Description : The ING Life’s High Life Plus is a unit linked insurance plan with death benefit including both sum assured and fund value and flexible payouts of maturity benefit. It’s a superlative investment plan that gives you the opportunity to build your wealth through regular, systematic investments and additional top-ups as per your convenience. High Life Plus provides you a protection cover of your choice, and also it enhances your investment opportunities to earn returns in line with the market.
This High Life Plus is an individual Unit-Linked Plan which does not participate in the profits of the company. The Premium less charges are credited to the Policyholder’s Fund Value and are used to purchase Units in one or more Unit Linked Funds, offered by the company, based on the choice made by the Policyholder..

Benefits :

1) Death Benefit : The Death Benefit shall be the aggregate of the Sum Assured and the Policyholder’s Fund Value.
2) Maturity Benefit : The Policy matures on survival of the Life Assured on the Policy Maturity Date. The Maturity Benefit is equal to the Policyholder’s Fund Value.
3) Expected Interest Rates : For the purpose of projecting Benefits under this Policy, the Life Insurance Council has prescribed two rates of returns. Currently the prescribed higher rate is 10% p.a. and lower rate is 6% p.a. These rates have been used to demonstrate the growth in the value of Units under this plan.
4) Surrender Benefit : At any time after the third Policy Anniversary, the Policyholder can opt to surrender the Policy. The amount payable on Surrender shall be the Policyholder’s Fund Value less the applicable Surrender Charges.
5) Partial Withdrawal Benefit : The Policyholder can opt for Partial Withdrawals from the Policy after the third Policy Anniversary. This facility can be utilized any number of times subject to the Policyholder’s Fund Value after Partial Withdrawal being at least one and half years’ Regular Premium. These Partial Withdrawals are subject to applicable Partial Withdrawal Charges.
6) Taxation : The provisions of Section 80 C of the Act govern tax rebates for Premiums and Top-ups paid towards an Insurance Policy. The tax exemption for the Benefits paid under a Life Insurance Policy is governed by Section 10 (10 D) of the Act. These provisions may be applicable to this Policy.

Product Features:
Eligibility
. Minimum entry age : 0 years.
. Maximum entry age : 70 years.
. Maximum maturity age : 75 years.
Premium Payment Term
. Choose premium payment terms of 3-25 years.
Premium Payment Options
. Annual, half-yearly, quarterly or monthly.
Minimum Premium Payable
. Annual : Rs.50,000.
. Half-yearly : Rs.25,000.
. Quarterly : Rs.15,000.
. Monthly : Rs.6,000.
. Top ups : Rs.1,500.