Robinhood Insurance Broker Private Limited

Product Info

UIN

109L049V01

Status

Withdrawn

Launch Date

11/12/2009

Withdrawn Date

31/08/2010

Product Overview

ABSLI Titanium Plus Plan comes with a complete suite of 10 well established unit-linked investment funds in the Self-Managed Option offering you the range 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. It offers the customer a range between 100% debt to 100% equity to suit their particular needs and risk appetite.

Product Description

  • A unit Linked Plan.
  • 10 investment funds available in the product.
  • The Death Benefit paid to the nominee is higher of sum assured and fund value.
  • Premium paying term is for 10years.

COMPARE & BUY SIMILAR PLANS

I hereby authorize OneInsure to communicate with me on the given number for my Insurance needs.
I am aware that this authorization will override my registry under NDNC.

THANK YOU!

Unique Features

  • Under the guaranteed option of the plan, premiums for the first 3 years is invested in a series "Titanium Funds" launched by the company every 3 months.
  • On the 5th policy anniversary, these units are redeemed at a higher of current NAV or GUP and reinvested in a new "Titanium Fund".
  • Along with this, the plan also provides loyalty guaranteed additions @3% of all premiums paid on the 5th year and the 10th year.

 

Eligibility Criteria

Eligibility Criteria
Min. Entry Age 8 years
Max. Entry Age 70 years(Age last birthday)
Max age of Maturity Till Age 70 years
Min Regular Premium Rs. 12,000 p.a.
Min Top-up Premium Rs. 5000(Each top-up premium will increase base Sum Assured by 125% of the top-up premium)
Min Sum Assured Minimum 5 x Annual Policy Premium
Max Sum Assured No limit subject to medical and financial underwriting

OneInsure App Benefits

Store Digitally  |  Get Premium Reminders  |  Service and Claim assistances  |  Empower Nominee
Download OneInsure App :

Product Benefit

  • Maturity Benefit:
    Fund Value will be received at maturity. If you have opted for the guaranteed option, you will receive an amount equal to number of units in Titanium fund multiplied by Guaranteed Unit Price.
  • Death Benefit:
  1. In the unfortunate event of the death of the life insured prior to maturity, we will pay to the nominee the greater of (a) the Fund Value or (b) the Sum Assured reduced for partial withdrawals as follows:
  2. Before the life insured attains the age of 60, the Sum Assured payable on death is reduced by partial withdrawals made in the preceding two years.
  3. Once the life insured attains the age of 60, the SA payable on death is reduced by all partial withdrawals made from Age 58 onwards.

Other Policy Features

Feature Description
Surrender You will receive Fund Value (net of any surrender charge). No Charge applicable on completion of 5 years 
Top-Up Minimum top-up premium is Rs. 5,000 and the maximum top-up premiums till date shall be capped at 25% of all policy premiums till date.
Top-up premiums are not allowed during the first 3 policy years if you choose the Titanium Fund.
Partial Withdrawals No maximum limit, but need to maintain a minimum Fund Value equal to one annual premium plus any surrender charge or top-up premiums paid in the previous three years, whichever is higher.
Unlimited partial withdrawals after 3 policy years
Loyalty Additions Each loyalty addition will be 3% of all policy premiums (excluding top-up premiums) paid in the previous 5 years.
15% of the annual policy premium at the end of the 5 policy years and again 15% at maturity will be received.
 Guaranteed loyalty additions at the end of the 5 policy years and again at when the maturity is received.
Self-Managed Option 100% balance of debt and equity as allocated to the policyholder wherein they have the right to choose which fund he is interested to invest in specified 10 funds - Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier and Super 20.
They have the right to switch into any fund within the 10 funds offered by the company.
Guaranteed option
  Guaranteed Unit Protection Non-Guaranteed Unit Appreciation
On 5 Anniversary GUP of at least 10  any unit appreciation in the first 5 years
At Maturity GUP + any unit appreciation in the first 5 years any unit appreciation in the last 5 years
Note:-  This Guaranteed Unit Price plus any additional unit appreciation becomes your new unit guarantee at maturity.
Fund Switch/Redirection We currently do not levy any charges on requests for premium re-direction, fund switch and partial withdrawal.
Settlement Options Not Available
INVESTMENT FUNDS
Investment Fund Risk Profile Asset Allocation Minimum Maximum
Income Advantage Very Low Debt Instruments, Money Market & Cash  100% 100%
Equities & Equity Related Securities  0% 0%
Assure Very Low Debt Instruments, Money Market & Cash  100% 100%
Equities & Equity Related Securities  0% 0%
Protector Low Debt Instruments, Money Market & Cash  90% 100%
Equities & Equity Related Securities  0% 10%
Builder Low Debt Instruments, Money Market & Cash  80% 90%
Equities & Equity Related Securities  10% 20%
Creator Medium Debt Instruments, Money Market & Cash  50% 70%
Equities & Equity Related Securities  30% 50%
Magnifier High Debt Instruments, Money Market & Cash  10% 50%
Equities & Equity Related Securities  50% 90%
Maximiser High Debt Instruments, Money Market & Cash  0% 20%
Equities & Equity Related Securities  80% 100%
Multiplier High Debt Instruments, Money Market & Cash  0% 20%
Equities & Equity Related Securities  80% 100%
Super 20  High Debt Instruments, Money Market & Cash  0% 100%
Equities & Equity Related Securities  0% 100%
Note: In each Investment Fund except Titanium, the Money Market & Cash asset allocation will not exceed 40%. Money Market Instruments are debt instruments of less than one year maturity
Grace Period and Revival If you are unable to pay your premium by the due date, you will be given a grace period of 30 days (15 days for monthly mode) and during this grace period, all coverage under your policy will continue. You can reinstate your policy for its full coverage within two years from the due date of the first unpaid premium by paying all outstanding premiums together with interest.

