Bangkok--12 Sep--Aziam Burson-Marsteller
ING Life Limited has today introduced its exciting new ING Complete Life 75/15 policy that effectively insures the lives of Thai customers while offering the potential for a market beating dividend. The ING Complete Life 75/15 policy has been designed specifically for the needs of today’s Thai customers and will be offered exclusively by the company’s agency channel. This is a new type of insurance product that helps protect the loved ones of Thai policy holders in the event of their accidental death. Customers will pay their premiums for 15 years and receive coverage until age 75.
The ING Complete Life 75/15 policy offers significant benefits for the loved ones of the insured individual in case of their death. For years 1 to 16 of the policy the death benefit equals 100% of the insurance amount or 125% of the premiums paid depending on which is higher as well as the accumulated dividend as of the beginning of the year. For year 17 and over, the death benefit is 125% of the insured amount. If the policy holder should die from an accident before maturity, the policy pays an additional benefit of 100% of the insured amount. There are also impressive survival benefits associated with the ING Complete Life 75/15 policy including a dividend paid at the end of the policy’s 16th year and a payment of the sum assured at the end of the policy’s 4th, 8th and 12th years as well as a lump sum payment equal to 125% of the total sum assured when the policy holder turns 75.
Customers can choose to insure themselves for any amount from 100,000 Baht upwards and pay their premiums annually, semi-annually, quarterly or monthly depending on their preference.
“ING Life Limited is proud to be offering this exciting new policy to our customers and we believe that ING Complete Life 75/15 will be a valuable addition to our overall portfolio of products,” said Ignacio Aguilar, CEO, ING Life Limited. “With this product our customers will be able to protect the economic welfare of their families in the unfortunate event of their death while at the same time they have the opportunity to earn a market beating dividend. ING Life Limited’s agents have been especially trained to educate their customers about this product and they are very excited about the sales potential of this unique and high-value policy.”
The ING Complete Life policy is open to customers from the ages of 1 month and 1 day through 55 years and the coverage is until age 75, while premiums are paid for just 15 years. Further, as per the announcement of the Revenue Department, life insurance premiums are tax exempt (with the exception of the Accidental Death Benefit).
“Life in today’s high speed and high stress world continues to be fraught with risk. While we encourage all of our customers to do everything they can to take care of themselves and their families, we know that accidents can and do happen. It is for these situations that our ING Complete Life 75/15 policy has been designed. Now Thai people have access to a policy that will protect the financial independence of their families in case tragedy strikes. We believe that this will be a compelling proposition to many people and we are quite certain that the ING Complete Life policy will be very well received by our customers across Thailand and will help us achieve our premium growth targets for 2011” concluded Ignacio Aguilar.
Press Enquires:
Aziam Burson-Marsteller Tel. 0 2252 9871