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Last Updated : Feb 23, 2011 09:11 AM IST | Source: PTI

ING Life launches ING ACE traditional plan

ING Life India today said that it has launched a traditional insurance product--ING ACE (Pension and Life).It has features such as high guaranteed additions, limited premium pay and tax benefit under Section 80 C of the Income Tax Act, a press release issued here stated.


ING Life India today said that it has launched a traditional insurance product--ING ACE (Pension and Life).It has features such as high guaranteed additions, limited premium pay and tax benefit under Section 80 C of the Income Tax Act, a press release issued here stated.


The new plan comes with two variants --ING ACE Pension and ING ACE Life. The pension variant offers customers an attractive guaranteed addition of 8.75% per annum throughout the 10-year term of the policy.
ING ACE Life version offers 7.75% or 7% per annum guaranteed additions, depending on the premium paid.


Both plans are highly attractive for the customer, as customers need to pay a premium only for three-years in an annual mode, and tax benefits, the release said.

ING Life''s Sales, Chief Marketing and Strategy Officer, Uco Vegtor, said, "ING ACE (both variants) offers high guaranteed additions, tax benefits under Section 80 C and is available with low commitment from their (customers) side, as they need to pay only three annual premiums. It is convenient to buy as it does not require medical check-ups, and has a fairly simple proposal form to be filled."

First Published on Feb 23, 2011 08:28 am
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