ING Flexi Life is a unit linked insurance policy that combines the benefit of protection & investment opportunity. It is a great combination of flexibility in terms of mode and amount of premium payment and transparency in a single policy. You have the option to extend your protection coverage through rider options as well. The plan allows you the choice of extending your life cover after payment of premiums at least for three years. At the end of the term, the amount accumulated in your fund will be given as maturity benefit, while withdrawal facilities during the term will help you to meet financial contingencies. You are allowed to make partial withdrawals during the policy term after the initial lock-in period of three years. In a world where convenience is of utmost importance, it's easy to see how ING Flexi Life allows you the flexibility in securing your financial future. For more details on risk factors, terms and conditions please read the Brochure and Benefit Illustration carefully before concluding a sale.
Key Benefits
Flexibility to increase / decrease the regular premium
Flexibility in premium payment
Cover continuation option
Flexibility in premium payment
Cover continuation option
Product Features
Eligibility Criteria
Minimum age at entry : 0 years lbd (for entry ages below 12 years, risk cover commences from age 5 or 2 years from policy commencement date, whichever is later)
Maximum age at entry : 60 years
Minimum age at maturity : 18 years
Maximum age at maturity : 70 years
Policy Term : Fixed –10 / 20 years
Premium Paying Term : Same as policy term
Premium Payment Modes : Regular (Annual, Half-yearly, Quarterly, Monthly)
Top-up Premium :Minimum: Rs. 2,000
Sum Assured :Minimum: 6.25 times the annualized premiumMaximum: 25 times of first year annualized premium
Minimum Premium Payable
Premium Amount
Yearly
Half-Yearly
Quarterly
Monthly
1st year
Rs.48,000/-
Rs.24,000/-
Rs.12,000/-
Rs.4,000/-
2nd year onwards
75% of 1st policy year premium
Top-Up Premium
Additional top-up premium subject to a minimum of Rs 2,000 over and above the regular premiums paid, without exceeding 25% of the total regular premiums paid.
Maximum premium Payable
No limit, but subject to underwriting considerations for the first policy year but from second policy years onwards the maximum premium payable would be 125% of the first policy year annualized premium on an annualised basis
Minimum age at entry : 0 years lbd (for entry ages below 12 years, risk cover commences from age 5 or 2 years from policy commencement date, whichever is later)
Maximum age at entry : 60 years
Minimum age at maturity : 18 years
Maximum age at maturity : 70 years
Policy Term : Fixed –10 / 20 years
Premium Paying Term : Same as policy term
Premium Payment Modes : Regular (Annual, Half-yearly, Quarterly, Monthly)
Top-up Premium :Minimum: Rs. 2,000
Sum Assured :Minimum: 6.25 times the annualized premiumMaximum: 25 times of first year annualized premium
Minimum Premium Payable
Premium Amount
Yearly
Half-Yearly
Quarterly
Monthly
1st year
Rs.48,000/-
Rs.24,000/-
Rs.12,000/-
Rs.4,000/-
2nd year onwards
75% of 1st policy year premium
Top-Up Premium
Additional top-up premium subject to a minimum of Rs 2,000 over and above the regular premiums paid, without exceeding 25% of the total regular premiums paid.
Maximum premium Payable
No limit, but subject to underwriting considerations for the first policy year but from second policy years onwards the maximum premium payable would be 125% of the first policy year annualized premium on an annualised basis
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