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 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.