New NTUC Income Mortgage Term

NTUC Income has just launched a new term insur­ance called, Mort­gage Term. This is to replace the old Mort­gage Pro­tec­tion Plan, with added cov­er­age for ter­min­al ill­ness and a new loan interest rate of 1%-7%.

More import­antly, the premi­um rates are more com­pet­it­ive and you do not need any mort­gage loan doc­u­ment to buy this insur­ance plan. There­fore, it can be treated as decreas­ing term insur­ance, with the pro­tec­tion value decreases yearly at the selec­ted interest rate till zero pro­tec­tion at the policy end date. The premi­um pay­able is the total policy years minus 2 years.

New Retirement Plan, RevoRetire, with Disability Care Benefit from NTUC Income

NTUC Income has just launched a new retire­ment plan, RevoRe­tire, togeth­er with first-in-the-mar­ket cov­er­age for Dis­ab­il­ity Care Bene­fit that doubles your monthly cash bene­fit pay­out dur­ing your retire­ment!

RevoRe­tire is a reg­u­lar premi­um par­ti­cip­at­ing endow­ment plan that allows you to start sav­ings reg­u­larly now for your planned retire­ment in 10/15 years’ time or at age 50, 55, 60 or 65 Last Birth Date (LBD). And you will get the reg­u­lar retire­ment pay­out for the next 10, 20 or 30 years. RevoRe­tire is guar­an­teed accept­ance without the hassle of med­ic­al check-up. You will also enjoy free death pro­tec­tion of 105% premi­um paid-to-date plus 100% of the ter­min­al bonuses! If it is acci­dent­al death before age 70, an addi­tion­al 105% of the premi­um paid-to-date on top of the death bene­fit will be paid out too. You are eli­gible to apply if you are 65 years old and below.

New bene­fit, Dis­ab­il­ity Care Bene­fit, is intro­duced in this plan. It cov­ers Loss of use of one limb, Loss of sight of one eye, Loss of speech, Loss of hear­ing.

RevoRe­tire is divided into 2 phases, i.e. Accu­mu­la­tion Peri­od and a Pay­out Peri­od.

  • Accu­mu­la­tion Peri­od = 10 or 15 years or the chosen Retire­ment Age (up to age 50/55/60/65 LBD)
  • Pay­out Peri­od = choice of 10, 20 or 30 years

Dur­ing the Accu­mu­la­tion Peri­od, you can choose to pay for 5 years, 10 years or pay reg­u­larly dur­ing the Accu­mu­la­tion Peri­od minus five years. So if the Accu­mu­la­tion Peri­od is 25 years, you just need to pay for 20 years and start get­ting the reg­u­lar pay­out from the 25th year onwards. If there is a claim on Dis­ab­il­ity Care Bene­fit, this plan will pay a lump sum of six times the monthly cash bene­fit. All future premi­um will be waived.

Dur­ing Pay­out Peri­od when you are receiv­ing the monthly income (guar­an­teed cash bene­fit plus non-guar­an­teed cash bonus), you can still choose to

  • Depos­it the monthly income with NTUC Income at the cur­rent 3.5% p.a.. This is a depos­it account and you can with­draw any­time if you need to.
  • Receive it as your monthly retire­ment income.

If there is a claim on Dis­ab­il­ity Care Bene­fit, this plan will pay an addi­tion­al one month of the cash bene­fit, on top of the monthly cash bene­fit that is paid out dur­ing the whole pay­out peri­od. The max­im­um addi­tion­al cash bene­fit pay­able for this Dis­ab­il­ity Care Bene­fit is capped at $3,000.

NTUC Income “Towards a Better Future” Regular Premium Promotion

NTUC Income has launched TOWARDS A BETTER FUTURE pro­mo­tion from 13 Feb­ru­ary 2017 to 31 March 2017.

Cus­tom­ers who suc­cess­fully sub­mit their new applic­a­tion for Reg­u­lar Premi­um Life Policies includ­ing any applic­able rider(s) between 13 Feb­ru­ary to 31 March 2017 (inclus­ive of both dates), and their policies issued not later than 31 May 2017, will be entitled to a gift as set out in the rel­ev­ant tiers below.

