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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 Term Life
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Plan Nature
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TRADITIONAL
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Plan Category
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Protection
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UIN No.
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114N033V01
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About Plan
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The ING Term Life is a Term Insurance Product and is the simplest form of insurance, where the Life Assured is provided insurance cover and on his death during the policy term, the sum assured under the policy is paid to his beneficiary. What is more, the ING Term Life is one of the most affordable and inexpensive ways of obtaining life insurance cover.
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Minimum Entry Age
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18 YEARS
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Maximum Entry Age
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65 YEARS
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Maximum Maturity Age
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75 YEARS
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Minimum Sum Assured
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RS 1000000/-
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Minimum Policy Term
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3 YEARS
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Maximum Policy Term
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5YEARS
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Minimum Premium
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RS 6249/-
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Benefits
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| Particulars | Description |
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Death Benefits
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In the event of death of the Life Assured during the Policyterm, subject to the terms of the Policy, the Sum Assured chosen under the Policy shall be payable after deducting the balance premiums if any, payable for the Policy year.
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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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This ING Term Life is a term insurance product which does not participate in the profits of the Company. In the event of death of the Life Assured during the Policy Term, the Sum Assured shall be payable.
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In the event of death of the Life Assured during the Policy Term, subject to the terms of the Policy, the Sum Assured chosen under the Policy is guaranteed to be paid. There is no maturity benefit payable under this Policy.
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There is no surrender benefit payable under this Policy.
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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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