Property, gold, or a simple fixed deposit. Investing is
always good, but not good enough when it comes to building a solid foundation
for your family’s financial future. A solid foundation that will ensure nothing
comes in the way of your family’s dreams in your absence. So what exactly will
help you build that solid foundation?
The answer is very simple. By protecting yourself with ING My Term
Insurance. Because, once you are well-protected, your family can live without
worries. And no matter what tomorrow holds for you, your family’s future
remains secure.
|
|
|
|
- A substantial life cover: In case of an
unfortunate event, your family gets lump sum amount as financial
support so that they continue to stay with same comforts as they
have been.
- Family income benefit: You may choose to provide
life cover amount to your family, part in lump sum and part as
income over 60 months. The chosen percentage of life cover amount as
lump sum will be paid immediately; a 10% extra life cover is added
to the balance and is paid to your family over 60 months as monthly
income.
Payout options under Family Income Benefit
|
% of Life Cover in Lump sum
|
80%
|
50%
|
40%
|
30%
|
|
% of Life cover as monthly
income
|
20%
|
50%
|
60%
|
70%
|
-
- Terminal Illness Benefit:In case of a terminal
illness being diagnosed, you will receive 25% of the lump sum life
cover immediately, to help you meet immediate medical expenses. At
this point, you are not required to pay any future premiums, but the
policy continues to be in force.
If the illness doesn’t prove to be terminal
for life assured within the period as specified in terms and
conditions, the company reserves the right to resume future
premiums.
- Flexibility to pay your
premium: You have the option to pay premium amount as per your
convenience. You can choose from the following payment modes:
Regular Pay : Pay premium over the chosen policy term.
Limited Pay: Pay premium over a limited payment term as you
enjoy the policy benefits for the full term. What’s more, you can
also benefit by saving on the total premium amount.
- Enhance your protection :You have the option to
enhance your protection at a nominal cost by adding rider. Choose
from
ING Critical Illness Riders
ING Accidental Death Benefit (ADB)
ING Accidental Death Disability and Dismemberment rider (ADDDB)
- Save Tax: All the premiums paid and
the life cover amount received are exempt from income tax u/s 80(C)
and section 10(10D) respectively.
|
|
|
Product Features
|
Minimum
/ Maximum Age at Entry
|
18
- 65 years age last birthday
|
|
Minimum
/ Maximum Maturity Age
|
75
years age last birthday
|
|
Policy
Term*
|
Fixed
Term:- 10 – 35 years
|
|
Premium
Paying Term (PPT)
|
Regular
Pay: Equal to policy term
Limited Pay: 5 or 7 or 10 years
|
Minimum
Life Cover ( )
|
 25
lakhs
|
Maximum
Life Cover ()
|
25
crores
|
|
Premium
Mode
|
Annual,
Semi-Annual, Quarterly and Monthly
|
|
|
*the minimum policy term for 7 year PPT is
15 years and for 10 year PPT is 20 years.
For
Assistance & advice on Term insurance, Do contact me
Ravi
Kuamr
Sr.Manager
( Emp Code: 40601)
ING
Vysya Life Insurance Co (I) ltd
#
28, 6th Floor, Centenary building, MG Road,
Bangalore-560001
Cell:
+91 9844519872
Email:
ravi.kumar5@inglife.co.in
