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Insurance Company
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ING Vysya Life Insurance Company Ltd
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Plan Name
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ING Future Perfect
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Plan Nature
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ULIP
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Plan Category
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Investment Plan
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UIN No.
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114L045V01
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About Plan
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ING Future Perfect Plan is a unit linked insurance policy that combines the benefit of protection & investment opportunity. You have theoption to enhance your protection coverage through rider options; and systematic survival benefits during the term will help you to meetregular income requirements as well.
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Minimum Entry Age
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8years
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Maximum Entry Age
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55years.
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Maximum Maturity Age
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80years age last birthday
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Minimum Policy Term
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80 minus age at entry
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Maximum Premium
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70years.
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Premium Paying Term
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15 to 25 years
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Minimum Premium
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Yearly - Rs. 18,000Half-yearly - Rs. 9,000Quarterly - Rs. 4,500Monthly - Rs. 1,500For Mly mode: Minimum 3 Mly premiums to be collected at the time of issue
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Minimum Policy Term
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Rs.2,000
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Maximum Top up Premium
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Should not exceed 25% of the total regularpremiums paid
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Minimum Sum Assured
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5 times the annualized premium.
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Maximum Sum Assured
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25 times the annualized premium, subject tounderwriting considerations.
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity of the policy, Fund Value as on the date of maturity is payable.
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Death Benefits
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·Before commencement of Systematic Survival Benefit Higher of Sum Assured OR Fund Value is paid After commencement of Syteatic Suvival Benefit: Higher of (Sum Assured less all the systematic survival benefits) OR Fund Value is paid.
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Partial Withdrawal Benefit
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At any point of time after completion of 3 policy years, during emergency you can withdraw a part of your fund. Thus, this plan gives provision for liquidity at the time of your need, so look no further!!Two partial withdrawals can be availed during the policy term including the partial withdrawals from the Top Up account subject to amaximum of 25% of the fund value prevailing at that time subject to a partial withdrawal fee.The partial withdrawal benefit is available subject to payment of three full year's annualised regular premiums and fund value after each such withdrawal not being less than 1.5 times the one full years' annualized regular premium.There is a 3 year lock-in period for withdrawal from top-ups i.e., a policyholder will be allowed to make any partial withdrawals from thetop-up contributions only after 3 years from the date of remittance/realization of top-up contributionPartial Withdrawal Benefit shall not be allowed in case where the life assured is a minor until the life assured attains the age of majority.The sum assured will be reduced by the amount of applicable partial withdrawals made during the 24 months preceding the date of death, for the calculation of death benefit.
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Surrender Benefit
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The importance of availability of cash in some emergencies can't be denied, therefore, we provide you with a choice of surrendering the policy. You can avail this facility after payment of one full year's annualized regular premiums; however the surrender value payment can be made only after completion of 3 full policy years. The surrender value payable will be the fund value less applicable surrender charges.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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You can tailor your investment strategy in line with your risk appetite. You can allocate your premiums in any proportion between 2 funds - ING Preserver and ING Prime Equity or choose from a pre-defined investment strategy
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At the policy anniversary immediately following the attainment of age 60 or completion of 10 policy years whichever is later, the policyholder has the option to avail systematic survival benefits at the rate of 5% of available fund value increasing by 0.5% every policy year. The payments are made on each policy anniversary date, subject to survival of the life assured and is payable till the end of the policy term provided the fund value after payment of this benefit being at least 1.5 times the one full years' annualised regular premium. The systematic survival benefits are not paid where premiums due and the policy is in revivalperiod. However once the policy is reinstated or policyholder exercises the cover continuation option the systematic survival benefits will commence again from the following policy anniversary at the rate of 0.5% plus the rate prevailing as on the last unpaid premium date.
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The plan provides Loyalty Additions equal to 250% of the First Policy Year's Regular Premium allocation charges at the end of 25 years of the policy trm. This benefit is available provided at least 15 policy years premiums are paid and is paid into the Policyholders' Fund Value.
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Balanced Fund
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Debt Fund
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Equity Fund
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Growth Fund
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Secure Fund
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Particulars
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Range
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Balanced Fund
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Equity
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20% - 40%
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Debt
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60% - 80%
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Debt Fund
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Debt instruments
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0% - 100%
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Equity Fund
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Equity
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90% - 100%
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Debt
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0% - 10%
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Growth Fund
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Equity
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40% - 60%
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Debt
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40% - 60%
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Secure Fund
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Equity
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10% - 20%
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Debt
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80% - 90%
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Balanced Fund
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23-May-13
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21.1614
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Debt Fund
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23-May-13
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19.4505
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Equity Fund
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23-May-13
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17.0416
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Growth Fund
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23-May-13
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22.9525
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Secure Fund
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23-May-13
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20.4252
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Balanced Fund
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Debt Fund
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Equity Fund
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Growth Fund
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Secure Fund
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06-Aug-09
09:45
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Frank Koster as CEO for Asia/Pacific Insurance business : ING
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27-May-09
10:42
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Hiring of 3,000 advisers a month : ING Life
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20-May-09
14:15
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ING Life Insurance has tied up with Suvidhaa Infoserve
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13-May-09
12:46
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Premium income growth of 24 in last FY : ING Vysya Life
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26-Feb-09
12:28
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ING Life tied up with South Indian Bank
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12-Feb-09
18:36
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ING Life launches ULIP 'ING Prime Life'
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11-Feb-09
10:40
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Pension Plans Contribute
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10-Feb-09
13:52
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ING group to infuse more capital into joint venture
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13-Jan-09
13:50
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ING bets on TV ad to improve connect
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02-Oct-08
09:51
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ING Vysya ties-up with eSeva in Hyderabad
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