ING launches child plan

ING Life India, part of ING group today launched their new non linked and non participative child plan ‘ING Aashirvad’, which helps parents plan for their child’s future milestone.

Ajay Kapoor, regional vice-president (North), ING life Insurance launching the new product ‘ING Aashirvad’ maintained the new product was a traditional product and guaranteed maturity benefit chosen by the policyholder.

Kapoor added ‘ING Aashirwad’, a unique product which helps parents plan for child’s future comes with four guarantees. The guarantee of maturity value as decided by parent, that of death benefit in case of any eventuality of the policyholder, coverage for child after the maturity of the product and policy continuing in case of any eventuality of the parent(policyholder).”

 

ING Life India having Rs 4,500 crore asset under management, had earlier announced their plan to infuse Rs 240 crore additional capital to fund the five years growth ambition, including growing the business base by five times.