Career Search

Thursday, July 19, 2012

ING Life Secured Income Insurance Plus

Buy Gold Mutual Funds

Invest Mutual Funds Online

Download Mutual Fund Application Forms

Call 0 94 8300 8300 (India)

ING Life Secured Income Insurance Plus is a limited period endowment plan with investors having the option to choose a premium paying term of 5, 7 or 10 years. Similarly, they can choose a policy term of 10 to 20 years and 25 or 30 years. The maximum amount of sum assured that an investor can opt for under this plan is restricted to 50 lakh.

Key Features

The scheme provides for a maturity benefit of 110% of the sum assured at the end of the policy term to the policyholder. In the event of the death of the policyholder before the end of the policy term, the nominee is entitled to double death benefit — partly paid as lump sum on the death of the policyholder and partly as monthly income over a period of 5 years, starting immediately after the death of the policyholder.

Policy At A Glance

We have the assumed the age of the policyholder at the time of taking this policy as 30 years, the policy term to be 30 years and the premium paying term as 10 years. The premiums payable for various amounts of sum assured and the corresponding maturity and death benefits that will accrue to the policyholder are illustrated herewith…


If one were to consider the investment aspect of ING Life Secured Income Insurance Plus, the scheme is akin to other endowment schemes with mediocre gains to the investor at the end of the policy term.


However, this scheme scores with the feature of double death benefit payable to the nominee in the event of death of the policyholder during the policy term.


Investors may do well to note that if, at the time of death, the age of the policyholder is less than 18 years, the total death benefit payable to the nominee is 200% of sum assured as a lump sum. 

Happy Investing!!

 

We can help. Call 0 94 8300 8300 (India)

 

Leave your comment with mail ID and we will answer them

                        OR

You can write back to us at prajnacapital [at] gmail [dot] com

---------------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

Best Performing Mutual Funds

    1. Largecap Funds        Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds     Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds    Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds             Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds              Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Gold Mutual Funds             Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

No comments: