ING Vysya Life launches unit linked scheme

NEW DELHI: Life insurer ING Vysya Life Insurance today launched a regular unit linked product 'ING Life Plus'.

It is an entry level product in the unit linked category, ING Vysya Life Insurance Head Product Development Y V D V Prasad said in a statement.

This saving protection plan provides enhanced protection cover among the benefits offered by this product, a feature which ensures that the life insurance cover would automatically increase by five per cent per annum as long as the premiums are paid, he said.

Available in three policy terms of 10, 15 and 20 years, the plan also provides customers with the benefit of partial withdrawals from the fifth year onwards.

The plan allows regular premium payments ranging from Rs 10,000-50,000 per annum, he said adding, the product would help in acquisition of significant customers in rural areas and small towns. `