The ING group has its headquarters in Amsterdam. It serves 85 million customers residing in over 40 countries. It deals in life insurance, banking, retirement products as well as investments. It has amongst its clients, individuals, corporates as well as institutional clients. ING is a relative newcomer in the field of insurance. It was set up in the year 1991 as it was the outcome of a merger between the NMB Postbank Group and the Nationale Nederlanden. ING is one of the biggest companies in the world. It is one among 20 largest institutions that deal in finance. The ING life insurance is a popular service that is patronized by millions.

ING is the fifth largest retirement and life insurance services provider in the United States. ING life insurance offers the Return of Premium (ROP) Term Life Insurance. Under this policy, if you outlive your insurance policy, you will receive all the premiums you paid over the years. Traditionally, if you were to buy a policy for a particular number of years, you had to pay fixed premium. If you didn’t die within that number of years, your contract ended and you did not receive anything. The ROP term life insurance policy returns all the premium money that you paid at the end of the specified term even if it was not paid during the term. No tax is applicable on the premium money you receive. Such a policy will be more expensive than the traditional one. Surcharges have to be paid according to your age as well as the duration of the term you wish for. You might have to pay at least 50% more than the traditional life insurance. The point to be noted is that if the term is long you will be paying less in terms of premiums. An ROP policy for 30 years would cost less at the end of the period than a 15 year policy. The long-term gives ING a lot of time to make money by investing the premiums you pay. So, you have to take into account the length of the term you are taking the policy for in order to get a quote. People who are sure that they will outlive their life insurance policy or feel they are wasting their money if they do not get death benefit will opt for the ROP policy. This insurance hedges your bets in spite of the circumstances.

ING life insurance offers the basic and the enhanced ROP policies. Under the basic scheme, you have to pay a lower rate for life insurance than the enhanced one as you will get back less if you surrender your policy early. Suppose you have ING’s ROP policy for a 15 year term but you surrender it in 10 years, you would receive only 30% of your premiums. But in case of the enhanced policy you would get back 60%. ING life insurance also offers many other interesting policies for the benefit of its clients.