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Hyderabad, March 4

ING Vysya Life Insurance has launched a unit-linked pension product — ING Golden Life. The product is open to people aged between 18 and 65 years and has both regular and single premium options, Mr Madhav Kumar, Regional Vice-President (AP), ING Vysya Life Insurance, told newspersons here on Tuesday. The retirement solution would offer a choice between three pension funds, debt, liquid and equity for the policy holders. The unit value of the product is pegged at Rs 1 0 at present. “In addition to the regular features, there is scope for unlimited top-ups of the premium over a period of time and loyalty units for regular payment of premium,” Mr Kumar said. The company is targeting 30 per cent of revenues from the new product in the fourth quarter (in about Rs 350 crore), he added.

— Our Bureau

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