The ING Freedom Plan is a Unit Linked Insurance plan having in-built, customizable features that offer you freedom, flexibility, and much more.
So you now have complete flexibility to plan your finances, decide how long you want to pay, how much to pay, the extent of insurance cover, the frequency of payments that you would make each year and so on.
The ING Life Freedom Plan offers you so much more as a life cover, in terms of flexibility and customizing your investments that you will come to realize what real freedom means, from a financial perspective.
Key Benefits
Flexible Investment strategy
Loyalty Additions
Option to avail Survival Benefits at regular intervals
Additional Protection through Riders
Features
Eligibility
Minimum Age at Entry: 8 years
Maximum Age at Entry: 55 years
Maximum Age at Maturity: 80 years
Policy Term
Minimum: 25 years
Maximum: (80 minus age at entry)
Maximum premium ceasing age
70 years
Premium Paying Term
15 to 25 years
Premium Payment Modes
Annual, Half-yearly, Quarterly, Monthly
Minimum Premium
Yearly: Rs. 18,000
Half-yearly: Rs. 9,000
Quarterly: Rs. 4,500
Monthly: Rs. 1,500
For Monthly mode:
Minimum 3 monthly premiums to be collected at the time of issue
Top-up Premium
Minimum: Rs. 2,000
Maximum: Not exceeding 25% of the total regular premiums paid
Sum Assured
Minimum: 10 times the annualized premium
Maximum: 25 times the annualized premium, subject to underwriting considerations