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ING PREMIER INCOME PLUS 12
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IPIP12 - 12yrs saving plan
 
 

The ING Premier Income Plus 12 is a whole life participating plan which provides coverage up to age 100.It offers a Guarantee Annual cash payment of 6% of the basic sum Insured after the 12th policy year
 
In addition, this plan also comes with a Critical Living Waiver of premium benefits*In the event you are diagnosed with any of the specified critical illness** all future premium of your policy will be waived and you can still continue to enjoy all the benefits of this plan without having to pay any further amounts of money.This is to ensure that you will have total peace of mind knowing that your Savings program will not be interupted.At the same time, it also gives you a sense of certainty that your financial goal will be realized under all circumstances.
 
Everyone between the age of 30days to 50yrs old can apply for this plan.Premium or savings can be done annually,semi-annually,quarterly or even monthly depend on your budget and affordability.
 
When you sign up this plan you are entitled to tax relief subject to the provisions of the Income Tax Act 1967.To encourage retirement savings, our government has provided a tax deductions benefit where you may claim up to the maximum allowable amount declared by the Malaysian Inland Revenue Board.The maximum tax deduction are currently RM6,000 per year (inclusive of EPF contribution).Tax deduction amount may vary as declared by LHDN.
 
***The yearly increase in cash values as well as all payouts or withdrawals at the end of the plan are not taxable***

PARTICULAR
1LOT
2LOTS
3LOTS
4LOTS
SUM ASSURED
35,000
70,000
105,000
140,000
Monthly premium/savings
RM400
RM800
RM1188
RM1580
After 20yrs
96,000
194,000
291,000
387,000
After 30yrs
156,000
352,000
528,000
704,000
After 40yrs
317,000
635,000
952,000
1,270,000

For illustration purposes only.
Actual premium & payouts will be based on a person age,gender and sum assured

EXTRA BENEFITS
 
  1. Free life insurance
  2. Income tax relief
  3. Premium waive if suffer 1/35 critical illness
  4. Funeral expenses (payout within 2working days)
  5. Approved by Bank Negara

LETS TALK NUMBERS :-
 
Very simple.If you can save RM400/mth for 12yrs... your total investment RM54,600 can grow RM96,000 after 20yrs and will keep on growing and growing provided you dont terminate the plan.You can withdraw one lumpsum when you decided to close the policy after the maturity year.
 
This plan also suitable for your small children.Plan to set aside some money for their education.But if your children turn up to be a bright one & got scholarship, then you may leave the fund to continue to grow until you'll decide when to withdraw it.
 
 
 

click here to download sample payout table