Birla Sunlife Insurance Titanium Plus Plan
BSLI Titanium Plus Plan
You always desire to earn the maximum from your investments. However, related market risks always deter you. What if there was a plan that would not only generate returns from the capital market but also reduce the risks associated with it?
The BSLI Titanium Plus plan is the solution for you. Through this plan you can safeguard your investment from market fluctuations and enjoy complete freedom to manage your investments.
CHOICE OF INVESTMENT OPTIONS
The plan offers you two options to invest your premium.
gives you complete access to our range of investment funds with the freedom to switch between them, free of cost. In this investment option, you decide how to invest your premiums. We offer 10 investment funds ranging from 100% debt to 100% equity to suit your particular needs and risk appetite – Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier and Super 20.
Guaranteed Option ensures that
the premiums paid in the first three policy years will be automatically allocated to the
BSLI TITANIUM FUND
Titanium Fund , is the new generation investment fund from BSLI that helps you optimise your equity participation at reduced risks.
Your premiums for the first three years, net of charges, are invested in the latest available Titanium Fund. Every three months, a new Titanium fund is launched. The fund is launched at a base price of Rs 10, and is open for subscription for three months. The highest unit price recorded in this period is called the Guaranteed Unit Price. All subsequent premiums from fourth year onwards will be invested in your chosen funds in the Self-Managed Option.
On completion of five policy years, units in the Titanium fund are redeemed at the higher of the then prevailing unit price and Guaranteed Unit Price. The redemption proceeds can be either reinvested in the latest available Titanium fund or in the Self Managed Option .
Please note that you retain the flexibility to redirect your future premiums even within the first three years to any other fund than the Titanium Fund. You have to simply send your request and your future premiums will be allocated to the funds of your choice in the Self-Managed Option. Please note that this decision cannot be reversed.
|Guaranteed Unit Protection||Non-Guaranteed Unit Appreciation|
|On 5th Anniversary||GUP of at least 10||any unit appreciation in first 5 years|
|At Maturity||GUP + any unit appreciation in first 5 years||any unit appreciation in last 5 years|
: After completion of 3 policy years, you have the freedom to undertake free unlimited partial withdrawals, subject to maintaining a minimum Fund Value equal to one annual premium plus any surrender charge or top-up premiums you have paid in the previous three years, whichever is higher. The minimum sum of withdrawal should be Rs. 5,000.
: You are entitled to receive guaranteed loyalty additions at the end of the 5th policy year and again at maturity. The loyalty addition is 3% of all policy premiums (excluding top-up premiums) paid in the previous 5 years.
: On maturity, you receive the fund value. Apart from this, under the Guaranteed Option, an amount equal to the number of units in the Titanium Fund times the excess, if any, of Guaranteed Unit Price over the then prevailing unit price of this investment fund is paid.
: The nominee will receive the higher of the fund value or the sum assured less applicable partial withdrawals, if any.
|Entry Age||8 to 70 years of age|
|Policy Term||10 years|
|Premium Paying Term||10 years|
|Premium Paying Frequency||Annually, Semi-annually, Quarterly or Monthly|
|Annual Premium||Minimum Rs. 25,000 p.a. if paid annuallyMinimum Rs. 30,000 p.a. if paid monthly, quarterly or semi-annually|
|Tax Benefit||Section 80C and Section 10(10D) of the Income Tax Act. 1961.|
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