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ING Vysya launches unit-linked product

— PHOTO: ANU PUSHKARNA

GROWTH SCHEME: Kshitij Jain, Managing Director and CEO of ING Vysya Life Insurance addressing a press conference in New Delhi on Thursday.

NEW DELHI: ING Vysya Life on Thursday announced the launch of a a new unit-linked product — ING Guaranteed Growth Plan. The plan offers five per cent guaranteed return on premiums invested with an upside potential of investing in equity markets.

Speaking at the launch here, Kshitij Jain, CEO, ING Vysya Life Insurance, said this product would meet the customer’s need of reaping the benefit of market-linked returns, without having to suffer the pitfall of its volatility.

With the addition of ING Guaranteed Growth Plan, the company had further strengthened its portfolio and now had an envious range of products to offer, he added.

The new plan offers a choice of policy term. Customers can choose either a ten year term years or a 15 year term. It offers a premium paying choice between single premium and a limited premium paying term of two or three years. On maturity of the policy, the higher of fund value or guaranteed benefit will be paid. In case of death of the life assured, the sum assured or guaranteed benefit or the fund value, whichever is higher will be paid.

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