NTUC Term Insurance
NTUC Term Life Insurance policy is named “I-Term” which provides coverage for death, Total Permanent Disability (TPD before the age of 65) and terminal illness (It should be noted that Terminal illness is different with critical illness). Benefits of this plan include:
Guaranteed renewal – No Minimum Entry age and Max Entry Age is 85yrs old (age last birthday). Guaranteed renewal is applicable only if there is no claim on your policy during the contract term and the insured has not reached 80 years old. The renewal premium will be determined by NTUC Income
Higher coverage at affordable premiums – For a male of 30 years of age (non-smoker), a standard coverage of $200,000 will cost about $18 per month for a 5 year term and $25 per month for a 20 year term (Please contact financial consultant for the exact amount). In addition, the premium rate is guaranteed for the term of the policy. That means that the premiums you will pay are guaranteed based on the number of years you are covering for yourself.
Additional rider options available – The most common rider you need to protect your family is critical illness rider. Certainly, you can attach a critical illness rider to your I-Term insurance plan. For a male of 30 years of age (non-smoker), a standard coverage of $100,000 critical illness will cost about $22 per month for a 20 year term (Yes, critical illness rider is more expensive compared to I-term main policy plan).
As Independent Financial Consultants, we provide insurance plans from most of insurance companies. We list several popular term insurance plans from different insurance company for your comparison as below:
- AIA Term Insurance
- NTUC Term Insurance
- AVIVA Term Insurance
- Great Eastern Term Insurance
- Prudential Term Insurance
- HSBC Term Insurance
- Tokio Marine Term Insurance
Have you ensured the security of your family’s future?
While 6 in 10 Singaporeans claim to have a clear idea of how much their dependents will need in the event of their death or disability
Nearly 7 in 10 have prepared 50% or less of the life insurance cover they think is required
The Life Insurance Association of Singapore estimates that the average Singaporean is under-insured by more than S$300,000.
Taking care of your family is your top priority in life.
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