ING Life launches ING ACE traditional plan

Mumbai, Feb 22 (PTI) ING Life India today said that ithas launched a traditional insurance product--ING ACE (Pensionand Life).

It has features such as high guaranteed additions,limited premium pay and tax benefit under Section 80 C of theIncome Tax Act, a press release issued here stated.

The new plan comes with two variants --ING ACE Pensionand ING ACE Life.

The pension variant offers customers an attractiveguaranteed addition of 8.75 per cent per annum throughout the10-year term of the policy.

ING ACE Life version offers 7.75 per cent or 7 per centper annum guaranteed additions, depending on the premium paid.

Both plans are highly attractive for the customer, ascustomers need to pay a premium only for three-years in anannual mode, and tax benefits, the release said.

ING Life''s Sales, Chief Marketing and Strategy Officer,Uco Vegtor, said, "ING ACE (both variants) offers highguaranteed additions, tax benefits under Section 80 C and isavailable with low commitment from their (customers) side, asthey need to pay only three annual premiums. It is convenientto buy as it does not require medical check-ups, and has afairly simple proposal form to be filled." PTI JJKRK