Ing Vyasya

11,755 ViewsING Vysya Life Insurance Plans

Clickon the individual plans to read theProduct Details.Term Insurance PlansING Term Life Plus PlanING My Term Insurance Plan - NewCompare Term Plans Endowment PlansING Secured Income Insurance PlanING Secured Income Insurance Plus PlanING Reassuring Life Endowment PlanING Safal Jeevan Endowment PlanING Powering Life PlanING STAR Life PlanCompare Endowment PlansChild PlansING Life Aashirvad PlanING Life Creating Star Guaranteed Future PlanING Creating Life Child Protection PlanING Creating Life Money Back PlanCompare Child Plans Money BackPlanING New Fulfilling Life PlanUnit Linked Insurance Plans - ULIPsING Market Shield PlanING Uttam Jeevan Plan- Single PremiumING Uttam Jeevan PlanING Prospering Life Plan- Single PremiumING Prospering Life Plan - Regular PremiumCompare ULIPs PensionPlanINGLife Golden Years PlanAnnuity PlanING Life Immediate Annuity PlanWhole LifePlanINGNew Fulfilling Life Plan

About ING Vysya Life Insurance CompanyING Vysya Life Insurance Company is a joint venture between ING Insurance International B.V. (26%), Exide Industries (50%) and other share holders like Ambuja Cements Limited and Enam Group, together holding a total of 24%. The company started operations in India in September 2001. ING (International Netherlands Group), is a Amsterdam based financial services company offering its services in more than 40 countries around the world. It is among the largest financial institutions in the world. There are loads of joint ventures under the brand name of ING serving millions of customers across the globe. Exide, is a well know band in India when it comes to batteries. The company manufactures a wide range of batteries to serve the needs of automobiles to industrial units. The name Exide is still synonymous with batteries in India and has a large number of factories spread across the length and breadth of the country. ING Life Insurance Company currently has more than 6,000 employees serving over 10,00,000 customer in over 230 locations across India. The company currently distributes its products through an Alternate Channel and the TIED agency force of more than 60,000 ING advisors.LeadershipKshitij Jain is the Managing Director & Chief Executive Officer of ING Life Insurance Company.Contact PointsCorporate Office'ING Vysya House', 5th Floor22, M.G. Road Bangalore 560001Phone : 91-80-25328000Fax : 91-80-25559764National OperationsOfficeNo 690, 1st floor,Gold Hill Square, Begur Hobli, Hosur Road. Bangalore 560068Phone : 91-80-41345134Fax : 080-41100707Phone / FaxToll free No: 1-800-419-8228Mobile No: +91-9880888228Landline No: 080-41345444Fax : 080-41100700SMSSMS "ING" to 5676770Websitewww.inglife.co.in

Get thebest life insurance planby comparing between different life insurance companies.ING Term Life Plus Plan 1 Comment 2,329 ViewsING Term Life Plus PlanTerm Life Plus Plan of ING Vyasa Life Insurance is a Term Plan with return of premiums. It just means that if the life insured dies within the policy tenure, the nominee would get the Sum Assured as Death Benefit, and if he survives till the half the term, he would get 40% of regular premiums paid till date or 20% of single premium paid and at the end of the term, then he would get the remaining of the total premiums paid as Maturity Benefit. Hence this is a variant of pure term plans where there is maturity benefit as well.Key Features of ING Term Life Plus Plan This is a Term Plan with Return of Premiums on maturity and Sum Assured on death. There is Mid Term benefit available, which is not available in any other similar policies in the industry. Additional rider benefits of Accidental Death and Accidental Death, Disability and Dismemberment benefit. Single and limited premium payment options available.

Benefits you get from ING Term Life Plus PlanDeath Benefit In case of death of the policy holder, the nominee would get the sum assured under the planMaturity Benefit It is paid in 2 instalments: 40% of the premiums are returned as Mid-Term Benefit for Regular Payment policies and 20% for Single or Limited Payment policies. The remaining of the premiums are paid on maturity.Income Tax Benefit - Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80CEligibility conditions and other restrictions in ING Term Life Plus PlanMinimumMaximum

Sum Assured (in Rs.)5,00,000No Limit

Policy Term (in years)1030

Premium Payment Term (in years)1, 3, 5 Equal to policy term

Entry Age of Policyholder1865

Age at Maturity-75

Single premium (in Rs.)NANA

Payment modesYearly, Half-yearly, Quarterly, Monthly and Single

Sample illustration of premium amount in ING Term Life Plus PlanThe below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 50 lakhs and Policy Term = 25 years

