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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 Prospering Life
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Plan Nature
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ULIP
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Plan Category
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Savings & Investment Plan
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UIN No.
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114L055V02
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About Plan
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It is a Unit Linked Insurance Plan which not just offers life cover but also offers various fund options and strategies which will enable you to maximize your returns as per your investment choice.
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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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Minimum Policy Term
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16years
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Maximum Policy Term
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20years
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Maximum Top up Premium
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Rs.5,000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On the maturity date you have two options to choose from the below 1. Take the Fund Value as on the date of maturity as a lump sum.Take the Fund Value as on the date of maturity in equal annual installments of units over a period of 3 or 5 years after the Maturity date.
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Death Benefits
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In the unfortunate event of death of the life assured during the policy term, higher of the Sum Assured or 105% of the premiums paid, including top up premiums (if any), or Fund Value shall be payable to the eligible person.
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Loan against policy
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Ther is no loan facility under this policy
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Partial Withdrawal Benefit
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The Partial Withdrawal Benefit is available for a minimum amount of Rs. 5,000 and a maximum amount equal to 25% of the Fund Value, subject to Fund Value after each such withdrawal not being less than 1.5 times the one full years annual regular premium.
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Surrender Benefit
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The importance of availability of cash in some emergencies cannot be denied, therefore, we provide you with a choice to surrenderthe policy during the Policy term. In cash the Policy is surrendered during the initial 5 years from the Policy Commencement the Surrender Benefits shall be payable to the Policyholder only after completion of 5 full policy years.
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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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Life Insurance cover up to 10 times the Annualised Premium
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Automatic Asset Allocation Strategy
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5 fund options to choose from
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Unlimited free switches and redirections
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At maturity, the Fund Value will be paid to the Policyholder.
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Mortality and Policy Administration Charges will be deducted on a monthly basis by cancellation of units.
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Active Asset Allocation Fund
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Balanced Fund
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Growth Fund
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Preserver Fund
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Prime Equity Fund
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Secure Fund
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Particulars
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Range
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Active Asset Allocation Fund
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Equity
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0 - 100%
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Debt
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0 - 100%
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Money Market
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0 - 100%
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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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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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Preserver Fund
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Debt and debt related investments with no more than 25% of the fund invested in instruments of maturities less than 12 months
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100%
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Prime Equity Fund
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Equity
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90% - 100%
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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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Active Asset Allocation Fund
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17-May-13
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11.448
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Balanced Fund
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17-May-13
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21.4062
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Growth Fund
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17-May-13
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23.3891
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Preserver Fund
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17-May-13
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14.4412
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Prime Equity Fund
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17-May-13
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10.7801
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Secure Fund
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17-May-13
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20.5284
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Active Asset Allocation Fund
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Balanced Fund
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Growth Fund
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Preserver Fund
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Prime Equity 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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