What is the best way to get a large life insurance cover, and pay a very low cost?
Buy term insuance. NTUC Income offers term insurance (called i-Term) at the lowest rates in the market. It is well received.
It covers death from accidents and illness. It also covers permanent total disability.
The i-Term is well received by the public. About 1,900 applications were received over the past 6 months. This is THREE times of the average for last year.
Here are the reasons for its success:
- Simple application process. Can be submitted through the internet.
- Best value. The premium is about 30% cheaper than similar products in the market
i-Term
By paying a lower premium for your term insurance, you can invest the rest of your savings in a large, well diversified, low charge fund to earn an attractive return (much higher than a traditional life insurance policy).
Invest your savings
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