Additional Features and Benefits of ING Term Life Plus PlanRiders There are 2 riders in this policy Accidental Death Benefit rider Accidental Death, Disability and Dismemberment Benefit riderWhat happens if?You stop paying the premium - If at least three full years premiums have been paid in case of Regular Premium and two full years premiums in case of Limited Premium and then you stop paying premiums the Policy shall acquire a paid up value. The benefit is paid on death of the Life Assured during the Policy Term or on Life Assured surviving to the Policy Maturity Date. The policy can however be revived within 2 years from the first unpaid premium.You want to surrender the policy Surrender benefits are available after completion of 3 years of the policy. There are limits of how much surrender benefit would be payable to whom. Regular Premium: 40% of the premiums paid by the Policyholder. Limited Premium [5 year Premium Payment Term]: 50% of the premiums paid by the Policyholder. Limited Premium [3 year Premium Payment Term]: 60% of the premiums paid by the Policyholder Single Premium: 70% of the premiums paid by the Policyholder.You want a loan against your policy Loan facility is not available under this policy.Alternate Return of Premium Term Plans from different insurance companies

IDBI Federal Termsurance Protection Plan -TROPBirla Sun Life Premium back PlanMetLife Met Suraksha TROPSBI Life SwadhanOther term insurance plans from ING Vyasa Life Insurance

ING Vyasa Term Life PlanCompare term insurance plans to find the most affordable policy for yourself and your family.

~ By Deepak Yohannan

Note: This is a statement of facts based on the information collected from the ING Term Life Plus Plan brochure and insurance company's website. It should not be construed as a Critical or Favourable ING Term Life Plus Plan Review, Analysis or Recommendation.Insurance is a subject matter of the solicitation.

63 ViewsING My Term Insurance PlanING My Term Insurance Plan is a pure Term Insurance Plan. How it works In this plan, premium can be paid till the end of the Policy Tenure under Regular Premium or for a Limited Term as well. The policy however continues till the end of the Policy Tenure.There are 2 options for choosing Death Benefit in this plan:1. Option A: where regular Sum Assured would be paid as Death Benefit2. Option B: where Family Income Benefit Option is opted such that a chosen percentage of life cover amount would be paid as lump sum and 10% extra life cover is added to the balance and is paid to your family over 60 months as monthly incomeThis plan comes with an in-built benefit of Terminal Illness Benefit where 25% of the Sum Assured is paid on diagnosis of any of the Terminal Illness and the future premiums are paid by the company so as to continue the plan as per schedule. Being a pure protection plan, there is no Survival or Maturity Benefit in this plan.There are 3 additional riders available in this plan, Critical Illness Rider, Accidental Death Benefit Rider and Accidental Death Disability and Dismemberment riderKey Features of ING My Term Insurance Policy This is a simple Term Plan with loads of additional benefits There is Family Income Benefit Option in this plan under Option B where the life cover is provided to the family, part in lump sum and part as income over 60 months Under Family Income Benefit option, a chosen percentage of life cover amount would be paid as lump sum and 10% extra life cover is added to the balance and is paid to your family over 60 months as monthly income There is Terminal Illness Benefit in this plan, where in case of a terminal illness being diagnosed, 25% of the lump sum life cover would be paid immediately and the future premiums are paid by the company and the policy continues as per schedule There are 3 additional riders available in this plan, Critical Illness Rider, Accidental Death Benefit Rider and Accidental Death Disability and Dismemberment rider There is preferential rates for being a non-smoker There is a Large Sum Assured discount in this plan as well as premium discount for female livesBenefits you get from ING My Term Insurance PolicyDeath Benefit In case of death of the Life Insured within the Policy Tenure, the nominee gets : Under Option A, the entire Sum Assured as Death Benefit and the policy terminates Under Option B, there are 4 options available for choosing Family Income Benefit. A chosen percentage of Sum Assured is paid immediately as Lump Sum Benefit and the policy continues. 110% of the Remaining Amount is paid in equal installments over the next 60 months to the family as Family Income BenefitOptionLump Sum BenefitRemainingFamily Income Benefit

I80%20%110% of 20% of Base Sum Assured) / 60

II50%50%110% of 50% of Base Sum Assured) / 60

III40%60%110% of 60% of Base Sum Assured) / 60

IV30%70%110% of 70% of Base Sum Assured) / 60

Maturity Benefit Being a pure protection plan, there is no Maturity Benefit in this plan.Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.Eligibility conditions & other restrictions in ING My Term Insurance PolicyMinimumMaximum

Sum Assured (in Rs.)25 Lacs (For preferred Life, 50 Lacs)25 Crores


Premium Payment Term (in years)Limited Pay (5, 7 , 10 years)Equal to Policy Term

Entry Age of Life Insured (in years)1865

Age at Maturity (in years)-75

Payment modesAnnual, Semi-Annual, Quarterly and Monthly

Sample illustration of premium of ING My Term Insurance PlanThe below illustration is for a 30, 40 and 50 year old male (Non Smoker) opting for a Sum Assured of Rs.1 crore for a Policy Tenure of 30 years

Additional Features and Benefits of ING My Term Insurance PlanRiders There are 3 additional riders available in this plan:1. Critical Illness Rider- with limited and regular payment options2. Accidental Death Benefit Rider and 3. Accidental Death Disability and Dismemberment riderWhat happens if?You stop paying the premium - If the policy holder stops paying the premium, the policy lapses and all benefits cease to exist. The policy can however be reinstated. If at least 3 years premiums have been paid under Limited Premium Paying Option, then the policy gets converted to Reduced Paid Up Value and the policy continues with reduced coverage. This option is not available for Regular Premium Paying Option.You want to surrender the policy There are Surrender Benefits for Limited Premium Paying Option only after all due premiums have been paid. Surrender Value = Total premiums paid (excluding service tax and extra premiums if any) * 70% * (Number of remaining complete years of cover / Policy Term in years).You want a loan against your policy Loan facility is not available in this plan.

