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Enjoy your investment when it goes up...

...feel secure when it goes down.

Presenting one of its kind insurance plans that not only provides life cover but also balances risk and reward in a transparent manner, and provides you an opportunity to enjoy growth while retaining protection - ING Market Shield Plan - a Unit linked Life Insurance Plan that ensures you never miss an opportunity to maximize your gains and at the same time, limits your losses.

The key and unique benets of this plan are:


Enjoy better returns with equity participation Anytime guarantee* for all benets and not just at maturity
* 80% of the Highest Daily NAV

Protect your investments from market downside Multiple options to customise the plan to your need

As seen in the graph above, ING Market Shield - a Unit Linked Insurance plan dynamically allocates the investment in risky assets (equity) and safe assets (money market investments) to provide you with growth when markets are stable and protects the achieved growth from when markets are volatile.

Why invest in ING Market Shield, a Unit Linked Insurance Plan? 1. Optimizing upside potential due to Equity Participation This plan provides you with the growth potential that comes from investing in Equity markets. ING Life on every day basis will monitor the equity market development and increase allocation to the equity market (up to a maximum of 60%) when times are good and will reduce (up to 0%) allocation to equities when markets are volatile. This active daily asset allocation ensures that your gains are maximised and at the same time protecting such gains from eroding.

2. Anytime Guarantee - Protection that is available to you at all times and not just at maturity Not only will this plan invest in equity and bring you the gains from the markets, it will also ensure that gains that are made are lockedin with a minimum 80% assurance. Every time the NAV of the Guaranteed NAV Fund hits a new high, 80% of that NAV per unit is guaranteed (referred as Guaranteed NAV or G-NAV). From there on, irrespective of the volatility in the market you are assured of the G-NAV per unit at all times and not just at maturity. ING will reset this G-NAV on a daily basis and once the G-NAV is set it can go up and never go down.

The below graph explains that in a rising market when the Daily NAV is higher the customer gets the maturity benets at the Daily NAV. For example, if the Daily NAV on maturity is at 38 and the G-NAV is 30.4, you are still assured of receiving the maturity benets at the Daily NAV of 38. ING manages the Guaranteed NAV fund through a dynamic asset allocation process which ensures that your guarantee is available to you at all times and all benets paid to you are at higher of the prevailing NAV (referred to as Daily NAV) or the last Guaranteed NAV.

3. Protects your savings from the uncertainties of the market ING Market Shield - a Unit Linked Insurance Plan weathers all market conditions. As long as the markets are going up you will continue to participate in that growth, but in case the markets fall and the Daily NAV goes below your last Guaranteed NAV, you do not need to worry as you are still assured of the value based on the last Guaranteed NAV.

4. Limited Premium Payment Term We understand that you need to make a careful commitment when you are planning your investments and therefore this plan comes with a variety of Premium Paying Terms. You can choose to make premium contributions for just 5 years or 10 years while your plan continues for the full duration as selected by you. Alternatively, you can choose to make premium payments throughout the policy term by choosing a regular pay option. We urge you to make a careful decision, as once you make a commitment it is important to keep it, else you may not reap the desired objective of buying this plan.

The above graph explains that in a falling market if the Daily NAV is lower than the Guaranteed NAV, the customer gets the maturity benets at the Guaranteed NAV. For example the Daily NAV is at its highest at 42 and if on the date of maturity the Daily NAV falls to 30, you are still assured of receiving the maturity benets at the G-NAV of 33.60 which is 80% of the highest NAV of the Fund.

Enjoy better returns with equity participation; Secure your investments throughout the term and not just on maturity.

Other Key Benets: 1. Death Benet In case of unfortunate demise of the Life Assured during the policy term, the nominee shall receive higher of the Sum Assured or 105% of the premiums paid, including Top-up premiums (if any), (reduced by partial withdrawals if any made during the 2 years immediately preceding the date of death) or Special Fund Value and the policy shall stand terminated. Even in this the case of death, the nominee will get the benet of guarantee as the Special Fund Value will be calculated based on the higher of the Daily NAV or the G-NAV. Note: The Sum Assured is the Basic Sum Assured and the Additional Sum Assured on Top-up premium (if any). 2. Maturity Benet On the Maturity Date you will receive the Special Fund Value as a lumpsum. The Special Fund Value would be calculated based on the higher of the Daily NAV or the G-NAV. 3. Option to add Top-ups At any point of time if you wish to increase your contribution, you can pay Top-up premiums to invest in the same policy, subject to the following conditions: The minimum Top-up amount is ` 5,000 and the maximum is ` 8 lacs.

