Titanium Plus Plan

Why Invest in Titanium Plus Plan?

In this policy the investment risk in investment portfolio will be borne by the policyholder.

Never settling for the second best option is your signature. So, your financial planning has to be the best in class and provide you with the greatest value for your hard earned savings. Hence, we present Canara HSBC Life Insurance Titanium Plus Plan - a savings and protection oriented unit linked insurance plan designed exclusively for preferred customers like you.

Features

  • Flexibility of single or limited or regular Premium Payment
  • Multiple Portfolio Management Options
  • 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
  • Option for partial withdrawals to help you meet unplanned contingencies
  • Tax benefits#

Eligibility Criteria

Age

Limited Pay & Regular Pay:

Parameters
Minimum
Maximum
Entry Age (Life Assured)

0 years

70 years

Maturity Age

18 years

80 years


Single Pay:

Parameters
Minimum
Maximum
Entry Age (Life Assured)

13 years

70 years

Maturity Age

18 years

75 years

Benefits

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 as on the date of intimation of death claim, or
  • 105% of all Premiums paid up to the date of death

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 8 different Unit Linked Funds with different risk appetites. Alternatively you may select one among 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 8 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
  • Large Cap Advantage Fund
  • Debt Fund
  • Liquid Fund

1. 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 - Emerging Leaders Equity Fund or India Multi-Cap Equity Fund or Equity II Fund or Large Cap Advantage Fund as chosen by you.

2. 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.

3. 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.

4. 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:

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. 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.

Disclaimer

UIN:136L063V03

Canara Bank (IRDAI Regn. No. CA0045) is the Corporate Agent of the Insurer.

The online journey is being enabled through the Insurance Self Network platform (ISNP) of the Company where Canara Bank is a market participant as the corporate agent of the insurer.

Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availment of any other facility from the bank.

Trade Logo of Canara HSBC Life Insurance Company Limited (formerly known as Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited) is used under license with Canara Bank and HSBC Group Management Services Limited.

The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at 139 P, Sector - 44, Gurugram - 122003, Haryana, India.

The premium mentioned is for standard lives. Premium rates for tobacco users will vary. Your actual premium will depend on the Company's assessment of risks on your health, lifestyle, occupation, etc. Annualized premium may vary for monthly mode.

For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.

Website: www.canarahsbclife.com
Call (Toll free no.): 1800-103-0003/ 1800-180-0003/ 1800-891-0003
SMS: 9779030003
Missed Call: 0124-6156600
Email: customerservice@canarahsbclife.in

#Tax benefits under the plan 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.

Collection of advance premium shall be allowed within the same financial year for the premium due in that financial year. However, where the premium due in a financial year is being collected in previous financial year, the premium may be collected for a maximum period of three months in advance of the due date of the premium. The premium so collected in advance shall only be adjusted on the due date of the premium. Such advance premium, if any, paid by the Policyholder shall not carry any interest.

Medical charges will be deducted in case of non-issuance of the policy.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

Unit Linked Insurance products are different from the traditional insurance products and are subject to the risk factors.

The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.

Canara HSBC Life Insurance Company Limited is only the name of the insurance company and Canara HSBC Life Insurance Titanium Plus Plan is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.

Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document issued by the insurance company.

The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme are not being offered any guaranteed / assured returns.

The premiums & funds are subject to certain charges related to the fund or to the premium paid.

The premium shall be adjusted on the due date even if it has been received in advance.

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Canara HSBC Life Insurance Company Limited
IRDAI Registration no: 136

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