ING Life India, in its 10th year of operations, today launched a new unique Unit Linked Insurance Product, which provide the customer the opportunity to participate in the equity market while protecting investments from its downside. The new ULIP, ING Market Shield comes with unique benefits, allowing customers to maximize their returns and have adequate protection.
Speaking at the launch Mr. Uco Vegter, Chief Marketing & Strategy Officer, ING Life India
said, “ING Market Shield is a one of its kind unit linked insurance product. It is designed such that our customers can benefit from market’s upswings due to high equity participation, but secures their investment from losses, when the markets are volatile. The plan provides the customer a Guaranteed NAV throughout the term of the product and not just at maturity unlike most available products”
ING Market shield is a unique guaranteed NAV Unit Linked Life Insurance Plan. The product invests in both equity and debt and is actively managed on a daily basis through a dynamic asset allocation technique. This process ensures maximum exposure to the stock market, while minimizing the downside risk. Unlike most Highest NAV products available in the market right now, this plan assures the Guaranteed NAV at all times through the term of the policy including Death, Surrender, Partial Withdrawals as well as Maturity benefit. ING Market Shield also ensures highest equity exposure throughout the term of the policy, compared to other products, therefore it is expected to generate a higher return to customers.
