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




$1,200 Cap­ita­Vouch­er




$600 Cap­ita­Vouch­er




$400 Cap­ita­Vouch­er




The qual­i­fy­ing policies are as fol­lows:

  6. VIVOCARE 100
  9. VIVOLIFE 125/180/350
  18. ITERM
  22. LADY 360


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 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.

$1,000 cashback for Singaporean fresh graduate

Good news to the recent loc­al gradu­ates! You will get $1,000 cash­back if you apply for any reg­u­lar premi­um policy with annu­al premi­um of at least $2,000 from 20 July 2015 till 31 Decem­ber 2015.

You must be a Singa­pore Cit­izen and gradu­ated from any of the Singapore’s Insti­tute of Tech­nic­al Edu­ca­tion, Poly­tech­nics, or Uni­ver­sit­ies, from gradu­ation year of 2012 or later.

But do note that this pro­mo­tion is applic­able to the first 6,600 applic­able policies issued by NTUC Income. The $1,000 cheque will be mailed to the poli­cy­hold­er with­in 45 days, one year after the policy is issued and one year premi­um has been fully paid.

New Cancer Protect Term Insurance from NTUC Income

Can­cer Pro­tect is a reg­u­lar premi­um non-par­ti­cip­at­ing term insur­ance plan which provides cov­er­age for early stage and advanced stage of major can­cers. It also offers pro­tec­tion against death (non-acci­dent­al) and acci­dent­al death.

Sum Assured is fixed at $50,000, $80,000 and $100,000. The min­im­um entry age is 30 years (last birth­day) and the max­im­um entry age is 64 years (last birth­day).

It is guar­an­teed renew­al every 10 years and the policy can be renewed up till age 84.

Can­cer Pro­tect cov­ers:-

  • Early-stage can­cer – 25% of the sum assured. Only pay once only, even if the policy is renewed.
  • Advanced stage can­cer — 100% of the sum assured if we have already paid a claim on early stage of major can­cers bene­fit. 125% of the sum assured if no early stage can­cer claim.
  • Non-acci­dent­al death — 100% of the total premi­ums paid if death hap­pens with­in one year from the cov­er start date; or $5,000 if death hap­pens after one year from the cov­er start date.
  • Acci­dent­al death
    • Age 69 and below, 100% of sum assured or 30% of sum assured if per­form­ing restric­ted activ­ity at time of acci­dent.
    • Age 70 and above, 100% of the total premi­ums paid if death hap­pens with­in one year from the cov­er start date; or $5,000 if death hap­pens after one year from the cov­er start date.

How­ever, if the cause of acci­dent­al death is excluded, only 100% of the total premi­ums paid if death hap­pens with­in one year from the cov­er start date; or $5,000 if death hap­pens after one year from the cov­er start date. This bene­fit is pay­able only if death hap­pens with­in 365 days of the acci­dent.

You can find the detailed cov­er­age in the Policy Con­di­tion doc­u­ment here at http://www.income.com.sg/forms/insDocument/CancerProtect.pdf.