NTUC Income is making an increase in its bonus rates for our living, protection and certain harvest plans from 1 January 2007. The revised bonus will represent an increase of 26% in the cost of bonus for 2006, or an additional $60 million (estimated) a year.
The revised bonus rates will also apply to all existing policies under these plans and new policies taken from this year.
Currently, NTUC Income offers the best return in the market for our popular plans. With the revised bonus rates, our plans will become more attractive.
The special bonus on policies surrendered after 10 years will also be increased.
More details will be announced soon.
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