INSURANCE | Mortgage | ING Malaysia

ING EDUCATION PLAN

ING Premier Education 15,16,17,18,19,20,21 Years

A world of opportunities for your child
Your newborn child deserves every golden opportunity when he or she comes into this world. As a parent, you only want the best for your child to grab all the opportunities given to him or her. The right education is absolutely necessary to give your child the head start he requires to succeed in today’s fast-paced world. A good education however, is costly and the cost of tertiary education continues to escalate in Malaysia as well as overseas.

The best way to provide your child with the advantage of a good education is to be prepared for these high expenses. Plan ahead and start saving even before your young Einstein starts his lifelong journey of knowledge.

ING Premier Education is an endowment plan with different policy terms. It gives you the opportunity of fulfilling your child’s aspirations and dreams. At the critical moment when your child progresses to his or her tertiary education, you will be able to provide the necessary funds and by doing so, will broaden the range of opportunities for your child.

ENGLISH

BAHASA MALAYSIA

CHINESE

FEATURES

A) This is an Endowment plan that participates in the company’s profit through deferred reversionary bonus which starts payable after 2 complete years.

B) Policyholders could choose any term of policy ranges from 15 to 21 years so long the expiry age (age upon maturity) is 25 years old to be eligible for tax deduction. Premiums are payable until maturity of the policy.

C) This plan offers guaranteed interim cash payments of 50%, 50% and 50% (also as maturity payment) in the last 3 years of the policy with the option to accumulate these interim cash payments till maturity.

D) This plan also comes with built-in accidental death/TPD benefit (Complimentary ADD rider (CADD)) where the sum insured will be doubled due to accidental cause.

BENEFITS
A) Guaranteed Interim Cash Payments (ICP)
B) Maturity
C) Death
D) Total & Permanent Disibility
E) Double Indeminity for Accidental Death
F) Education Excellence Award
G) Surrender
H) Education Loan
I) Policy Loan
J) Reduce Pay Up (RPU)
K) Non-forfeiture Option

ING Education Excellence Award

f1 Policy must be in force for full 3 years.
f2 Date of examination must be within 1 month to or on or beyond the full 3 years date.
f3 Entitled to only one education excellence award per life. d) Applicable for ING Education Savings Plan only.
f4 Only Malaysian’s educational results are recognize for this award.

How to apply ING Education Excellence Award

a) A copy of the ING Excellence Award form.
b) A certified true copy of the result/certificate by either School Headmaster or Customer Service Rep/Supervisor/Manager.

Min Qualifications
a) UPSR (Standard 6) -minimum 3 distinctions.
b) PMR (Form 3) - minimum 4 distinctions.
c) SPM (Form 5) - minimum 5 distinctions

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