ING Life declares record bonus for traditional products

ING Life, part of the ING Group, today declared record annual bonus rates for all its participating products and Best years’ Retirement Plans for the fiscal year 2009 – 2010. The bonus rates declared are among the best from the company so far.

Declaring the rates, Mr. John Boers, Chief Financial Officer, ING Life said, ‘I am delighted to announce record bonus rates for our participating products, thus being able to reward our customers. The rates declared, especially on our retirement plan, ING Best Years and on our other traditional products such as ING New fulfilling life and ING Powering Life are the best so far. The declared bonus rates have been possible owing to our sharp focus of managing our business efficiently’.

ING Life’s retirement product, ING Best Years’ has attracted one of the best bonus rates so far, with an interest of 11.35%. Other products, such as New Fulfilling Life and Powering Life have attracted a revisionary bonus of 7.5% p.a.

Some of the key features of the above products are:

• Powering Life (Limited payment endowment Plan) – A high end endowment product where sum assured plus accrued bonus is paid on maturity or earlier on death of life assured, and also offers customised premium payment terms.

• Best Years (Best Years Retirement Plan)– A retirement plan that has capital guarantee provision ensuring protection of investment amount and return earned thereon with added benefits to suit retirement needs.

• New Fulfilling Life (Anticipated Whole of Life Plan) – A whole life limited payment policy which pays the entire sum assured during the premium payment term and continues to provide life cover and maturity benefit. A combination of Money Back and Protection that covers till age 80. It also has loan facility to provide additional liquidity.

ING Life has established a pan India presence across 229 cities, with over 50,000 advisors to distribute its products. ING Life offers a comprehensive range of products that helps over a million customers manage their financial future.