This is yet another insurance policy from ING Vysya Life Insurance that has been planned purposely to help the insured in building their child a successful individual and also to have a clear future. This is one such policy from ING Vysya that would offer insurance cover to the child even if their parents are no more.
Some of the key benefits that this insurance policy offers are as follows:
- The sum assured is paid to the child quickly after the sudden demise of its parents.
- The insurance premiums for the future are waived off if the parents of the child expire during the term of the policy.
- Survival benefit is guaranteed in Creating Life Money Back Plan of ING Vysya Life Insurance.
- The insured is also permitted to have reversionary bonus benefit under this policy.
Some of the features of this policy are as follows:
- A person needs to be more then 18 years of age to become eligible for subscribing to this policy. The maximum age limit for this policy has been set to 55 years. The maximum maturity age has been fixed to 70 years for this policy.
- The term for the payment of premium is also very flexible. The insured can decide either 15, 20 and 25 years.
- The options for the payment of premiums are annual, quarterly, half-yearly and monthly. As a result of this the insured is receiving huge freedom in making the payment of their insurance premium. This feature enables the insured to pay their insurance premiums very simply to keep the policy intact and healthy.
The minimum amount that is to be paid as insurance premium is Rs. 8,000/- per year. The monthly, quarterly, and half-yearly premium money is Rs. 750/-, Rs. 2,000/-, Rs. 4,000/-.
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