NTUC Income Gro Cash Plus is a whole life endowment plan that helps you secure your financial future. Unlock a lifetime of cash payouts starting from the end of the 3rd policy year till age 120 while enjoying the assurance that your capital is guaranteed.
NTUC Income Gro Cash Plus product details
- Life policy – Endowment and Savings Policy
- Yearly Cash Payouts
- Receive a lifetime of cash payouts up to 6.59% of the sum assured from the end of the 3rd policy year till age 120
- Capital Guaranteed
- Capital is guaranteed from the end of 3rd policy year
- Secondary Life Assured
- Ensure wealth accumulation continuity with a secondary insured so your policy can continue in the event of the death
- Guaranteed option to buy life policy
- Guaranteed option to buy another life policy for additional coverage on the life of the original insured at a specified life event
- Death and Terminal Illness Coverage
- Be covered against Death and Terminal Illness the higher of 105% of all premiums paid or the guaranteed cash surrender value AND
- Non-Guaranteed Terminal Bonus AND
- Any reinvested payouts with interest less any paid out payouts
Read about: 3 Best Whole Life Endowment Savings Plans in Singapore (2024 Edition) *Updated*
Features of NTUC Income Gro Cash Plus at a glance
Cash and Cash Withdrawal Benefits
- Cash value: Yes
- Cash withdrawal benefits: Yes
Health and Insurance Coverage
- Death: Yes
- Total Permanent Disability: No
- Terminal Illness: Yes
- Critical Illness: N.A
- Early Critical Illness: N.A
Health and Insurance Coverage Multiplier
- Death: N.A
- Total Permanent Disability: N.A
- Terminal Illness: N.A
- Critical Illness: N.A
- Early Critical Illness: N.A
Optional Add-on Riders
- Cancer Premium Waiver
Additional Features and Benefits
Yes.
For further information and details, refer to NTUC Income website. Alternatively, fill up the form below and let us advise accordingly.
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Read about: The Complete Guide to Retirement Planning in Singapore (2023 Edition)
NTUC Income Gro Cash Plus may be suitable if you are looking for
NTUC Income Gro Cash Plus may potentially be a good fit if the following matters to you:
- Regular cash payout upon your desired retirement age
- Saving regularly over a period of time or
- Insurance options without medical underwriting
- To potentially generate higher financial returns compared to bank accounts
- Insurance policy with a high surrender value in the early years of the policy
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Read about: The effects of compounding returns on your savings
NTUC Income Gro Cash Plus may not be suitable if you are looking for
NTUC Income Gro Cash Plus may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Potentially higher financial returns compared to a pure investment product.
Read about: Why should you choose a shorter premium term on your insurance policies
Further considerations on NTUC Income Gro Cash Plus
- How is NTUC Income or NTUC Income Gro Cash Plus investment returns based on historical performance?
- How does NTUC Income Gro Cash Plus compare with retirement plans and annuity policies from other insurance companies?
- Can NTUC Income Gro Cash Plus fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on NTUC Income Gro Cash Plus. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Gro Cash Plus.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Read about: 4 Best Retirement plans and Annuity Policies in Singapore (2024 Edition) *Updated*
Where can I compare the payout and benefits of retirement plans and annuity policies?
Your retirement plans are meant to supplement your lifestyle and expenses in your golden years. Ensure your retirement plans matches the financial goal and objective you wish to achieve when you decided to talk a step back in life.
It is too late to regret once you have made your financial commitment. Specific product features, benefits, and payouts will differ more than you think across insurance companies.
And even worst, to find out you can compare retirement plans and annuity policies here, 100% free of charge on the InterestGuru.sg platform.
Is NTUC Income Gro Cash Plus suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
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