Private sector insurer ING Life today said it has launched two new products -- ING ACE Pension and ING ACE Life.

The two traditional plans of ING Life, launched in its 10th year of operation, offer guaranteed returns and tax benefits, the company said in a statement.

The ING ACE Pension plan offers customers a guaranteed return of 8.75 per cent throughout the 10-year term of the policy.

Besides, ING ACE Life offers a guaranteed return of 7.75 per cent or 7 per cent, depending on the premium paid, the statement said.

Both the plans are highly attractive for the customer, as customers need to pay premium for only 3 years in an annual mode and tax benefits, it added.

“I am delighted to launch ING ACE (both variants) which we believe will appeal to a lot of our customers looking for tax saving solutions in these months, apart from attractive additions,” ING Life Insurance.

Chief Marketing & Strategy officer Uco Vegter said.