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Product-ING Prospering Life New ULIP From ING Life
ING Life Insurance today launched a new Unit Linked Insurance Product-ING Prospering Life which meets wealth accumulation and protection needs of the customers. The new ULIP comes with a host of customer benefits, including 5 fund options to choose from, Automatic Asset allocation and unlimited switches with partial withdrawls free of chrage The product offers an annualised premium ranging between rs 48,000 and rs 96,000 and is competitively priced against other long term investment options, he said. The sum assured is an amount 10 times the annual premium at inception for those below the age of 45 and 7 times the annual premium at inception for those above the age of 45. The minimum top up premium is rs 5000. During April-September last year, the company sold 1.37 lakh policies while it was only 1.12 lakh policies during the same period this year. Admitting an industry 'degrwoth', he hoped that by march 2011 they would succeed in improving on this by at least 50 per cent. Kerala accounts for only 5 per cent of its business of 60 per cent from South India. The company was looking at at 20-25 per cent growth in business from south India and 15 per cent from Kerala this fiscal  
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Source : http://economictimes.indiatimes.com/
More News Headline
  Private Insuers Complete 10 Years (2010-12-28)
Many Private Insuers Complete 10 Years   Read More -->
  ING Life Launches A New ULIP ‚Äď ING Prospering Life (2010-12-28)
ING Life India, In Its 10th Year Of Operations, Today Launched A Versatile New Unit Linked Insurance Product, Which Meets The Wealth Accumulation And Protection Needs Of Customer.   Read More -->
  ING Life Launches A New Guaranteed NAV ULIP - ING Market Shield (2010-12-28)
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.   Read More -->
  Unclaimed Amount Of Policy Holders (2010-12-28)
Unclaimed Amount Of Policy Holders Increase Year On Year.   Read More -->
  Motor Third Party Liability Cover To Commercial Vehicles - Good News (2010-12-21)
IRDA Has Set Up A Committee On Commercial Motor Third Party Liability Cover.    Read More -->
Previous Month News
  Universal Life Products Shall Be Known As Variable Insurance Products (2010-11-26)
Universal Life Products Shall Be Known As Variable Insurance Products (VIP)and All VIP Shall Only Be Offered Under Non-unit Linked Platform And Shall Not Be Permitted On Unit Linked Platform.   Read More
  TATA AIG Fined Rs 5,00,000.00 (2010-11-26)
Expenses Of Management (EoM) For The Year 2008-09 Was 114.90% Which Is Beyond Permissible Limits Under Section 40B Of The Insurance Act, 1938   Read More
  Star Health Promoters To Dilute Stake (2010-11-13)
Star Health Promoters To Dilute Stake   Read More
  ULIPs To Charge For Fund Switching (2010-11-12)
ULIPs To Charge For Fund Switching   Read More
  Aegon Religare Life Insurance Is Expecting Its Online Sales To Contribute 10 Per Cent Of Its Total S (2010-11-12)
Aegon Religare Life Insurance Is Expecting Its Online Sales To Contribute 10 Per Cent Of Its Total Sales In The Next 12 Months   Read More
  Karnataka Bank Eyes Rs 100 Cr In Life Cover Premiums (2010-11-12)
Karnataka Bank Eyes Rs 100 Cr In Life Cover Premiums   Read More
  Corporation Bank Keen To Tap Strategic Relationship With LIC (2010-11-12)
The Bank Is Keen On Setting Up Branches In LIC's Branches And Divisional Offices.   Read More
  Aegon Religare Sees Potential In Child Plans (2010-11-12)
Aegon Religare Life Insurance Company Ltd Today Said That There Is Growing Interest In Taking Child Insurance Plans In The Country Both To Secure Their Future And Also Help During The Course Of Education   Read More
  Aegon Religare Looks To Change Product Mix (2010-11-12)
Private Life Insurer Aegon Religare Has Refiled Three Of Its Unit-linked Products With The Insurance Regulator To Comply With The New Regulations, And Looks To Change Its Product Mix Going Forward.   Read More
  Policy Papers To Show Agency, Broker Details (2010-11-12)
The Life And Non-life Insurance Companies Will Now Have To Display The Agency Code, Name And Contact Details Prominently On The First Page Of The Policy Document.   Read More