Every Top-up premium shall have an Additional Sum Assured which will be 1.25 times of the Top-up premium paid. This Additional Sum Assured on Top-up will be in addition to the Basic Sum Assured. Top-ups will not be allowed during the last 5 years of the policy term. No Top-up premiums will be accepted where regular premiums are due, even during the grace period. Top-up premium cannot be withdrawn in a period of ve years from the date of receipt of the respective Top-up premium. The maximum amount of Top-up premiums allowable shall be subject to applicable underwriting guidelines. The applicable G-NAV on Top-up Premium shall be the G-NAV declared from the date following the date of receipt of Top-up premium(s). 4. Liquidity in the form of Partial Withdrawal Benet In case of any interim nancial goal or emergencies you are offered the liquidity to withdraw from your fund at any point of time after completion of 5 Policy Years. The Partial Withdrawals are subject to the following conditions: Partial Withdrawal is available for a minimum amount of ` 5,000 and a maximum amount equal to 25% of balance in the Special Fund Value, subject to Special Fund Value after each such withdrawal not being less than 1.5 times the one full years annual regular/limited premium.

Unlimited number of partial withdrawals can be availed during the policy term.

2. Decide the Premium Paying Term of your policy. 3. Your premium after deduction of the Premium Allocation Charge

The policyholder will be allowed to make any Partial Withdrawals from the Top-up contributions only after completion of 5 years from the date of remittance/realization of Top-up contribution. Partial Withdrawals are calculated by cancellation of appropriate number of units on the higher of the Daily NAV or the G-NAV. Partial withdrawal Benets are not allowed during the minority of the Life Assured. The Partial Withdrawals made during the 24 months preceding the date of death, shall be reduced from the Death Benet payable under the policy.

will be invested in the Guaranteed NAV Fund at the applicable Daily NAV. 4. Mortality and Policy Administration Charges will be deducted on a monthly basis by cancellation of units. 5. In the unfortunate event of death of the Life Assured during the term of the policy, the nominee shall receive the Death Benet. 6. At maturity, the Special Fund Value will be paid to the policyholder as a lumpsum. Note: The objective of a life insurance is long-term nancial security.

5. Surrender Benet The importance of availability of cash in some emergencies cannot be denied, therefore, we provide you with a facility to surrender the policy during the policy term. In case the policy is surrendered during the initial 5 years from the Policy Commencement, the Surrender Benets shall be payable to the policyholder only after completion of 5 full policy years. On surrender after 5 years, the Special Fund Value is paid immediately and the policy is terminated. The Surrender Value would be calculated on the higher of the Daily NAV or the G-NAV. For details please refer to Clause 7 of the Terms and Conditions on policy discontinuance provisions mentioned herein. How does the Plan Work? 1. Choose the premium amount that you wish to invest in the plan every year which shall determine the Sum Assured under the policy.

In case you fail to pay your due premiums on time or during grace period, you shall be given a period of 45 days from the end of grace period to restore the policy in accordance with the IRDA regulations, failing which the policy shall stand terminated. Therefore we urge you to pay your premiums on time to achieve your long-term objectives for taking this policy. How does the Guaranteed NAV (G-NAV) Fund work? The G-NAV Fund aims to provide the policyholders the protection of 80% of the highest NAV achieved during the life of the policy. A dynamic asset allocation process is used to allocate the funds exposure between Risky Assets (Equities) and Risk Free Assets (Money Market Instruments and Cash). In general.

