ING Term Life

Name: ING Term Life

Type of policy: Term Policy

For buying policy: Yes

If holding policy: Continue

Term insurance is a fantastic product that every single family needs to have, for its earning member(s). It is a pure life insurance policy that gives your family a cover in case of an eventuality to the bread winner. A single term policy of adequate cover will suffice for entire insurance needs.

We typically recommend an insurance cover of 4-8 times your annual income and for as long a term as is available for your age. Find out the ideal cover for you using this calculator.

Additional benefits like critical illness cover and personal accident cover are offered with this policy. But we recommend a standalone critical illness cover as that gives wider range of cover in terms of number of illnesses, renewability and comes at lower premium. Personal accident cover is really an additional expense to be avoided as it covers your life which is already covered by the term policy.

Product features:




Minimum age at entry

18 years

Maximum age at entry

65 years

Minimum Term

10 years

Maximum policy term

30 years or 65 years of age whichever is earlier

Minimum sum assured

Rs 10 lakhs

Maximum sum assured

No Limit


 Returns: If the insured survives term, no benefits are paid. Insurance should be viewed as an expense rather than investment.  Both function best when handled separately.

Better Alternatives:

Online term cover plans are 50% cheaper than offline policies

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