ING Prospering life is an excellent tool for wealth creation while enjoying control over your assets at all times. It offers multiple fund options and investment strategies that help you maximize returns as per your investment objective. The plan also provides the much needed life insurance protection in case of any ill-timed event.
Key Benefits –
- Life Insurance: Life cover up to 10 times the annual premium.
- Multiple Funds: 5 funds with diversified mix of equity and debt to meet one’s risk appetite.
- Automatic Asset Allocation Strategy: Automatic rebalancing of debt and equity mix to conserve the wealth generated.
- Flexibility: Unlimited free switches and premium redirections, charge free withdrawals, top ups.
- Limited pay option: Option to pay premium for half the number of policy term years.
Features –
| Age at Entry | Minimum: 8 Years Maximum: 55 Years |
| Age at maturity | Minimum: 24 Years Maximum: 71 Years |
| Policy Term | 16 or 20 years |
| Premium Paying Term (PPT) | Policy Term/2 or equal to Policy Term |
| Premium Payment Modes | Annual, Half-yearly, Quarterly, Monthly* |
| Minimum Premium | Yearly – Rs. 48,000 Half-yearly – Rs. 24,000 Quarterly – Rs. 12,000 Monthly – Rs. 4,000 |
| Maximum Premium | Yearly – Rs. 96,000 Half-yearly – Rs. 48,000 Quarterly – Rs. 24,000 Monthly – Rs. 8,000 |
| Top Up Premium | Minimum of Rs. 5,000 |
| Basic Sum Assured | For age at entry below 45 years: Fixed at 10 X annual premium For age at entry of 45 years or above: Fixed at 7 X annual premium |
| Additional Sum Assured | Fixed at 1.25 times of the Top-Up premium paid (if any) |
| * For Monthly mode: Minimum 3 Monthly premiums to be collected at the time of issue |
Know about more plans – ING Life Insurance
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Tags: ING Life Insurance, ING Prospering Life, Life Insurance