Single Premium Level Term Plan

The associates in your business are the life of your organization. It is they who are your most valuable asset and enhance your company's worth. Your challenge is to keep them happy, motivated and most importantly, to make them remain with you. Our Single Premium Term Assurance primarily caters to the mortgage groups – like Banks and Housing Finance companies such as your organization. ING Life's Single Premium Level Term plan ensures that your client's families are protected in the event of an unfortunate death. You can ensure that their financial security is assured, when they need it most. This Single Premium Insurance plan provides for payment of sum assured for the benefit of the beneficiaries in the event of death of your client.

You can pay the premium for the full term, to cover as many clients as you wish, at one go. This way, you save your administrative and financial managers the recurring trouble of remembering to pay premiums time and again.

Once you've paid the premium, you can be rest assured the premium rate is guaranteed throughout the cover term. Your clients can feel safer and you can save the effort of having to ever review the rate.

Under the plan, though the outstanding loan amount decreases over a period of time, protection under the plan remains constant to the original loan amount granted. As your loan decreases, so does your liability thereby giving your clients additional protection.