NTUC Income Gro Saver Plan Review
The complete Pros and Cons on NTUC Income Gro Saver Plan
NTUC Income Gro Saver Plan product details
- Life policy – Gro Saver and Saving policy
- A regular savings plan that grows your money while providing insurance coverage
- Flexibility to choose when you want your policy to mature – in 10, 15, 20, 25 or 30 years. You can also opt for your policy to mature when you are age 54, 59, 61 or 64 years old (last birthday)
- Pays the sum assured and bonuses in the event of death or total and permanent disability (TPD before age 70)
Read About: Gro Saver and Saving policy: How does it work?
Read About: Gro Saver and Saving policy: Is it the best option?
Features of NTUC Income Gro Saver Plan 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: 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
Payor Premium Waiver
Enhanced Payor Premium Waiver
Dread Disease 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.
Read About: Effects of compounding returns
Read About: 3 things to consider before taking up a new financial product
NTUC Income Gro Saver Plan may be suitable if you are looking for
NTUC Income Gro Saver Plan may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- Short to medium term Gro Saver and savings plan
- To saving regularly over a period of time
- To potentially generate higher financial returns compared to bank accounts
NTUC Income Gro Saver Plan may not be suitable if you are looking for
NTUC Income Gro Saver Plan 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.
Further considerations on NTUC Income Gro Saver Plan
- How is NTUC Income or NTUC Income Gro Saver Plan investment returns based on historical performance?
- How does NTUC Income Gro Saver Plan compare with Gro Saver policy from other insurance companies?
- Can NTUC Income Gro Saver Plan 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 Saver Plan. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Gro Saver Plan.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is NTUC Income Gro Saver Plan 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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