Min­im­um monthly premi­um Premi­um pay­ment term of 10 years and above Premi­um pay­ment term of 5 to 9 years
$1,800 Cap­ita­Vouch­er

$1500

Cap­ita­Vouch­er

$750

$1,200 Cap­ita­Vouch­er

$750

Cap­ita­Vouch­er

$300

$600 Cap­ita­Vouch­er

$300

Cap­ita­Vouch­er

$100

$400 Cap­ita­Vouch­er

$100

N.A.

 

The qual­i­fy­ing policies are as fol­lows:

  1. LIMITED PAY REVOSAVE
  2. REVOSAVE
  3. CANCER PROTECT
  4. VIVOCHILD
  5. ENDOWMENT
  6. VIVOCARE 100
  7. FAMILY INSURANCE PLAN
  8. REVOSECURE
  9. VIVOLIFE 125/180/350
  10. MORTGAGE PROTECTION PLAN
  11. PROTECTION
  12. LIMITED PREMIUM PROTECTION
  13. FLEXRETIRE
  14. SENIOR PLAN
  15. DREAMSAVER
  16. SILVER PROTECT
  17. SILVER SECURE
  18. ITERM
  19. VIVOLINK
  20. VIVALINK
  21. VIVOCASH
  22. LADY 360
  23. TERMLIFE SOLITAIRE

 

Terms and Con­di­tions 

  1. Qual­i­fy­ing policies for this Pro­mo­tion are Reg­u­lar Premi­um Life Policies includ­ing any applic­able rider(s) (the “Qual­i­fy­ing Policies”).
  2. Applic­a­tions for the Qual­i­fy­ing Policies must be sub­mit­ted and received by Income from 13 Feb­ru­ary to 31 March 2017 (inclus­ive of both dates) (the “Pro­mo­tion Peri­od”) and, if the applic­a­tions are approved, the policies must be issued not later than 31 May 2017 for the cus­tom­er to be eli­gible for the Pro­mo­tion.
  3. A cus­tom­er who suc­cess­fully signs up for a Qual­i­fy­ing Policy will be entitled to the cor­res­pond­ing Cap­ita­Vouch­ers (“Vouch­ers”) as set out in the table above.
  4. Adding togeth­er premi­um amounts from mul­tiple policies, or divid­ing the premi­um amount inten­ded for a single policy into premi­um amounts for mul­tiple policies under the same plan type, to qual­i­fy for the Vouch­ers is not allowed.
  5. Cus­tom­ers are entitled to receive the Vouch­ers only once, upon the issu­ance of the rel­ev­ant policies. Sub­sequent increase in sum assured or premi­ums, top-ups or applic­a­tions for riders, even if made dur­ing the Pro­mo­tion Peri­od, for such policies will not entitle the cus­tom­ers to any addi­tion­al Vouch­ers. For avoid­ance of doubt, cus­tom­ers with any Reg­u­lar Premi­um Life Policies includ­ing any rider(s) issued, wheth­er before or dur­ing the Pro­mo­tion Peri­od and wheth­er with any Vouch­ers enti­tle­ment, who sub­sequently increase their sum assured or premi­um, top-ups or apply for riders dur­ing the Pro­mo­tion Peri­od will not be entitled to any Vouch­ers under this Pro­mo­tion.
  6. At least 1 month’s premi­um for the Qual­i­fy­ing Policies must be paid upfront and received by Income dur­ing the Pro­mo­tion Peri­od for a cus­tom­er to be eli­gible for this Pro­mo­tion.
  7. Income reserves the right to demand from the cus­tom­er the full value of the Vouch­ers for Qual­i­fy­ing Policies which are issued but ter­min­ated or lapsed with­in 6 months from the policy issue date by the cus­tom­er, and the cus­tom­er shall imme­di­ately pay Income such amount deman­ded. The full value refers to the stated worth price or the face value of the Vouch­ers.
  8. Income will issue a redemp­tion let­ter for the Vouch­ers to eli­gible cus­tom­ers 1 month after the policy issue date, provided that the policy is inforce as of that date. The redemp­tion let­ter will be mailed to cus­tom­ers at their address registered with Income. The cus­tom­er must bring along the redemp­tion let­ter for the Redemp­tion of the Vouch­ers and the Vouch­ers must be col­lec­ted with­in the redemp­tion peri­od spe­cified in the redemp­tion let­ter. Fail­ing which, the cus­tom­er shall be deemed to have for­feited his/her right to the Vouch­er and no com­pens­a­tion will be giv­en or paid in lieu.
  9. The Vouch­ers are not exchange­able for cash or any bene­fits-in-kind.
  10. Income reserves the right to replace the Vouch­ers with items of sim­il­ar value or change the terms and con­di­tions for this Pro­mo­tion at any time without pri­or notice to the cus­tom­er.
  11. This Pro­mo­tion does not affect or change any term of the policy con­tract for the Qual­i­fy­ing Policies and is not val­id in con­junc­tion with oth­er incent­ives and pro­mo­tions offered by Income.
  12. Income’s decision on all mat­ters relat­ing to this Pro­mo­tion (includ­ing the issu­ance of the vouch­ers) shall be final, con­clus­ive and bind­ing. No appeal will be enter­tained.
  13. Under no cir­cum­stance shall Income be liable to any cus­tom­er or party, wheth­er in con­tract or tort (includ­ing neg­li­gence) or oth­er­wise, for any liab­il­it­ies, losses and dam­ages, claims, costs and expenses (includ­ing any spe­cial or con­sequen­tial dam­ages or losses) in con­nec­tion with, related to or res­ult­ing from this Pro­mo­tion and/or use of the Vouch­ers.
  14. Usage of the Vouch­ers is sub­ject to terms and con­di­tions imposed by the mer­chant.
  15. Income is not the man­u­fac­turer or mer­chant of the Vouch­ers or any Replace­ment Item, and provides no war­ranty in respect of it. Income shall not be respons­ible for all war­ranties, expressed or implied, includ­ing implied war­ranties of mer­chant­ab­il­ity, and fit­ness for a par­tic­u­lar pur­pose and against infringe­ment of intel­lec­tu­al prop­erty rights in respect of the Vouch­ers or any Replace­ment Item.
  16. No joint ven­ture, spon­sor­ship, tie up, agency or any oth­er rela­tion­ship is inten­ded or cre­ated between Income and mer­chants or man­u­fac­tur­ers of the Vouch­ers or replace­ment items. Neither is this Pro­mo­tion inten­ded or deemed to be a con­nec­tion with or use of the brand name of mer­chants or replace­ment item(s).

