NTUC Income Gro Power Saver Pro Review
The complete Pros and Cons on NTUC Income Gro Power Saver Pro
Build up your savings and reach your wealth goals in 12 years with NTUC Income Gro Power Saver Pro. With the unique Premium Privilege, you only have to pay premiums for the first 3 policy years.
NTUC Income Gro Power Saver Pro product details
- Life policy – Endowment and Saving policy
- Capital guaranteed upon maturity.
- Get all your premiums paid back upon maturity.
- Pay premiums for only the first 3 policy years.
- After premiums for the policy have been paid for at least 3 years, the Premium Privilege will begin and premium payments will not be required for the remaining 9 years of the policy.
- Protection in case of death or terminal illness.
- In the unfortunate event of death or diagnosis of terminal illness, Gro Power Saver Pro provides coverage so that you and your loved ones stay protected.
- Protection for total and permanent disability.
- Waiver of premiums upon a disability claim or
- Choose to receive a lump sum benefit, the policy will terminate after this is paid.
- Guaranteed issuance.
- Application is hassle-free and acceptance is guaranteed. There is no need for any medical checkup.
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 Power Saver Pro at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
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 Power Saver Pro may be suitable if you are looking for
NTUC Income Gro Power Saver Pro may potentially be a good fit if the following matters to you:
- 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 Gro Power Saver Pro may not be suitable if you are looking for
NTUC Income Gro Power Saver Pro may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- 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.
Read About: How can I accumulate a million dollar (Realistically)
Further considerations on NTUC Income Gro Power Saver Pro
- How is NTUC Income or NTUC Income Gro Power Saver Pro investment returns based on historical performance?
- How does NTUC Income Gro Power Saver Pro compare with Endowment policy from other insurance companies?
- Can NTUC Income Gro Power Saver Pro fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on NTUC Income Gro Power Saver Pro. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Gro Power Saver Pro.
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 products features, benefits and payout 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.
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Is NTUC Income Gro Power Saver Pro suitable for me?
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