ING Vysya Life launches new product

{image-ing vysya_04032008.jpg news.oneindia.in}Bangalore, Mar 4: ING Vysya Life, part of the ING Group, the world's largest financial services provider announced here today, the launch of its new product ING Golden Life, a unit-linked Retirement solution.

Speaking after launching the new product, Company Managing Director and CEO Kshitij Jain said with the life expectancy rate in the country, sharply increasing from 40 years in 1950 to 75 years at present, the pension plan offers lot for retiring people who opt for managing the retiring fund according to their risk profile. Stating that the new product ING Golden Life encourages customers to build a retirement fund with a long-term view and customers in the range of 28-45, looking at building a corpus for their golden years.

He said last year over Rs 20,000 crore of premium was collected in the retirement insurance segment, and ING Vysya Life, decided to enter the space, expected to do a business of over Rs 150 crore in the first year itself.

UNI