“BUSINESS OPPORTUNITY WITH ING LIFE”

 You will explore an exciting opportunity with ING Life which provides an

             Attractive Earning Potential

by just investing your free time in a flexible manner.

        ING Insurance

                         

• 150+ years experience in financial services

• Part of the 8th largest global corporation*

• Offers Life Insurance & Retirement Services.

• Operates in 26 countries

• Employs over 30,000 people

• Top 3 international insurer in Asia

• Serves over 5 million customers in Asia

*Source: Fortune Global 500, July 2009

Mission: “To set the standard in helping our customers manage their financial future.”

         ING in India

ING AS A GROUP

ING Life Insurance

ING Life has a pan India presence and offers a comprehensive range of products.

ING Vysya Bank

ING Vysya Bank is a premier private sector bank with a heritage of over 76 years, has 1.7 million satisfied customer, across 497 branches.

ING Investment Management

ING Investment Management (IIM) offers investment solutions and services to over 190,000 clients through single and multimanager products across a range of asset class.

         ING Life India

• A well established life insurance company in India. (Headquartered in Bangalore)

• A joint venture in which majority of the shareholding is with ING Group & Exide Industries.

• Serves over 10 lakh customers

• ING Life believes in the value of optimism, knowledgeable, trustworthy and transparent.

229

251         ING Life India

62000+

• ING Life Started Operations in September 2001

• Has a Pan India Presence*

Ø Cities        – 229

Ø Offices      – 251

Ø Advisors   -62000+

Ø No of employees -6000+

All the above figures are as of September 2009

              The Opportunity Exists:

As There is Huge Market Potential In Our Country

• The GDP Growth at an average of 7% P.A.

• The average amount spent on lifestyle is likely to go up to Rs. 25,000 p.m.

• 5 Crore Indians will be earning Rs. 4 lakh per annum (approx) by 2012. Source – MGI India Consumer

Executive Survey 2007-08

• Strong regulatory framework (IRDA) to protect policy holders’ interest.

• Intenders for Life Insurance increased to 30%* in 2011

Untapped potential: 7 out 10 citizens are un-insured or under-insured.*

Source – IRDA Journal - * Annual Journal 2008

*Nielsen Brand Track

              ING Life Business Opportunity

Help your customers manage their financial future

How Key Success Factors

• By becoming an ING Life Advisor.

• By meeting customers to understand their financial and insurance needs.

• By recommending appropriate Life Insurance solution(s).

        KEY SUCCESS FACTORS

• Social and Networking skills.

• Dedicated time to develop your business.

• Positive and resilient attitude.

• Continuous learning and development.

     You WILL become the face of ING

Our Advisors…

Ø  COME FROM ALL WALKS OF LIFE

Ø  THEY HAD VARIOUS NEEDS & REASONS

Ø  HAD APPREHENSIONS

          About ING Life Women advisors

• 35% of ING Life’s current advisor force is women –of which housewives play a major role

• The ING Life Business opportunity has provided them with :

• Confidence

• Knowledge

• Increased Savings

• Respect and Recognition

• Foreign trips to various destinations

• A rewarding career

   Training at ING Life

• Understand the basics of life insurance

• Identify your initial market potential

• Prepare for a successful launch

• Prepare for your Licensing Exams

• Series of refreshers and advanced interventions

• Upgrade your selling skills as you move up the career

• Sustain your success over the years

• Know your company and the life insurance industry

• Learn the financial market basics

• ING Life Products and related process for issuing a policy

• Learn to Sell

       Company Support

Office Infrastructure & Sales Support

• Facility to use our Branch Offices.

• Advisor Portal.

• Sales Helpdesk.

Marketing Support

•Sales presenters / Brochures / Activity

Support.

• Advisor Signage.

• ING merchandise.

Customer Service Support

•Exclusive Customer Service Department &

Renewal Department.

•Web Based and Call Center Support.

An array of benefits…

Extra income for the family

Work during your free time

Company Support

Effective Training Programs

Recognition and Rewards

Career Growth

                         REWARDS & RECOGNISATION

CAR               Rising Star

EER GROWTH

A quick win program for new advisors that helps

• Recognize initial success within 3 months of coding

• Get additional payouts

• Get honored as a “Rising Star”

Additional benefits:

• Invitation to Quarterly celebrations / meets.

• ING Sales Kit comprising of branded bag, pen,

lapel pin and business cards.

• Rising Star Certification.

* The earning shown here are indicative only and are subject to various factors.

            ADVISORS DEVELPOMENT PROGRAMME

6) CEO’S CLUB

5) DIRECTOR’S CLUB

4)GOLD CLUB

3)SILVER CLUB

2)BRONZE CLUB

1) ROOKIE CLUB

    Advisor Development Program

• Customized Business Cards

• Personalized Stationery

(Directory & CEO member only)

• Invitation to quarterly celebrations

• Health, term & insurance cover*

* Depends upon the club level achieved

Contact me, if you want to explore great oppertunity.

