NTUC Income Gro Annuity Review

The complete Pros and Cons on NTUC Income Gro Annuity

With a single premium fundable using Cash or SRS, NTUC Income Gro Annuity is a retirement annuity plan that gives you guaranteed lifetime retirement income on top of any non-guaranteed bonuses.

NTUC Income Gro Annuity product details

  • Life policy – Annuity
  • Receive insurance coverage against Death
  • Lifetime Retirement Payout
    • Choose to receive lifetime retirement income on a monthly, quarterly, semi-yearly, or yearly basis
  • Premium Payment
    • Choose to pay a single premium with cash or using your Supplementary Retirement Scheme (SRS)
  • Additional Bonuses
    • Enjoy Non-Guaranteed bonuses that increase your retirement income payout

Read about:  Why your retirement planning starts now

Read aboutEffects of compounding returns on your investments

Features of NTUC Income Gro Annuity at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier

Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders

N/A

Additional Features and Benefits

Yes.

For further information and details, refer to NTUC Income website. Alternatively, fill-up the form below and let us advise accordingly.

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NTUC Income Gro Annuity may be suitable if you are looking for

NTUC Income Gro Annuity may potentially be a good fit if the following matters to you:

  • A lifetime of regular cash payout upon your desired retirement age
  • Lump-sum payout upon maturity
  • A one-time premium commitment with no further cash commitment
  • Insurance options without medical underwriting
  • Do not need access to the funds until retirement
  • To potentially generate higher financial returns compared to bank accounts

NTUC Income Gro Annuity may not be suitable if you are looking for

NTUC Income Gro Annuity may potentially be a bad fit if the following matters to you:

  • Health and Protection coverage
  • High insurance coverage for Death or Total and Permanent Disability
  • High insurance coverage for Early Critical Illness, Critical Illness or Terminal Illness
  • Saving regularly over a period of time
  • Potentially higher financial returns compared to a pure investment product.
  • Insurance policy with a high surrender value in the early years of the policy.

Read about: Why should you choose a shorter premium term on your insurance policies

Further considerations on NTUC Income Gro Annuity

  • How is NTUC Income or NTUC Income Gro Annuity investment returns based on historical performance?
  • How does NTUC Income Gro Annuity retirement compare with retirement plans and annuity policies from other insurance companies?
  • Can NTUC Income Gro Annuity retirement fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features on NTUC Income Gro Annuity retirement. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Gro Annuity.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Read about3 best Retirement plans and Annuity policies in Singapore (2020 Edition) *Updated*

Where can I compare the payout and benefits of retirement plans and annuity policies?

Your retirement plans are meant to supplement your lifestyle and expenses in your golden years. Ensure your retirement plans matches the financial goal and objective you wish to achieve when you decided to talk a step back in life.

It is too late to regret once you have made your financial commitment. Specific product features, benefits, and payouts will differ more than you think across insurance companies.

And even worse, to know you can compare retirement plans and annuity policies here,  100% free of charges on the InterestGuru.sg platform.

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Choose the starting payout age of your retirement income plan (currently only available for age 65).

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Is NTUC Income Gro Annuity suitable for me?

Contact InterestGuru using the form below. Our panel of Independent financial planners will advise accordingly, based on your financial profile and protection needs.

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*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

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Before you go...
NTUC Income Gro Annuity may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!

 

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