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 benefits of this plan are:

Enjoy better returns with Protect your investments

equity participation from market downside

Anytime guarantee* for all Multiple options to customise

benefits and not just at maturity the plan to your need
* 80% of the Highest Daily NAV
Why invest in ING Market Shield, a Unit Linked 2. Anytime Guarantee - Protection that is available to you at all
Insurance Plan? times and not just at maturity

1. Optimizing upside potential due to Equity Participation 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 locked-
This plan provides you with the growth potential that comes from
in with a minimum 80% assurance. Every time the NAV of the
investing in shares that comprise Nifty 50 (NSE CNX S&P Nifty
Guaranteed NAV Fund hits a new high, 80% of that NAV per unit
Index). ING Life on every day basis will monitor the equity market
is guaranteed (referred as Guaranteed NAV or G-NAV). From there
development and increase allocation to the equity market (up to a
on, irrespective of the volatility in the market you are assured of the
maximum of 60%) when times are good and will reduce (up to 0%)
G-NAV per unit at all times and not just at maturity. ING will reset
allocation to equities when markets are volatile. This active daily
this G-NAV on a daily basis and once the G-NAV is set it can go up
asset allocation ensures that your gains are maximised and at the
and never go down.
same time protecting such gains from eroding.

The below graph explains that in a rising market when the Daily NAV is higher the customer gets the maturity benefits 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 benefits 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 benefits 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 4. Limited Premium Payment Term

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.
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 benefits
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 benefits 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 Benefits:
1. Death Benefit
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 benefit 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 Benefit
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 five 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 Benefit
In case of any interim financial 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.
• 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 Benefits 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 Benefit
payable under the policy.
5. Surrender Benefit
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
Benefits 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.
2. Decide the Premium Paying Term of your policy.
3. Your premium after deduction of the Premium Allocation Charge
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 Benefit.
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 financial security.
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 Investment Pattern Objective Risk Classification

Equity 0% - 60% Provides for

balanced
Medium
growth and
Money Market & Cash 40% - 100% protection.

Eligibility Criteria

Age at Entry Min 8 years - Max 55 years

Age at Maturity Min 23 years - Max 70 years
Policy Term 15 to 20 years
Premium Paying Term Limited Pay (5, 10 years) or Regular Pay (equal to Policy Term)
Premium Payment Modes Annual
Minimum Premium For Limited Pay (5 years) the minimum yearly premium is
` 48,000
For Limited Pay (10 years) or Regular Pay : ` 36,000
Maximum Premium No Limit
Top-up Premium Minimum of ` 5,000, Maximum of ` 800,000
Basic Sum Assured 10 to 20 times the Annual Premium
Additional Sum Assured Fixed at 1.25 times of the Top-up premium paid (if any)
Protect your investments from market downside.
Charges: Policy Discontinuation Charge:

