ING Vysya has come up with two new ULIP plans, named ING Prospering Life and ING Market Shield. These plans will invest its majority of fund in stock market, by January.
ING currently generates 15% of its revenue from Unit Linked Products. In the next 6 to 12 months company looking to increase its revenue from Unit Linked Products to 25 per cent.
ING was waiting for necessary approvals from IRDA to launch the products which company has received recently. Products has launch as per new the guidelines and will provide you an investment cum protection option.
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ING Prospering Life
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ING Market Shield
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| 1) Plan provides you life cover up to 10 times of annual premium. |
1) Plan provides you life cover up to 10-20 times of annual premium. |
| 2) Plan which comes with 5 fund options, offers diversified mix of equity and debt to choose from. |
2) Plan offers you guaranteed NAV to protect you from market fluctuation. |
| 3) Automatic asset allocation strategy allows automatic rebalancing of debt and equity to conserve the wealth generated. |
3) Guaranteed NAV can be availed any time in policy term, not only on maturity. |
| 4) Plan offers flexibility in terms of unlimited free switches and premium redirections, it also offers free of charge withdrawals and top-ups. |
4) Plan offers flexibility in terms of charge free withdrawals and top-ups. |
| 5) Plan comes with limited pay option through which you have the option to pay premium half the number of policy term. |
5) Plan comes with flexible option of limited premium payment term. |
| 6) Age at the entry (min 8 yrs and max 55 yrs). |
6) Age at the entry (min 8 yrs and max 55 yrs). |
| 7) Age at the maturity (min 24 yrs and max 71 yrs). |
7) Age at the maturity (min 23 yrs and max 70 yrs). |
| 8 ) Policy Term is 16 yrs or 20 yrs. |
8 ) Policy Term is 15 yrs or 20 yrs. |
| 9) Premium payment modes- Annual, Half-yearly, Quarterly, Monthly. |
9) Plan comes with annual premium payment only. |
ING Prospering Life is an excellent tool for wealth creation while enjoying control over your asset. This plan will help you to achieve your investment objective as well as provide you much needed insurance protection in case of any unforeseen.
ING Market Shield plan which will ensure that you never miss an opportunity to maximize your gains and at the same time will limit your losses with the help of guaranteed NAV.
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