PROJECT ON ULIP

St. Xaviers College,

Ranchi
Presented by:
Subrato Banerjee
Roll No 1154

COMPANY`S PROFILE
Kshitij Jain is the Managing Director & Chief

Executive Officer of ING Life Insurance Company.

The company started operations in India in

September 2001.
ING Life Insurance Company is a joint venture

between ING Insurance International B.V. (26%),

Exide Industries (50%) and other share holders
like Ambuja Cements Limited and Enam Group,
together holding a total of 24%.

UNIT LINKED INSURANCE PLAN

(ULIP)
ULIPs- Systematic Insurance cum Investment
Plan

The Unit trust of India has ULIPs plan. In

this Plan small part of contribution was
utilized for providing life cover and
balance was invested in Units. In the
case person dies before the end of the
plan period the legal hires would be
entitled to the units to his credit or the
amount of insurance which ever is higher.

Features Of Ulip

DIFFERENT CHARGES IN ULIP

Fund
Management
Charges

Rider Premium
Charges

Surrender
Charges

Premium
Allocation
Charges

Mortality
Charges

Policy
Administration
Charges

Switching
Charges

Partial
Withdrawal
Charges

WHEN ULIP WORK BEST?

Choosing an appropriate sum assured.
Choosing the right fund option.
Staying with ULIPs for long term.
Understanding the charge structure.

IRDA GUIDELINES

Death benefit to be

guaranteed.
No risks cover after policy
term.
Opportunity to be given to
revive lapsed policy
Auto cover facility allowed for
full SA for limited period.
No auto cover facility if at least
3 premiums not paid.

TWO PLANS OF ULIP:-

ING Market Shield

ING Prospering Life

Plan

ING MARKET SHIELD

Benefits you get from ING Market

Shield Plan
Death Benefit
Maturity Benefit
Income Tax Benefit

Key Features of ING Market

Shield Plan

Highest NAV is guaranteed throughout the

policy term and not just at maturity.

Limited Premium paying term available.

ING PROSPERING LIFE

Benefits you get from ING Prospering
Life
Switching
Partial Withdrawal
Investment Fund Options

Key Features of ING Prospering

Life
Automatic Asset Allocation Strategy

Customer can choose a pre-defined ING

strategy which will allocate funds between
debt and equity by itself, eliminating the
hassle of constant monitoring by the
customer.
Unlimited free switches and redirections.
Monthly payment mode also available.

THANK YOU