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ING Life Insurance has launched ‘ING Guaranteed Income Insurance Plan’, a traditional life insurance solution that offers a host of guaranteed benefits to customers.
The plan complies with the new product guidelines applicable from October 1, 2013, said a press release. Speaking about the new product, UcoVegter, Chief Financial Officer, ING Life Insurance, said: “This is a very attractive and simple to understand solution… In this plan, the customer makes premium payments for 50 per cent of the chosen policy term and enjoys guaranteed tax-free regular income over the remaining policy term.
At the end of the policy term, the customer gets a guaranteed tax-free lump-sum payout. Based on the premium paying ability, the customer can decide the income payout option he would like to benefit from.”
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