The pre­cise terms, con­di­tions and exclu­sions of these plans are spe­cified in their respect­ive policy con­tract. All our products are developed to bene­fit our cus­tom­ers but not all may be suit­able for your spe­cif­ic needs. If you are unsure if this plan is suit­able for you, we strongly encour­age you to speak to a qual­i­fied insur­ance adviser. Oth­er­wise, you may end up buy­ing a plan that does not meet your expect­a­tions or needs. As a res­ult, you may not be able to afford the premi­ums or get the insur­ance pro­tec­tion you want. Buy­ing a life insur­ance plan is a long-term com­mit­ment on your part. If you can­cel your plan pre­ma­turely, the cash value you receive can be sub­stan­tially less than the premi­ums you have paid for the plan.

Inform­a­tion is cor­rect as of 13 Feb­ru­ary 2017

New savings and protection plans from NTUC Income

NTUC Income has just launched two new insur­ance plans, Term­Life Solit­aire and Lim­ited Premi­um Revosave with bet­ter cov­er­age and lower premi­um, for insured up to 75 years old.

Term Insur­ance

Term­Life Solit­aire is a reg­u­lar premi­um term insur­ance that will cov­er the insured (age 74 last birth date or below) against Death and Ter­min­al Ill­ness for at least $1 mil­lion, up to a max­im­um age of 100 years old. The pro­tec­tion value is con­stant through­out the years of cov­er­age as it is not entitled to any bonus declared by NTUC Income. There is no cash value at any point in time since this is a pure pro­tec­tion plan. For sum assured of $1,500,000 and below, there is no med­ic­al exam­in­a­tion required!