  ING Life Launches Unique Child Product (2010-11-11)
ING Life India Launched A New Child Insurance Product "ING Aashirwad" That Helps Parents Plan For Their Child's Future Goal And Thereafter Protect Its Life Without Any Additional Cost   Read More
  Product-ING Prospering Life New ULIP From ING Life (2010-11-09)
ING Life Insurance Today Launched A New Unit Linked Insurance Product-ING Prospering Life Which Meets Wealth Accumulation And Protection Needs Of The Customers   Read More
  Insurance Scheme For The Poor, Rashtriya Swasthya Bima Yojana (RSBY) : Govt (2010-11-09)
The Union Cabinet Will Consider Including The Country‚Äôs Four Million-plus Domestic Workers Into Its Flagship Insurance Scheme For The Poor, Rashtriya Swasthya Bima Yojana (RSBY), After Adding Street Vendors To The Eligible Categories Last Week   Read More
  HDFC Standard Life Hopes To Break-even In FY12 (2010-11-09)
Insurer HDFC Standard Life Insurance Company Ltd Expects To Break-even In The 2011/12 Financial Year, Helped By An Increase In Premium Income And Reduction In Operating Costs   Read More
  Regulators To Help Improve Disclosures, Profitability And Ensure Consumer Protection (2010-11-09)
India's Growing Consumer Class, Rising Insurance Awareness And Increasing Domestic Savings And Investments Are Among The Most Critical Factors That Have Positively Driven The Market Penetration Of The Insurance Products Among Its Consumer Segments.   Read More
  You May Soon Be Able To Switch Health Insurers (2010-11-09)
One Of The Important Initiatives Of The Regulator Is The Proposed Portability Of Health Insurance. This Is To Ensure That A Customer Continues To Enjoy Benefits Under His Health Policy Even If He Wishes To Change His Insurance Provider For Genuine Reasons   Read More
  Irda Bans All Forms Of Credit Insurance By Non-life Cos (2010-11-09)
The Non-life Insurance Industry Has Been Barred From Selling Any Form Of Credit Insurance, Following State-owned Insurer Oriental Insurance Facing Claims Up To Rs 400 Crore On A Cover Granted To Paramount Airways. Companies That Provide This Cover Have Termed The Reaction Knee Jerk And Fear That It Will Have Repercussions On The Economy.   Read More
  LIC Gets RBI Nod To Issue Pre-paid Cards To Clients (2010-11-09)
In A Move That Will Create A New Business Opportunity For India‚Äôs Largest Insurer, The Life Insurance Corporation Of India‚Äôs Card Division Has Received Permission To Issue Pre-paid Cards Into Which Policy Benefits Will Be Credited.   Read More
  Keep Watch For Fake Insurance Salesmen: IRDA (2010-11-09)
The Insurance Regulatory And Development Authority (IRDA) Has Warned The Public To Watch Out For Unscrupulous Persons Selling Insurance Policies By Claiming To Be The Regulator's Representatives.   Read More
  Mediclaim, Motor Insurance Portability Soon: Irda (2010-11-09)
Insurance Regulator Irda Today Said That Mediclaim Policy Holders, Who Are Not Satisfied With The Services, Will Soon Be Able To Switch Service Providers At The Same Premium.   Read More
  SBI Life Insurance Launches Ulip Product (2010-11-09)
SBI Life Insurance Today Said That It Has Launched A New Unit-linked Insurance Plan (Ulip) Called Saral Maha Anand.   Read More
  Reliance Life Launches Highest NAV Advantage Ulip Plan (2010-11-09)
ADAG Group Company, Reliance Life Insurance, Today Launched Of A Unit Linked Insurance Plan (Ulip) That Address Long-term Wealth Creation And Protection Needs Of Customers.   Read More
  Insurers Can Take Over Loans Of Only Govt-guaranteed Projects (2010-11-09)
Life Insurance Companies May Be Allowed To Take Over Banks Long-term Infrastructure Loans.   Read More
  Irda Suspends Universal Policies (2010-11-09)
The Insurance Regulatory And Development Authority (Irda) Has Suspended Sale Of Universal Life Policies (ULPs), Which Were Being Promoted As An Alternative To Unit-linked Insurance Plans, From October 23   Read More
  Insurers Seek To Invest In Gold, Fund Of Funds (2010-11-09)
Regulator Not In Favour Of Insurance Firms Dabbling In Commodities.   Read More
  LIC For Higher Premium For Aam Aadmi Scheme (2010-11-09)
Group Insurance Scheme Was Introduced By The Centre For The Landless Agricultural Labourers   Read More
