ING Life Insurance launches new Single Premium ULIP
ING Life India, in its 10th year of operations,launched a new Unit Linked Insurance Product, which offers the flexibility to choose the life cover and maximize returns over the long term with a single contribution. The new ULIP, ING Prospering Life SP comes with a host of benefits, allowing customers to choose from 6 funds providing control and protection.
ING Prospering Life SP is a non participating single premium unit linked insurance plan, which not only offers life cover but also a variety of fund options providing customers convenience and control to maximise their returns, while ensuring that they are protected through life cover. ING Prospering Life SP is competitively priced when compared with any other long term investment option. The product starts at a minimum premium of Rs. 72,000 and offers variable sum assured of 1.25 to 5 times the single premium for people up to the age of 55 yrs and 1.1 times the single premium for those above 55. If the insured survives till maturity, 50% of mortality charges are refunded.