NTUC Income Protection Plan Review

NTUC Income Protection Plan product details

• Life policy – Whole Life Policy
• Pays the sum assured and bonuses in the event of death or total and permanent disability (TPD before age 70)
• Option to convert to annuity at age 60
• Pay premiums in 20 years, up to age 64 or up to age 84

Read About: Whole Life Policy: How does it work?

In-depth Review: 3 Best Whole Life Plans in Singapore for Insurance Coverages (2023 Edition)

Features of NTUC Income Protection 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
Living Rider for Protection
Early Cancer 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.

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NTUC Income Protection Plan may be suitable if you are looking for

NTUC Income Protection Plan may potentially be a good fit if the following matters to you:

• Higher protection for Death and Terminal Illness coverage at an affordable premium.
• Higher Early Critical Illness, Critical Illness and Total Permanent Disability coverage in an Insurance Policy.
• Health and Protection coverage due to a shortfall in your Insurance Portfolio.
• Accumulating cash value in the policy for financial returns in the long-term.
• Paying premiums only for a limited number of years and enjoying coverage for a lifetime.

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In-depth Review: Term life vs Whole life – Which is better for you?

NTUC Income Protection Plan may not be suitable if you are looking for

NTUC Income Protection Plan may potentially be a bad fit if the following matters to you:

• Liquidity or flexibility of withdrawal in your Insurance policy.
• Access to cash from your policy on a regular basis.
• Insurance policy with a high surrender value in the early years of the policy.
• Potentially higher financial returns compared to a pure investment product.

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Further considerations on NTUC Income Protection Plan

• How is NTUC or NTUC Income Protection Plan investment returns based on historical performance?
• How does NTUC Income Protection Plan compare with Whole Life Policy from other insurance companies?
• Can NTUC Income Protection 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 Protection Plan. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Protection Plan.

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Compare before you commit

Before committing to a whole life 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?

Even worse, to know you can compare whole life insurance plans here,  100% free of charges on the InterestGuru.sg platform.

Is NTUC Income Protection 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.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

We compare quotations head to head on all leading insurers in Singapore

Before you go...

NTUC Income Protection Plan may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.

Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!

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