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ING: Perfect Life Comprehensive (IFPP) Package

Wed, 09/09/2009 - 17:54 — admin

* ING Insurance Berhad
* Perpetual Trustees Berhad
* ING Teamwork & Associates Authorized Agent (Co. No. 17007-P)
* Perfect Life Comprehensive Sdn Bhd (856164-U)

Perfect Life Comprehensive Sdn Bhd was finally born and they already launching new products to the markets officially in Sep 2009 i.e. ING Family Protection Plan (funeral services), PLC co-branded with the ING Insurance logo under the supervision of Perpetual Trustees Berhad, listed in the main Board of KLSE. The scheme comes with a premium of 20 years repayment and the coverage is then effectively guaranteed thereafter or fall within the repayment period, started from 30k up to 100k allows the insured life to complete a life journey without needs to worry financially and aftermath. It is suitable for any people come from different religions such as Buddism, Christian and Taoism or different group of ethnics such as Cantonese, Hokkien and Teochew. Subject to their term and conditions.

Comments

Sat, 09/26/2009 - 16:33 — admin

Example: IFPP

E.g. Sam is 36 year-old in Y2008, a non-smoker with good health condition. He wants to purchase IFPP with Sum Assured worth of RM100,000 and decided a funeral package (PLC) of 75k enforced by trust deed upon his departure.

Therefore, his yearly paid premium is RM2,062 (result from table above), repayment of up to max 20 years or till his departure date whichever is mature.

Case #1:
Let say, Sam passed away in Y2042 at his age of 70 year-old.
Here is the payment of Sam,
* -- START --
* At age of 36 paid RM2,062+RM399
* At age of 37 paid RM2,062
* .. (up to max 20 years) ..
* At age of 56 paid RM2,062
* -- END --

Total payout of Sam is (RM399 + RM2,062 x 20 = RM41,639), but deserved a funeral service at his preferred religion carried out by PLC worth of 75k and the net balance goes according to his will in the trust deed. His family member doesn't need to worry about his aftermath financially or left empty-minded.

Case #2:
Let say, Sam passed away within 20 years at his age of 40 year-old.
Here is the payment of Sam,
* -- START --
* At age of 36 paid RM2,062+RM399
* At age of 37 paid RM2,062
* .. (premature departure date) ..
* At age of 40 paid RM2,062
* -- END --

Total payout of Sam is (RM399 + RM2,062 x 5 = RM10,709), but deserved a funeral service at his preferred religion carried out by PLC worth of 75k and the net balance goes according to his will in the trust deed. His family member doesn't need to worry about his aftermath financially or left empty-minded.

Fri, 09/11/2009 - 02:13 — admin

Food for thoughts

Can you deny that every people will go thru it indefinitely once in a life time? Why worry so much as we can transfer the risk to ING Insurance and Have a happy ending life farewell journey. Who knows when is the departure date? Apply now!