Unit Linked Insurance Plans - ULIPsING Market Shield PlanING Uttam Jeevan Plan- Single PremiumING Uttam Jeevan PlanING Prospering Life Plan- Single PremiumING Prospering Life Plan - Regular Premium

1 Comment 23,114 ViewsING Life Market Shield Insurance PlanThis is a unit-linked insurance plan (ULIP) where your premiums are invested in both equity and debt instruments. Hence this plan offers the upside of market investment but comes with the risk of market swings which may go up or down. Key Features of ING Market Shield Plan Highest NAV is guaranteed throughout the policy term and not just at maturity Limited Premium paying term availableBenefits you get from ING Market Shield PlanDeath Benefit In case of death of the policy holder, the nominee gets the higher of Sum Assured or Special Fund Value. Death benefit shall never be less than 105% of total premiums paid to date less any previous partial withdrawals.Maturity Benefit - If the policy holder survives the policy term, then he gets the Special Fund Value.The Special Fund Value is achieved by calculating the higher of Daily NAV Guaranteed Highest NAV, called G-NAVIncome Tax Benefit -Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C.The maturity amounts you receive from this plan are exempt from tax under section 10(10D) provided the Sum Assured is at least 5 times the premium paid at all times.Eligibility conditions and other restrictions in ING Market Shield PlanMinimumMaximum

Sum Assured (in Rs.)10 X AP20 X AP

Policy Term (in years)15 yrs20 yrs

Premium Payment Term (in years)5 yrsEqual to policy term

Lock-in period5 years

Entry Age of Policyholder8 yrs55 yrs

Age at Maturity23 yrs70 yrs

Regular premiumFor 5 yrs limited pay, Rs 48,000And Rs 36,000 otherwiseNo Limit

Single premiumNot Allowed

Payment modesOnly Annual

Top-up premiumRs 5,000Rs 8 lakhs

Sample Illustration of Returns at the end of the policy term in ING Market ShieldAnnual Premium = Rs.48,000Policy Term = 15 years Total Investment = Rs. 48,000 X 15 years= Rs. 7,20,000Expected returns based on 6% and 10% ROIAdditional Features and Benefits of ING Market Shield PlanRiders No riders are available with this planInvestment Fund OptionsUnder this plan the policy holder does not get any fund options as only 1 investment fund available Guaranteed NAV FundTop-up -Every Top-up premium shall have an Additional Sum Assured which will be 1.25 times of the Top-up premium paid. This Additional Sum Assured on Top-up will be in addition to the Basic Sum Assured.Top-ups will not be allowed during the last 5 years of the Policy Term.Switching -Not applicable as only 1 fund available.Partial Withdrawal -You are allowed to make partial withdrawals in this policy after 5 complete policy years or after the Life Insured is at least 18 years old, whichever is later.The minimum amount of partial withdrawal should be Rs. 2,000 and maximum amount equal to 25% of balance in the Special Fund Value, subject to Special Fund Value after each such withdrawal not being less than 1.5 times the one full years annual regular/limited premium.Unlimited number of partial withdrawals can be availed during the Policy Term.What happens if?You stop paying the premium before 5 years - If the policy holder stops paying the premium, the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.You stop paying the premium after 5 years - If the policy holder stops paying the premium after 5 years, then the accumulated policy fund amount till the date of discontinuance shall be paid to the policy holder and the policy will terminate immediately.You want to surrender the policy If the policy holder wants to surrender the policy before completing 5 years, then the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee. If the policyholder surrenders the policy after completion of 5 policy years, then the insurance cover will cease and your fund value shall be paid immediately and the policy would be terminated.You want a loan against your policy Loans are not allowed in this plan.

ING Uttam Jeevan SP 1 Comment 4,889 ViewsING Life Uttam Jeevan Single Premium PlanThis is a single premium unit-linked insurance policy (ULIP). Here, the premium amount is invested in the markets (debt, equity and cash market instruments). The value of investments may go up or down and hence the risk in ULIPS is borne by the policy holder and not by the insurance company.

Key Features of ING Uttam Jeevan SP Plan This is a single premium unit-linked insurance policy. There is an Enhanced Protection Benefit available with this product whereby the Initial Sum Assured increases by 5% every year from 2nd policy year onwards till the end of the policy term. This plan may not require medical check ups. It has a in-built Accidental Death Coverage available.

