MINNEAPOLIS, Oct. 12 /PRNewswire/ -- The ING Life Companies launched today its first-ever Executive Benefits and Business Planning Symposium for life insurance producers and distributors. The two-day program offers practical topics to help the participants who want to expand their business in this segment of the market. "When it comes to business planning, we're in a different game today. We are in the midst of a paradigm shift. Businesses are under more pressure to reduce costs and meet expectations. This could include retaining key associates or development of a supplemental retirement plan. Even experienced producers have found that the environment and rules of the game have changed...
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Sale is next major step in divestment of Asian insurance/investment management units ING to receive total cash proceeds of approx. KRW 1.84 trillion (EUR 1.24 billion) ING to hold an indirect stake of around 10% in ING Life Korea for approx. EUR 80 million Transaction result expected to be approx. EUR -950 million Under the terms of the agreement, ING will hold an indirect stake of approximately 10% in ING Life Korea for an amount of KRW 120 billion (EUR 80 million at current exchange rates). ING has also reached a licensing agreement that will allow ING Life Korea to continue to operate under the ING brand for a maximum period of five years. In addition, over the course of one year, ING...
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ING Groep NV history, profile and history video ING Groep NV provides banking, investments, life and non-life insurance, and retirement and asset management services to individuals, families, small businesses, large corporations, institutions, and governments. The company operates in the following business segments: Retail Netherlands, Retail Belgium, Retail CE (Central Europe), Retail Asia, ING Direct, Commercial Banking, ING Real Estate, Insurance Benelux (Belgium, Netherlands, and Luxembourg), Insurance CRE (Central and Rest of Europe), Insurance U.S. (United States), Insurance U.S. Closed Block VA, Insurance Latin America, Insurance Asia/Pacific, ING IM (Investment Management),...
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Exide Industries, which owns 50 per cent of ING Vysya Life Insurance Co, plans to buy the balance stake from the other shareholders, for about Rs 550 crore. It now plans to bring in a fresh foreign partner in the life insurance venture. The lead-acid battery maker today informed the stock exchanges, after an emergency board meeting in Mumbai, that it would buy the remaining equity capital in the insurance company. Investment option This would be 26 per cent from ING Group, 16.32 per cent from the Hemendra Kothari group and 7.68 per cent from the Enam group. Exide had bought the stake in ING Vysya Life Insurance Co (IVL) in 2005 as an “investment” option. While Exide officials were not...
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Voya, formerly ING, is a global financial institution of Dutch origin, currently offering banking, investments, life insurance and retirement services to meet the needs of a broad customer base. Going forward, we will concentrate on our position as an international retail, direct and commercial bank, while creating an optimal base for an independent future for our insurance operations (including investment management) In the U.S., the ING family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes annuities, retirement plans, life insurance, mutual funds, managed accounts, alternative investments, direct banking, institutional...
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ING Life Insurance sells coverage as Voya Financial and provides group term and permanent life insurance options to businesses. The company also offers multiple riders, has fewer complaints than the average competitor, and is rated an A by A.M. Best. Let’s look deeper into ING Life Insurance. Does ING Life Insurance have competitive rates? The cost of coverage is a primary factor when choosing a life insurance company. Multiple factors impact the cost of coverage, with high-risk customers receiving the highest rates. Factors used to determine rates include: Personal health history The best way to determine the most cost-effective option is to compare multiple companies. For example, the...
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With the sale of 45.6 million shares of Voya Financial ( VOYA ), ING Group ( ING ) announced Wednesday that its exit from the U.S. retirement, investment and insurance business is complete. In January 2014, the Dutch State Treasury Agency, charged with liquidating the foreign assets of ING, announced the final auction for the remaining $2.1 billion in private mortgage bonds, removing it from the mortgage markets. What remained was a hodge-podge of the various aforementioned ventures. ING Group’s divestment of Voya began in May 2013, when ING Group first spun off ING U.S. and rebranded it as Voya. ING agreed to divest itself from Voya at the direction of the European Commission, as...
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ING LIFE INSURANCE COMPANY 20 Washington Avenue South In the U.S., the ING family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes annuities, life insurance, financial planning, and reinsurance. ING traces their roots back to 1885. Based in Amsterdam, ING Group offers banking, insurance and asset management to over 85 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of over 130,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand. ING is recognized as one of the largest companies in the world. Based...
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Life Insurance Expert There has never been a more interesting time to work at ING. We’re on a journey that’s centered around our customers, powered by technology and driven by smart, determined people. Our customers feel our people are empowering them to stay a step ahead in life and in business. We’re proud of that! Would you like to work for a bank where honesty, integrity and responsibility are valued? Are sustainability, caring for others and thinking ahead part of your DNA? Do you want to make the difference for our customers thanks to our agile way of working? Then read what comes because ING might very well become your future employer. As a Life Insurance Expert,...
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ING closes sale of Taiwanese life insurance business to Fubon Financial Holding ING closes sale of Taiwanese life insurance business to Fubon Financial Holding Amsterdam, 11 February 2009 ING announced today that it has closed the sale of its Taiwanese life insurance business to Fubon Financial Holding Co. Ltd. (“Fubon Financial Holding”), a leading diversified Taiwanese financial services company. As announced on 20 October 2008, the divestment is in line with ING’s strategy to actively manage its portfolio of businesses, allocating capital to those businesses that generate the highest return. Under the terms of the agreement, ING sold its Taiwanese life insurance...
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