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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 Life Plus
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Plan Nature
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ULIP
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Plan Category
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Saving
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UIN No.
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114L029V01
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About Plan
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ING LifePlus is the easiest way of taking unit linked insurance. While it allows you to invest and manage your investments at your own pace as per your risk profile, its inbuilt Enhanced Protection Cover feature ensures that your life cover keeps increasing throughout the policy term and ensures that you and your family are well protected.
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Minimum Entry Age
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10 YEARS
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Maximum Entry Age
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45 YEARS
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Maximum Maturity Age
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65 YEARS
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Minimum Policy Term
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10 YEARS
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Maximum Policy Term
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20 YEARS
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Benefits
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| Particulars | Description |
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Maturity Benefits
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The Policy matures on completion of the Policy term chosen by you. You will receive the Fund Value as on th Policy Maturity Date or as per the Settlement Option chose by you.
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Death Benefits
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On death before the Policy Maturity Date, the (Sum Assured plus enhanced protection cover)prevailing at that time OR the Fund Value which ever is higher, will be payable.
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Switch Benefit
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You have the flexibility to review the performance of your Unit Linked Funds periodically and Switch investments from one Unit Linked Fun to another. Two switches per policy year are offered from of Switching Charges.
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Partial Withdrawal Benefit
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The Plan offers you the additional flexibility of opting for a Partial Withdrawal on completion of 5th Policy year. You can avail one Partial Withdrawal not exceeding 25% of the Fund balance per Policy year.
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Surrender Benefit
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You can surrender your Policy any time after the third Policy year, subject to payment of at least One Full Year's Premium. You will receive the Fund Value less the 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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Accident Death Disablity & Dismemberment Benefit [114C002V01]
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Accident Death Benefit [114C003V01]
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Subject to the fulfillment of the conditions of the Policy, the Company will return the premiums paid under the policy in the following manner
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Protection Cover: Upwards of 5 lacs Sum AssuredFlexibility to choose a policy term between 10 and 30 yearsMid-term benefit on surviving to 50% of the term On maturity Total premium less any extra premium paid and mid-term benefit, shall be payable
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In the event of death of the LA during the policy term, the sum assured chosen under the policy shall be payableOptional riders for comprehensive accidental coverage in regular payment option
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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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17-Jun-13
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21.0496
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Debt Fund
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17-Jun-13
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19.4446
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Equity Fund
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17-Jun-13
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16.7802
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Growth Fund
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17-Jun-13
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22.7597
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Secure Fund
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17-Jun-13
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20.3574
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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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