About Ntuc income
NTUC Income: Singapore's Leading Provider of Insurance and Financial Services
NTUC Income is a well-known name in Singapore's insurance industry. Established in 1970, it has been providing reliable and affordable insurance products to the people of Singapore for over five decades. Today, NTUC Income is the leading provider of life, health, travel & car insurance as well as savings, investment and retirement plans.
The company's mission is to make insurance accessible to all Singaporeans regardless of their income level. It believes that everyone should have access to quality insurance products that can protect them from unforeseen events such as accidents or illnesses. With this goal in mind, NTUC Income has developed a wide range of products that cater to different needs and budgets.
Life Insurance
NTUC Income offers a variety of life insurance policies designed to provide financial protection for you and your loved ones in case something unexpected happens. These policies include term life insurance, whole life insurance, endowment plans and annuities.
Term Life Insurance: This policy provides coverage for a specific period (usually between 5-30 years) at an affordable premium rate. It is ideal for those who want temporary coverage or have specific financial obligations such as mortgage payments or children's education expenses.
Whole Life Insurance: This policy provides lifetime coverage with guaranteed cash value accumulation over time. It also offers additional benefits such as dividends and riders (optional add-ons) that can enhance your protection.
Endowment Plans: These are savings plans with guaranteed returns at maturity (usually after 10-20 years). They are suitable for those who want both protection and savings benefits.
Annuities: An annuity is an investment product that provides regular income payments during retirement years. NTUC Income offers various types of annuities including immediate annuities (for those who want immediate income) and deferred annuities (for those who want to accumulate funds before receiving payouts).
Health Insurance
NTUC Income also offers comprehensive health insurance plans designed to cover medical expenses incurred due to illness or injury. Its health plans include hospitalization plans, critical illness plans, personal accident plans and disability income plans.
Hospitalization Plans: These policies provide coverage for hospitalization expenses including room charges, surgical fees etc., up to the policy limit chosen by the insured person.
Critical Illness Plans: These policies provide lump sum payouts upon diagnosis of critical illnesses such as cancer or heart attack which can help cover treatment costs not covered by hospitalization plan alone.
Personal Accident Plans: These policies provide compensation in case you suffer from accidental injuries resulting in permanent disability or death while travelling overseas or participating in sports activities etc., up to the policy limit chosen by you.
Disability Income Plans: These policies provide regular income payments if you become disabled due to an accident or illness which prevents you from working normally again.
Travel & Car Insurance
NTUC Income also offers travel & car insurances designed specifically for travellers' needs when they go abroad on vacation trips with family members/friends; these insurances offer comprehensive coverage against loss/damage/theft/accidents while travelling overseas; similarly its car insurances offer comprehensive coverage against loss/damage/theft/accidents while driving on roads within Singapore.
Savings & Investment Products
Apart from offering various types of insurances mentioned above; NTUC also provides several saving/investment options like Regular Savings Plan(RSP), Single Premium Savings Plan(SPP), Investment-linked Policies(ILP), Supplementary Retirement Scheme(SRS) etc.; these options allow customers flexibility when it comes down choosing how much money they would like invest/saving each month/yearly basis.
Conclusion:
In conclusion; Ntuc income has been serving its customers since 1970s providing them with reliable yet affordable solutions when it comes down protecting themselves financially against unforeseen events like accidents/illnesses/death etc.; whether one wants basic term-life-insurance plan covering only death benefit OR more complex whole-life-insurance plan covering both death benefit + cash value accumulation OR any other type-of-insurance-plan mentioned above - Ntuc-income has got everything covered under one roof!
income.com.sg