Benefits you get from ING Uttam Jeevan SP PlanDeath Benefit In case of the unfortunate event of death of the life assured during the policy term, the sum assured will be paid to the nominee. The death benefit will be at least 1.05 times of the single premium paid including Top-up premiums (if any).Maturity Benefit - If the policy holder survives the policy term, then he gets the Fund Value as on the date of maturity. Fund Value at maturity refers to the number of unit price at maturity times the number of units at maturity.Income Tax Benefit -Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C.The maturity amounts you receive from this plan are exempt from tax under section 10(10D) provided the Sum Assured is at least 5 times the premium paid at all times.Eligibility conditions and other restrictions in ING Uttam Jeevan SP PlanMinimumMaximum

Sum Assured (in Rs.)1.25 X Single Premium5 X Single Premium

Policy Term (in years)10 years

Premium Payment Term (in years)Single


Entry Age of Policyholder8 years45 years

Age at Maturity18 years55 years

Regular premiumNot Available

Single premiumRs 48,000Rs 4,00,000

Payment modesSingle

Top-up premiumRs 200025% of Single Premium paid

Sample Illustration of Returns at the end of the policy term in ING Uttam Jeevan SPAnnual Premium = Rs.48,000Policy Term = 10 years Premium payment mode = Single Total Investment = Rs.48,000 X 1 year = Rs.48,000Additional Features and Benefits of ING Uttam Jeevan SP PlanRiders No riders are available with this planType of RiderAvailable with Policy

Accidental death benefitYes

Permanent/Accidental disability benefitNo

Waiver of premium benefitNo

Critical illness (or dread diseases) benefitNo

Increased death benefit / Term riderNo

Hospital cash benefitNo

Life Guardian benefitNo

Investment Fund OptionsUnder this plan the policy holder gets the option of 2 investment funds. They are - ING Preserver ING Prime EquityTop-up -You can invest additional premiums as top-up premiums anytime except in the last five policy years.The minimum top-up premium is Rs. 2,000 and the maximum is 25% of Single Premium paid during the policy term.Every Top-up premium shall have an Additional Sum Assured which will be 1.25 times of the Top-up premium paid. This Additional Sum Assured will be in addition to the life cover.Switching -You are allowed to move from one fund to another by switching the same.There are 4 free switches available each year.Partial Withdrawal -Only one Partial Withdrawal can be availed during a Policy Year and overall five Partial Withdrawals during the entire Policy Term.You are allowed to make partial withdrawals in this policy after 5 complete policy years or after the Life Insured is at least 18 years old, whichever is later.

The minimum amount of partial withdrawal should be Rs. 2,000.The maximum partial withdrawal is 10% of the Fund Value prevailing at that time subject to fund value after each such withdrawal not being less than 20% of the single premium.What happens if?You want to surrender the policy during the initial 5 years from the policy commencement then the surrender benefits shall be payable to the policyholder only after completion of 5 full Policy Years. However, such surrender benefits along with the earned interest shall be paid to the Policyholder on completion of 5 full policy years and the policy terminates. On Discontinuance or Surrender after 5 years, the Fund Value is paid immediately and the policy is terminated.You want a loan against your policy Loans are not allowed in this plan.

ING Uttam Jeevan Plan 67 ViewsING Uttam Jeevan PlanING Uttam Jeevan Plan is a Regular Premium Unit Linked Insurance Plan. It is a Non-Traditional Insurance Plan from ING Life Insurance Company. How it works In this plan, premium needs to be paid for the entire policy tenure of 20 years. In this plan, there is an Enhanced Protection Benefit available with this product where the Initial Sum Assured increases by 5% every year from 2nd policy year onwards till the end of the policy term.Thus, in this plan, the Life Coverage provided is initial Sum Assured + Enhanced Protection Benefit + Fund Value. Thus, if the Life Insured dies within the policy tenure, initial Sum Assured + Enhanced Protection Benefit + Fund Value would be paid to the nominee as Death Benefit and the policy terminates.However, on survival till the end of the policy tenure, the Fund Value would be paid to the Policyholder as Maturity Benefit and the policy terminates. There is also an additional Accidental Death Benefit rider in this plan.Key Features of ING Uttam Jeevan Insurance Plan It is a Regular Premium Unit Linked Insurance Plan There is Enhanced Protection Benefit available with this product where the Initial Sum Assured increases by 5% every year from 2nd policy year onwards till the end of the policy term This plan can be taken by filling a short medical questionnaire without medicals There is double death benefit in this plan of the initial Sum Assured + Enhanced Protection Benefit + Fund Value The Fund Value is paid to the policyholder on policy maturity In this plan, there is an additional Accidental Death Coverage availableBenefits you get from ING Uttam Jeevan Insurance PolicyDeath Benefit In case of death of the Life Insured within the Policy Tenure, the nominee gets the initial Sum Assured + Enhanced Protection Benefit + Fund Value, subject to 105% of total premiums paid to date (excluding any applicable rider premium and/or underwriting extras) less any previous partial withdrawals as Death Benefit and the policy terminates.Maturity Benefit When the policy matures, the Fund Value is paid to the policyholder as Maturity Benefit and the policy terminates.Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditionsEligibility conditions & other restrictions in ING Uttam Jeevan Policy MinimumMaximum

