ING Life India, part of ING group today launched their new non linked and non participative child plan ‘ING Aashirvad’, which helps parents plan for their child’s future landmark.

Ajay Kapoor, regional vice-president (North), ING life Insurance introduction the new product ‘ING Aashirvad’ maintained the new product was a traditional product and guaranteed development advantage selected by the policyholder.

Kapoor added ‘ING Aashirwad’, a unique product which helps parents plan for child’s future comes with 4 guarantees. The guarantee of maturity value as decided by parent, that of death benefit in case of any possibility of the policyholder, coverage for child after the maturity of the product and policy continuing in case of any eventuality of the parent(policyholder).”

ING Life India having Rs 4,500 crore asset under management, had previously announced their plan to infuse Rs 240 crore additional capital to fund the 5 years growth purpose, including growing the business base by 5 times.