There are 5 riders that can be added to this plan:-

  1. Dis­ab­il­ity Accel­er­at­or – cov­ers Total and Per­man­ent Dis­ab­il­ity (TPD) before age 70 with min­im­um sum assured of $1,000,000.
  2. Dread Dis­ease Accel­er­at­or – cov­ers the 39 dread dis­eases with min­im­um sum assured of $500,000.
  3. Dread Dis­ease Premi­um Waiver – waive future premi­um when poli­cy­hold­er is dia­gnosed with dread dis­ease.
  4. Pay­or Premi­um Waiver – waive future premi­um when poli­cy­hold­er dies or is dia­gnosed with TPD.
  5. Enhanced Pay­or Premi­um Waiver — waive future premi­um when poli­cy­hold­er dies or is dia­gnosed with TPD or crit­ic­al ill­ness.

 

Lim­ited Pay Revosave

Lim­ited Pay Revosave is a reg­u­lar sav­ings plan that provides a very good altern­at­ive to sav­ings in a bank. Not only it offers bet­ter interest rate, it 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 through­out the cov­er­age! If it is acci­dent­al death or TPD before age 70, an addi­tion­al 100% of the sum assured on top of the death/TPD bene­fit will be paid out too. You are eli­gible to apply if you are 75 years old and below.

This is how Lim­ited Pay Revosave works.

1) You save a fixed sum of money to NTUC Income for 3,5,10 or 15 years.

2) At the end of second year, NTUC Income will return part of the premi­um back (5% of the 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.

4) The policy will end at the chosen policy term of 10, 15,20 or 25 years. All matur­ity pro­ceeds will be paid out, togeth­er with the cash­back and interest earned in the depos­it account.

New insurance plans for ladies and pregnant women

NTUC Income has just launched anoth­er 2 plans spe­cially designed for the women.

Lady 360 provides cov­er­age for spe­cif­ic female ill­nesses, and sur­ger­ies as well as post dia­gnos­is sup­port and bien­ni­al health screen­ing.

Mater­nity 360 is spe­cific­ally designed to provide cov­er­age for an expect­ant moth­er between 13 weeks to 35 weeks of preg­nancy who suf­fers from preg­nancy com­plic­a­tions, is hos­pit­al­ized due to child­birth com­plic­a­tions or dies.  Her child is covered if dia­gnosed with con­gen­it­al ill­nesses, admit­ted to an intens­ive care unit or high depend­ency unit of a hos­pit­al or dies.

Lady 360

Lady 360 is a non-par­ti­cip­at­ing, reg­u­lar premi­um plan spe­cific­ally designed to meet the pro­tec­tion needs of women who are from 15 to 59 years old. It provides cov­er­age for death, spe­cif­ic female ill­nesses, and sur­ger­ies as well as post dia­gnos­is sup­port and bien­ni­al health screen­ing for the insured up to age 64 years old. The min­im­um sum assured is $25,000 and the max­im­um is $100,000, and it can be increased in mul­tiples of $1,000.

The bene­fits include:-

  • Female Ill­nesses Bene­fit

100% Sum Assured – Chron­ic autoim­mune hep­at­it­is; Malig­nant can­cer of female sites; Rheum­at­oid arth­rit­is; SLE with lupus neph­rit­is.

50% Sum Assured – Car­cinoma in situ of female sites; Osteo­porot­ic frac­tures of the hip and ver­tebra requir­ing sur­gery or repair.

  • Waiver of premi­um Bene­fit – Upon suc­cess­ful claim of Female Ill­nesses Bene­fit, premi­um will be waived for 24 months or till end of policy term, whichever is earli­er.
  • Female Sur­ger­ies Bene­fits

50% of Sum Assured – Rad­ic­al vul­vec­tomy; Wertheim’s oper­a­tion; Uter­us, total pel­vic exen­ter­a­tion

30% of Sum Assured – Breast lumpec­tomy – bilat­er­al; Mastec­tomy – bilat­er­al or uni­lat­er­al; Hys­ter­ec­tomy; Com­plic­ated repair of fis­tula

15% of Sum Assured – Breast lumpec­tomy – uni­lat­er­al; Urin­ary incon­tin­ence requir­ing sur­gery; Uter­ine pro­lapse requir­ing sur­gery; Thyroid dis­orders requir­ing sur­gery; Poly­cyst­ic ovari­an syn­drome requir­ing sur­gery.