Sum Assured (in Rs.)10 X Annualized Premium


Premium Payment Term (in years)20


Age at Maturity (in years)2865

Annual Premium (in Rs.)1800036000

Payment modesOnly Annual

Sample Illustration of returns of ING Uttam Jeevan PlanThe below illustration is for a healthy Male (non-tobacco user) opting for a Annual Premium = Rs 24000Policy Term= 20 years

Additional Features and Benefits of ING Uttam Jeevan PlanRiders There is 1 Additional Rider in this plan:1. Accidental Death Benefit RiderInvestment Fund Options - In this plan, there are 2 funds available in this plan:1. ING Preserver2. ING Prime EquityTop-up Premium can be paid anytime except in the last five policy years. The minimum top-up premium is Rs. 2,000 and the maximum is 25% of Total Premium paid during the policy term. Every Top-up premium shall have an Additional Sum Assured which will be 1.25 times of the Top-up premium paid. This Additional Sum Assured will be in addition to the life cover.Switching - There is unlimited switches available in this plan. The first 4 switches in this plan are offered free of cost. Any additional switch within that policy year will be charged Rs.200 per switch.Partial Withdrawal - In this policy, partial withdrawal is allowed after 5 complete policy years or after the Life Insured sis at least 18 years old, whichever is later. The minimum amount of partial withdrawal should be Rs. 2,000 subject to a maximum of 10% of the Fund Value prevailing at that time subject to Fund Value after each such withdrawal not being less than 1.5 times the one full years annualized regular premium. Only one Partial Withdrawal can be availed during a Policy Year and overall five Partial Withdrawals during the entire Policy Term.Charges in ING Uttam Jeevan PlanPremium Allocation Charge This charge is deducted from the Premium Paid by you Policy YearPremium Allocation Charge

1st 9%

2nd 3%

3rd onwardsNIL

Top Up Premium2%

Policy Administration Charge This is the charge for the administrative working of the policy and is deducted by cancellation of units on a monthly basis. Policy YearPolicy Administration Charge

Year 2 to Year 100.50% per month

11th Year onwards0.40% per month

Fund Management Charge This charge is deducted by adjusting the NAV of the units on a daily basis.TypeCharge

ING Preserver1.00%

ING Prime Equity1.35%

Discontinuation Charge This charge is for discontinuing the plan before the end of the Policy Tenure.Year of DiscontinuationAnnual Premium Rs 25,000 p.a.

1st Lower of20% of (Annual Premium or Fund Value) subject to a maximum of Rs 3,000Lower of6% of (Annual Premium or Fund Value) subject to a maximum of Rs 6,000

2nd Lower of15% of (Annual Premium or Fund Value) subject to a maximum of Rs 2,000Lower of4% of (Annual Premium or Fund Value) subject to a maximum of Rs 5,000

3rd Lower of 10% of (Annual Premium or Fund Value) subject to a maximum of Rs 1,500Lower of 3% of (Annual Premium or Fund Value) subject to a maximum of Rs 4,000

4th Lower of5% of (Annual Premium or Fund Value) subject to a maximum of Rs 1,000Lower of2% of (Annual Premium or Fund Value) subject to a maximum of Rs 2,000

5th onwardsNIL

Mortality Charge This charge is paid for the Life Coverage provided according to the Sum At Risk. This is based on the mortality rates which are specified for all ages and amount of cover being provided.Service Tax would be applicable on the charges depending on the applicable rates.What happens if?You stop paying the premium before 5 years - If the policy holder stops paying the premium, the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.You stop paying the premium after 5 years - If the policy holder stops paying the premium after 5 years, then the accumulated policy fund amount till the date of discontinuance shall be paid to the policy holder and the policy will terminate immediately.You want to surrender the policy - If the policy holder wants to surrender the policy before completing 5 years, then the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee. If the policyholder surrenders the policy after completion of 5 policy years, then the insurance cover will cease and your fund value shall be paid immediately and the policy would be terminated.You want a loan against your policy There is no loan facility in this product.

ING Prospering Life Plan Single Premium 62 ViewsING Prospering Life Plan Single PremiumING Prospering Life Plan SP is a Single Premium Unit Linked Insurance Plan. Thus, it is a Non-Traditional Insurance Plan from ING Life Insurance Company.How it works In this plan, premium needs to be paid upfront under Single Premium Payment Option but the policy continues for the entire policy tenure of 10 years. There is Loyalty Additions in this plan of a refund of 50% of mortality charges deducted during the entire policy term.In this plan, there are 2 investment strategies in this plan and there is Automatic Asset Allocation Strategy in this plan. There are 5 funds for Self-Managed Option.In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of the Sum Assured or the Fund Value as Death Benefit and the policy terminates. However, on survival till the end of the policy tenure, the Fund Value would be paid to the Policyholder as Maturity Benefit and the policy terminates. Key Features of ING Prospering Life Insurance Plan SP It is aSingle Premium Unit Linked Insurance Plan There is Loyalty Additions in this plan of a refund of 50% of mortality charges deducted during the entire policy term There are 2 investment strategies in this plan There is Automatic Asset Allocation Strategy in this plan There are unlimited free switches and redirections available in this plan In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of the Sum Assured or the Fund Value as Death Benefit The Fund Value is paid to the policyholder on policy maturityBenefits you get from ING Prospering Life Insurance Policy SPDeath Benefit In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of the Sum Assured or the Fund Value as Death Benefit and the policy terminates.Maturity Benefit When the policy matures, the Fund Value + Loyalty Additions are paid to the policyholder as Maturity Benefit and the policy terminates.Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditionsEligibility conditions & other restrictions in ING Prospering Life Policy SPMinimumMaximum

