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Product Center > Individual Products > Savings Plans

ING New Prime Life

At every stage in life, there come along different needs, most of which require substantial financial planning. You may need to make a down payment for a new house or your child’s education may need immediate financial support, usually your responsibilities are as big as your wish to fulfill them.

ING New Prime Life, a unique plan, comes with an option of systematic withdrawal feature which allows you to withdraw money when you require it the most. This basically means, when you need to fulfill a responsibility, you will never need to take a loan or borrow or worry about any money matters.

It is a Unit Linked Insurance Plan (ULIP) that gives you the advantage of savings as well as a chance to reap returns on investment. What’s more, with it the sum assured grows by 5% every year, which means your life protection, only keeps increasing. Additionally, this plan comes with a built-in feature that offers accidental benefit against death or disability. A complete savings solution is what ING New Prime Life will offer you.

Key Benefits

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Loyalty Additions
Sum Assured increases every year
Option to extend the policy term by 10 years
Inbuilt additional accidental coverage

Product Features

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Eligibility

Minimum Age at Entry: 8 years
Maximum Age at Entry: 45 years
Minimum Age at Maturity: 18 years
Maximum Age at Maturity: 65 years

Policy Term

Fixed - 10 years / 20 years

Premium Paying Term

Same as policy term

Premium Payment Modes

Annual, Half-yearly, Quarterly, Monthly

Minimum Premium

	Term 10 Years	Term 20 Years
Yearly	Rs. 18,000	Rs. 12,000
Half-yearly	Rs. 9,000	Rs. 6,000
Quarterly	Rs. 4,500	Rs. 3,000
Monthly	Rs. 1,500	Rs. 1,000

For Monthly mode: Minimum 3 monthly premiums to be collected at the time of issue

Maximum Premium

Yearly: Rs. 60,000
Half-yearly: Rs. 30,000
Quarterly: Rs. 15,000
Monthly: Rs. 5,000

Top-up Premium

Minimum: Rs. 2,000

Initial Sum Assured

Fixed - 5 times the annualized premium

For more details on risk factors, terms and conditions please read the Brochure and Benefit Illustration carefully before concluding a sale.

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Insurance is the subject matter of solicitation | ING Vysya Life Insurance Company Limited. IRDA Registration No. 114

Registered & Corporate Office: ING Vysya House, 5th Floor, # 22 Mahatma Gandhi Road, Bangalore 560001, India

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