Premium Allocation Charge: Policy Discontinuance

Year Policy Discontinuance Charges
Premium Allocation Charge is a percentage of the premium
Lower of 6% of (AP* or FV*) subject to
appropriated towards charges from the premium received and is 1
max ` 6000
charged at the time of receipt of the premium. The Company charges
Lower of 4% of (AP* or FV*) subject to
the Premium Allocation Charges, at the following rates: 2
max ` 5000
Charges as a percentage of Lower of 3% of (AP* or FV*) subject to
Regular / Limited Premium 3
Annual Premium max ` 4000
1st Year 9% Lower of 2% of (AP* or FV*) subject to
4
2nd & 3rd Year 3% max ` 2000
4th Year onwards Nil
5 and onwards NIL
Top-up premium 2%
*AP: Annual Premium FV: Fund Value
Policy Admin Charge:
Charges as a percentage The Fund Value for the purpose of policy discontinuance charges
Year
of Annual Premium means the amount represented by the number of Units held by the
1st Year Nil policyholder in the G-NAV Fund multiplied by the Daily NAV.
2nd – 5th Year 0.50% per month
Mortality Charges:
6th – 10th Year 0.40% per month
Mortality Charges will be deducted monthly in advance at the Daily
11th Year onwards 0.20% per month
NAV from the Fund Value. Charges are based on age and gender.
The Maximum Policy Administration Charge is capped at ` 500 per Sample Mortality Charges (in Rupees) per annum per 1000 of Sum at
month. These Policy Adminstration Charges are guaranteed & would be Risk for a healthy male & female life is shown below:
deducted at the beginning of each policy month by way of cancellation
of units at the Daily NAV from the G-NAV Fund.
Age (years) 20 30 40 50 60
Male 1.08 1.26 2.21 5.66 14.12
Partial Withdrawal Charge:
Female 0.94 1.25 1.72 4.13 11.11
There are no charges for Partial Withdrawals.
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 % of Fund Value (per annum)
Guaranteed NAV Fund 1.10%
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 % of Fund Value (per annum)
Guaranteed NAV Fund 0.50%
In exceptional circumstances, the equity exposure in the Fund may fall
to zero, during which period no Guarantee Charge shall be levied.
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. Beneficiaries: If the policyholder has not assigned the policy,
then he/she shall get the benefits due on the date of maturity. In
the event of Life Assured’s unfortunate demise, the nominee or
the eligible person will receive the benefits due.
4. Coverage Exclusions:
Suicide: No death benefit 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 premiums before completion of 30 days as referred above, the
under this policy. The policy shall be treated as null and void and policy shall stand Discontinued without any life cover.
the benefits under the policy shall be restricted to payment of
7. Policy Discontinuance Provisions: In case of Discontinued Policy,
balance in Special Fund Value (at the higher of the Daily NAV or
the following process will be applicable:
the G-NAV) as on the death of the Life Assured to the eligible
person. a) For policies surrendered/discontinued before completion of
first 5 policy years:
Rider Coverage – There is no rider allowed under this plan.
I. The Special Fund Value after deducting Discontinuation
5. Grace Period: There is a grace period of 30 days allowed for
Charges shall be deposited in Discontinued Policy Fund and
payment of the due premium. If the premium due is not received shall be paid to the policyholder after completion of full 5
within the Grace Period, the Company shall send a notice within policy years.
a period of fifteen days from the date of expiry of Grace Period
requesting the policyholder to exercise one of the following II. This amount in Discontinued Policy Fund shall carry an

options: interest of minimum 3.5% per annum compounded yearly or

such other rate prescribed by IRDA.
a) Revival of the policy, or
III. In the event of death of the Life Assured before completion
b) Discontinue the policy without any life cover of full 5 years and during Discontinued Policy, his/her balance
The policyholder shall have a period of 30 days from the receipt in the Discontinued Policy Fund will be paid to the Eligible
of the aforementioned notice to exercise one of the above Person.
options. In case the policyholder fails to exercise any of the
b) For policies surrendered/discontinued after completion of
aforementioned option is within the specified time period of
first 5 policy years:
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 I. The Special Fund Value as on the date of discontinuation
completion of the 30 days as referred above, the policy is deemed shall be paid to the policyholder.
to be in force with life cover as per the terms and conditions of
Note: The Special Fund Value will be calculated at the higher of the
the policy.
Daily NAV or the G-NAV.
6. Discontinued Policy: In case the policyholder fails to pay the due
8. Tax Benefit Provision (based on in force tax laws):
Policyholder will be eligible for tax benefits 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 benefits you receive from this policy
are exempt from tax.
The aforesaid tax benefits are subject to change in tax laws.
We therefore urge you to carefully analyze the tax benefits/tax
implications, if any, that may arise on investing in this policy.
Other Tax Implications: If required by the Act, the Company may
withhold taxes from the benefits 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.
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 Day 1 Day 2 Day 3 Day 4 Day 5
Daily NAV 10 9.7 9.5 9.2 10.4
Guaranteed
NAV 8.0 8.0 8.0 8.0 8.3
Net Asset Value of a Unit Linked Fund shall be calculated as
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 benefits 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.
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).
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
influencing 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
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 specifically 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:
2 Any person making default in complying with the provisions
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.

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.
 For more details:
Contact -

To know more about this product, please contact our nearest Branch Office.
Or call us at 1-800-419-8228 or SMS ING to 53636 or visit www.inglife.co.in

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