Investment-linked product: choice of life cover

NTUC Income will offer 2 choice of cover for our Ideal plan (ie an investment linked product or ILP):

- level term
- decreasing term

Both covers will be paid by a level premium, which is lower than the premium under a traditional policy. The sum assured is payable in addition to the savings accumulated in the ILP plan.

For example, a policyholder who saves $2,000 a year may take a level term or decreasing term to cover $50,000 over 20 years.

Under level term, the sum of $50,000 is payable in addtion to the accumulated savings.

Under decreasing term, the sum is reduced by $2,500 each year, and is payable in addition to the accumulated savings.

The cost of the term insurance cover is quite modest. To find out more, visit our office in Bras Basah Road. You can also attend our educational seminar.

Call 6788 3366.