In good market conditions the G-NAV Fund exposure to equities will increase. In bad market conditions the G-NAV Fund will increase its exposure to Money Market Instruments and Cash and reduce the exposure to equities until the markets improve. The G-NAV Fund allows the investor to capture the upsides from rising markets while limiting potential losses in falling markets.
In case of exceptional circumstances, the equity exposure of the Fund may fall to zero, in which period we will not charge any Guarantee Charge.

Asset Class Equity Money Market & Cash

Investment Pattern 0% - 60% 40% - 100%

Objective Provides for balanced growth and protection.

Risk Classication

Medium

Eligibility Criteria Age at Entry Age at Maturity Policy Term Premium Paying Term Premium Payment Modes Minimum Premium Min 8 years - Max 55 years Min 23 years - Max 70 years 15 to 20 years Limited Pay (5, 10 years) or Regular Pay (equal to Policy Term) Annual For Limited Pay (5 years) the minimum yearly premium is ` 48,000 For Limited Pay (10 years) or Regular Pay : ` 36,000 Maximum Premium Top-up Premium Basic Sum Assured Additional Sum Assured No Limit Minimum of ` 5,000, Maximum of ` 800,000 10 to 20 times the Annual Premium Fixed at 1.25 times of the Top-up premium paid (if any)

Protect your investments from market downside.

Charges: Premium Allocation Charge: Premium Allocation Charge is a percentage of the premium appropriated towards charges from the premium received and is charged at the time of receipt of the premium. The Company charges the Premium Allocation Charges, at the following rates: Regular / Limited Premium 1st Year 2nd & 3rd Year 4th Year onwards Top-up premium Policy Admin Charge: Year 1st Year 2nd 5th Year 6th 10th Year 11th Year onwards Charges as a percentage of Annual Premium Nil 0.50% per month 0.40% per month 0.20% per month Charges as a percentage of Annual Premium 9% 3% Nil 2%

Policy Discontinuation Charge:

Policy Discontinuance Policy Discontinuance Charges Year


1 2 3 Lower of 6% of (AP* or FV*) subject to max ` 6000 Lower of 4% of (AP* or FV*) subject to max ` 5000 Lower of 3% of (AP* or FV*) subject to max ` 4000 Lower of 2% of (AP* or FV*) subject to max ` 2000 NIL

4 5 and onwards

*AP: Annual Premium

FV: Fund Value

The Fund Value for the purpose of policy discontinuance charges means the amount represented by the number of Units held by the policyholder in the G-NAV Fund multiplied by the Daily NAV. Mortality Charges: Mortality Charges will be deducted monthly in advance at the Daily NAV from the Fund Value. Charges are based on age and gender. Sample Mortality Charges (in Rupees) per annum per 1000 of Sum at Risk for a healthy male & female life is shown below:

The Maximum Policy Administration Charge is capped at ` 500 per month. These Policy Adminstration Charges are guaranteed & would be deducted at the beginning of each policy month by way of cancellation of units at the Daily NAV from the G-NAV Fund. Partial Withdrawal Charge: There are no charges for Partial Withdrawals.

Age (years) Male Female

20 1.08 0.94

30 1.26 1.25

40 2.21 1.72

50 5.66 4.13

60 14.12 11.11

Fund Management Charge: Fund Management Charge is a charge levied on a daily basis as a percentage of the value of assets held in the Guaranteed NAV Fund at the time of computation of the Unit Price. The Fund Management Charges applicable, at present, are as follows: Fund Name Guaranteed NAV Fund % of Fund Value (per annum) 1.10%

Terms & Conditions: We would suggest you to read the following Terms & Conditions before purchasing the policy: 1. Free Look Period: In case you disagree with any of the terms and conditions of the policy, you have the option of cancelling the policy by writing to the Company stating the reasons for cancellation and return of the original policy document to the Company within 15 days of the date of receipt of the policy Document. In case of such cancellation, the premiums you have paid will be refunded after adjusting for movement in unit prices at the higher of the Daily NAV or the G-NAV and deducting the medical examination fees, stamp-duty and proportional charges towards risk cover (if any). 2. Uniform Payment of Regular Premiums: Once the premium amount has been opted by the policyholder it cannot be changed/ revised during the policy term. 3. Beneciaries: If the policyholder has not assigned the policy, then he/she shall get the benets due on the date of maturity. In the event of Life Assureds unfortunate demise, the nominee or the eligible person will receive the benets due. 4. Coverage Exclusions:

