ING Vysya Life's Best Years' Retirement Plan announces 8.21% Returns

The highlight of this year's bonus announcement is a return of 8.21% declared for the Best Years' Retirement Plan

Bangalore, Karnataka, IND, 2006-07-11 17:28:50 (IndiaPRwire.com)
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ING Vysya Life, one of India's leading insurance companies, today declared annual bonus rates for all its participating policyholders. The bonus rates declared are based on the company's investment performance during the last financial year.

The highlight of this year's bonus announcement is a return of 8.21% declared for the Best Years' Retirement Plan.

Since beginning operations in September 2001, ING Vysya Life has achieved a strong market position in South India and is aggressively expanding operations throughout the rest of the country. Rated as a leading life insurance provider among private sector players, ING Vysya Life is now present in over 70 cities and has 130 b ranches.

Kshitij Jain, Managing Director & CEO of ING Vysya Life, stated: "Our bonus declaration reflects ING Vysya Life's strong and consistent performance in our fifth full year of operations.

We believe that this stable foundation will help us ac hieve more robust growth going forward." The company has sixteen life insurance products including three Unit Linked products Freedom Plan, Future Perfect and One Life Single Premium and one non participating Term and Critical Illness product Conquering Life. The bonus rates declared apply to the 11 traditional products and the Best Years' Retirement Plan.

Press enquiries:

ING Vysya Life

Shalini Naik, 080 2532 8000, shalini.naik@ingvysyalife.com

Hanmer & Partners

Anita Ramkumar/ Deepak M, 080 2525 2234, 98864 11614, anita@hanmerpr.com

About ING Vysya

ING Vysya consists of three businesses in India, ING Vysya Life In surance, ING Vysya Bank and ING Vysya Mutual Fund. ING Vysya Bank is a premier private sector bank with a 70-year heritage and two million satisfied customers. ING Vysya Mutual Fund is a mid sized asset management company with a retail investor focus.

About ING Group

ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce in excess of 117,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

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