The new ING Golden Life of ING Vysya Life Insurance is a retirement solution that helps through the retired life. It provides with a extensive range of benefit that are specially planned to suit the needs of the life after retirement. It is a unit linked pension plan. It the customer, who is to choose the starting period of the policy. The customer also has the convenience to choose the period of the premium.
The chief benefits of ING Golden Life of ING Vysya Life Insurance are:
- It helps to grow the funds quicker.
- It manages the investments according to the risk of preference.
- This policy also provides the flexibility to choose the retirement age.
- The premium options offered are also flexible.
- It also provides flexibility to implement he pension options on the desired age of retirement.
- The tax benefits are applicable under section 80C / 80CCC and 10(10A).
The eligibility criteria for ING Golden Life of ING Vysya Life Insurance are:
Under regular premium option the eligible ages are:
- Maximum entry age: 65 yrs
- Minimum entry age: 18 yrs
Under single premium options the eligible ages are:
- Minimum entry age: 18 yrs
- Maximum entry age: 70 yrs
The premium paying options for this policy are one time for single and yearly, half yearly, quarterly or monthly for regular.
The premium paying amounts are:
- Minimum Premium under Single premium option is Rs.45,000/-
- Minimum Top-Up is Rs.5,000/-
The vesting ages for the policy are:
- Minimum Vesting Age: 45 years
- Maximum Vesting Age: 75 years
- For single premium options – Minimum: 5 yrs and Maximum: 57 yrs
For regular premium options – Minimum: 10 yrs and Maximum: 57 yrs
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Tags: ING Golden Life, ING Vysya Life Insurance, Pension Plan