Property, gold, or a simple fixed deposit. Investing is always good, but not good enough when it comes to building a solid foundation for your family’s financial future.

 

 

A solid foundation that will ensure nothing comes in the way of your family’s dreams in your absence. So what exactly will help you build that solid foundation?

 

The answer is very simple. By protecting yourself with ING My Term Insurance. Because, once you are well-protected, your family can live without worries. And no matter what tomorrow holds for you, your family’s future remains secure. 

 

Key Benefits

A substantial life cover: In case of an unfortunate event, your family gets lump sum amount as financial support so that they continue to stay with same comforts as they have been.

 

Family income benefit: You may choose to provide life cover amount to your family, part in lump sum and part as income over 60 months. The chosen percentage of life cover amount as lump sum will be paid immediately; a 10% extra life cover is added to the balance and is paid to your family over 60 months as monthly income.

 

Payout options under Family Income Benefit

% of Life Cover in Lump sum              80%       50%       40%       30%

% of Life cover as monthly income      20%       50%       60%       70%

 

Terminal Illness Benefit:In case of a terminal illness being diagnosed, you will receive 25% of the lump sum life cover immediately, to help you meet immediate medical expenses. At this point, you are not required to pay any future premiums, but the policy continues to be in force.

 

If the illness doesn’t prove to be terminal for life assured within the period as specified in terms and conditions, the company reserves the right to resume future premiums.

 

Flexibility to pay your premium: You have the option to pay premium amount as per your convenience. You can choose from the following payment modes:

Regular Pay : Pay premium over the chosen policy term.

Limited Pay: Pay premium over a limited payment term as you enjoy the policy benefits for the full term. What’s more, you can also benefit by saving on the total premium amount.

 

Enhance your protection :You have the option to enhance your protection at a nominal cost by adding rider. Choose from

• ING Critical Illness Riders
• ING Accidental Death Benefit (ADB)
• ING Accidental Death Disability and Dismemberment rider (ADDDB)

 

 

Save Tax: All the premiums paid and the life cover amount received are exempt from income tax u/s 80(C) and section 10(10D) respectively.