NTUC Income DreamSaver Review
The complete Pros and Cons on NTUC Income DreamSaver
NTUC Income DreamSaver product details
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- Life policy – Endowment and Saving policy
- A short-term regular savings plan with guaranteed monthly cash benefits
- You only need to pay premium for 5 years and you can choose to have your policy mature after 8 or 10 years
- Receive monthly guaranteed cash benefits from the end of 61st policy month onwards. For policies with 8 years policy term, NTUC Income will pay cash benefits for 35 months. For policies with 10 years policy term, NTUC Income will pay cash benefits for 59 months. You can choose to spend it as you wish or accumulate it at an interest rate of up to 3.5% p.a
- Pay bonuses and 105% of all net premiums paid if death or total and permanent disability occurs when the insured is below 60 years old. If death or total and permanent disability (TPD before age 70) happens when the insured is aged 60 or above, NTUC Income will pay bonuses and 101% of all net premiums paid
NTUC Income Dream Saver is a common search alternative for NTUC Income DreamSaver.
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of NTUC Income DreamSaver at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
NA
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.
Read About: Effects of compounding returns
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NTUC Income DreamSaver may be suitable if you are looking for
NTUC Income DreamSaver may potentially be a good fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- A hassle-free application without medical underwriting
- Short to medium term endowment and savings plan
- To saving regularly over a period of time
- To potentially generate higher financial returns compared to bank accounts
NTUC Income DreamSaver may not be suitable if you are looking for
NTUC Income DreamSaver may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lifetime regular cash payout
- A one-time premium commitment with no further cash commitment
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
Further considerations on NTUC Income DreamSaver
- How is NTUC Income or NTUC Income DreamSaver investment returns based on historical performance?
- How does NTUC Income DreamSaver compare with Endowment policy from other insurance companies?
- Can NTUC Income DreamSaver fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on NTUC Income DreamSaver. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income DreamSaver.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Read About: Where do I start with financial planning
Read About: 3 best Savings plans and endowment policies in Singapore (updated 2023)
Is NTUC Income DreamSaver 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.
