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ING Reassuring Life Endowment Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.

ING Reassuring Life Endowment Plan

ING Reassuring Life Endowment Plan with Reversionary Bonus Plan is a Participating Endowment Plan. It is a Traditional Plan with Bonus facility.
 
How it works – In this plan, premium needs to be paid for the entire policy tenure as chosen between 10 to 30 years, which can be paid annually, semi-annually, quarterly and monthly.
 
On survival till the end of the Policy Tenure, the policyholder gets the entire Sum Assured + Reversionary Bonus + Final Addition Bonus as Maturity Benefit and the policy terminates. However, if the Life Insured dies within the Policy Tenure, the Sum Assured + the accumulated Reversionary Bonus + Final Addition Bonus is paid to the nominee as Death Benefit and the policy terminates.
 
There are 4 additional riders in this plan.
 

Key Features of ING Reassuring Life Endowment Insurance Plan

  • This is a Regular Payment Endowment Plan with Reversionary Bonus facility
  • Maturity Benefit is Sum Assured + Reversionary Bonus + Final Addition Bonus
  • Final Addition Bonus is payable for Policy Tenures more than 15 years
  • If the Life Insured dies within the policy tenure, Sum Assured + the accumulated Reversionary Bonus + Final Addition Bonus is paid to the nominee as Death Benefit
  • There are 4 riders available in this plan
COMPARE THIS PLAN WITH OTHER ENDOWMENT PLANS

Benefits you get from ING Reassuring Life Endowment Insurance Policy

Death Benefit – In case of death of the Life Insured within the Policy Tenure, the nominee gets the entire Sum Assured + the accumulated Reversionary Bonus + Final Addition Bonus as the immediate Death Benefit and the policy terminates
 
Maturity Benefit – On survival till the end of the policy tenure, the policyholder gets the Sum Assured + the Reversionary Bonus + Final Addition Bonus (for policies more than 15 years) is paid to the nominee as Death Benefit and the policy terminates
 
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.
 
 

Eligibility conditions & other restrictions in ING Reassuring Life Endowment Policy

 
Minimum
Maximum
Sum Assured (in Rs.)
 
 
Policy Term (in years)
10
30
Premium Payment Term (in years)
Same as Policy Tenure
Entry Age of Life Insured (in years)
12
55
Age at Maturity (in years)
-
65
Annualized Premium (in Rs.)
8,000
No Limit
Payment modes
Annual, Semi-Annual, Quarterly and Monthly
 
 

Sample illustration of ING Reassuring Life Endowment Plan

The below illustration is for a healthy male with Sum Assured of Rs 5,00,000 for a policy of 20 years with regular premium paying term

Sample Premiums for ING Reassuring Life Endowment Plan

 

Additional Features and Benefits of ING Reassuring Life Endowment Plan

Riders – There are 4 additional riders in this plan:
  1. Term Rider
  2. Accidental Death Benefit Rider
  3. Accidental Death, Disability and Dismemberment Rider
  4. Waiver of Premium Rider
 

What happens if?

You stop paying the premium - If the policy holder stops paying the premium, the policy lapses and all benefits cease.
 
You want to surrender the policy – There are Surrender Benefits in this plan.
 
You want a loan against your policy – Loan facility is available after completion of 3 policy years.




 
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