Kozhikode, Mar 5 (UNI) ING Vysya Life today launched 'ING Golden Life,' a Life Stage Investment Programme (LSIP), offering a unique retirement solution.
Announcing the launch, ING Vysya Regional Vice President for Kerala and Tamil Nadu L Murali said the scheme, conceived while taking into account the client's post retirement dreams, also offered royalty units to the fund size, as an added attraction.
Giving details, he claimed the LSIP would enable customers to grow their retirement funds faster as loyalty units are added as a percentage of the fund value at the end of each policy year.
For instance a customer who saves Rs five lakh a year for a premium payment term of five years and continued for a period of 30 years, will be rewarded loyalty units based on the fund size at 0.2 per cent and 0.3 per cent of the fund value each year as long as his premia were paid.
The LSIP helped clientile manage the retirement fund according to their risk profile. They have a chose between standard investment programme, whereby upto 60 per cent fund is invested in equity or an aggressive programme, wherein upto 100 per cent is invested in equity, he added.
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