TITANIUM PLUS

This is going to be a new era of life insurance products in India after the new IRDA guideline.Initialy there could be some problem but lastly the customers are going to be the big winner at the end of the day. Here goes a genuinely unique product from our company named Titanium plus. One can use this product with various targets to meet up his/her need in the years to come. The simple USP of this plan is it is a wealth creation tool.

• Entry Age of Life Assured - 8 to 70 years of age
• Policy Term - 10 years
• Premium Paying Term - 10 years
• Annual Policy Premium - Minimum Rs.25000 p.a. if paid annually
• Minimum Rs.30000 p.a. if paid monthly, quarterly or semi annually i.e. Rs.2500, Rs.7500, Rs.15000, and Rs.25000 respectively.
• Sum Assured Annual policy premium * 5(minimum)Fund
• Titanium Fund => Income Advantage, Assure, Protector, Builder, Enhancer, creator, Magnifier, Maximiser, Multiplier, Super20.

 Titanium Fund- Optimal participation in capital market while safeguarding your investment. Titanium Fund comes with a guaranteed unit price. BSLI will open a new series of Titanium Fund every three months at a starting price of Rs.10 for a three month window to accept new business. After every three month the next series will opened. With every Titanium Fund series the highest unit price recorded in the three month window is guaranteed as the guaranteed unit price.

 

• Your first actual premium will be invested in the latest Titanium fund if desired by you .The next two years actual premium too will be invested in the same fund. Only from fourth year onwards, all subsequent premiums will be invested in any of the other ten funds chosen by you in the self-managed option & you can switch between these funds any time free of charge.

 

• On the fifth policy anniversary, the units of your titanium will be redeemed at the prevailing unit price or the guaranteed price whichever is higher & will be invested in the new series of Titanium Fund thus capturing any appreciation as of that date.

 

• At the point of maturity, the units in your Titanium Fund will be redeemed at the then prevailing unit price or the Guaranteed unit price at reinvestment, whichever is higher.

 

There is a guaranteed loyalty addition at the end of 5th and 10th year calculated at the rate of 3% of your premium for every year of premium paid. Thus you can enjoy up to 15% loyalty additions at both 5th and 10th year if all 10 premiums are paid.

 

Maturity Benefits:

 

You will receive the fund value at maturity apart from an amount equal to the number of units in Titanium Fund times the excess ,if any ,of guaranteed unit price over the then prevailing unit price of this investment fund, if you have opted for guaranteed option.

 

Guaranteed unit protection-On the 5th Anniversary, GUP of at least 10.
At Maturity - GUP + any unit appreciation in first five years  .
Non guaranteed unit Appreciation -On the 5th Anniversary, any unit appreciation in the first 5 year.     At Maturity - Any unit appreciation in last five years.

 

Death Benefit:
In case of unfortunate death the nominee will receive greater of (a) The fund value or (b) SA – Partial withdrawals.

 

Benefits:
• Top up facility is there. Subject to clear all due premiums. Minimum Top up premium is Rs 5000 and the maximum top up premium to date shall be capped at 25% of all policy premiums to date. Top up Premiums are not allowed during the first 3 policy years if you choose the Titanium Fund.

 

• Tax benefit under section 80 (c) and 10 10(D)

 

Features:

 

• Unlimited partial withdrawals are allowed after 3 policy years, free of charge. The minimum Amount is Rs.5000.There is no maximum limit, but you are required to maintain a minimum fund value equal to 1 Annual premium + any surrender charge or Top up premiums paid in the previous year in the previous three years, whichever is higher.

 

• Partial Withdraw is not allowed if the age of life insured is < 18 years.

 

Premium Allocation Charges:

 

1st year – 10%, 2nd onwards year- 5%, Top up – 2% in any policy year.

 

Surrender Charges:

 

<3 Policy year - 40%, <4 Policy year -20%, <5 Policy year - 10%.