Ravi kumar

Sr. Manager

ING Life Insurance Company India Ltd

# 28, 6th floor, Centenary building,

MG Road, bangalore-5600

ADVISOR DEVELOPMENT PROGRAM

Bronze Club

Silver Club

Gold Club

Director’s Club

CEO’s Club

                                

Term insurance plan

A term insurance plan isn one financial product that can take care of literally all your financial risks. while it has no maturity value, it offers protection for a specified tenure at the lowest cost. For instance, a 30 year old man can get a 30-year cover of Rs 30 lakh for a monthly premium less than Rs.1000.

 Term plans do not have any maturity or surrender value. As such, most buyers will look for one with the lowest premium. However, there are other factors one should consider before buying a term plan. Unlike endowment plans, the premium for term plans with longer duration is more. Still, choosing one that offers the maximum term makes sense. Once you find yourself bereft of financial responsibilities, you can always discontinue the cover. For a 30- year old, a term plan with a maximum term of 25 will not make much sense. 

 It is always good to look for an insurer who offers term plans with a high maturity age. Most plans provide coverage till the age of 60 years or 65 years. if you buy a cover when you are 30, it would normally see you through till your retirement, i.e., till you are 60. If you think you will have financial dependents even around that time, buying a term plan with coverage till 70 or 75 would be more beneficial. 

The right time to buy a term cover is when one has financial dependents. Buying a cover at a younger age keeps the premium low as compared to buying it late in life. Term plans are the cheapest life covers. However, insurers do not sell them to just anybody. One has to be in good health and insurers put the prospective buyers through stringent medical tests before issuing polices. In some cases, they even ask for extra premium if health  parameters do not remain within their underwriting limits. A 40-year old individual looking for a Rs. 1 crore policy might be denied a cover or allowed one with extra premium. As such, buying a term plan early in life is always cheaper.

New Cheque Norms: Cheque Truncation System – CTS 2010

                      

What is CTS 2010 Standard (Cheque Truncation system)

Cheque Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point.

In its place, an electronic image of the cheque is transmitted to the drawee branch by the clearing house, along with relevant information like data on the MICR band, date of presentation, presenting bank, etc.

Hence – Cheque leaf is being redesigned in terms of size, MICR band, quality of paper, etc., to make them of CTS standard, which each bank is doing.

CTS 2010 chequebook has the following distinguishing features:

                •"Please sign above" is mentioned on cheque leaf on the right hand side bottom.

                 

                •Void Pantograph (a wave like design) is embossed on left hand side of Cheque leaf.

                This feature should not be visible on the scanned image but should be clearly visible in photocopies and scanned color images.

                This would act as a deterrent against color photocopy or scanned color images of a cheque.

Advantages of Cheque Truncation system

With the introduction of imaging and truncation,

                •The physical movement of instruments is stopped.

                 

                •Electronic movement of images of cheques speeds up the process of settlement and can facilitate reduction in the clearing cycles as well.

                •There is no fear of loss of instruments in transit.

                 

                •Limitations of the existing clearing system in terms of geography or jurisdiction can be removed.

                •Will Enable consolidation and integration of multiple clearing locations managed by different banks with varying service levels into a nation-wide standard clearing system with uniform processes and practices.

                •Scope of frauds inherent in paper instruments is reduced. Cheque frauds can be greatly reduced with introduction of minimum security features prescribed under CTS Standards 2010, such as embedded verifiable features such as bar-codes, encrypted codes, logos, watermarks, holograms, etc., for early interception of altered / forged instruments.

Importance of filling up the cheques correctly in CTS 2010

                1)Post implementation of the Cheque Truncation System (CTS) 2010 Standard the cheques will not travel physically from one location to another location for clearance, it would be through electronic image transfer from the bank where the cheque is deposited to the drawee bank, This also means even a small mistake on the cheque will result in the cheque not getting cleared.

                 

                2)Also use image-friendly colored inks to write the cheques to ensure good image quality.

                3) In addition, writing the cheque properly also prevents the risk of frauds on your cheques. Not to mention that banks charge a few hundred rupees as a fine, for cheques that get bounced due to non-financial reasons

 Note: Effective 01-01- 2013, Non CTS cheques is not  accepted for any kind of Financial Transaction.

                 

                 

Term Insurance Plan- Building a Solid Personal Financial Foundation

“World’s longest bridge is 4000 m across the sea and can withstand an earthquake of magnitude 9”.

“Chinese bamboo trees expand its roots for 4 years without any growth above the surface and shoots to a height of 80 meters in the 5^th year”.

