NTUC Income Gro Junior Saver Review
The complete Pros and Cons on NTUC Income Gro Junior Saver
NTUC Income Gro Junior Saver helps you save for your child’s tertiary education with bonuses when your child reaches different stages of his/her education.
NTUC Income Gro Junior Saver product details
- Life policy – Endowment and Saving policy
- Guaranteed Cash Benefits
- Receive guaranteed cash benefits when your child reaches different stages of education (primary up to university)
- Spend these to you your child’s wishes or accumulate them at the prevailing interest rates
- Premium Payment Terms
- Choose to pay premiums for 5 years, 10 years, or till the end of the policy
- Coverage
- Your child is covered against Death and Total and Permanent Disability
- Hospital Benefit
- If your child is hospitalised due to HFMD, Dengue, or Food Poisoning, you will receive $100 per day up to a maximum of 30 days
- Optional Add-ons
- Riders available to waive future premiums for your child’s policy if you pass on, become total and permanently disabled, or diagnosed with critical illness/cancer
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 Gro Junior Saver 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
Cancer Premium Waiver (GIO)
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 on your saving
Read about: Where do I start with financial planning
NTUC Income Gro Junior Saver may be suitable if you are looking for
NTUC Income Gro Junior Saver may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- Medium-term endowment savings plan
- To generate higher financial returns compared to bank accounts
- To save regularly over a period of time
- Child tertiary education savings plan with riders to waive future premiums
NTUC Income Gro Junior Saver may not be suitable if you are looking for
NTUC Income Gro Junior Saver may potentially be a bad fit if the following matters to you:
- High insurance coverage for Death
- Insurance coverage for Terminal Illness, Early Critical Illness, Critical Illness, or Total Permanent Disability
- Potentially higher financial returns compared to a pure investment product.
- A one-time premium commitment with no further cash commitment
- Regular cash payouts
- Liquidity or flexibility of withdrawal in your Insurance policy
- Insurance policy with a high surrender value in the early years of the policy.
Read About: How can I accumulate a million dollar (Realistically)
Further considerations on NTUC Income Gro Junior Saver
- How is NTUC Income or NTUC Income Gro Junior Saver investment returns based on historical performance?
- How does NTUC Income Gro Junior Saver compare with Endowment policy from other insurance companies?
- Can NTUC Income Gro Junior Saver 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 Junior Saver. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Gro Junior Saver.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Read about: How can I accumulate a million dollar (Realistically)
Read About: 3 best Savings plans and endowment policies in Singapore (updated Jan 2023)
Where can I compare the payout and benefits of saving plans and endowment policies?
Before committing to an insurance policy, it certainly pays to make an effort to compare. Specific product features, benefits, and payouts will differ more than you think across insurance companies. Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?
Use our Compare NOW feature to receive the most competitive quotes on saving plans and endowment policies.
Alternatively, you just need to provide us with a couple of details below.
Is NTUC Income Gro Junior Saver suitable for me?
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