ING Prospering Life Plan Single Premium
ING Prospering Life Plan SP is a Single Premium Unit Linked Insurance Plan. Thus, it is a Non-Traditional Insurance Plan from ING Life Insurance Company.
Compare this plan with other Investment Plans
ING Prospering Life Plan Single Premium - Key Features
It is a Single Premium Unit Linked Insurance Plan
There is Loyalty Addition in this plan of a refund of 50% of mortality charges deducted during the entire policy term
There are 2 investment strategies in this plan
There is Automatic Asset Allocation Strategy in this plan
There are unlimited free switches and redirections available in this plan
In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of the Sum Assured or the Fund Value as Death Benefit...
The Fund Value is paid to the policyholder on policy maturity
ING Prospering Life Plan Single Premium - Benefits
In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of the Sum Assured or the Fund Value as Death Benefit an
When the policy matures, the Fund Value + Loyalty Additions are paid to the policyholder as Maturity Benefit and the policy termi
Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity pro
...
There is unlimited free switches available in this plan from one fund to another.
In this policy, partial withdrawal is allowed after 5 complete policy years. The minimum amount of partial withdrawal should be Rs. 5,000 subject t
Premium can be paid anytime except in the last five policy years. The minimum top-up premium is Rs. 5,000 and the maximum is Rs 8,00,000 per Life A
How it works
Eligibility conditions & other restrictions in ING Prospering Life Policy SP
| Minimum | Maximum | |
|
Sum Assured (in Rs.)
|
For age at entry < 55 years: 1.25 to 5 times the Single Premium
For age at entry of 55 years or above: 1.1 times the Single Premium
|
|
|
Policy Term (in years)
|
10
|
|
|
Premium Payment Term (in years)
|
Single
|
|
|
Entry Age of Life Insured (in years)
|
8
|
65
|
|
Age at Maturity (in years)
|
18
|
75
|
|
Single Premium (in Rs.)
|
72000
|
No Limit
|
|
Payment modes
|
Only Single
|
|
