Personal Finance HDFC Life Sanchay Plus Review: The good and the bad Updated : April 19, 2019 10:32 AM IST HDFC Life Sanchay Plus is a non-participating traditional life insurance plan. That means the payouts are guaranteed. There is no market risk or risk associated with varying annual bonuses. Moreover, it is a deferred payout plan i.e. maturity value is paid over a period of time. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.