Archive News Related to Insurance
  Market Plus Now Pension Plus : LIC (2010-09-02)
LIC Has Redesigned Its ″Market Plus″ Scheme As ″Pension Plus″. The Product Will Be Available To Policyholders From Tomorrow Sep 01 2010   Read More -->
  Irda Tightens Norms For Referral Agencies (2010-06-07)
To Regulate Non-banking Entities Acting As Referral Agents In The Life Insurance Space, The Insurance Regulatory And Development Authority (Irda) Has Capped The Referral Fee Paid To This Channel.   Read More -->
  LIC India Samridhi Plus - ULIP Plan First 100 Months Highest NAV (2011-03-02)
This Plan Offers Payment Of Fund Value At The End Of Policy Term, Based On Highest Net Asset Value (NAV) Over The First 100 Months Of The Policy, Or The NAV As Applicable On The Date Of Maturity, Whichever Is Higher. NAV Of The Fund Will Be Subject To A Minimum Of Rs 10/-. This Plan Is Available For Sale For A Maximum Period Of 3 Months From The Date Of Launch.   Read More -->
  Life Insurance Policy Selection ... (2010-07-29)
Many People See Life Insurance As A Means To Use Tax Concessions. Whilst The Tax Deductibility Of Premiums Is A Nice Bonus From Taking An Insurance Policy, It Certainly Isnít The Primary Reason For Insurance. World-wide, Life Insurance Takes Up A Sizable Chunk Of Household Income, Even When There Are No Tax Breaks.

Insurance Policies Are Designed To Meet The Various Financial Needs That People Have. Just As Different Types Of Shoes Meet The Various Needs We Have (For Example: Slippers Keep Your Feet Warm And Boots Protect Your Feet From Rough Ground And Dirt).   Read More -->
  INTRODUCTION OF LIC BIMA ACCOUNT (2011-02-01)
This Is A Without Profit Variable Insurance Product Wherein The Proposals Will Be Accepted Under Non-medical Scheme Only. Under This Plan There Will Be A Policyholder″s Accountmaintained Separately For Individual Policyholder, Which Shall Consist Of Two Parts- Policyholder″s Regular Premium Account And Policyholder″s Top-up Premium Account.   Read More -->
  After A Year Of Consolidation, Life Insurers Get A Glimpse Of Profit (2010-06-07)
After Reeling Under Losses For Almost A Decade, Life Insurance Companies Are Now Turning The Tide. Four Life Insurers Have, So Far, Posted Profit, While Three Of Them Have Brought Down Their Losses.   Read More -->
  Income From Insurance Premium May Cross Rs 850 Cr: ECGC (2010-06-07)
State-run Export Credit Guarantee Corporation Of India (ECGC) Today Said Its Income From Insurance Premium Is Expected To Jump By Over Rs 100 Crore This Fiscal To Rs 850 Crore, As More And More Exporters Are Facing Payment Defaults   Read More -->
  ING Life Launches Capital Protection ULIP (2011-01-05)
ING Life Has Launched ING Market Shield, A Guaranteed NAV (net Asset Value) Unit-linked Insurance Product.   Read More -->
  Don't Tax Ulips At Withdrawal, Insurers To Tell Government (2010-06-17)
Also Wants The EEE Model To Be Applied To Pure Insurance Products. Life Insurance Council, The Representative Body For Life Insurance Companies In India, Will Push For Changes In The Proposal To Treat Unit-linked Insurance Policies (Ulips) On Exempt-exempt-tax (EET) Basis Under The Direct Tax Code.   Read More -->
  LICIndia Endowment Plus - Should I Go For It? (2011-01-18)
Endowment Plus Is A Unit-linked Product That Offers Investment-cum-insurance During The Term Of The Policy.   Read More -->
  Insurance Firms To Meet Finmin On Ulip Issue (2010-06-21)
Although The Uncertainty Over Regulation Of The Unit-Linked Insurance Products (Ulips) Has Been Settled, Investors In These Schemes Are Now Faced With The Possibility Of Getting Taxed At The Time Of Withdrawing Funds And Industry Players Will Soon Meet The Finance Ministry Officials To Address The Issue.   Read More -->
  Aegon Religare Life Insurance Launches Fixed-Benefit Health Plan (2010-08-31)
Aegon Religare Life Insurance Launched Its New Fixed-benefit Health Insurance Plan Called AEGON Religare Health Plan. This Plan Offers Several Unmatched Benefits Such As Coverage Of All Surgeries, Guarantees Payment In Case Of Claims And Cashless Facility In Over 3,000 Hospitals.   Read More -->
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