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

NTUC Income temporary underwriting guidelines and Mooncake Fiesta

Pro­mo­tion One: High­er Non-med­ic­al lim­it
You can now insure yourselves with high­er sum assured without hav­ing to go for med­ic­al checkup. The high­er non-med­ic­al lim­it for the two age groups are as fol­lows:-

Age Last Birth­d­ate Sum Assured for Cur­rent Non-med­ic­al lim­it Tem­por­ary Sum Assured for Non-med­ic­al lim­it till 30 Septem­ber 2015
16 to 45 $600,000 $1,000,000
46 to 50 $350,000 $500,000

Please note that the aggreg­ate sum assured will be based on the cur­rent applic­a­tion togeth­er with those policies pur­chased over the last 3 years.

Pro­mo­tion Two : Waiver of extra premi­um up to 50% on Extra Mor­tal­ity
Applic­a­tions will be waived up to 50% load­ing Extra Mor­tal­ity for those sub­stand­ard cases due to declared med­ic­al con­di­tions. Apply now till 30 Septem­ber 2015 in order to be eli­gible for this wavi­er.

Pro­mo­tion Three : Moon­cake Fiesta
For new applic­a­tion of any NTUC Income insur­ance plans from 1 July 2015 to 31 August 2015, you will receive 1 box of tra­di­tion­al Halal cer­ti­fied moon­cake from Con­corde Hotel that con­tains 4 pieces of lotus, single yoke moon­cakes.
The cri­ter­ia are as fol­lows:-

Type of plan Min­im­um premi­um Eli­gib­il­ity after ful­filling min­im­um threshold
Reg­u­lar premi­um with 5 years pay­ment term $20,000 yearly No cap
Reg­u­lar premi­um with 3 years pay­ment term $33,334 yearly No cap
Reg­u­lar premi­um with at least 10 years pay­ment term $10,000 yearly No cap
Single Premi­um $100,000 lump sum No cap

Please note that the policy has to be issued by 7 Septem­ber 2015 in order to be eli­gible for this pro­mo­tion. Policies that are issued dur­ing the qual­i­fy­ing peri­od but free-looked, lapsed or sur­rendered before 7 Decem­ber 2015 will res­ult in non-qual­i­fic­a­tion and each box will be charged at $50.