ING Aashirwad Plan

Recommendations :No

Name of the policy :
ING Aashirwad Plan

A brief desciption :

ING Aashirwad Plan is a traditional endowment plan. In this plan, both the parent and the child's life are insured together during the policy tenure. In this plan, if the parent dies before the policy matures, 50% of the Sum Assured called the Guaranteed Maturity Benefit is paid, the future premiums are paid by the insurer and the policy continues such that the Maturity Benefit is provided to the child according to the option selected at inception. However, if the child dies, then a small amount of only 2.5% of the Sum Assured + Surrender Value (if any) is paid and the policy is terminated. However, the most unique feature of this policy is that the life cover of the child continues for another 30 years post maturity of the policy.

Started date :15/6/2011
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :Min- 4 lakh Max- No limit
Returns expected :Less than Fixed Deposit
Entry age :20-55 Years

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