|Entry Age (years)|
|Maximum Maturity Age (years)||75|
|Policy Term (years)|
|Sum Assured (Rs)|
|Premium Payment Frequency||Single, Yearly and Half-yearly. Quarterly and Monthly|
|Premium Payment Term||Single, Limited premium for 3 or 5 years and regular equal to policy tenure|
|Premium Factor (multiply with annual premium)||NA|
|Policy Cover||Cover remains fixed for the tenure of the policy|
|Free Look Cancellation||In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.|
|Grace Period||You are allowed to pay premiums within 15 days from the due date. If a due premium is not received within the grace period of 15 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated.|
|Lapsed Policy Reinstatement||You can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any.|
|Tax Benefits||Section 80C and Section 10 (10D) of the Income Tax Act, 1961 would apply|
|Exclusions||In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit|
Policyholder is free to surrender the policy after certain number of policy years have expired. Surrender values under different Premium Payment terms is as under:
Regular premium: Can surrender after three years premium have been paid in full with surrender value of 40% of the premiums paid.
Limited premium 3-year pay: Can surrender after two years premium have been paid in full with surrender value of 60% of the premiums paid.
Limited premium 5-year pay: Can surrender after two years premium have been paid in full with surrender value of 50% of the premiums paid.
Single premium: Can surrender after completion of two policy years with surrender value of 70% of the premiums paid.
|Address||ING Life Insurance Company, No 690, 1st floor, Gold Hill Square, Begur Hobli, Hosur Road. Bangalore – 560068|
|Call On||1-800-419-8228 and +91-9880888228 between 9 am to 9 pm; Monday to Friday and 9 am to 6 pm weekends and holidays|
|SMS||ING' to 53636|