ING, which holds a 26% stake in the Indian joint venture, ING Life Insurance Company, may exit the insurance business. ING which is of Dutch origin, is considered to be one of the largest banking/financial services & insurance conglomerate in the world. ING entered Indian life insurance market by forming a joint venture with Exide industries, Ambuja cements and Enam group.

As part of a global restructuring programme, ING will concentrate on their position as an international retail, direct and...  Read More »

ING Life India released findings of its ING Investor Dashboard Survey for Q2 2011 which was conducted by international and independent research firm The Nielsen Company in June 2011, and involved online interviews with a total of 3,598 mass affluent investors across the 11 Asia Pacific markets.

The results indicating that 85% of metro-middle-class in India feels a greater need to protect their lifestyle, which is one of the highest in the Asia Pacific Region. Driven by change in family...  Read More »

Piramal Healthcare is in talks with ING Life Insurance Company to buy stakes of Enam Financial, according to latest media reports.

ING Life Insurance ventured out in the insurance space in 2001 and was one of the earliest entrants after the sector was opened up for private players in India. 

ING Life has been undergoing many changes in shareholding and has been unable to make a mark in the industry despite being one of the earliest entrants. Since then the company has undergone many...  Read More »

In a new marketing initiative, ING Life Insurance has teamed-up with the much hyped new movie ‘Zindagi Na Milegi Dobara’.

The movie starring Hrithik Roshan, Katrina Kaif, Abhay Deol, Farhan Akhtar and Kalki Koechlin is set to release on the 15th of July. Among several other sponsors, ING Life Insurance is the latest brand partner to be associated with the multi starrer film.

Speaking on the association, Uco Vegter, Chief Marketing & Strategy Officer, ING Life Insurance India said, “We are...  Read More »

Life insurance companies in India focused on controlling costs and renewal business which enabled them to make higher profits in 2010-2011 as compared to the previous year.

Last year, when insurance companies were worried about the new guidelines on Unit Linked Insurance Plans (ULIPs) and how it would affect their business, Insurance Regulatory and Development Authority (IRDA) suggested them to cut down on costs in order to stay profitable. This suggestion hinted towards redesigning of...  Read More »

In a new development, ING Life Insurance has tied up with Visakhapatnam District Central Co-operative Bank in Andhra Pradesh to offer insurance products to its customers.

Vizag Co-op Bank is one of the oldest co-operative banks with over 60,000 customers. ING Life will get access to this customer base to sell its insurance products. The bank’s 28 branches are spread across districts like Visakhapatnam, Narsipatnam, Yelamanchili, Anakapalli.
 

ING Life India started insurance business in...  Read More »

In a new initiative, ING Life Insurance engaged its employees to implement a donation programme for the under-privileged children in Kochi.

‘Gift and Get’ was the name of their donation initiative where children accompanied by their parents were invited to bring their unused or old toys, books, clothes or any other items that they would like to give away. ING employees interacted with these kids and in return for their old items, they offered them a new gift.

According to Mr. T.K. Uthappa,...  Read More »

In the existing insurance market, where numerous insurance companies are selling a host of policies, buyers are spoilt for choices. First, whether to opt for a traditional insurance or a market-linked plan, the next dilemma is whether to go for a single premium policy or a regular premium.  The question then is where are the buyers investing their money?

Let’s look at the purchasing trends of the customers as described in the latest report of Insurance Regulatory and Development Authority...  Read More »

New unit-linked insurance plan launched by ING Vysya Life Insurance called Market Shield. This aims to provide unique benefits to investors who want to enjoy the upside of equity investing, while retaining protection on their profits in a volatile market.

Mr. Rahul Agarwal, Chief Distribution Officer at ING Vysya said, "ING Market Shield is a one of its kind ULIP. Designed such that customers can benefit from markets’ upswing due to high equity participation, but secures their investment...  Read More »