Vysya Life to launch 2 new Ulips

ING Vysya Life Insurance today said it would come up with two new unit-linked plans, a majority of whose corpus will be invested in the stock market, by January. 

“In the next 6-12 months we will increase share of revenue from unit linked products (Ulips) to 25 per cent. We plan to launch two more Ulips by January,” ING Life chief marketing & strategy officer UCO Vegter, said. 

The company is expecting to launch a regular premium Ulip product, ING Market Shield, this week. The product balances risk and reward by providing downside protection, as well as equity market participation. 

“We are awaiting regulatory approval for the other Ulip product, which will be a single premium product. We hope to launch it by January,” Vegter said.