ING Life helps your child to do better than you in Life

The ING life has created a new section on children’s financial planning which helps parents understand and estimate the financial needs of their child. Bangalore, April 25, 2009: ING Life understands that every parent wants to see their child do better than them in life and would like to provide them with the means of achieving their goals. Keeping this in mind ING Life Insurance has 3 different Children Plans to help parents fulfil this responsibility towards their children. These plans are designed to meet child’s needs for future plans as well as provide them with financial security. They offer flexibility in terms of Double Protection, Flexibility in Payouts, Maturity benefits and Partial Withdrawal benefits. To help parents understand financial planning for their children, The ING life website, www.inglife.co.in has created a new section on children’s financial planning In addition to the details of the ING Life children’s plans this is a calculator called Plan Your Child’s Future which helps parents understand and estimate the financial needs of their child based on the profession that s/he may want to take up. The simple click through process makes this tool easy-to-understand and extremely user friendly. Another important feature is what’s everyone Asking? This section has taken up the most frequently asked questions by parents regarding investing for their child’s future. This section also demystifies the different types of insurance plans thereby helping the parents decide on the needs of their child its innovative display of content adds to the appeal of the section. The three ING Children Plans include Creating Life Child Protection Plan, Creating Life Child Protection Money Back plan and ING Creating Star Education Guarantee Plan. The Creating Life Child Protection Plan ensures that your children’s future is secure and prosperous, so they can pursue their dreams no matter what the future holds. At maturity of the plan there is an option of either getting the total payable amount in lump sum or have it staggered in 3 or 5 equal installments. The Creating Life Child Protection Money Back plan, allows a parent to take a life insurance cover for a chosen sum assured during the policy term. The plan provides regular payouts of 20% of the sum assured on completion of every 1/5th year of the policy term which ensure the family's income stream and meets the raising expenses for the children. Comparatively ING Creating Star Education Guarantee Plan gives a parent the opportunity to fulfill their children’s need for quality education. It offers a systematic and hassle-free way of pre-funding the child’s education by paying premiums regularly and securing the child’s education fund by protecting future premiums against unfortunate circumstances. About ING life ING Vysya Life Insurance Company Limited (ING Life) part of the ING Group entered the private life insurance industry in India in September 2001. Headquartered at Bangalore, ING Life is staffed by 8,165 employees and over 61,832 advisors, serving 8.34 lakh customers. For more details visit at http://www.inglife.co.in ING Vysya House', 5th Floor 22, M.G. Road Bangalore 560001 Phone : 91-80-25328000 Fax : 91-80-25559764