  • Sup­port Bene­fit

100% Sum Assured -Recon­struct­ive sur­gery due to mastec­tomy fal­low­ing breast can­cer or car­cinoma in situ of the breast, malig­nant skin can­cer, acci­dent­al burns and acci­dent.

25% Sum Assured – Oocyte cryo­p­reser­va­tion bene­fit

15% of Sum Assured – Molecu­lar gene expres­sion pro­fil­ing test for treat­ment guid­ance for breast can­cer

5% Sum Assured – Out­pa­tient psy­chi­at­ric and hor­mone replace­ment ther­apy.

  • Care Bene­fit – Bien­ni­al Health Screen­ing and Lady 360 treats
  • Death Bene­fit - $10,000

Mater­nity 360

Mater­nity 360 is a 3-year non-par­ti­cip­at­ing, single premi­um plan spe­cific­ally designed to provide cov­er­age for an expect­ant moth­er and her child. The moth­er has to be from 17 to 44 years old and between the 13 weeks to 35 weeks of preg­nancy. Mater­nity 360 provides cov­er­age for the insured moth­er if she suf­fers from preg­nancy com­plic­a­tions, is hos­pit­al­ised due to child­birth com­plic­a­tions or dies. It also provides cov­er­age for the insured child if the insured child is dia­gnosed with con­gen­it­al ill­nesses, admit­ted to an intens­ive care unit or high depend­ency unit of a hos­pit­al or dies. The Sum Assured (S.A.) is between $5,000 and $10,000 and can increase in mul­tiple of $1,000.

Mother’s Bene­fit Table

Preg­nancy Com­plic­a­tion Bene­fits – Abrup­tio pla­centae; Acute fatty liv­er of preg­nancy; Amni­ot­ic flu­id embol­ism; Chori­ocar­cinoma and malig­nant hydatidi­form mole; Dis­sem­in­ated intravas­cu­lar coagu­la­tion; Ectop­ic preg­nancy; Pla­centa increta or per­creta; Post­partum haem­or­rhage requir­ing hys­ter­ec­tomy; Pre-eclamp­sia or eclamp­sia Still birth.

Hos­pit­al Cash Bene­fit - Inpa­tient psy­chi­at­ric treat­ment; Post-nat­al anaemia; Puer­per­al pyr­ex­ia; Pul­mon­ary embol­ism; Repair of 4th degree per­neal tear; Sep­tic pel­vic throm­bophle­bit­is; Sur­gic­al site infec­tion or trans­fu­sion due to retained pla­centa fol­low­ing child­birth. 1% of Sum Assured per each day of hos­pit­al stay, up to 30% of S.A..

Death Bene­fit – 100% of Sum Assured will be pay­able.

 

Child’s Bene­fit Table

Con­gen­it­al Ill­nesses Bene­fits – Absence of two limbs; Anal atresia; Atri­al septal defect; Bil­i­ary atresia; Cereb­ral palsy; Cleft lip and cleft pal­ate; Club foot; Con­gen­it­al blind­ness; Con­gen­it­al catar­act; Con­gen­it­al deaf­ness; Con­gen­it­al dia­phrag­mat­ic her­nia; Con­gen­it­al hyper­troph­ic pylor­ic sten­os­is; Devel­op­ment dys­plasia of the hip; Down’s syn­drome; Infant­ile hydro­ceph­alus; Pat­ent duc­tus arteriosus; Ret­ino­pathy of pre­ma­tur­ity; Spina bifida; Tet­ra­logy of fal­lot; Trancheo-eso­pha­geal fis­tula or eso­pha­geal atresia; Trans­pos­i­tion of the great ves­sels; Trun­cus arteriosus; Ventricu­lar septal defect.