The Company reserves the right to change the Fund Management Charge, with the approval of the Regulatory Authority, provided however, that the Fund Management Charges shall not exceed the cap on Fund Management Charges as determined by the Regulatory Authority from time to time. Guarantee Charge: Guarantee Charge is a charge levied on a daily basis as a percentage of the value of assets held in the Guaranteed NAV Fund at the time of computation of the Unit Price. The Guarantee Charge applicable, at present, is as follows:

Fund Name
Guaranteed NAV Fund

% of Fund Value (per annum)


0.50%

In exceptional circumstances, the equity exposure in the Fund may fall to zero, during which period no Guarantee Charge shall be levied.

Suicide: No death benet shall be paid if the death has occurred directly or indirectly as a result of suicide committed by the Life Assured within one year from the Date of Risk Commencement

or within one year from the date of Reinstatement of risk cover under this policy. The policy shall be treated as null and void and the benets under the policy shall be restricted to payment of balance in Special Fund Value (at the higher of the Daily NAV or the G-NAV) as on the death of the Life Assured to the eligible person. Rider Coverage There is no rider allowed under this plan.

premiums before completion of 30 days as referred above, the policy shall stand Discontinued without any life cover. 7. Policy Discontinuance Provisions: In case of Discontinued Policy, the following process will be applicable: a) For policies surrendered/discontinued before completion of rst 5 policy years: I. The Special Fund Value after deducting Discontinuation

5. Grace Period: There is a grace period of 30 days allowed for payment of the due premium. If the premium due is not received within the Grace Period, the Company shall send a notice within a period of fteen days from the date of expiry of Grace Period requesting the policyholder to exercise one of the following options: a) b) Revival of the policy, or

Charges shall be deposited in Discontinued Policy Fund and shall be paid to the policyholder after completion of full 5 policy years. II. This amount in Discontinued Policy Fund shall carry an interest of minimum 3.5% per annum compounded yearly or such other rate prescribed by IRDA. III. In the event of death of the Life Assured before completion

Discontinue the policy without any life cover

of full 5 years and during Discontinued Policy, his/her balance in the Discontinued Policy Fund will be paid to the Eligible Person. b) For policies surrendered/discontinued after completion of rst 5 policy years: I. The Special Fund Value as on the date of discontinuation shall be paid to the policyholder. Note: The Special Fund Value will be calculated at the higher of the Daily NAV or the G-NAV.

The policyholder shall have a period of 30 days from the receipt of the aforementioned notice to exercise one of the above options. In case the policyholder fails to exercise any of the aforementioned option is within the specied time period of 30 days, it shall be deemed that the policyholder has opted for option b (i.e. Discontinue the policy without any life cover). Till the completion of the 30 days as referred above, the policy is deemed to be in force with life cover as per the terms and conditions of the policy. 6. Discontinued Policy: In case the policyholder fails to pay the due

8. Tax Benet Provision (based on in force tax laws): Policyholder will be eligible for tax benets under section 80C and section 10(10D) of the Income Tax Act, 1961, subject to the provisions contained therein. Under section 80C, you can save up to ` 30,900 from your tax each year (assumed at the highest tax bracket) as premiums up to `100,000 are allowed as deduction from your taxable income. Under section 10(10D), the benets you receive from this policy are exempt from tax. The aforesaid tax benets are subject to change in tax laws. We therefore urge you to carefully analyze the tax benets/tax implications, if any, that may arise on investing in this policy.

Guaranteed NAV (G-NAV) Guaranteed NAV or G-NAV means the Unit Price equivalent to 80% of the highest achieved Daily NAV per unit of the Guaranteed NAV Fund and is reset on a daily basis on all working days.