Add-ons

Riders Not Available

Charges

Charges
Mortality Charge
Attained Age Female Male
25 1.284 1.328
35 1.387 1.535
45 2.287 2.822
55 5.34 7.105
65 13.197 17.459
 
Surrender Charge 40% of annual policy premium if less than 3 policy years are completed
20% of annual policy premium if less than 4 policy years are completed
10% of annual policy premium if less than 5 policy years are completed
 
Miscellaneous Charges We reserve the right to charge up to Rs. 500 per request in the future.
We currently charge Rs. 100 per policy revival. We may increase this charge in the future subject to a maximum of Rs. 1,000 per revival. 
 
Allocation Charges 10% of policy premium received in the first policy year
5% of policy premium received after the first policy year
2% of top-up premium received in any policy year
 
Policy Admin Charges 0.24% p.m. on the first Rs.25,000 of annual policy premium in all policy years; plus
0.40% p.m. of annual policy premium in the first three policy years only
The policy administration charge is deducted monthly by cancelling units proportionately from each investment fund you have at that time
 
Fund Management Charges 1.00% p.a. for Income Advantage, Assure, Protector and Builder
1.25% p.a. for Enhancer and Creator
1.35% p.a. for Magnifier, Maximiser, Multiplier and Super 20
1.50% p.a. for Titanium Fund of which 0.30% is to provide for the investment guarantee
The daily unit price of each investment fund is adjusted to reflect the fund management charge
Surrender Charges There is no surrender charge once your policy completes five policy years.
Mortality Charges We will redeem units from your investment funds once a month to pay for the maturity Charge.

Exclusions

If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy, the Policy shall be void and the Company will only be liable to pay the premiums paid till date.

Tax Benefits

Tax Benefit under Section 80C, 80D and Section 10(10D) of the Income Tax Act, 1961.

Claim Process

Know Claim Process of ABSLI Titanium Plus Plan

Claim Process

Company Overview

Aditya Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group, a well known Indian conglomerate and Sun Life Financial Inc, one of the leading international financial services organizations from Canada.

BENEFITS OF BUYING FROM ONEINSURE

OneInsure is owned by Robinhood Insurance Broker Pvt. Ltd.

Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.

10
YEARS OF JOURNEY
50,000
HAPPY CUSTOMERS
APP SUPPORT
500+
INSURANCE EXPERTS
7
CITIES
23
OFFICES

That’s a good decision!

By clicking on the “SUBMIT” button, I accept the Terms & Conditions and authorise OneInsure representatives to contact me via Call / SMS / Email

THANK YOU!

A OneInsure representative will call you shortly.

Tab 2

2 burgers per month

burger₹ 700
Your yearly cost on fast food = roughly ₹ 8,400
price
Cost of Health Insurance for whole family with ₹ 5 lakhs cover!

Tab 3

That’s a good decision!

By clicking on the “SUBMIT” button, I accept the Terms & Conditions and authorise OneInsure representatives to contact me via Call / SMS / Email

THANK YOU!

A OneInsure representative will call you shortly.

Get ₹. 50 Lakhs
on retirment by saving
₹. 3,900/ Month.

BUY NOW