ING Life Insurance: ING Guaranteed Income Insurance Plan, a Guaranteed Tax- Free Income Solution...

We all have dreams, for our families and ourselves, and they are limitless. A regular guaranteed income helps in realizing these dreams.

  Keeping this in mind, ING Life Insurance today announced the launch of  ING Guaranteed Income Insurance Plan,  a traditional life insurance solution that offers a host of guaranteed benefits to customers. This plan complies with the new product guidelines applicable from 1st  October 2013.

5 reasons why one should buy ING Guaranteed Income Insurance Plan:

·                  Guaranteed Tax - Free Regular Income from mid of policy term.

·                  Guaranteed Income payout  at the rate of  11 % to 13 %  p.a.

*The income payout is calculated on the sum assured which is derived from the premium paid by the customer.

·                  Guaranteed Maturity Benefit..

  Tax-freelump sum amount on maturity.

·                  Guaranteed Life Cover  for full policy term.

·                  Tax Savings  on all premiums paid and benefit amounts.

 

Mr.UcoVegter, Chief Financial Officer, ING Life Insurance said,  “We are delighted to launch ING Guaranteed Income Insurance Plan, a unique product designed to ensure continuity in your income so that you are able to enjoy your life uninterrupted. This is a very attractive & simple to understand solution unlike many products offered in the market. In this plan the customer makes premium payments for 50 % of the chosen policy term and enjoys guaranteed tax free regular income over the remaining policy term. At the end of the policy term, the customer gets a guaranteed tax free lump sum payout. Based on the premium paying ability, the customer can decide the income payout option he/ஷெ would like to benefit from.”

Key Benefits of ING Guaranteed Income Insurance Plan.. 

 Regular Guaranteed Tax Free Income..

  You pay premium for a ‘chosen number of years’ and start receiving a guaranteed regular income for the remaining period till the end of policy term. You have an option to receive this income, monthly or /  annually.

Guaranteed Income Payout Rates of up to 13% p.a..

You can choose the rate at which you want the income payouts: 11 % per annum., 12 % per annum or 13 % per annum Income is paidas a percentage of the sum assured chosen. The income payout rate varies with premium payment term and premium amount chosen.

In case monthly income payout opted, the percentages applicable are 0.85 % per month / 0.90 % per month / 1 % per month. for income payout rate of 11 % per month., 12  % per annum and 13 % per annumrespectively.

 

Guaranteed Maturity Benefit..

  At end of policy term, you receive a lump sum amount equal to sum assured. This is paid along with the last income payout.

 

Guaranteed Life Cover for Full Policy Term..

 In case of unfortunate eventuality, your family will get highest of following:

 

^                    10 times the annual premium.

^                    Sum Assured

^                    105 % of the premiums paid

 

You can choose from the following life cover payout options:

Option A..

  Receive a  Lump Sum Amount, or

Option B..

   Receive as  Family Income Benefit  (FIB) wherein 110 % of the life cover amount is given as monthly income spread over 60 months.

 

Save Tax..

  You save tax on premiums paid and benefit amount under section 80C and section 10(10D) respectively.

Please refer to the attached brochure for more details on the product.

Press enquiries: 
MSL India: Ramya Eshwaran @9003316821/Vijay Chithra@9790982253
ramya.eshwaran@mslgroup.com/  vijay.chithra@mslgroup.com

About ING Vysya Life Insurance Company Limited

ING Vysya Life Insurance Company Limited is an established life insurance company with over a decade of experience serving over I million customers in over 200 cities in India. Headquartered in Bangalore, ING Vysya Life Insurance Company Limited is 100% owned by Exide Industries Limited.

The company distributes its products through key channels like Tied Agency, Banc assurance and Alliances. The Tied Agency channel comprises over 30,000 ING Vysya Life Insurance Advisors, spread across the country. The Banc assurance and Alliances business within ING Vysya Life Insurance is a fast growing distribution channel, and includes the Banc assurance partner (ING Vysya Bank), Referral Partners, Corporate Agents and Brokers.

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