ING Secured Income Insurance RP - ING Vysya Life Insurance

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ING Secured Income Insurance RP
General:
This illustration has been prepared by ING Vysya Life Insurance Company Limited. It does not purport to be a contract of insurance
and does not in any way create any rights or obligations.
The Plan:
ING Secured Income Insurance RP is your ideal savings tool for long term financial goals. In addition to ensuring systematic savings
it also ensures financial protection for your family in case of any unfortunate and unforeseeable event. This plan is a non linked
participating life insurance product of the company. The policyholder opts for the Sum Assured and Policy Term. The company may
declare bonuses, which get added to the sum assured and are paid at death of the life assured or maturity of the policy.
This product is available in 2 options ‘Base’ and ‘Economy’. The differences between Base Option and Economy Option are detailed
in Section ‘Economy Option’ later in this document.
The plan provides various benefits described later in this document.
Plan Benefits:
1. Death Benefit:
This plan ensures that in case of death of the life assured, the family not just gets the Sum Assured but also gets an assured income
for next 5 years equal to 120% of Sum Assured (which is payable on a monthly basis). Thus, the death benefit is Sum Assured +
Family Income Benefit + Vested Bonus, if any + Terminal Bonus, if any.
Family Income Benefit: On the unfortunate event of death of the life assured, if the Life Assured has completed 18 years of age
as on the date of death, ING Life will pay 2% of Sum Assured every month for the 5 years following the death of the life assured.
This means a total payout of 120% of Sum Assured (2% for 60 months). This comes in addition to the Sum Assured, Vested Bonus,
if any, and Terminal Bonus, if any, that are paid in lump sum on death. The first installment of Family Income Benefit will be paid
immediately on death.
In case of death of the life assured at age less than 18 years, instead of a monthly income, the Family Income Benefit will be payable
in lump sum and the amount would be equal to 100% of the Sum Assured.
Family Income Benefit is available only with Base option.
2. Maturity Benefit:
At the maturity of the policy, ING Life will pay the Sum Assured, plus Vested Bonus, if any, plus Terminal Bonus, if any.
3. Bonus:
Bonuses represent your share in the profits of company’s participating fund. Bonus is calculated on the Sum Assured in the
policy. Bonuses are therefore not guaranteed and are based on fund’s performance. ING Secured Income Insurance RP provides
two kinds of bonuses:
• Simple Reversionary Bonus: ING Life may declare bonus on a yearly basis as a percentage of Sum Assured, which will be
attached to your policy and will be paid at death or maturity of the policy, whichever is earlier.
• Terminal Bonus: ING Life may also declare a Terminal Bonus from 10th policy year and is payable at maturity of policy or
death of the Life assured.

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ING Secured Income Insurance RP
Surrender:
If at least three full years premiums have been paid, and after three policy years have been completed, this policy may be surrendered
for a Special Surrender Value, which is determined by the company from time to time.
The amount payable on surrender is higher of the Special Surrender Value or the Guaranteed Surrender Value, after deduction of
any loans under the Policy. Guaranteed Surrender Value will be calculated as:
For Base Option:
Before payment of full five years premium: 30% of the total premiums paid up to the date of surrender excluding first year
premium, extra premiums and rider premiums, if any.
After payment of full five years premium: 50% of the total premiums paid up to the date of surrender excluding first year
premium, extra premiums and rider premiums, if any.
For Economy Option:
30% of the total premiums paid up to the date of surrender excluding first year premium, extra premiums and rider premiums, if any.
All benefits under the policy shall automatically terminate upon payment of Special Surrender Value.
Taxation:
The illustration table mentioned later in this document, ignores the impact of the provisions of the Income Tax Act 1961 (‘Act’).
This plan may entitle you to certain tax benefits on your premiums as well as on your maturity value.
U/s 80C of the Income Tax Act 1961 on your premiums
U/s 10(10D) of the Income Tax Act 1961 on your maturity proceeds of the policy*
*Please note that tax benefits are subject to changes in Tax Laws and we would urge you to consult your tax advisor for specific tax
related advice before you invest in this policy. Service Tax and Education Cess as applicable from time to time will be additionally
levied.
Economy Option:
While ING Secured Income Insurance RP offers you a host of benefits, but for someone looking for a basic savings plan can go for
the Economy Option. The Economy Option offers only basic protection and savings feature as set out in this table:
Death Benefit
Sum Assured, plus Vested Bonus, if any, plus Terminal Bonus, if any.
Family Income Benefit is not payable under the Economy Option.
Maturity Benefit Sum Assured, plus Vested Bonus, if any, plus Terminal Bonus, if any.
Bonus Simple Reversionary Bonus and Terminal Bonus.
Guaranteed Surrender
Value
Tax Benefits Available
The Guaranteed Surrender Value throughout the plan will remain at 30% of the total
premiums paid excluding first year's premium, extra premiums and rider premiums, if any.

