HDFC Life Sanchay Plan Review

HDFC Life Sanchay Plan is a guaranteed savings insurance plan, like many other typical insurance cum savings policies.

As per the plan, one can earn guaranteed return of around 8% to 9% after maturity of this policy. This is an endowment plan from HDFC life. At the end of policy term insurer will not get any bonus, but some guaranteed additional amount.

HDFC life has done a very good job with their click 2 protect term insurance plan. In this article we will review HDFC life Sanchay plan and also compare & find out whether there are any different between typical LIC endowment plans and this plan.

HDFC Life Sanchay Plan Key Features

  • Limited premium paying terms of 5, 8 and 10 years
  • Minimum age of entry is 30 days and max is 45 years
  • No maximum investment limit
  • One can pay premium Annual, Semi-Annual, Quarterly and Monthly (ECS)
  • Choose policy term from 15-20 years according to your need
  • Guaranteed addition of 8% to 9% at the end of maturity.
  • Total guaranteed benefit will be 220% to 325% of sum assured
  • EMI facility available for HDFC credit card holder
  • No medical test require for this plan
  • You can buy HDFC Life Sanchay Online.

HDFC Life Sanchay Plan Benefits

Death Benefit: In case of death nominee will get any of the highest value of 10 times annual premium paid, 105% of total premium paid + accrued guaranteed addition as death benefit

Maturity Value: At the end of the policy term policy holder will get sum assured + guaranteed addition as maturity benefit. This can be varied from 220% to 325% of sum assured which looks very impressive.

Income Tax Exemption: Get income tax benefit for the premium paid under section 80C and under 10(10D) for the maturity benefit

Riders: There is no rider facility in this HDFC Life Sanchay Plan

Policy Revival: You can revive the policy within 2 years of last premium paid, in case of stopped premium

Surrender Rules: To surrender HDFC Life Sanchay Plan you have to pay at-least 2 year premium for policy premium paying term 5-8 years. And 3 year for premium paying term more than 10 years.

Loan Facility: You can avail loan after your policy is eligible for Surrender

HDFC Life Sanchay Plan Premium & Return Calculation

We will consider the example explained in HDFC life brochure with beautiful graphical presentation. Let’s assume the below details of the insurer

Age: 35 years

Premium : 1,23,125.00

Premium Paying Term: 5 year

Policy term : 15 years

Sum assured: 5,00,000

Now as per HDFC life Sanchay plan he will get Rs 11,00,000 after 15 years on maturity. Now lets check in detail further.

Amount spend from you in 5 year = 1,23,125 X 5 = 6,15,625.00. This figure is excluding the service tax which insurer has to bear as per new IRDA law.

You can visit to HDFC life website and use their HDFC Life Sanchay Calculator to check your desired premium amount.

Should I Buy HDFC Life Sanchay Plan

So, in 5 years you are investing more than 6 lacks and after 15 years you will get 11 lakh. This looks good for people who don’t want to take much risk investment and happy to get a decent return over the period of time. But how this return will fight with inflation in coming years?

But if you want to invest smartly, you can avail much more benefit from this investment and find out many alternatives of such endowment policies.

Let’s say, if you a enough life insurance with any online term plan and then invest rest of the amount via mutual fund way then you will get more benefit for next 15 years period. Do a thorough calculation and read the HDFC Life Sanchay Brochure carefully before buying this policy.


I'm Santanu, founder of, a multi-niche blog. I'm a Blogger by passion. I love to blog about my daily life experiences, Insurance, Investment, Income tax, small business ideas & passive income tips, as "Sharing is Caring". If you like my efforts, then follow me below.

17 thoughts on “HDFC Life Sanchay Plan Review

  • September 24, 2015 at 3:51 pm

    The advised what i have received from at the time taking the policy is totally fake.
    making people fool in the name of investment is totally wrong.
    useless policy as their is no benefit as the people has to wait for 15 years for doubling the funds.

    • September 25, 2015 at 7:30 am

      Hi Vijay,

      In that case, I think you should come out of these policy by surrendering.

      • September 29, 2015 at 1:19 pm

        thanks for advising,

        But surrendering the policy means you have to paid premium for two years & they will provide you the 30% of the your premium value.

