ING Flexi Life Plus

ING Flexi Life Plus

ING Flexi Life Plus is a unit linked insurance policy giving the dual benefit of insurance coverage & investment opportunity. It is a comprehensive plan that provides flexibility in premium contributions through payment modes with the option to increase or decrease of regular premiums. The plan allows you the choice of extending your life cover after payment of premiums for the first five years, the amount accumulated in your fund will be given as maturity benefit, while withdrawal facilities during the term will help you to meet financial contingencies. This plan also provides an Enhanced Accidental Protection Benefit, which provides additional benefit on death due to accident. You are allowed to make partial withdrawals during the policy term after the initial lock-in period of three years. For more details on risk factors, terms and conditions


Key Benefits

*Flexibility to increase / decrease the regular premium
*Enhanced Accidental Protection Benefit
*Cover continuation option


Eligibility Criteria
Minimum age at entry : 0 years lbd (for entry ages below 12 years, risk cover commences from age 5 or 2 years from policy commencement date, whichever is later)
Maximum age at entry : 60 years
Minimum age at maturity : 18 years
Maximum age at maturity : 70 years
Policy Term : 10 / 20 years
Premium Paying Term : Same as policy term
Premium Payment Modes : Regular (Annual, Half-yearly, Quarterly, Monthly)
Top-up Premium : Minimum: Rs. 2,000
Sum Assured :Minimum: 6.25 times the annualized first policy year regular premium Maximum: 25 times of Annualized first policy year regular Premium subject to underwriting conditions
Minimum Premium Payable Rs 48000.00
Yearly
Half-Yearly
Quarterly
Monthly
2nd year onwards
75% of 1st policy year premium
Top-Up Premium
Additional top-up premium subject to a minimum of Rs 2,000 over and above the regular premiums paid, without exceeding 25% of the total regular premiums paid.

Maximum premium
No limit, but subject to underwriting considerations for the first policy year but from the second policy year onwards the maximum premium payable would be 125% of the first policy year annualized premium on an annualised basis

http://www.inglife.co.in/productcenter/productcenter-investment-FlexilifePlus.shtml