If we take the example of bridge, it takes years to build, with tones of concrete and steel bound together. A bridge is build over rough terrain, unbalanced surfaces and is made to suffer harsh weather. Yet a bridge never falls on the itself. It holds itself together and connects our world. It stands strong and unshaken.  A bridge… lives on because it was built strong. It’s foundation and planning makes all difference. A bridge represents our life. Without a strong foundation, the uncertainties of life can take away all the happiness and security we wish to offer our loved ones.

                             Importance of solid foundations at different stages of life

Foundations laid down during the earlier stages of life will secure the well being and progress that unfolds in the later stages of life since,  From Birth to Death, an individual has to cross different stages of life as follows:

Ø  Birth---- ---à

Ø  School

Ø  Birth + School

Ø  Birth + School + Career

Ø  Birth + School + career +Marriage

Ø  Birth + School + Career + marriage + Retirement-----------then-----à Death

One should ask themselves the  following questions to know exactly where they stand as of now.

a)      Have you saved enough?

b)      Are your loved ones financially secured?

c)       Do you see most of your aspirations come true?

d)      Will your family be all right in your absence?

As you answer these questions, you might realize that many dreams are still in the making. And many more, have not yet come to pass. The following are the dreams, most of us got in general:

Ø  Children’s needs like higher education, Marriage.

Ø  Personal needs like a Better lifestyle, Family vacations, Health expenses

Ø  Future needs like having a dream Home, Retirement savings, Car purchase etc..

But the point is “WHAT WILL BUILD A STRONG FOUNDATION FOR TOMORROW? “

It is very important to build a solid foundation and plan for uncertainties & future income. It is good to review dreams in the wake of uncertainties. An uncertainty may cause you a loss of income or wealth, and bring your dreams to a standstill. It is important how one is prepared to face the same? The following questions will make better understand of the topic.

Ø  How will you meet your daily expenses?

Ø  How will you pay for your child’s education?

Ø  How will you pay for your home loans?

Ø  How will continue with your life style?

Ø  How will you match your financial goals?

There are circumstances which are unavoidable in nature that affects your family’s financial future. Your income may be impacted by any of the following events:

1)      Premature death: Results in total loss of income.

2)      Accidental Disability: Reduces your chances of employment & hence income earning capacity.

3)      Critical illness: Puts you off the job for an indefinite and may consume major chunk of your income and savings.

4)      Hospitalization of you or a family member: Consumes your income and savings drastically.

Protection is the foundation of your family’s financial well being. Your dreams can stay protected and in time come true, if you plan for all contingencies today. By protecting your future, you take the first step to laying a strong foundation for you and your loved ones. Protection needs differs for different stages of life. The below given example make better understanding of the same.

Ø  Age 25-35( Young & Single)---à  a) Saving for wealth creation : Life insurance & Disability riders

Ø  Age 30-40(Married)----à a) Home Purchase b) Financial Millstones (buying a Car)  : Life insurance - Mortgage protection

Ø  Age 35-40(Married with young children)----à a) Saving for children’s education /Marriage : Life insurance -Health Insurance.

Ø  Age 40-50(with Grown up children)---à a) Start Saving for Retirement b) Health Care c) Mortgage Insurance: Life insurance-Health insurance.

Ø  Age 55+ (Retired) -----à Retirement Support Medical expenses.

You can invest in a protection plan and the cover will depend on your age, income, immediate & ongoing financial commitments, liabilities and other planned milestone expenses. The following equation will help explain this better:

Current Monthly expenses (Rent, Food, clothing, school fees, etc..)With assumed inflation rate + Outstanding Loans (on mortgages, auto etc) + Future Milestone Expenses (child’s Higher education, Marriage etc.)  - (Minus) - Existing Insurance + Current savings.

All insurance plans offer a life cover. It’s prudent to go for higher life cover that helps in building a solid foundation. A Term Insurance plan:

a)      Provide lump sum amount which can be used to  take care of regular life style expenses, life stage based goals, purchase of assets or payment of any outstanding loans.

b)      Offer the option to take certain money as income for certain period.

Accidental Disability Riders: Offer lump sum amount in case of disability due to an accident.

Critical Illness Protection Riders: Offer lump sum amount in case any of the critical illnesses diagnosed with.

To avail complete benefits and build a Solid Foundation for your family’s financial future, Term insurance plan with Accidental, Disability, dismemberment & Critical illness Riders is the best solution.

Disclaimer: The information given above are the result of personal readings of related genuine documents and personal understanding of the subject matter. This  is written to make the readers understand, how it is importance to go for Term Insurance plan . However, this blog is not responsible for any error or inaccuracy in the same.

Do mail/call for services of Term Insurance plan

Ravi Kumar

Sr. Sales manager

ING Vysya Life Insurance

MG Road, Bangalore-560001

Email: ravi.kumar5@inglife.co.in

           Ravi.sampige@gmail.com

Cell: 9844519872