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ING Secured Income Insurance RP
Statutory Warning: Some benefits are guaranteed and some benefits are variable with returns based on the future performance
of your insurer carrying on life insurance business. If your policy offers guaranteed returns, then these will be clearly marked
“guaranteed” in the illustration table on this page. If your policy offers variable returns, then the illustrations on this page will show
two different rates of assumed future investment returns. These assumed rates of returns are not guaranteed and they are not the
upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future
investment performance.
The below illustration is for base option:
Policy Name ING Secured Income Insurance RP Sum Assured ` 3,11,207
Name of the Proposer Mr. XYZ Premium Payment Mode Annual
Age of the Life Insured 35 Years Policy Term 20 Years
Annualized Premium ` 20,000 Premium Paying Term 20 Years
Age Policy
year
Annual
Premium
(`)
Guaranteed
Sum Assured
(`)
Non Guaranteed Accrued
Simple Reversionary
Bonus @ 6%
(`)
Non Guaranteed Accrued
Simple Reversionary
Bonus @ 10%
(`)
Non Guaranteed
Terminal
Bonus @ 6%
(`)
Non Guaranteed
Terminal
Bonus @ 10%
(`)
35 1 20,000 3,11,207 10,114 23,341
36 2 20,000 3,11,207 20,228 46,681
37 3 20,000 3,11,207 30,343 70,022
38 4 20,000 3,11,207 40,457 93,362
39 5 20,000 3,11,207 50,571 1,16,703
40 6 20,000 3,11,207 60,685 1,40,043
41 7 20,000 3,11,207 70,800 1,63,384
42 8 20,000 3,11,207 80,914 1,86,724
43 9 20,000 3,11,207 91,028 2,10,065
44 10 20,000 3,11,207 1,01,142 2,33,405
45 11 20,000 3,11,207 1,11,256 2,56,746
46 12 20,000 3,11,207 1,21,371 2,80,086
47 13 20,000 3,11,207 1,31,485 3,03,427
48 14 20,000 3,11,207 1,41,599 3,26,767
49 15 20,000 3,11,207 1,51,713 3,50,108
50 16 20,000 3,11,207 1,61,828 3,73,448
51 17 20,000 3,11,207 1,71,942 3,96,789
52 18 20,000 3,11,207 1,82,056 4,20,129
53 19 20,000 3,11,207 1,92,170 4,43,470
54 20 20,000 3,11,207 2,02,284 4,66,810 39,212 47,926
Note:
1. The illustration above explains the benefits and features of the proposed policy and is not a contract or representation of any
guarantee or warranty.
2. The name of the product does not in any way indicate the quality of the product, its future prospects or returns.
3. Service Tax and Education Cess are levied on the premiums as per applicable tax laws and the same is subject to changes in the
tax laws in future.
4. The Death, Surrender and Maturity Benefits mentioned under the guaranteed column are guaranteed subject to the
policy terms and conditions and that all premiums being paid on time and bonuses are not guaranteed and depend on
fund’s performance.
5. Rider Premiums are not a part of the illustration.

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ING Secured Income Insurance RP
6. The above information is indicative of the terms and conditions, warranties and exceptions contained in the policy terms and
conditions of ING Secured Income Insurance RP.
7. ING Vysya Life Insurance Company Limited is only the name of the Insurance Company and ING Secured Income Insurance RP
is only the name of the product and does not in any way indicate the quality of the product, its future prospects or returns.
8. The purpose of this Benefit Illustration is only to provide a general overview about this policy. The information herein is indicative
of the terms, conditions, warranties and exceptions contained in the Policy Terms and Conditions of ING Secured Income Insurance
RP. Please read this benefit illustration in conjunction with the product brochure, Policy Terms and Conditions/Rider Terms and
Conditions to understand the Terms & Conditions & Exclusions carefully before concluding the sale.
9. In the event of any inconsistency/ambiguity between the terms contained herein and the Policy Terms and Conditions, the Policy
Terms and Conditions shall prevail.
Section 41: Prohibition of Rebate:
1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or
continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of
the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or
continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or
the tables of the insurer.
2) Any person making default in complying with the provision of this section shall be punishable with fine, which may extend to
five hundred rupees.
Section 45: Non Disclosure:
Under the provisions of section 45 of the Insurance Act, 1938, the company is entitled to repudiate the policy on the ground
that a statement made in the proposal or in any report of a medical officer or referee or friend of the insured or any other
document leading to the issue of the policy was inaccurate or false, before the expiry of 2 years from the effective date of the
policy, and thereafter that if such false or inaccurate statement was related to a material matter or suppressed facts which it was
material to disclose and that it was fraudulently made by the policyholder and that the policyholder knew at the time of making
it that the statement was false or material to disclose.

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ING Secured Income Insurance RP
To know more about this product, please contact our nearest Branch
or call us at 1800- 419-8228 or SMS SIP to 5676770 or visit www.inglife.co.in
Insurance is the subject matter of the solicitation.
UIN: 114N060V01 ; Accidental Death Benefit Rider (ADB) UIN: 114C003V01; Accidental Death Disability and Dismemberment Benefit Rider (ADDDB): 114C002V01; ING Term Life Rider: UIN 114B007V01;
URN: ILI/COLL/2011/326; ING Critical Illness Rider UIN No. 114B009V01, ING Critical Illness Limited Pay Rider UIN No. 114B008V01; For more details on risk factors, terms and conditions, please read the
sales brochure of the mentioned product before concluding the sale. ING Vysya Life Insurance Co. Ltd., Registration No.114, Regd. & Corporate Office: ’ING Vysya House’, 5th Floor, No.22, M. G. Road,
Bangalore-560 001, India. Tel: 080-25328000. Fax : 080-25559764.