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 Silver Protect to cover early stage cancer, fractures, hospice care and death

NTUC Income has launched another great term insur­ance plan “Sil­ver Pro­tect” spe­cially for those from 50 years to 74 years old to cover the following:-

  • Early stage can­cers — 25% of the sum assured upon dia­gnosis of an early stage can­cer. Sum assured will not be reduced by this payout.
  • Advanced stage can­cers — 100% of the sum assured upon dia­gnosis of an advanced stage can­cer. If there was no claim made for an early stage can­cer bene­fit, addi­tional 25% of the sum assured will be paid. All future premium pay­ments will be waived.
  • Acci­dental frac­tures — Up to 20% of the sum assured in the event of an acci­dental frac­ture. The amount of bene­fit pay­able is depend­ent on the site of the fracture.
  • Hos­pice care in the event of ter­minal can­cer — Up to 15% of the sum assured for hos­pice and pal­li­at­ive care in the event of ter­minal cancer.
  • Acci­dental death — 100% of the sum assured in the event of acci­dental death. If due to a restric­ted activ­ity, 30% of the sum assured will be paid instead.
  • Non-accidental death — $5,000 in the event of death not due to an acci­dent. If it hap­pens within one year from the cover start date, 100% of the total premi­ums paid will be refun­ded instead.

The sum assured offered are $50,000, $80,000 for $100,000 and renewal is guar­an­teed every 10 years till age 84. NTUC Income may provide cover even if you have exist­ing non-cancer related med­ical conditions.

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.