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
September 17,2024

Kalaburagi: Karnataka Home Minister G Parameshwara on Tuesday said that alleged role of "outsiders" belonging to the banned Popular Front of India (PFI) in the violence at Nagamangala will be examined and action taken based on the probe report.

Clashes broke out between two groups during a Ganesh idol procession in the town in Mandya district following which mobs went on a rampage targeting several shops and vehicles leading to tension on September 11 night.

"Everything will be examined, investigation will be done, on getting the report we will decide. We will not protect anyone, and unnecessarily no one will be punished. We will look into the facts based on the inquiry report and take action accordingly," Parameshwara told reporters here.

He noted that two officials -- Deputy Superintendent of Police and Inspector -- have already been suspended, and added that further action will be taken based on the report.

The Minister said the government has taken the Nagamangala violence seriously and there is no question of taking such incidents lightly. "BJP makes such allegations, but we too have responsibility, we don't take anything lightly."

On allegations that "outsiders" were involved in the violence, Parameshwara said if inquiry reveals complicity of such elements, it would be examined and action taken accordingly.

Regarding claims that those belonging to the banned PFI were involved, he said: "It will be known from the probe."

On demand for a National Investigation Agency (NIA) probe into Nagamangala violence by BJP which alleged "failure" of state's home department, Parameshwara said: "they keep saying such things, we will not listen to all that."

According to police, an argument had broken out between two groups, when the procession by devotees from Badri Koppalu village reached a place of worship on September 11, and some miscreants hurled stones, which escalated the situation.

Following the clashes between the two groups, a few shops were vandalised and goods torched and vehicles set on fire, they added.

To allegations from some BJP leaders that the party MLA Munirathna was arrested "hurriedly", Parameshwara said, police acted after the complaint was given, "what's wrong in that?"

Munirathna, who represents Rajarajeshwari Nagar Assembly segment here, was picked up from Nangli village in Kolar’s Mulbagal on Saturday evening on charges of harassing a Bruhat Bengaluru Mahanagara Palike (BBMP) contractor for bribe, casteist slurs on a former corporator, and also cheating, criminal intimidation and insulting a woman’s modesty.

Asked about "illegal items" seized from the prison here recently by officials, he said an investigation has begun on this.

When a photo of actor Darshan Thoogudeepa, who was lodged in Parappana Agrahara Prison here, hanging out with other inmates surfaced recently, action was taken based on the probe report and eleven officials were suspended.

"I will look into recent seizures made too and action will be taken; also probe is on at other prisons in the state and action will follow if anything wrong is found," the Minister added.

Police raided the high-security wing of Parappana Agrahara Central Prison here on Saturday and seized smartphones and other illegal goods.

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News Network
September 20,2024

Udupi: A vigilant Railway Protection Force (RPF) constable, Aparna K T, demonstrated remarkable presence of mind when she rescued a student who slipped while trying to board a moving train at Udupi Railway Station on Friday morning.

The incident occurred as passenger train number 06602 arrived at the station around 7:30 AM. The student, traveling from Mangaluru to Gokarna, had briefly alighted to purchase snacks. However, as the train began moving, she hurried back towards the carriage with the snacks in hand. In her rush, she lost her footing, slipping dangerously between the platform and the moving train.

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Woman constable Aparna K T was given a cash reward of Rs 5000.

 

Constable Aparna, who had been closely monitoring the passengers, immediately sprang into action. “I saw her running towards the train and alerted everyone by blowing my whistle. She slipped, and her legs were caught between the platform and the train. Without hesitation, I pulled her out with the help of others nearby,” she recalled.

Thanks to Aparna’s quick thinking and the swift response of the railway staff, the train was stopped in time. Railway personnel, including the guard and loco pilot, were immediately informed, and they acted promptly to halt the train using both flag signals and a walkie-talkie.

RPF Inspector Madhusoodhanan PV arrived at the scene shortly after to check on the passenger's condition. The shaken but uninjured student was given water and helped back onto the train to safely continue her journey.

In an added measure of care, the RPF post at Bhatkal was notified to follow up on the passenger’s well-being during her journey. The student, fortunately, reached her destination without further incident.

The heroic rescue was captured on CCTV and has since gone viral on social media, earning widespread praise. In recognition of her bravery, Regional Railway Manager (RRM) Karwar awarded Constable Aparna a cash reward of ₹5,000, commending her quick action that averted a potentially tragic accident.

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coastaldigest.com news network
September 7,2024

foodstreet.jpg

Mangaluru: The bustling coastal city of Mangaluru is about to get a vibrant makeover with the introduction of food streets in three prime locations, courtesy of the Dakshina Kannada district administration, Mangaluru City Corporation (MCC), and Mangaluru Smart City Limited (MSCL). 

These food streets aim to infuse the city's social and cultural life with new energy, while providing residents and visitors a tantalizing array of culinary delights.

The first food street, soon to be unveiled, is set to light up the area near Mangala Stadium, where around 27 food stalls will offer a range of delicious treats. According to Mayor Sudheer Shetty Kannur, the project will be spearheaded by the MSCL, which has already identified two more locations for additional food streets across the city.

“Stalls will be set up on land belonging to the Department of Youth Empowerment and Sports, right next to Mangala Stadium,” shared the Mayor. Deputy Commissioner Mullai Muhilan MP has instructed MSCL to execute the project via a tender process. Following the completion of civil works, eligible bidders will be allotted food stalls. Other food streets will come up near Mahaveer Circle (Pumpwell) and at Sharbathkatte near Karnataka Polytechnic, bringing the city’s favorite street foods closer to even more neighborhoods.

Pradeep D’Souza, Deputy Director of Youth Empowerment and Sports, confirmed that work has already begun near Mangala Stadium. 

“The MSCL is making swift progress under the guidance of the Deputy Commissioner. The designated land lies between Karavali Utsav Maidan and Mangala Stadium, with permanent shops on one side and the food street to be developed on the other. The area will be equipped with essential amenities, including drinking water, electricity, and proper drainage. Cleanliness and organization will be prioritized, ensuring a welcoming atmosphere that can draw large crowds,” he said. The project is moving quickly, with completion expected in the near future.

Once completed, these food streets will not only enhance Mangaluru's charm but also provide a fresh destination for food lovers to gather, explore, and savour the diverse flavours of the city.

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