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NTUC Income Maintains Payouts for Life Policies in 2009

Friday, 27 March 2009 08:00 Ginny Lim
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As a result of the bonus restructuring last year, NTUC Income is able to maintain yields and payouts for life policies in 2009, despite the financial crisis. This year, the restructuring will be extended to other participating policies.

The bonus rates for annuities have been moderated but a $1 million "Income Cares Fund" has been launched to help annuitants tide over the financial crisis.

For the full media release, please go to
www.income.com.sg/aboutus/releases/2009/mar27.asp

For Frequently Asked Questions, please go to
www.income.com.sg/aboutus/bonus/2009

Last Updated on Friday, 30 April 2010 06:04  

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Newsflash

NTUC Income pay out $415.5m bonus to policyholders , 30 Apr 2010

Insurer NTUC Income are pleased to declare an additional special anniversary bonus to complement your annual bonus. As well as a cash bonus1 for our long-standing policyholders.

Once again, NTUC Income has resolutely published thier yields for one reason – to be transparent.

 Actual Yield: Endowment

Policy Term For males & females, entry age: 25 years old, S$100 monthly premium2
Maturing in 2010 Average Maturity Yield (2006 - 2010)
20 5.47% 5.88%
25 5.95% 6.03%
30 5.90% 5.92%


Actual Yield: Whole Life

Gender Entry age: 30 years old with Sum Assured of S$50,000
At age 55 in 2010 Average Yield (2006 - 2010)
Male 4.72% 4.72%
Female 5.41% 5.41%

1 This cash bonus is paid out on your oldest policy, which must have been in force for at least 10 years as at 31 December 2009. If you are residing overseas, or if the policy has been placed under a trust or is under the care of the Official Assignee, this cash bonus will be credited to your policy to offset future premium payments; or if no premiums are payable, the cash bonus will be paid out when the policy matures, is surrendered or if a claim is made. This cash bonus is not included in the calculations for actual yield.

2 Yields are calculated based on annual premium equivalent to S$100 monthly. Yield calculations are audited by Towers Watson. Actual yields may not be indicative of future policy yields.
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