Hos­pit­al Cash Bene­fit – Bron­chit­is; Dengue haem­or­rhagic fever; Hand, foot and mouth dis­ease; Incub­a­tion imme­di­ately after birth for more than 3 con­sec­ut­ive days; Pho­to­ther­apy or bold trans­fu­sion for severe neonat­al jaun­dice; Pneu­mo­nia; Pre­ma­ture Birth. 1% of S.A. for each day of hos­pit­al stay, up to 30% of S.A..

Out­pa­tient Pho­to­ther­apy Bene­fit – Pho­to­ther­apy treat­ment due to severe neonat­al jaun­dice. 1% of S.A. for each day of hos­pit­al stay, up to 30% of S.A..

Sim­pli­fied Applic­a­tion Bene­fit – Child can buy a new policy based on sim­pli­fied health declar­a­tion with­in 60 days after birth. Max­im­um S.A. is $150,000 and cur­rent eli­gible plans are Vivo­life, Viv­alink, Revosave, VivoC­hild.

Death Bene­fit – 100% of Sum Assured will be pay­able.

New Senior Disease Insurance Plan, Silver Secure, from NTUC Income

NTUC Income has just timely launched a new insur­ance plan, Sil­ver Secure, to provide monthly pay­out till 100 years old when insured is dia­gnosed with any of the 8 defined seni­or dis­eases that are likely to plague the Singa­pore aging pop­u­la­tion in 2030 when we will have 1 in 4 Singa­por­eans aged 65 and above.

Sil­ver Secure is a non-par­ti­cip­at­ing, reg­u­lar premi­um plan that provides monthly pay­out till 100 years old for insured who are 40 to 74 years old and dia­gnosed with seni­or dis­eases. The bene­fits include:-

  • Seni­or Dis­ease Bene­fit – Inter­me­di­ate stage Alzheimer’s dis­ease or demen­tia; Inter­me­di­ate stage Parkinson’s dis­ease; Severe chron­ic obstruct­ive pul­mon­ary dis­ease (COPD); Amyotroph­ic lat­er­al scler­osis; Blind­ness (loss of sight); Kid­ney fail­ure; Major head trauma; Para­lys­is (loss of use of limbs).
  • Sup­port Bene­fit – Upon suc­cess­ful claim of Seni­or Dis­ease Bene­fit, a lump sum amount equal to six time of the monthly bene­fit will be pay­able. This bene­fit can be claimed once only.
  • Premi­um Waiver Bene­fit — Upon suc­cess­ful claim of Seni­or Dis­ease Bene­fit, premi­um will be waived until the policy ends.
  • Spe­cial Bene­fit – Upon dia­gnos­is of the insured with any of the con­di­tions covered under the Spe­cial Bene­fit dur­ing the term of the policy, a lump sum equal to 3 times the monthly bene­fits will be pay­able (cap at $6,000). This bene­fit can be claimed once only.
  • Care Bene­fit – Sil­ver Secure provides insured with care bene­fits through a list of pre­ferred health­care pro­viders such as 10% off Home Care ser­vices from NTUC Health, 12% off Long Term Home Care Pack­ages from Tet­suyu Home­care.
  • Death Bene­fit – 100% of total premi­um will be refun­ded if death occurs with­in one year, oth­er­wise, $10,000 will be pay­able.

Con­di­tions covered under the Spe­cial Bene­fit are:

Move­ment – Osteoarth­rit­is requir­ing sur­gery; Osteo­poros­is with frac­tures requir­ing sur­gery; Rheum­at­oid arth­rit­is with joint deform­ity.

Sens­ory — Age-related mac­u­lar degen­er­a­tion with visu­al impair­ment; Glauc­oma requir­ing sur­gery; Severe pres­by­cus­is (age-related hear­ing loss)

Urin­ary dis­orders – Benign pro­stat­ic hyper­plasia requir­ing sur­gery; Stress urin­ary incon­tin­ence requir­ing sur­gery or pro­ced­ure

Oth­er dis­orders – Varicose veins requir­ing sur­gery; Severe obstruct­ive requir­ing sur­gery; Out­pa­tient psy­chi­at­ric con­di­tion due to loss of spouse or child.

