ING Insurance
ING Australia Limited (ING Australia) has been helping Australians grow and protect their wealth for over 120 years and is one of Australia’s leading fund managers, life insurers and superannuation providers. Internationally, ING Group has an even longer history in life insurance.
ING Australia is one of the leading providers of life insurance products in Australia. They offer a broad range of products that include life, trauma, total and permanent disability, income protection, business expense, living expense, child and Extra Care insurance. These enable individuals, families and businesses to protect their wealth, income and dependants.
From May 2002 until late 2009, ING Australia operated as a joint venture between Australia and New Zealand Banking Group Limited (ANZ), one of Australia’s major banks and the global ING Group (ING). ANZ recently purchased all of ING Group’s shareholding in ING Australia, and now owns 100% of the company. ING Australia now operates as ANZ’s Australian specialist wealth management and protection business.
ANZ is one of Australia’s largest companies and is among the top 50 banks in the world. ANZ has operations in 32 countries and has more than 40,000 staff servicing 8 million customers globally.
Although ING Australia is now owned by ANZ, ANZ have a license from ING to continue to use the ING brand for a period while they transition to a new brand – expected to be by late 2010. ANZ will work to make this transition as smooth as possible and minimize disruption for our customers.
During the transition there are likely to be changes to the names of companies, products, investment funds and investment options that are operated by ING Australia and its subsidiaries. Information about these changes and other transition updates will be available on the ING website.
ING owns a number of financial services providers such as:
- RI advice group
- Millenium3
- Financial services partners
- Super concepts
- Oasis
Source:
1. www.ing.com.au, 19/03/2010
2. ING Financial Services Guide, November 2009
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