ING Vysya Life Insurance announces bonus

Bangalore, June 26: ING Vysya Insurance today announced a bonus of 9.15 per cent for its retirement plan "Best life" with two other plans, 'Powering Life and New Fulfilling Life' getting a bonus of Rs 75 per thousand.

Company Vice-President and Head-Product Development Y V D V Prasad told newspersons here today that the issuance of bonus indicated ING Vysya Life's strong and consistent performance during the six years of its operations.

Best Life retirement plan has a capital guarantee provision ensuring protection for investment amount and return earned thereon with added benefits to suit retirement needs.

Last year, Best Life insurers was offered a bonus of 8.21 per cent. Ten per cent of the premium collected was invested in equity market and the remaining on government securities.

ING Vysya Life has a customer base of over 500,000 and its portfolio catered to every financial requirement at any life stage, he added.

UNI