ING Life India has introduced a new child insurance product ING Aashirvad that helps parents plan for child’s future.

ING Life India, a part of the ING Group, said that the new product built on a traditional platform, has four guarantees that include guarantee of maturity value decided by parent, death benefit, guarantee of policy and coverage for child after the maturity of the policy.

ING Life India chief distribution officer Rahul Agarwal said that ING Aashirvad is a unique product designed for parents who wish to do more for their children than just plan for their future.

“Our new child product helps them fulfil this responsibility of providing their child with the required funds for education, marriage or any other milestone. In addition, after the payout of the maturity, the policy protects the child at no additional cost,” Agarwal said.