ING My Term Insurance- New Cheapest Term Insurance plan with additional features

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.

Key Benefits 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, 6^th Floor, Centenary building, MG Road,

Bangalore-560001

Cell: +91 9844519872

Email: ravi.kumar5@inglife.co.in

Transferring UK pension to a QROPS in India

If you are moving abroad or have a job overseas you may want to transfer your UK pension rights normally the value of your pension fund, to an overseas pension scheme. There are conditions that must be satisfied at the point of transfer and restrictions on accessing the fund afterwards to which tax charges may apply.

Transfers to an overseas pension scheme that is not a QROPS are treated as ‘unauthorised payments’ and are subject to tax charges.

A QROPS is an overseas pension scheme that can receive a transfer of the value of your rights from a UK registered pension scheme without you incurring tax charges. HM Revenue & Customs requires a QROPS to broadly mirror a UK pension scheme. This means that if you transfer your pension fund to a QROPS you can still receive a lump sum and pension when you retire, much as you would expect if you had kept your pension savings in a UK registered pension scheme. This is subject to any local laws & tax treatment in the country where the QROPS is established or the country where you become resident.

You must give certain information to the scheme administrator of the UK scheme before the transfer can be made. One can use certain prescribed forms such as APSS263 Qualifying Recognised Overseas Pension schemes-Member information to give this information to the scheme administrator or if you prefer you can give the same information in a letter. The above mentioned prescribed form can be downloaded from HMRC website.

The information is needed to enable HMRC to monitor transfers to QROPS more closely. Transfers should be made for genuine reasons consistent with providing pension benefits when you retire. HMRC expects you to be aware of and have fully considered, the possible tax charges that may arise from a transfer. This is why you are asked to sign an acknowledgement confirming you understand that a transfer overseas may result in you having to pay unauthorized payment tax charges to HMRC after the transfer is made. You should be aware that such charges can still arise long after the transfer is completed.

The value of your UK registered pension scheme will still have to be tested against the lifetime allowance that is 1.5million pounds for 2012-13 when you transfer your rights overseas. The lifetime allowance is the maximum value you can build up in UK registered pension schemes without incurring tax charges. Your UK pension scheme administrator will tell you what percentage of the lifetime allowance has been used up by the transfer.

If the amount transferred is more than your lifetime allowance the excess will be taxed at 25%.

UK tax charges can still apply even after you have transferred your pension fund value to a QROPS. Certain payments made out of the QROPS may be subject to UK tax charges. The same charges apply to similar payments made out of a UK pension so you will not avoid tax simply by transferring your pension fund value to a QROPS.

Contact For advice &  Start up of the process

Ravi Kumar
Senior Manager- Branch B-21
Exide Life Insurance Company India Ltd
# 28, 6th floor, Centenary building, MG Road
Bangalore-560001. Karnataka- India
Cell: +91 9844519872
 Email 2: ravi.sampige@gmail.com

Note: The service to the customers in transferring their pension fund will be given irrespective of the locations where ever they stay, like any parts of India or Abroad.

Equity Market Review

Domestic equity benchmarks, S&P CNX Nifty and BSE Sensex, gained around 5% in November following positive developments in domestic and international markets. On the domestic front, markets cheered up following moody's investors service's decision to retain its stable outlook on India's soverign  rating supported by the high household savings rate and a relatively competitive private sector which will push up economic growth. Sentiments got another booster dose after Goldman sachs upgraded India to 'overweight' from 'market-weight', seeing growth recovery and inflation moderation ahead. The government's strong confidence in getting parlimentary clearence for foreign direct investment in the retail sector supported the markets.

On the international front, the Eurozone finance minister's and the International Monetary fund's consent on a plan aimed at reducing Greece's debt provided relief to the market. Encouraging economic data from the US, China and Germany further improved market sentiments. The market was also supported by continued and strong foreign institutional investor buying. 

Some gains were, however, capped on worries over the looming US fiscal cliff after Moody's downgraded France's government bond rating to Aa1 from Aaa. Back home, sentiments are also dented after GDP growth declined to 5.3% in july-september as compared to 5.5% in the previous quarter. Gains were also limited due to an unexpected Contraction of the Index of Industrial production in September 2012 and record high trade deficit in October 2012.

BSE sectoral indices ended mostly higher for the month except the BSE Oil & Gas Index, which fell 1.23% due to rise in crude oil prices during the month and on worries of subsidy clearence by the government for the oil marketing companies. The BSE Consumer Durables Index gained the most, up 15.76%, as investors preferred to take defensive bets amidst volatility in the market. The BSE Realty Index rose 12.80% due to renewed buying in the sector shares due to stock specific action. The BSE Auto Index ended up at 4.92%.

The markets are expected to be driven by policy announcements by the Indian government and the investors will closely watch as the policy related to reforms. The markets will also be driven by developments in the US and Eurozone.

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, about recent developments in the equity market . However, this blog is not responsible for any error or inaccuracy in the same.

“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