The following hypothetical example explains the G-NAV and the Daily NAV and the G-NAV at all times is 80% of the highest achieved NAV of the Fund. Period Daily NAV Guaranteed NAV 8.0 8.0 8.0 8.0 8.3 Day 1 10 Day 2 9.7 Day 3 9.5 Day 4 9.2 Day 5 10.4

Net Asset Value of a Unit Linked Fund shall be calculated as Other Tax Implications: If required by the Act, the Company may withhold taxes from the benets payable under this Policy. The Company also reserves the right to recover from the policyholder levies such as Service Tax or such other taxes as may be levied by the appropriate Authorities on insurance transactions by cancellation of units or from the unit fund. 9. Unit Price Calculation: Unit Price means the price of the Units of each Unit Linked Fund arrived at by dividing the Net Asset Value per unit of the Unit Linked Fund by the total number of outstanding units in the Unit Linked Fund. The term NAV in this document refers to the Unit Price. follows: When the Unit Linked Fund is a net purchaser of assets; the NAV shall be computed as: Market value of investment held by the fund plus the expenses incurred in the purchase of the assets plus the value of any current assets plus any accrued income net of fund management charges less the value of any current liabilities and provisions, if any. When the Unit Linked Fund is a net seller of assets; the NAV shall be computed as: Market value of investment held by the fund less the expenses incurred in the sale of the assets plus the value of any current assets plus any accrued income net of fund

management charges less the value of any current liabilities and provisions, if any. The unit price for each business day to be declared / recorded at the end of each business day. The unit price shall be computed to four decimal points. The unit price of the units declared by the Company is net of fund management charges. The value of the benets payable in respect of a claim, requests for switch / redirection / surrender / partial withdrawal received before 3 P.M. on any business day will depend on the number of units and the Unit Price of the respective funds as on such date. Any claim intimation, requests for switch/redirection/surrender/ partial withdrawal received after 3 P.M. on any business day will be processed based on the unit price declared on the immediately following business day. In respect of premiums (other than premiums paid by ECS, Standing Instructions or Auto Debit) received before 3 P.M. on any business day, the unit price as on the date of receipt of such premium shall be applicable and premiums received after 3 P.M. on any business day will be processed based on the unit price declared on the immediately following business day. In respect of premiums paid by ECS, Standing Instructions or Auto Debit, the unit price as on the date of realisation shall be applicable.

ULIP plans are different from the traditional insurance products and are subject to risk factors. ING Vysya Life Insurance Company Limited is only the name of the Insurance Company and ING Market Shield Plan is only the name of the ULIP contract and does not in any way indicate the quality of the contract, its future prospects or returns. The names of the Unit Linked Fund do not in any manner indicate the quality of the Unit Linked Fund or their future prospects or returns. Investments in ULIPs are subject to market and other risks and there can be no assurance that the objectives of the Unit Linked Funds in the ULIP will be achieved. The premiums paid in ULIP policies are subject to investment risks associated with capital markets and the unit price of the units may go up or down based on performance of fund and factors inuencing the capital market and the insured is responsible for his/her decisions. Under exceptional circumstances the fund manager may decide to invest entirely (100%) in money market instruments to protect the gains under Guaranteed NAV Fund. Past performance of the Unit Linked Fund and other funds of

10. Policy Loan There is no loan facility available in this policy. 11. Risk Factors: ING Market Shield a Unit Linked Insurance Plan is a non-participating Unit Linked Life Insurance Product (ULIP).

the Company is not indicative of future performance of any of these funds. The ULIP does not offer a guaranteed return other than what is specically assured under this product and investment risk is borne by the policyholder.

The premiums and funds are subject to certain charges related to the fund or to the premiums paid. Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document of the insurer. The purpose of this Brochure 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 Market Shield - a Unit Linked Insurance Plan. For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale. 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. 12. Section 41 - Prohibition of Rebate: Under the provisions of Section 41 of the Insurance Act, 1938: 1 No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take 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 tables of the insurer.

2 Any person making default in complying with the provisions of this section shall be punishable with ne which may extend to ve 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 ofcer 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.

For more details: Contact -

To know more about this product, please contact our nearest Branch Ofce. Or call us at 1-800-419-8228 or SMS ING to 53636 or visit www.inglife.co.in Insurance is the subject matter of solicitation.

UIN: 114L056V01 URN: ILI/Coll/2010/513