|
Platinum Advantage features capital protection, embedded investment advice, life cover and aggressive market linked growth options ù all under one life insurance plan. This plan offers you the flexibility to adjust the risk profile and tenure of your investments as you climb the ladder of success and your needs evolve and change.
|
|
Depending on your risk profile, you may decide to deposit your premium in two types of accounts: the Shield Account or the Dynamic Account.The Shield Account offers a guaranteed amount on maturity, while the Dynamic Account allows you access to more aggressive investment options. You may even have a combination of both the accounts, giving you the comfort of a guarantee underpin, as well as the opportunity to take some additional, more aggressive market exposure.
|
|
While there generally seems to be an inverse relationship between safety and returns, here is a unique investment avenue that assures the dual benefits of security with returns. Your investments under the Shield Account are protected from any erosion on maturity, even in case of a high equity exposure; you are assured of protection of your funds with a guaranteed maturity Value.
|
|
- Maximize equity exposure in bull markets, actively trimming it back, either to lock in strong returns or limit the downside risk in falling markets.- Shield your savings from the vagaries of market volatility.
|
|
Top-up Accounts have been created to augment your savings as and when you have surplus amounts. These accounts (one per top-up premium) facilitate growth of your investments, apart from providing ready liquidity in case the need arises. Top-up premiums are restricted to 25% of the Basic Annual premiums. These are paid up to the date of Top-up.
|
|
If you have paid all the premiums within the days of grace and made no partial withdrawals from the Shield Account, the benefit on maturity would be the aggregate of:- Guaranteed Maturity Value or value of units in the Shield Account, whichever is higher.- Value of units in the Dynamic Account.- Value of units in the Top-Up Accounts (if any).Otherwise, the benefit would be the aggregate of the fund value of the units in all the Accounts.
|
|
The beneficiary would receive an amount equal to:- Life cover Sum Assured, plus- Value of units in the Shield, Dynamic and Top-up Accounts.
|
|
- Accidental Death Benefit- Permanent Disability Benefit- Critical Illness Benefit- Life Guardian Benefit û provided the life assured is different from the Proposer- Accidental Disability Guardian Benefit
|
|
- To be able to choose the proportion of capital security and aggressive equity returns in your investment portfolio.- A low cost structure with no hidden charges.- An investment-oriented insurance package.- Unparalleled flexibility in premium payments.
|