Titanium Plus

Entry Age (Life Assured)

• Limited Pay & Regular Pay: Minimum - 0 years, Maximum - 70 years
• Single Pay: Minimum - 13 years, Maximum - 70 years

Maturity Age

• Limited Pay & Regular Pay: Minimum - 18 years Maximum - 80 years
• Single Pay: Minimum - 18 years Maximum - 75 years

Premium Payment Term

Single Pay: Single Premium
Limited Pay: 5 /7/10/15 years
Regular Pay: Equal to Policy Term

Death Benefit: In the unfortunate event of the demise of the policyholder, while the policy is in-force, the nominee will receive higher of:

• Sum Assured less applicable partial withdrawals, or
• Fund value as on the date of intimation of death claim, or
• 105% of all premiums paid up to the date of death

Maturity Benefit: On maturity, You will receive the Fund Value based on the prevailing NAVs .You also have the option to take Fund Value on maturity in periodic installments as per Settlement Option. (The details on Settlement Option is given below)

Investment Management Options: You can choose one among following 5 different Investment Management Options to manage and build on wealth in an optimal way;

• Self Managed Option (SMO): This option gives you the flexibility to manage & control the investment in your own way. Here you can choose from a range of 7 Unit Linked Funds to cater to your investment needs. You can choose to allocate your premiums to any, all or a combination of the Unit Linked Funds as per your risk preference.

        o   India Multi-Cap Equity Fund

        o   Emerging Leaders Equity Fund

        o   Equity II Fund

        o   Growth Plus Fund

        o   Balanced Plus Fund

        o   Debt Fund

        o   Liquid Fund 

• Systematic Transfer Option (STO): If you want to invest in equity oriented fund but worry about market volatility and risk associated with lump sum investment, then you can opt for STO which enables you to enter the equity market in a systematic manner.
  
  Through this option, your entire premium will be first allocated to the Liquid Fund and then systematically transferred on a monthly basis into any one of the Unit Linked Funds - India Multi-Cap Equity Fund or Equity II Fund or Emerging Leaders Equity Fund as chosen by you.
• Return Protector Option (RPO): This option enables you to take advantage of the equity market by protecting your gains from the future equity market volatility. Through RPO, starting from the 2nd policy year onwards ,your gains made from a equity fund basis your chosen 'Target Appreciation' are automatically transferred to a lower risk Debt Fund. This way, your gains are protected from further market volatility.
• Auto Funds Rebalancing (AFR): If you wish to maintain allocation of your investments in a specific proportion across different Unit Linked Funds, irrespective of market movements, you can do so through Auto Funds Rebalancing. Once opted, after every 3 months, it automatically rebalances the allocation of your investments in various Unit Linked Funds to the allocation proportions chosen by you.
• Safety Switch Option (SSO): As your policy nears maturity, you may want to avoid market movements and safeguard your funds. The Safety Switch Option enables you to move your funds systematically to a relatively low risk Liquid Fund at the beginning of each of the last four policy years.

Loyalty Additions: Your plan offers regular loyalty additions in the form of extra allocation of units to your Unit Linked Fund(s), provided that all due Premiums till date have been paid. These regular loyalty additions will be added to the Unit Linked Fund(s) at the end of the each policy year, starting from the 6th policy year onwards till the end of chosen policy term. Each loyalty additions will be 0.5% of the average Fund Values of the last 12 monthly policy anniversaries.

Wealth Boosters: This plan also offers the additional allocation of units which will be added to the Unit Linked Fund(s) at specific policy intervals provided all due premiums till date have been paid. These wealth boosters will be a percentage of the average fund value of last 60 monthly policy anniversaries. The percentages of wealth boosters are as mentioned below: 

Change in premium payment term: You have the flexibility to change your premium payment term anytime after paying first 5 policy years premiums, in order to align it with your changing financial situation. The increase or decrease in premium payment term will be subject to acceptance by the company as per its underwriting policy and terms & conditions of this plan. 

Increase or Decrease of Sum Assured: You can choose to alter your sum assured based on your protection needs, from the 6th policy year subject to underwriting acceptance.

Settlement Option: You can choose to receive your maturity benefit through Settlement Option in installments as per the frequency chosen by you, over a maximum period of 5 years. You may opt for complete withdrawal of fund value at any time during this period.

Tax Benefits^#
You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80 C of income Tax Act, 1961. Please note that tax laws are subject to amendments from time to time.

^#Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.

You can combine a very useful feature with the Titanium Plus plan. Through this feature you will be able to create exclusive corpus for the benefit of your loved ones. With the help of MWPA, you can be sure that only your loved ones have access to this corpus and that it is legally protected from creditors and claimants^*.

Under Section 6 of the Married Women's Property Act, 1874, a married man can take an insurance policy on his own life, and express it to be for the benefit of his wife or children. When such intent is expressed on the face of the policy, it shall be deemed to be a trust for the benefit of the named beneficiaries and it shall not be subject to the control of the husband; or his creditors; or form part of his estate.

^*Unless taken otherwise with the intention to defraud creditors.

*Please note that it is mandatory to pay first 3 month's Premium in advance and subsequently through standing instruction.

*Please note that PPT will always be lower than PT under Limited Premium payment options.
**Availability of Policy Term will be subject to maturity age being 18 years or more.

^Annualized Premium is the amount of Premium payable in a Policy Year.
^^Maximum Sum Assured multiple depends on age, Premium Payment Term and Policy Term. For example for age 30 maximum multiple is 40, for age 70 maximum multiple is 10, subject to available Premium Payment Term and Policy Term combinations detailed above

1. This Policy will cover you for the Policy Term as chosen by you
2. Policy Term – From 10 years to 30 years for Limited/Regular Pay ( subject to age at entry and exit ) & Fix 5 years for Single Pay
   
3. Premium payment term – From 5 year's upto the Policy term selected for Limited/Regular Pay & Single Premium for Single Pay
   
4. Please pay your Premiums regularly and on time to enjoy life cover benefits. In case Premiums are discontinued anytime during the first 5 years of Premium Payment Term, your Life Cover will cease to exist. (Not applicable for Single Premium Policies)
   
5. The lock in period of this plan is 5 years. Please note that if you surrender the Policy within first 5 years, the surrender value will only be paid at the end of 5 years
   
6. As this is a Unit linked insurance plan, the premiums paid by you and the returns are subject to market performance and therefore not guaranteed
   
7. This product has three different premium bands. Premiums paid by you will be invested in your chosen funds after deducting allocation charges. Please note the charges vary as per the premium bands. For details on all charges applicable, please refer to Annexure 1 of this document
   
8. You must disclose all your health details appropriately in the proposal form to avail life cover benefits in this Policy
9. Non-resident customers should take into consideration the statutory and regulatory requirements of their respective jurisdictions and shall ensure compliance with the same before buying this product. By facilitating purchase of this product, HSBC India makes no representation that the product is suitable for any particular customer or is appropriate in accordance with any applicable local laws, rules or regulations
10. This product is offered to existing HSBC India customers only
11. If you are purchasing this product online by clicking on 'Apply now', please note that the first premium payment for this product can only be made online through either HSBC India Credit or Debit Card
12. You should go through the entire document to have a complete understanding of the Policy you are purchasing
    
13. Purchase of insurance product is purely voluntary and is not linked to availment of any other facility from the bank