ING Life launches ING ACE traditional plan

[email protected] (CD Network)
February 17, 2011

ING1

Mangalore, February 17: ING Life India, in its 10th year of operations, on Thursday launched a new traditional insurance product ING ACE (Pension & Life) with features such as high guaranteed additions, limited premium pay and tax benefit under Section 80 of Income Tax Act.

Speaking at the launch, Murali L, Executive Vice President (Karnataka & Goa), said the pension variant of this insurance product offers customers an attractive guaranteed addition of 8.75 per annum throughout the 10-year term of the policy. Both variants are beneficial for customers because they need to pay premiums for only 3 years in an annual mode, and tax benefits.

He said that the product is highly attractive for people aged between 35 and 60 years, who are trying to save for their retirement. The customer can choose his/her premium while investing; moreover, the product offers guaranteed additions of 8.75 per annum of maturity sum assured, compounded every year throughout the term of the policy, while customers can pay their premiums only for 3 years.

Customers also have the option of purchasing an annuity product with the entire amount or receive a third of the lump sum and invest the balance in an annuity product. In case of death, the policy offers a guaranteed death benefit of all premiums paid, compounded at 3 percent.

Mr Murli also said that the variants of ING ACE offers customers a guaranteed addition of 7 percent or 7.75 percent per annum of maturity sum assured throughout the 10 years of the policy depending in the premium paid.

The variant offers a life cover plus a guaranteed death benefit of 5 times the annual premium paid plus the convenience of paying only 3 years of the premium. As soon as the policy matures, the customer will receive the sum assured and guaranteed additions; and in case of death, the nominee receives 5 times the annual premium amount paid, he added.


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News Network
November 21,2025

Bantwal: A domestic dispute appears to have led to a violent confrontation in BC Road area, where the owner of a textile shop was allegedly attacked with a knife by his wife on Wednesday evening.

Krishna Kumar Somayaji, the owner of Somayaji Textiles, sustained serious injuries in the incident and was immediately taken to a hospital for treatment. He is currently receiving care in the intensive care unit and is reported to have survived the assault, according to police.

The Bantwal Town police have registered a case against Somayaji's wife, Jyothi KT, who has since been taken into custody.

Police stated that the complainant, Namita, an employee at the shop, reported the sequence of events. She stated that around 7 p.m. on Wednesday, the suspect entered the shop, wearing a burqa and disguised as a customer, before attacking Somayaji with a knife. The employee then transported the injured owner to a local hospital via an autorickshaw.

Superintendent of Police Arun K confirmed that an ongoing domestic dispute between Somayaji and his wife reportedly preceded the attack. Police noted that Jyothi KT had previously visited the shop and issued threats.

Based on the complaint, Bantwal Town police have registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and the Indian Arms Act-1959. An investigation into the incident is currently underway.

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News Network
November 22,2025

Mangaluru: Police Commissioner Sudheer Kumar Reddy C H has warned of strict action against individuals spreading rumours and attempting to create insecurity within the Muslim community and fuel hatred between Hindus and Muslims through social media.

Referring to a recent social media post alleging that police personnel had entered a masjid premises to check whether beef was being cooked, the commissioner said miscreants were attempting to push their communal agenda. 

“A group of people, both from Mangaluru and abroad, are trying hard to spread rumours. For the past 10 days, they have been attempting to rake up old issues, highlight routine matters as controversies, or fabricate news altogether,” he said.

He reiterated that any such attempts to disturb communal harmony would invite legal action. “Cases will be registered and the accused will be brought to book,” he stated.

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News Network
November 27,2025

siddDKS.jpg

Congress president Mallikarjun Kharge on Thursday announced that he will convene a high-level meeting in New Delhi with senior leaders — including Rahul Gandhi, Karnataka Chief Minister Siddaramaiah and Deputy Chief Minister D.K. Shivakumar — to resolve the escalating leadership turmoil in Karnataka and “put an end to the confusion.”

Kharge said the discussions would focus on the way forward for the ruling party, as rumours of a possible leadership change continue to swirl. The speculation has intensified after the Congress government crossed the halfway mark of its five-year term on November 20, reviving talk of an alleged 2023 “power-sharing agreement” between Siddaramaiah and Shivakumar.

“After reaching Delhi, I will call three or four important leaders and hold discussions. Once we talk, we will decide how to move ahead and end this confusion,” Kharge told reporters in Bengaluru, according to PTI.

When asked specifically about calling Siddaramaiah and Shivakumar to Delhi, he responded: “Certainly, we should call them. We will discuss with them and settle the issue.”

He confirmed that Rahul Gandhi, the Chief Minister, the Deputy Chief Minister and other senior members would be part of the deliberations. “After discussing with everyone, a decision will be made,” he said.

Meanwhile, Siddaramaiah held a separate strategy meeting at his Bengaluru residence with ministers and leaders seen as his close confidants, including G. Parameshwara, Satish Jarkiholi, H.C. Mahadevappa, K. Venkatesh and K.N. Rajanna.
Signalling calm, the Chief Minister told reporters, “Will go to Delhi if the high command calls.”

Shivakumar echoed a similar stance, saying he too would head to the national capital if summoned by the party leadership.

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