ING Vysya launches Unit Linked Insurance Plan

Hyderabad, Aug 8 (UNI) ING Vysya Life Insurance today announced the launch of 'ING Positive Life', a Unit Linked Saving Solution, targetting 1.5 million customers of its sister concern ING Vysya Bank.

''The product is in line with the company's customer-centric approach as it comes with simple documentation and quick processing of the policy. The Plan is targeted at the regular savings segment and is flexible to suit the profile of an individual customer from the ages of 0 to 50 years. The policy terms are 10, 15 or 20 years and there is flexibility of premium paying term from a minimum of three years to the policy term,'' a company spokesman said.

ING Vysya Life Insurance Managing Director and CEO Kshitij Jain said, ''with ING Positive Life, we will be in a position to access the 1.5 million customers of ING Vysya Bank. ING Vysya bank at present contributes 10 per cent of the overall business of ING Vysya Life. With the launch of Positive Life, the overall contribution is expected to further scale upwards.'' ING Vysya Bank Managing Director and CEO Vaughn Richtor said the product would be retailed through its over 400 branches.

UNI