a few caveats to consider:
- No liquidity in the early years — it’s a long-term play
- Returns (IRR) hover around 5.5%–6.2%, which is lower than mutual funds
- Early surrender = penalties and reduced payouts
- Death benefit is based on sum assured, not future income value
So if flexibility is your top priority — you might want to compare with other products.
When’s the Best Time to Buy?
Simple rule: the earlier, the better.
You lock in better returns when you:
- Start young
- Choose a longer income or maturity term
- Commit to a higher premium bracket
It’s especially powerful for people 10–15 years away from retirement or planning a long-term financial goal.
Final Verdict: Should You Buy Sanchay Plus?
If you want fixed returns, no market exposure, and guaranteed payouts — Sanchay Plus delivers.
It may not beat inflation like equity-linked plans, but it offers something rare in today’s world — certainty.
In times of market volatility, this kind of stability can be priceless.