The min­im­um monthly bene­fit is $500, up to $10,000 per life, in mul­tiples of $100.

NTUC Income New Asian Bond Fund with monthly payout features

NTUC Income has launched a new fund, Asi­an Bond Fund that intends to dis­trib­ute monthly dividend pay­out of 4.5%-5.5% per annum.

The Asi­an Bond Fund aims to provide a medi­um to long-term rate of return by invest­ing mainly in Asi­an Fixed Income Secur­it­ies. The sub-fund is inves­ted in the Black­Rock Glob­al Funds- Asi­an Tiger Bond Fund A6 SGD Hedged Share Class (the under­ly­ing fund).

The under­ly­ing fund will invest at least 70% of its total assets in the fixed income trans­fer­able secur­it­ies of issuers dom­i­ciled in, or exer­cising the pre­dom­in­ant part of their eco­nom­ic activ­ity in, Asi­an Tiger coun­tries (i.e. South Korea, the People’s Repub­lic of China, Taiwan, Hong Kong, the Phil­ip­pines, Thai­l­and, Malay­sia, Singa­pore, Viet­nam, Cam­bod­ia, Laos, Myan­mar, Indone­sia, Macau, India and Pakistan). The under­ly­ing fund may also invest in the full spec­trum of avail­able secur­it­ies, includ­ing non-invest­ment grade. It may use fin­an­cial deriv­at­ive instru­ments for effi­cient port­fo­lio man­age­ment or to hedge mar­ket, interest rate and cur­rency risk.

The sub-fund offers a monthly pay­out fea­ture and intends to provide a monthly dis­tri­bu­tion with effect from 27 May 2016. The Man­ager intends to pay the dis­tri­bu­tion with­in 45 days from the declar­a­tion date. The declar­a­tion date is set on the 3rd last busi­ness day of every month. The declar­a­tion date is sub­ject to review and the Man­ager has the sole dis­cre­tion to determ­ine the rate and fre­quency of the dis­tri­bu­tion. Dis­tri­bu­tions are not guar­an­teed and can be made out of income, cap­it­al gains, and/or cap­it­al of the sub-fund.

More import­antly, NTUC Income will guar­an­tee 105% of the invest­ment amount or cash value, whichever is high­er, in the event of untimely death or Total Per­man­ent Dis­ab­il­ity (TPD before age 70) before age 65. After age 65, it is 100% of the invest­ment amount or cash value, whichever is high­er, in the event of untimely death. This is on top of the monthly with­draw­al of the dividends over the years.

The min­im­um single premi­um to invest is $10,000.

Fund Man­ager: NTUC Income

Sub-Invest­ment Man­ager: Black­Rock (Lux­em­bourg) S.A.

Ini­tial Sales Charge: 3% (For single premi­um and top-up)

Annu­al Man­age­ment Fee: 1% p.a.

Annu­al Policy Fee from 2nd year onwards: $50, waive if invest­ment amount is $25,000 and above.

For example, below is the hypo­thet­ic­al illus­tra­tion of how the dividend will be cal­cu­lated.

Invest­ment $100,000
Offer Price $1
Num­ber of units $100,000/$1 = 100,000
Dividend Rate $0.004053 per unit
Dividend pay­able 100,000*0.004053 = $405.30

Sub­scrip­tion Meth­od: Cash/SRS

Asi­an Bond Fund Factsheet is here at http://www.income.com.sg/fund/pdf/2016/asianbond(may).pdf

Asi­an Bond Fund Product High­light Sheet is here at http://www.income.com.sg/fund/phs/2016/asianbond(dec).pdf

New Personal Accident insurance for riding bicycle and personal mobility device

NTUC Income has just launched a new insur­ance plan, Per­son­al Mobil­ity Guard, to cov­er acci­dent­al death or per­man­ent dis­ab­il­ity, med­ic­al expenses and per­son­al liab­il­it­ies due to acci­dents while rid­ing a bicycle or a per­son­al mobil­ity device.

