Canara Hsbc Titanium Plus Plan vs Smart Life Plan Life Insurance Plan 2026 | PolicyX
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Canara HSBC Titanium Plus is an individual-linked life insurance savings plan. It offers the dual benefit of insurance and investment. Unlike a normal savings plan, this investment plan invests in market equity to maximize the return on your investment. There are eight different funds available in this plan, which invest your money across different sectors of the industry. With four different portfolio management options, this plan offers life cover for up to 80 years of age.

In emergencies, you can also partially withdraw your investment.

Canara HSBC Titanium Plus Plan offers a range of benefits, including:

  • Wealth booster and loyalty addition
  • Flexible premium payment term
  • Multiple Portfolio Management Options
  • Switching of investment among different funds
  • Enhance protection through riders
PLAN DETAILS

Canara Hsbc Titanium Plus Plan

Smart Life Plan
Premium Including GST
Key Features
(Key features of the plan)
  • Loyalty addition
  • Choice of 8 funds
  • Flexible Premium Payment Term
  • Explore All about Kotak SmartLife Insurance
  • Understand the Key Features & Benefits
  • Check Eligibility Criteria
Plan Maturity age Minimum 18 years, Maximum 80 years Maximum Maturity Age - 75 years
Plan Sum Assured 5, 7, 10, 15 years. 6, 8, 10, 12, and 15 years
Plan Entry Age Minimum 0 years, Maximum 70 years Minimum Age - 3 years Maximum Age - 55 years
Plan Payment modes Minimum 1.25 X Single Premium, Maximum 1.25 X Single Premium Rs. 2,50,000 to No limit
Plan Policy loan Quarterly, Half-yearly, Annually Annual, half-yearly, quarterly & monthly
Plan Sample Premium Rs. 1, 25,000/ -
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum 0 years, Maximum 30 years 75 years less entry age of life insured
Claim Settlement Ratio (2024-25) Minimum Age - 0 year Minimum Age - 5 year

* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above life insurance plans using the PolicyX Life Insurance Calculator.

Riders

Benefits of Kotak Smart Life Plan

There are various benefits to buying the Kotak Smart Life Plan. Let’s understand each of them in detail:

  • Death Benefit: In case of the unfortunate death of the policyholder, the death benefit will be paid provided all the due premiums have been paid. The Death Benefit paid will be: Sum assured on death + Interim Bonus (if any) + Terminal Bonus (if any) + Present Value of Outstanding Cash Bonus Payout for the remaining months of the year of death of the policyholder.
  • Survival Benefit: The company will pay the survival benefits on the basis of the bonus option chosen by the policyholder at the beginning of the policy.

    Cash Payout Option: Declared cash bonus is paid till the end of the policy term or surrender/death, whichever is earlier. This is applicable at the end of each policy period, beginning from the end of the 1st policy year. One can also choose Cash Payout on a monthly basis, which will be calculated as: (102.25% * Yearly Cash Bonus Payout) / 12.

    Paid-up additions: Declared cash bonus is utilized to buy paid-up additions (additional sum assured). This is applicable at the end of each policy period, beginning from the end of the 1st policy year.

  • Maturity Benefit: Under this plan, if the policyholder survives till the end of the policy term, then the maturity benefit is provided as follows:

    Cash payout: Basic Sum Assured + Cash Bonus + Terminal Bonus (if any).

    Paid-up additions: Basic Sum Assured + Cash Bonus + Accrued Paid-up Addition (if any) + Terminal Bonus (if any).

  • Tax Benefit: You can avail tax benefits for the premium paid against this policy under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

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Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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