Titanium Plus Plan is a unit linked investment cum protection plan which can be customized as per your goals and changing requirements. This plan provides you unmatched flexibility while letting you have full control over your investment in any market movement.
- Flexibility of single or limited or regular Premium Payment with safety net of life coverage for chosen policy term.
- Multiple Portfolio 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
Create exclusive funds under Married Women’s Property Act (MWPA)
You can combine a very useful feature with our 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.
Death Benefits
In the unfortunate event of your demise while the Policy is in-force, your family will receive higher of:
- Sum Assured less applicable partial withdrawals, or
- Fund Value, or
- 105% of all Premiums paid
Maturity Benefits
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).
Choice of Funds or Portfolio Management Options
You can choose from a range of 7 different Unit Linked Funds with different risk appetites. Alternatively you may select one among the following 4 different Portfolio Management Options to manage and build on wealth in an optimal way.
- Systematic Transfer Option (STO)
- Return Protector Option (RPO)
- Auto Funds Rebalancing (AFR)
- Safety Switch Option (SSO)
Choose Your Funds
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.
- Emerging Leaders Equity Fund
- India Multi-Cap Equity Fund
- Equity II Fund
- Growth Plus Fund
- Balanced Plus Fund
- Debt Fund
- Liquid Fund
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:
| Policy Year | Wealth Booster Percentage |
|---|
| End of 10th Policy Year | 2.90% |
| 15th Policy Year & every 5 years thereafter | 1.50% |
Other Benefits
Change in Premium Payment Term: You have the flexibility to change your Premium Payment Term anytime after paying the 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.