  • September 10, 2015 at 9:40 pm

    dear sir,
    i am mathavan.i am in confusion of where should i investment the money or insurance or gold or real estate or ppf.but tax benefit is mandatory.according to my question pls give your answer….

    • September 15, 2015 at 7:14 pm

      I think from tax benefit point of view you have to put the money in PPF or buy any flat to get home loan interest benefit.

  • August 24, 2015 at 6:40 pm


    I have recently opted for this plan. Executive had guided me in vague way …this people sucks

    Premium – 50K Yearly
    Term of payment – 5 Years
    Sum assured – 212000
    Guaranteed Return : 448000

    At the maturity i will get only 448000 after investing my money for 15 years. It is not a good option than to go for it.

  • August 20, 2015 at 2:09 pm

    Sir I have started a HDFC Life sanchay plan in the month of Dec 2014. But presently I want to surrender it what I have to do. And is there any surrender value paid by the HDFC Life.

    • September 1, 2015 at 8:01 am

      Hi Ashish, I think you should contact HDFC Life first and find out the surrender clauses and how much money you will get etc.

  • August 5, 2015 at 10:47 am

    I have subscribed to HDFC Sanchay and paid one premium of 1 Lac and after reading your post understand that it was not a smart move.( I have other insurance coverage for my self)
    I have till date not received the original documents and just got the message that the doc are on some Karvy vault with giving any user id password etc. technically I have not acknowledged the policy .

    My next premium is due Aug 6, what do you suggest my options are.


  • July 24, 2015 at 5:17 am

    I have been a customer with HDFC Bank from past 7 yrs , Been to the branch just to start a recurring deposit a/c . but was misguided by the insurance agent and so called manager , these people don’t have any knowledge about the product they are selling and when I was suppose to give the renewal they said that I will have to continue it for 15 yrs , Cut the crap you dumb f***ing people . when i bought the plan the person said that in 5 yrs you can withdraw the premium amnt and will get the interest value on the basis of the amount i have invested , Cut the crap . You guys suckz to the core . and now one more info as per the banker that if i’ll not continue the premium the first on for 40k will not be refunded . I and now im stuck will have to pay for it .

    • July 24, 2015 at 9:57 pm

      Thanks for sharing this information about HDFC Life Sanchay Plan. I think this will be helpful for all the readers and people will ask this basic questions and also read the documents carefully before buying this policy.

  • June 26, 2015 at 5:13 pm

    As per the Agent the plan is as given below for jeevan sanchay:
    Annual premium 30,000
    Insurance: 3,00,000 for 15 years.
    Sum assured: 1,50,000
    Medical benefit: 1,00,000 for only 1 day.
    Amount returned after 5 year: 2,35,538

    Benefits: 1010D and 80C

    The policy term is 15 years and pay term is 5 years. But as per them the amount can be taken back after “5th year and 1 day” [without any surrender charges] and then the medical and insurance will carry on.

    Can you confirm if this is right as after 5 year even FD is not yielding this amount with tax benefit in place.


    • July 6, 2015 at 8:28 pm

      Hi Deep, I don’t think this could happen, better you read the policy brochure clearly and then invest.

  • May 15, 2015 at 4:29 pm

    I want to tell you no insurance company endowment plan provide return more than 8 % so please correct your knowledge and don’t misguide the customer

    • May 18, 2015 at 9:20 pm

      Hi Yogesh,

      I am not here to misguide anyone. These are the words taken from HDFC plan brochure only. I think anyone who has little knowledge of such plans know that how much return in actual is possible.

      Anyway thanks for your comment.:)

  • April 18, 2015 at 9:37 am

    Thanks for your valuable review santanu.

    My take on the plan is that its only a savings plan with addition benefit of life insurance and suitable for those who are looking for guaranteed saving option without taking much risk.

    Guaranteed Returns
    Paid-up option
    Limited Premium Payment Term


    • April 18, 2015 at 11:07 am

      Hi Chandra,

      You have provided a very simple & short, but effective review of this policy. Thanks for sharing your view HDFC Life Sanchay Plan.

      I believe, our insurance segment is getting populated with these kind of products which neither give enough life cover or not give significant return on investment.


Leave a Reply

Your email address will not be published. Required fields are marked *