The New Freedom Plan of ING Vysya Life Insurance policy is an Investment Linked Insurance Plan. It provides whole flexibility to plan the finances and the customer can choose how long he/she wants to pay, how much he/she wants to pay, the extent of insurance cover and also the incidence of payments which is either to make in year or any other option.
The key benefits of New Freedom Plan of ING Vysya Life Insurance are:
- This insurance policy provides a flexible life cover.
- This policy also has flexible savings options.
- This plan offers much more a life cover than in terms of customize and flexibility of the investments.
- It provides real freedom from financial point of view.
The chief features of New Freedom Plan of ING Vysya Life Insurance policy are:
- The minimum entry age for this policy is 8 years.
- The maximum entry age for this policy is 65 years which is a focus to premium payment terms.
- The maximum maturity age is 70 years.
- The available premium payment options are yearly, half yearly, quarterly or monthly.
- The minimum premium amount for yearly is Rs 15,000.
- The minimum premium amount for half yearly is Rs 8,000.
- The minimum premium payment amount for quarterly is Rs 4,000.
- The minimum premium payment amount for monthly is Rs 1,500.
- The top ups amount is Rs 5,000.
- The customer can decide how long to pay.
- The customer can also decide how much to pay.
The customer can also decide the extent of insurance cover.
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Tags: ING New Freedom Plan, ING Vysya Life Insurance, insurance policy