New Limited Premium Savings Plan from NTUC Income

NTUC Income has just launched a new short-term sav­ings plan, LP Revosave that only requires you to save for 5 years or 10 years.

You will be able to draw down cash­back of 5% of the Sum Assured from the end of second year onwards till matur­ity.

LP Revosave provides pro­tec­tion against death, Total per­man­ent Dis­ab­il­ity (Lost of sight, two legs etc.) regard­less of your cur­rent health. It is 100% guar­an­tee to be accep­ted. You will be covered for 105% of the premi­um paid for the first 3 years. From the begin­ning of 4th year, you will be totally covered with the Sum Assured, that means, full cov­er­age!

 This is how LP Revosave works.
 1) You save a fixed sum of money to NTUC Income for 5 or 10 years.

 2) At the end of second year, NTUC Income will return 5% of Sum Assured (called cash­back) to you. You can choose to
    a) Spend it.
    b) Save with us at cur­rent 3.5% per annum interest in Depos­it Account issued by Income

 3) At any point in time, you can with­draw the money from the Depos­it Account.