Individual Products Rider-ING Life Insurance
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ING Term Life Rider is an option to increase your life protection at a nominal cost. In case of death of the life assured during the term of the policy, the Sum Assured under this Rider is paid along with the Sum Assured under the basic policy. It ensures that your family enjoys enhanced security and a comfortable lifestyle – at a fraction of a cost.

Key Features Show details

Minimum / Maximum Age at Entry

  • 18 years / 60 years age last birthday

 

Rider Protection Ceasing Age

  • 70 years

 

Minimum Sum Assured

  • Rs. 50,000

 

Maximum Sum Assured

Lower of :

  • Rs. 50,00,000 or

  • Sum Assured of the Base Policy

 

Rider Term (minimum/maximum)**

  • For Regular Premium Payment: 5 years – 52 years

  • For 5 year Premium Payment:- 6 years – 30 years

  • For 10 years Premium Payment: 11 years – 30 years

 

Premium Payment Terms**

  • Regular Pay

  • Limited Pay (5 Pay, 10 Pay)

 

Premium Payment Modes

  • Same as that of the Base Policy (Monthly, Quarterly, Half-Yearly, Yearly)

 
Key Benefits Show details

1. Enhanced Life Cover:

  • With ING Term Rider, you can increase your life cover up to twice the base plan life cover. This additional life cover will be paid out on death of life assured in addition to the life cover in the base plan.

 

2. High value for money:

  • This rider provides you life cover at a nominal cost, as compared to a new term plan for equal life cover. So it is a very cost effective way of enhancing protection.

 

3. Tax Benefit:

  • Rebate under section 80 ( c ) and death benefit is tax free under section 10 (10 D)

 
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