ING Life Insurance launches 'Guaranteed Income Insurance Plan'

Non-public insurer ING Life insurance today released Guaranteed Income Insurance plan, a standard life solution that provides a sponsor of certain benefits to be able to customers along with complies using the new product guidelines.

"This is often a very beautiful and simple to understand remedy unlike a lot of products offered available in the market. In this plan of action the purchaser makes quality payments pertaining to 50 per cent of the actual chosen policy term along with enjoys certain tax totally free regular income above the remaining policy term.

"At the conclusion of this policy period, the consumer gets a guaranteed levy free large sum pay out, " ING Life insurance coverage Chief Fiscal Officer UcoVegter said in a very release given here.



While using premium paying ability, the consumer can come to a decision the revenue payout solution he would want to benefit from, he added.

The key highlights of ING Assured Income Insurance policies are guaranteed tax-free normal income from mid involving policy period, guaranteed revenue payout in the rate involving 11-13 % per annum, guaranteed readiness benefit, guaranteed life handle for full policy period and levy savings with all premiums paid along with benefit portions.

Headquartered in Bangalore, ING Vysya Life insurance coverage Company will be 100 % owned simply by Exide Sectors.