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Titanium Plus

Never settling for the second best option is your signature

Why choose a Titanium Plus plan?

The Titanium Plus Plan is a protection and savings oriented unit linked insurance plan which offers a life insurance cover to protect your family in case of unfortunate demise of the policyholder and flexible investment options to help you achieve your goals.
  • Flexibility of single or limited or regular premium payment with safety net of life coverage for chosen policy term
  • Multiple investment management options to enable you optimize returns from the policy
  • Loyalty additions & wealth boosters during the policy term as additional allocation of units to boost your investments
  • Flexibility of switching and redirection between the fund options to take advantage of market movements or change in risk preference
  • Option for partial withdrawals to help you meet unplanned contingencies or meet changing needs of your family

Plan UIN number:

136L063V01

 

Ways to open:

Branch

Features & Benefits

Key Benefits

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, or
  • 105% of all Premiums paid

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 of7 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: 

Wealth Booster Details

At the end of

Wealth Booster

10th policy year

2.90%

15th policy year & thereafter at interval of every 5 policy years

1.50%

Wealth Booster Details

At the end of

10th policy year

Wealth Booster

2.90%

At the end of

15th policy year & thereafter at interval of every 5 policy years

Wealth Booster

1.50%

Other benefits

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. There will not be any life cover during this period and 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.

Create exclusive funds under Married Women’s Property Act (MWPA)

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.

Premium Amount & Premium Payment Modes

Premium Payment Mode

Minimum Premium

Maximum Premium

Annual

₹2,00,000 per annum

No Limit

Monthly*

₹25,000/- per month

No Limit

Single

₹5,00,000/- single premium

No Limit

Premium Amount & Premium Payment Modes

Premium Payment Mode

Annual

Minimum Premium

₹2,00,000 per annum

Maximum Premium

No Limit

Premium Payment Mode

Monthly*

Minimum Premium

₹25,000/- per month

Maximum Premium

No Limit

Premium Payment Mode

Single

Minimum Premium

₹5,00,000/- single premium

Maximum Premium

No Limit

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

Policy Term

Premium Payment Option

Age at Entry (in years)

Premium Payment Term (PPT)* (in complete years)

Policy Term (PT) 
(in years)

Limited Pay – Range 1

0 years – 50 years

5/7/10/15

10 to 30 years** (inclusive)

Limited Pay – Range 2

51 years – 55 years

5/7/10/15

10 to 25 years (inclusive)

Limited Pay – Range 3

56 years – 60 years

7/10/15

10 to 20 years (inclusive)

Limited Pay – Range 4

56 years – 60 years

5

10 to 15 years (inclusive)

Regular Pay – Range 1

0 years – 50 years

Same as PT

10 to 30 years** (inclusive)

Regular Pay – Range 2

51 years – 55 years

Same as PT

10 to 25 years (inclusive)

Regular Pay – Range 3

56 years – 60 years

Same as PT

10 to 20 years (inclusive)

Regular Pay – Range 4

61 years – 65 years

Same as PT

10 to 15 years (inclusive)

Regular Pay – Range 5

66 - 70 years

Same as PT

10 years

Single Pay

13 years – 70 years

Single

5 years

Policy Term

Premium Payment Option

Limited Pay – Range 1

Age at Entry (in years)

0 years – 50 years

Premium Payment Term (PPT)* (in complete years)

5/7/10/15

Policy Term (PT) 
(in years)

10 to 30 years** (inclusive)

Premium Payment Option

Limited Pay – Range 2

Age at Entry (in years)

51 years – 55 years

Premium Payment Term (PPT)* (in complete years)

5/7/10/15

Policy Term (PT) 
(in years)

10 to 25 years (inclusive)

Premium Payment Option

Limited Pay – Range 3

Age at Entry (in years)

56 years – 60 years

Premium Payment Term (PPT)* (in complete years)

7/10/15

Policy Term (PT) 
(in years)

10 to 20 years (inclusive)

Premium Payment Option

Limited Pay – Range 4

Age at Entry (in years)

56 years – 60 years

Premium Payment Term (PPT)* (in complete years)

5

Policy Term (PT) 
(in years)

10 to 15 years (inclusive)

Premium Payment Option

Regular Pay – Range 1

Age at Entry (in years)

0 years – 50 years

Premium Payment Term (PPT)* (in complete years)

Same as PT

Policy Term (PT) 
(in years)

10 to 30 years** (inclusive)

Premium Payment Option

Regular Pay – Range 2

Age at Entry (in years)

51 years – 55 years

Premium Payment Term (PPT)* (in complete years)

Same as PT

Policy Term (PT) 
(in years)

10 to 25 years (inclusive)

Premium Payment Option

Regular Pay – Range 3

Age at Entry (in years)

56 years – 60 years

Premium Payment Term (PPT)* (in complete years)

Same as PT

Policy Term (PT) 
(in years)

10 to 20 years (inclusive)

Premium Payment Option

Regular Pay – Range 4

Age at Entry (in years)

61 years – 65 years

Premium Payment Term (PPT)* (in complete years)

Same as PT

Policy Term (PT) 
(in years)

10 to 15 years (inclusive)

Premium Payment Option

Regular Pay – Range 5

Age at Entry (in years)

66 - 70 years

Premium Payment Term (PPT)* (in complete years)

Same as PT

Policy Term (PT) 
(in years)

10 years

Premium Payment Option

Single Pay

Age at Entry (in years)

13 years – 70 years

Premium Payment Term (PPT)* (in complete years)

Single

Policy Term (PT) 
(in years)

5 years

*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.

Sum Assured Single Pay

Age at entry

Minimum Sum Assured

Maximum Sum Assured

13 to 47 years

1.25 X Single Premium

10 X Single Premium

48 years and above

1.25 X Single Premium

1.25 X Single Premium

Sum Assured Single Pay

Age at entry

13 to 47 years

Minimum Sum Assured

1.25 X Single Premium

Maximum Sum Assured

10 X Single Premium

Age at entry

48 years and above

Minimum Sum Assured

1.25 X Single Premium

Maximum Sum Assured

1.25 X Single Premium

Sum Assured Limited Pay & Regular Pay

Age at entry

Minimum Sum Assured

Maximum Sum Assured

0 to 44 years

Higher of (10 X Annualized Premium^ ) and (0.5 X Policy term X Annualized Premium)

As per maximum Sum Assured multiples^^

45 years and above

Higher of (7 X Annualized Premium) and (0.25 X Policy term X Annualized Premium)

As per maximum Sum Assured multiples^^

Sum Assured Limited Pay & Regular Pay

Age at entry

0 to 44 years

Minimum Sum Assured

Higher of (10 X Annualized Premium^ ) and (0.5 X Policy term X Annualized Premium)

Maximum Sum Assured

As per maximum Sum Assured multiples^^

Age at entry

45 years and above

Minimum Sum Assured

Higher of (7 X Annualized Premium) and (0.25 X Policy term X Annualized Premium)

Maximum Sum Assured

As per maximum Sum Assured multiples^^

^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

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