Date:28/02/2008 URL: http://www.thehindu.com/2008/02/28/stories/2008022850981900.htm

Business

ING Vysya Life launches new product

Staff Reporter

THIRUVANANTHAPURAM: ING Vysya Life, part of the ING Group, on Wednesday launched a unique unit-linked product, the ING Guaranteed Growth Plan.

Addressing a press conference here after the launch, Regional Vice-President, Tamil Nadu and Kerala, ING Vysya Life Insurance, L. Murli said it will offer the highest, five per cent guaranteed investment growth, with up to 40 per cent equity exposure.

The customers can choose either 10 years or 15 years term.

Mr. Murli said the plan offers a premium paying choice between single premium and a limited premium paying term of two to three years.

The policy will also allow two partial withdrawals on completion of five policy years during term.

Mr. Murli said the company has plans to open more branches in Thiruvananthapuram, Kochi and Kozhikode in addition to existing branches to consolidate the business.