Sum Assured (in Rs.)For age at entry < 55 years: 1.25 to 5 times the Single PremiumFor age at entry of 55 years or above: 1.1 times the Single Premium


Premium Payment Term (in years)Single


Age at Maturity (in years)1875

Single Premium (in Rs.)72000No Limit

Payment modesOnly Single

Sample Illustration of returns of ING Prospering Life Plan SPThe below illustration is for a healthy Male of 30 years (non-tobacco user) opting for a Annual Premium = Rs 1,00,000Sum Assured = Rs 5,00,000Policy Term= 10 years

Additional Features and Benefits of ING Prospering Life Plan SPRiders There are no Additional Riders in this plan:Investment Fund Options - In this plan, there are 2 Investment Strategies in this plan: Self-Managed Strategy whereby the policyholder can choose his own funds according to his risk appetite. There are 5 funds for choice: ING Prime Equity Fund Growth Fund Balanced Fund Secure Fund ING Preserver Professionally Managed Strategy whereby the professional fund manager manages the fund on behalf of the investor by allocation in : ING Active Asset Allocation FundTop-up Premium can be paid anytime except in the last five policy years. The minimum top-up premium is Rs. 5,000 and the maximum is Rs 8,00,000 per Life Assured. Every Top-up premium shall have an Additional Sum Assured which will be 1.25 times of the Top-up premium paid for age 55 years or less and 1.1 times the Top Up Premium for age more than 55 years. Switching - There is unlimited free switches available in this plan from one fund to another. Partial Withdrawal - In this policy, partial withdrawal is allowed after 5 complete policy years. The minimum amount of partial withdrawal should be Rs. 5,000 subject to a maximum of 10% of the Fund Value prevailing at that time subject to Fund Value after each such withdrawal not being less than 20% of the Single Premium. Partial Withdrawal can be made anytime except in the last 5 policy years.Charges in ING Prospering Life Plan SPPremium Allocation Charge This charge is deducted from the Premium Paid by you Premium BandPremium Allocation Charge

Rs 72,000 to Rs 99,9993%

Rs 1,00,000 to Rs 1,99,9992.5%

Rs 2,00,000 and Above2%

Top Up Premium2%

Policy Administration Charge This is the charge for the administrative working of the policy and is deducted by cancellation of units on a monthly basis. Premium BandPolicy Administration Charge

Rs 72,000 to Rs 99,9990.15% from Year 2 to Year 50.10% from Year 6 to Year 10

Rs 1,00,000 to Rs 1,99,9990.10%

Rs 2,00,000 and Above0.05%

Fund Management Charge This charge is deducted by adjusting the NAV of the units on a daily basis.TypeCharge

ING Prime Equity1.35%

ING Active Asset Allocation Fund1.35%

Growth Fund1.25%

Balanced Fund1.25%

Secure Fund1.00%

ING Preserver1.00%

Discontinuation Charge There is no charge is for discontinuing the plan before the end of the Policy Tenure.Mortality Charge This charge is paid for the Life Coverage provided according to the Sum At Risk. This is based on the mortality rates which are specified for all ages and amount of cover being provided.Service Tax would be applicable on the charges depending on the applicable rates.What happens if?You stop paying the premium Being a Single Premium Plan, there is no requirement of further payment of premium. You want to surrender the policy - If the policy holder wants to surrender the policy before completing 5 years, then the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee. If the policyholder surrenders the policy after completion of 5 policy years, then the insurance cover will cease and your fund value shall be paid immediately and the policy would be terminated.You want a loan against your policy There is no loan facility in this product.

ING Prospering Life 7,312 ViewsING Prospering Life PlanThis is a unit-linked insurance plan (ULIP) which is a mix of insurance and investment. After deducting the charges, the premiums are invested in certain financial instruments. The customer can choose to for equity or debt instruments based on his/her risk appetite. However, it is important to know that in such plans, the risk of investment is borne by the customer and not the insurance company. Key Features of ING Prospering Life Automatic Asset Allocation Strategy Customer can choose a pre-defined ING strategy which will allocate funds between debt and equity by itself, eliminating the hassle of constant monitoring by the customer Unlimited free switches and redirections Monthly payment mode also available

Benefits you get from ING Prospering LifeDeath Benefit In case of death of the policy holder, the nominee gets the higher of Sum Assured or Fund Value. Maturity Benefit - If the policy holder survives the policy term, then he/she gets the Fund Value.Income Tax Benefit - Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C.The maturity amounts you receive from this plan are exempt from tax under section 10(10D) provided the Sum Assured is at least 5 times the premium paid at all times.Eligibility conditions and other restrictions in ING Prospering LifeMinimumMaximum

Sum Assured (in Rs.)For age at entry below 45 years: Fixed at 10 X APFor age at entry of 45 years or above: Fixed at 7 X AP

Policy Term (in years)16 yrs20 yrs

Premium Payment Term (in years)Policy Term / 2Equal to policy term


Entry Age of Policyholder8 yrs55 yrs

Age at Maturity24 yrs71 yrs

Regular premiumRs 48,000 p.a.Rs 96,000 p.a.