The table of bene­fits are as fol­lows:

Bene­fit Sum Insured
Per­son­al acci­dent (per policy year) $200,000
Med­ic­al Expenses for injury due to an acci­dent (Per acci­dent) $2,500 (Excess : $100 per acci­dent)
Per­son­al Liab­il­ity (per policy year) $1,000,000

The yearly premi­um is $96, inclus­ive of GST. You will enjoy 30% off if you sign up before 30 June 2016.

Source : http://www.income.com.sg/insurance/home-lifestyle-insurance/personal-mobility-guard

NTUC Income #StartRetiring Consumer Promotion

NTUC Income has launched “#StartRe­tir­ing Con­sumer Pro­mo­tion” from 1 April 2016 to 31 May 2016.

Cus­tom­ers who suc­cess­fully sub­mit their Reg­u­lar Premi­um Life Policies includ­ing any applic­able rider(s) between 1 April and 31 May 2016 (inclus­ive of both dates), and their policies issued not later than 31 July 2016, will be entitled to a gift as set out in the rel­ev­ant tiers below.

Min­im­um monthly premi­um Premi­um pay­ment term of 10 years and above Premi­um pay­ment term of 5 to 9 years Premi­um pay­ment term of 3 to 4 years
$1,800 Cap­ita­Vouch­er

$1650

Cap­ita­Vouch­er

$800

Cap­ita­Vouch­er

$450

$1,200 Cap­ita­Vouch­er

$750

Cap­ita­Vouch­er

$350

PHILIPS Air Pur­i­fi­er worth $279
$500 Cap­ita­Vouch­er

$250

PHILIPS Slow Juicer worth $229 N.A.
$250 Cap­ita­Vouch­er

$50

N.A. N.A.

 

The qual­i­fy­ing policies are as fol­lows:

  1. LIMITED PAY REVOSAVE (3-PAY-10)
  2. LIMITED PAY REVOSAVE (5-PAY-10)
  3. REVOSAVE
  4. LIMITED PAY REVOSAVE
  5. CANCER PROTECT
  6. VIVOCHILD
  7. ENDOWMENT
  8. VIVOCARE 100
  9. FAMILY INSURANCE PLAN
  10. REVOSECURE
  11. VIVOLIFE 125/180/350
  12. MORTGAGE PROTECTION PLAN
  13. PROTECTION
  14. LIMITED PREMIUM PROTECTION
  15. FLEXRETIRE
  16. SENIOR PLAN
  17. DREAMSAVER
  18. SILVER PROTECT
  19. ITERM
  20. VIVOLINK
  21. VIVOCASH

Terms and Con­di­tions can be found at http://www.income.com.sg/promotions/life-insurance/start-retiring-promotion#main

New Cancer Waiver Rider (Guaranteed Acceptance) from NTUC Income

NTUC Income has just launched a new Can­cer Premi­um Waiver (GIO) (WPV10), which is a non-par­ti­cip­at­ing, reg­u­lar premi­um rider that waives future premi­ums on the policy for the remain­ing term of the rider upon dia­gnos­is of the insured with any one of the major can­cers after one year from the cov­er start date and dur­ing the term of the rider.

In addi­tion, applic­a­tion for this rider is hassle-free and accept­ance is guar­an­teed. There is no need for any med­ic­al check-up*.

This rider is avail­able to spe­cified GIO plans and can be attached to both first and third-party policies at policy incep­tion.

The list of GIO plans Can­cer Premi­um Waiver (GIO) rider is attach­able to:
1.       Lim­ited Pay RevoSave (ANRP)
2.       Lim­ited Pay RevoSave 3-Pay-10 (ANRV)
3.       Lim­ited Pay RevoSave 5-Pay-10 (ANRE)
4.       FlexRe­tire (FRR)
5.       Revo­Se­c­ure (RVGG)
6.       VivoC­ash (VCGL)

* If Insured had con­sul­ted a doc­tor for, suffered symp­toms of, was invest­ig­ated for, was dia­gnosed with, or received med­ic­al treat­ment for any caner, includ­ing car­cinoma-in-situ, before the cov­er start date, no bene­fit will be paid under the Can­cer Waiver Rider, and the rider will be ter­min­ated.