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ING Vysya Life declares bonus for policy holders
New Delhi, Sep 13: ING Vysya Life Insurance today declared cash bonus for its policy holders, ranging from five per cent to 7.5 per cent.
New Delhi, Sep 13: ING Vysya Life Insurance today declared cash bonus for its policy holders, ranging from five per cent to 7.5 per cent.
ING Vysya, a joint venture of the world's largest life insurance company, ING Group, will pay a cash bonus of five per cent for the policy holders of Reassuring Life (endowment plan) and Maximising Life (money back plan) products.
The cash dividend is tax free under Section 10(10D) of the IT Act. Policy holders who are in the second year of their policies will get an even more attractive 5.75 per cent cash bonus on Reassuring Life and 5.6 per cent on Maximising Life, the company said in a press note here.
Powering Life policy holders would be paid 7.5 per cent.
Bureau Report