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HDFC Life Sanchay Fixed Maturity Plan is an individual, non-linked, non-participating savings life insurance plan designed to provide a guaranteed lump-sum maturity benefit while offering life insurance protection. Depending on the available product variant, policyholders can choose single-life or joint-life cover and select a single, limited or regular premium-payment option. The guaranteed maturity benefit is calculated using the applicable premium and Guaranteed Maturity Multiple, which varies according to factors such as age and premium-payment term. The product offers a range of policy terms, including terms up to 40 years subject to the selected variant and eligibility. The current product UIN listed by HDFC Life is 101N142V09.
Single or joint life cover, flexible premium-payment options and guaranteed maturity benefit
Sanchay Fixed Maturity Plan may suit people who want to target a future financial goal with a defined maturity benefit and life insurance cover. Its guaranteed-benefit structure makes it important to compare the total premiums paid with the amount and timing of the maturity payout rather than relying only on the word guaranteed. The single-life and joint-life options can address different protection needs, but the death-benefit calculation and continuation of cover differ between them. Review the policy illustration for the Guaranteed Maturity Multiple, death-benefit multiple, surrender value and premium-payment obligations before buying. A long policy term can restrict access to committed money, and early surrender may not return all premiums paid. Optional riders should be assessed separately for cost and suitability.
HDFC Life
Key Insights
Founded
2000
HDFC Life was established 26 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.72% CSR, calculated as a 3-year average
HDFC Life settles 99.72% of all claims it receives, demonstrating strong credibility.
Contact Details
1860-267-9999
Headquarters: 13th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai, Maharashtra, 400011
The plan pays a guaranteed lump-sum maturity benefit when the policy reaches maturity and the applicable policy conditions are satisfied. The Sum Assured on Maturity is calculated using the applicable premium and Guaranteed Maturity Multiple.
The Guaranteed Maturity Multiple varies by factors including age and premium-payment term. Check the policy illustration.
The single-life variant provides life insurance protection for the life assured during the applicable policy term.
The death benefit is calculated under the policy terms and selected variant.
The joint-life option can cover two eligible lives under the policy. The benefit payable after the first death and the second death follows the product rules.
Confirm eligibility, relationship requirements and continuation provisions in the policy document.
The single-pay option allows the premium to be paid once at policy inception.
The available death-benefit multiple and maturity benefit depend on age and the selected option.
The limited-pay option allows premiums to be paid over a specified payment period while the policy continues for its chosen term.
Permitted combinations and premium amounts are subject to product rules.
This optional rider may provide additional income benefits following total permanent disability due to a covered accident.
Availability, eligibility, benefit amounts and exclusions are governed by the rider terms.
This optional rider may provide additional protection for specified covered events, which can include accidental death, disability due to accident or cancer-related benefits according to the rider wording.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
HDFC Life plans and claim process
It is a non-linked, non-participating individual savings life insurance plan that provides a guaranteed lump-sum maturity benefit and life cover under the selected option. Its current listed UIN is 101N142V09.
The plan provides a guaranteed maturity benefit as specified in the policy schedule, provided the applicable policy conditions are met. Review the benefit illustration for the exact amount.
The Sum Assured on Maturity is calculated using the applicable annualised premium or single premium multiplied by the Guaranteed Maturity Multiple. The multiple varies by factors such as age and premium-payment term.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official HDFC Life website before purchasing.
Official Website
hdfclife.com
Visit the official HDFC Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Confirm the current rider version, covered events and eligibility before purchase.
Where available with the selected policy, a waiver-of-premium rider may waive eligible future premiums following specified covered events.
Verify current availability with this plan and review the rider-specific policy terms.
Yes, the product offers single-life and joint-life options subject to eligibility and the terms of the selected variant. Review how benefits work after the first and second death.
The plan offers single, limited and regular premium-payment options, subject to the available variant and eligibility.
The product offers a range of policy terms, including terms up to 40 years where available. The permitted term depends on the chosen variant and eligibility.
The nominee receives the applicable death benefit calculated under the policy. The formula differs depending on whether the policy covers a single life or joint lives.
No. It is a non-linked, non-participating savings insurance plan. Its stated guaranteed benefits are defined by the policy rather than unit-linked fund performance.
Surrender is permitted under the policy provisions, but the surrender value depends on the policy variant and timing. It may be lower than the total premiums paid.
A policy loan may be available subject to the insurer's terms and conditions. Check the current policy document for eligibility, loan limits and interest provisions.
Optional riders may be available subject to product compatibility, underwriting and rider conditions. Confirm current availability and additional premiums with HDFC Life.
HDFC Life currently lists UIN 101N142V09 for Sanchay Fixed Maturity Plan. Confirm the UIN on the latest official brochure and policy documents before purchase.