Single premiumNot Allowed

Payment modesAnnual, Semi-Annual, Quarterly and Monthly

Top-up premiumRs 5,000No Limit

Sample Illustration for ING Prospering Life planPremium = Rs.48,000Policy Term = 10 years Total Investment = Rs. 48,000 X 20 years= Rs 9,60,000Additional Features and Benefits of ING Prospering LifeRiders No riders are available with this planInvestment Fund OptionsUnder this plan the policy holder gets the following fund options to choose from ING Prime Equity Fund Growth Fund Balanced Fund Secure Fund ING PreserverTop-up -The Minimum Top Up amount is Rs. 5,000/- at one time.Every Top-up premium shall have an Additional Sum Assured which will be 1.25 times of the Top-up premium paid. This Additional Sum Assured on Top-up will be in addition to the Basic Sum Assured.Top-ups will not be allowed during the last 5 years of the Policy Term.Switching -Unlimited switches are available to the policy holder.Partial Withdrawal -You are allowed to make partial withdrawals in this policy after 5 complete policy years.The minimum amount of partial withdrawal should be Rs. 5,000 and a maximum amount equal to 25% of the Fund Value, subject to Fund Value after each such withdrawal not being less than 1.5 times the one full years annual regular premium.What happens if?You want to surrender the policy If the policy holder wants to surrender the policy before completing 5 years, then the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.If the policyholder surrenders the policy after completion of 5 policy years, then the insurance cover will cease and your fund value shall be paid immediately and the policy would be terminated.You want a loan against your policy Loans are not allowed in this plan.

Endowment PlansING Secured Income Insurance PlanING Secured Income Insurance Plus PlanING Reassuring Life Endowment PlanING Safal Jeevan Endowment PlanING Powering Life PlanING STAR Life Plan

ING Secured Income Insurance RP 1,108 ViewsING Secured Income Insurance RP PlanING Secured Income Insurance RP is an endowment policy. This is a Regular Premium Traditional Plan with Bonus Facility. How it works In this plan premium needs to be paid till the end of the Policy Tenure. There are 2 options under this plan- Base and Economy. At the end of the Policy Tenure, the Maturity Benefit that is provided to the Life Insured is Sum Assured + Vested Bonus + Terminal Bonus. However, if the Life Insured dies within the Policy Tenure, under Base option (Sum Assured + Family Income benefit + Vested Bonus + Terminal Bonus) is provided as Death Benefit and under Economy Option (Sum Assured + Vested Bonus + Terminal Bonus) is provided as Death Benefit to the nominee.The Base Option has Family Income Benefit, i.e. 2% of the Sum Assured will be paid every month for 5 years following the death of the Life Insured. Hence a total benefit of 120% of Sum Assured would be paid out as Family Income Benefit if death of the Life Insured occurs within the Policy Tenure under Base Option.Key Features of ING Secured Income Insurance RP Policy There are 2 options in this plan: Base Economy The Maturity Benefit provided is (Sum Assured + Vested Bonus + Terminal Bonus ) If the Life Insured dies within the Policy Tenure, under Base option (Sum Assured + Family Income benefit + Vested Bonus + Terminal Bonus) is provided as Death Benefit to the nominee If the Life Insured dies within the Policy Tenure, under Economy Option (Sum Assured + Vested Bonus + Terminal Bonus) is provided as Death Benefit to the nominee. The Base Option has Double Death Benefit- Sum Assured + Family Income Benefit will be paid Under Family Income Benefit Option, 2% of the Sum Assured will be paid every month for 5 years This plan has regular Premium Payment Term This Plan has 4 additional riders available. This plan provides discount for high premiums paidBenefits you get from ING Secured Income Insurance RP PlanDeath Benefit In case of death of the Life Insured within the policy tenure, the nominee receives Under Base Option: Sum Assured + Family Income Benefit + Vested Bonus + Terminal Bonus Under Economy Option: Sum Assured + Vested Bonus + Terminal Bonus Maturity Benefit At the maturity of the policy, the insured will get Sum Assured + Vested Bonus + Terminal Bonus Income Tax Benefit Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)Eligibility in ING Secured Income Insurance RP PolicyMinimumMaximum

Sum Assured (in Rs.)-50,00,000


Premium Payment Term (in years)Equal to PT

Entry Age of Policyholder060 Age at Entry

Age at Maturity1870

Single premium (in Rs.)NA

Payment modesYearly, Half-yearly or Monthly

Minimum Annual Premium Amount 12,000Base Option: No LimitEconomy Option: 12,000

Sample illustration of premium amount in ING Secured Income Insurance RPThe below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 10,00,000 and Policy Term = 20 years.

