Letter on Bonus Cuts

Some policyholders have not received any letter from NTUC Income. They asked if they are affected by the bonus cut.

To my understanding, most of the policies taken during the last 10 or 15 years are affected by the bonus cut. The policies taken earlier are not affected.

NTUC Income appears to be sending out the letters in batches. I have not received the letters addressed to me, until I asked for them. My family members have not received their letters as well.

If you have not received the letters yet, you may also be affected by the bonus cut. The letter will arrive later.

If you wish to check, you can write directly to NTUC Income. Give them your NRIC. They will be able to check and inform you.