HDFC Life Sanchay Plus Calculator

HDFC Life Sanchay Plus Calculator

HDFC Life Sanchay Plus is a non-linked, non-participating individual savings life insurance plan. You choose a Premium Payment Term (PPT), pay a fixed annual premium for that many years, and in return receive a guaranteed benefit under one of two broad options:

• Guaranteed Maturity Benefit — a single guaranteed lump sum paid at the end of the Policy Term.
• Guaranteed Income — a fixed annual income paid every year for a defined income period after your premium payments stop, plus a guaranteed terminal benefit paid alongside the final income installment.

This calculator estimates the guaranteed amounts, the total premium you will pay, and an approximate effective annual yield, using illustrative rates modeled on the plan's structure. It does not reproduce HDFC Life's official benefit illustration — always confirm exact figures with your policy document or HDFC Life advisor before making a purchase decision.

How Premium Payment Term maps to Policy Term

Sanchay Plus is sold with a small set of fixed Premium Payment Terms. Each PPT has a fixed total Policy Term — premiums stop after the PPT, but the policy (and any guaranteed income or deferment) continues until the Policy Term ends:

Premium Payment Term	Policy Term
5 years	12 years
8 years	14 years
10 years	16 years
12 years	18 years

Guaranteed Maturity Benefit option

Total premiums paid are multiplied by an illustrative maturity multiple that grows with the Premium Payment Term (longer PPTs accumulate more before payout):

$$\text{Guaranteed Maturity Benefit} = \text{Total Premiums Paid} \times \text{Maturity Multiple}$$

PPT	Maturity Multiple
5 years	1.32x
8 years	1.64x
10 years	1.90x
12 years	2.18x

The full amount is paid once, in the final Policy Year.

Guaranteed Income option

Instead of one lump sum, you receive a fixed annual income for every year between the end of the Premium Payment Term and the end of the Policy Term, plus a terminal benefit paid alongside the last income installment:

$$\text{Annual Guaranteed Income} = \text{Total Premiums Paid} \times \text{Income Rate}$$ $$\text{Terminal Benefit} = \text{Total Premiums Paid} \times \text{Terminal Multiple}$$

PPT	Income Rate (per year)	Terminal Multiple
5 years	9.0%	0.50x
8 years	9.6%	0.56x
10 years	10.1%	0.61x
12 years	10.6%	0.66x

Effective annual yield

The calculator also estimates the effective annual yield (an approximate internal rate of return) by treating your premiums as yearly outflows and the guaranteed benefit(s) as yearly inflows, then solving for the constant annual rate that makes the discounted cash flows net to zero. This gives a rough sense of how the plan's guaranteed return compares to a simple compounding investment — it excludes taxes and any applicable charges.

How to use this calculator

1. Enter your Age at Entry.
2. Enter the Annual Premium you plan to pay.
3. Choose a Premium Payment Term (5, 8, 10, or 12 years) — this fixes the total Policy Term automatically.
4. Choose a Benefit Option — Guaranteed Maturity Benefit or Guaranteed Income.
5. Submit to see the total premium payable, the guaranteed benefit(s), the effective annual yield, and a year-by-year cash flow schedule.

Worked example

Suppose you are 30 years old, pay an Annual Premium of ₹1,00,000, choose a 10-year Premium Payment Term, and select the Guaranteed Maturity Benefit option.

• Policy Term: 16 years (from the PPT table above)
• Total Premiums Paid: ₹1,00,000 × 10 = ₹10,00,000
• Guaranteed Maturity Benefit: ₹10,00,000 × 1.90 = ₹19,00,000, paid in Policy Year 16

If instead you select the Guaranteed Income option with the same inputs:

• Annual Guaranteed Income: ₹10,00,000 × 10.1% = ₹1,01,000 per year, from Policy Year 11 through Policy Year 16 (6 years)
• Terminal Benefit: ₹10,00,000 × 0.61 = ₹6,10,000, paid alongside the Year 16 income
• Total Guaranteed Payout: (₹1,01,000 × 6) + ₹6,10,000 = ₹12,16,000