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Thursday, February 12, 2009

ING Life Insurance launches new scheme

ULIP with an option of systematic withdrawal

ING Life Insurance has launched ING Prime Life. ING Prime life comes with an option of systematic withdrawal feature which allows withdrawing money when required the most. It is a unit linked insurance plan (ULIP) that gives you the unique advantage of saving as well as reaping returns on investment, where more than 100% of the initial (first year) allocation charges are returned. Also with it the sum assured increases by 5% every year. The plan comes with an in-built accidental protection feature, insuring you against death or disability. With ING Prime Life, you also have an option to extend the term to make most of your investments.

Key Benefits

Return more than Initial Allocation Charges

Sum Assured increases every year

Option to extend the policy term by 10 years

Inbuilt additional accidental coverage

Product Features

Eligibility:

Minimum Age at Entry: 10 years

Maximum Age at Entry: 45 years

Minimum Age at Maturity: 25 years

Maximum Age at Maturity: 65 years

Minimum Yearly Premium: Rs. 12,000 p.a.

Maximum Yearly Premium: Rs. 60,000 p.a

Minimum Top-up Premium: Rs. 2,000 (Total of the Top Up Premiums at any time should not exceed 25% of the Total Regular Premiums paid)

Initial Sum Assured: A fixed sum assured of 5 times the annualized premium

Policy Term/ Premium Paying Term: Fixed @ 15 years / 20 years

Premium Payment Modes: Annual, Half-yearly, Quarterly, Monthly (only automated payment for monthly mode)

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