Additional Features and Benefits of ING Secured Income Insurance RPRiders- There are 4 Additional Rider available with this plan1. Accidental Death Benefit Rider2. Accidental Death, Disability and Dismemberment Benefit Rider3. Term Rider4. Critical Illness RiderWhat happens if?You stop paying the premium If you stop paying the premiums after 3 policy years, the policy acquires a Paid Up Value for a Reduced Sum Assured but the policy would be eligible for any future Bonuses and the policy is converted to a reduced Paid Up Value. The Policy can however be reinstated within 5 years from the date of first unpaid premium.You want to surrender the policy You can surrender your plan after 3 full years premiums have been paid.Surrender Value= 30% or 50% of the Total premiums paid (depending upon the type of Plan Chosen, Base or Economy and duration of premiums paid)This plan is also eligible for Special Surrender Value = (Total Number of Premiums Paid/Total Number of Premiums Payable) X Sum Assured of base Policy + Accumulated Bonuses, if any.You want a loan against your policy Loan facility is available under this policy after 3 policy years

ING Secured Income Insurance Plus PlanING Secured Income Insurance Plus is an endowment policy. This is a Limited Premium Traditional Plan with Bonus Facility. How it works In this plan premium needs to be paid for 5, 7 or 10 years as selected at the policy inception. At the end of the Policy Tenure, the Maturity Benefit that is provided to the Life Insured is Sum Assured + Vested Bonus + Terminal Bonus + 10% of the Sum Assured as Guaranteed Additions. However, if the Life Insured dies within the Policy Tenure, (Sum Assured + Family Income benefit + Vested Bonus + Terminal Bonus) is provided as Death Benefit to the nominee.Under Family Income Benefit Option, 2% of the Sum Assured will be paid every month for 5 years following the death of the Life Insured. Hence a total benefit of 120% of Sum Assured would be paid out as Family Income Benefit if death of the Life Insured occurs within the Policy Tenure.Key Features of ING Secured Income Insurance Plus Policy The Maturity Benefit provided is (Sum Assured + Vested Bonus + Terminal Bonus + Guaranteed Additions) If the Life Insured dies within the policy tenure, (Sum Assured + Family Income benefit + Vested Bonus + Terminal Bonus) is provided as Death Benefit to the nominee The Base Option has Double Death Benefit- Sum Assured + Family Income Benefit will be paid Under Family Income Benefit Option, 2% of the Sum Assured will be paid every month for 5 years This plan has Guaranteed Additions of 10% of the Sum Assured payable on maturity This plan has Limited Premium Payment Term This Plan has 3 additional riders available. This plan provides discount for high premiums paidBenefits you get from ING Secured Income Insurance Plus PlanDeath Benefit In case of death of the Life Insured within the policy tenure, the nominee receives Under Base Option: Sum Assured + Family Income Benefit + Vested Bonus + Terminal Bonus Under Economy Option: Sum Assured + Vested Bonus + Terminal Bonus Maturity Benefit At the maturity of the policy, the insured will get Sum Assured + Vested Bonus + Terminal Bonus Income Tax Benefit Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)Eligibility in ING Secured Income Insurance Plus PolicyMinimumMaximum

Sum Assured (in Rs.)-50,00,000


Premium Payment Term (in years)5, 710

Entry Age of Policyholder060 Age at Entry

Age at Maturity1870

Single premium (in Rs.)NA

Payment modesYearly, Half-yearly or Monthly

Minimum Annual Premium Amount 12,000Base Option: No LimitEconomy Option: 12,000

Sample illustration of premium amount in ING Secured Income Insurance PlusThe below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 1,00,000 and Policy Term = 20 years.

Additional Features and Benefits of ING Secured Income Insurance PlusRiders- There are 4 Additional Riders available with this plan1. Accidental Death Benefit Rider2. Accidental Death, Disability and Dismemberment Benefit Rider3. Term Rider4. Critical Illness RiderWhat happens if?You stop paying the premium If you stop paying the premiums after 3 policy years, the policy acquires a Paid Up Value for a Reduced Sum Assured but the policy would be eligible for any future Bonuses and the policy is converted to a reduced Paid Up Value. The Policy can however be reinstated within 5 years from the date of first unpaid premium.You want to surrender the policy You can surrender your plan after 3 full years premiums have been paid.Surrender Value= 30% or 50% of the Total premiums paid (depending upon the type of Plan Chosen, Base or Economy and duration of premiums paid)This plan is also eligible for Special Surrender Value = (Total Number of Premiums Paid/Total Number of Premiums Payable) X Sum Assured of base Policy + Accumulated Bonuses, if any.You want a loan against your policy Loan facility is available under this policy after 3 policy years

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