NTUC Income VivoChild Review
The complete Pros and Cons on NTUC Income VivoChild
NTUC Income VivoChild product details
- Life policy – Endowment and Saving policy
- A savings plan with guaranteed cash benefits at different stages of your child’s education
- You will receive guaranteed cash benefits at different stages of your child’s education, from primary school to university. You can also choose to accumulate your cash benefits at an interest rate of up to 3.5% p.a
- Pays 100% of the sum assured and bonuses in the event of death or total and permanent disability of your child
- Pays a daily cash benefit of $100 for each full day of hospitalisation, up to a maximum of 30 days per admission, in the event of hospitalisation due to hand-foot-mouth disease, food poisoning or dengue
- Waiver future premium payments of the basic plan in the event of death, total and permanent disability (TPD before age 70), or diagnosis of dread diseases (except for angioplasty and other invasive treatment for coronary artery) of the policyholder during the term of the rider. This rider is automatically added to the policy but you can choose to remove it
- You can choose to pay premiums for 5 or 10 years. Alternatively, you can pay premium throughout the policy term, except for the last 2 years
NTUC Income Revo Save is a common search alternative for NTUC Income RevoSave.
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 VivoChild 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
Payor Premium Waiver
Enhanced Payor Premium Waiver
Dread Disease Premium Waiver
Early Cancer Waiver
Additional Features and Benefits
Yes.
For further information and details, 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 VivoChild may be suitable if you are looking for
NTUC Income VivoChild 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 VivoChild may not be suitable if you are looking for
NTUC Income VivoChild 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 VivoChild
- How is NTUC Income or NTUC Income VivoChild investment returns based on historical performance?
- How does NTUC Income VivoChild compare with Endowment policy from other insurance companies?
- Can NTUC Income VivoChild fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on NTUC Income VivoChild. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income VivoChild.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is NTUC Income VivoChild 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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