ING Market Shield

Recommendations :No

Name of the policy :
ING Market Shield

A brief desciption :

ING Market Shield is another attractive ULIP providing a guarantee of Highest NAV not just at maturity but throughout the term. However, unlike other guaranteed schemes Market Shield guarantees only 80% of the highest NAV. It has very high cost structure and should be avoided due to its high investment allocation in debt.

Started date :
3/12/2010

Type of policy :
Insurance cum Investment

Category :
ULIP

Insurance :
Min- 10 times Annual Premium Max- 20 times Annual Premium

Returns expected :
8%-10% (The performance would be less than a performing equity diversified mutual fund)

Entry age :
8-55 Years

Surrender :
If the policy holder wants to surrender the policy before completing 5 years, then the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. If the policyholder surrenders the policy after completion of 5 policy years, then the insurance cover will cease and your fund value shall be paid immediately and the policy would be terminated.

Minimum amount :
For Limited Pay (5 years) the minimum yearly premium is Rs 48,000, For Limited Pay (10 years) or Regular Pay : Rs 36,000 Max- No limit

Unique features :
It is provides a guarantee of highest NAV throughout the term and not just at maturity. Moreover it has a limited premium paying term.


Premium Allocation Charge Year 1 :0%
Premium Allocation Charge Year 2 :0%
Premium Allocation Charge Year 3 :0%
Fund Management Charge :Guaranteed NAV Fund- 1.10%
Surrender/ Premium Discontinuance Charge Year 1 :Lower of 6% of (AP* or FV*) subject to max 6000
Surrender/ Premium Discontinuance Charge Year 2 :Lower of 4% of (AP* or FV*) subject to max 5000
Surrender/ Premium Discontinuance Charge Year 3 :Lower of 3% of (AP* or FV*) subject to max 4000
Surrender/ Premium Discontinuance Charge Year 4 :Lower of 2% of (AP* or FV*) subject to max 2000
Surrender/ Premium Discontinuance Charge Year 5 and above :NIl

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