• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Thiruvananthapuram, Feb. 27

ING Vysya Life Insurance has launched ING Guaranteed Growth Plan, a new unit-linked product, in Kerala. Speaking at a press conference here on Wednesday, Mr L. Murli, Regional Vice-President, ING Vysya Life Insurance, said that the new product offers a minimum guaranteed benefit of 5 per cent per annum plus the opportunity for additional market-linked returns. For this product, up to 40 per cent of the available funds will be invested in equity and the balance in debt secu rities, he added. The product offers policy terms of either 10 years or 15 years and a choice between a single premium or a limited premium paying period of two or three years. On maturity, the higher of the fund value or the guaranteed benefit will be paid, he said. In Kerala, the company is present in 31 cities with 38 branches, Mr Murli said. The company plans to add some more branches in major cities of the State such as Thiruvananthapuram, Kochi and Kozhikode, he added.

— Our Bureau

More Stories on : New Products & Services | Kerala | Life Insurance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Federal Bank’s money transfer facility for NRIs in US

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line