ING Vysya Life reports 8.21% returns on Best Years' retirement pla
New Delhi, July 6 (UNI) ING Vysya Life, one of India's leading insurance companies, today announced a return of 8.21 per cent for it's Best Years' Retirement Plan.
The company's annual bonus rates for all its participating policyholders, are based on the company's investment performance during the last financial year.
''Our bonus declaration reflects ING Vysya Life's strong and consistent performance in our fifth full year of operations. We believe that this stable foundation will help us achieve more robust growth going forward,'' ING Vysya Life MD&CEO Kshitij Jain said.
The list of individual policyholder bonus rates include the New Fulfilling Life Anticipated Whole Life Plan Simple reversionary bonus at 7.5 per cent, Cash bonus (1 per cent of annualised premium amount payable on the first policy anniversary) at 5 per cent and Powering Life Limited Premium Endowment Plan Simple reversionary bonus at 7.5 per cent.
Since beginning it's operations in September 2001, ING Vysya Life has achieved a strong market position in South India and is aggressively expanding operations throughout the rest of the country.
ING Vysya Life is present in over 70 cities and has 130 branches.
The company has sixteen life insurance products including three Unit Linked products Freedom Plan, Future Perfect and One Life Single Premium and one non-participating Term and Critical Illness product Conquering Life.
The bonus rates declared apply to the 11 traditional products and the Best Years' Retirement Plan.
UNI RA VJ RK2020