NTUC Income Gro Cash Flex Review

The complete Pros and Cons on NTUC Income Gro Cash Flex

A flexible savings plan that gives you yearly cash payouts from the end of the 2nd policy year. Choose to withdraw anytime you want to fund your goals or accumulate them for better returns.

NTUC Income Gro Cash Flex product details

  • Life policy – Endowment and Saving policy
  • Flexible Premium & Policy Terms
    • Pay 5 years for a policy term of 10, 15, 20, 25 or 30 years, or up till age 120
    • Pay 10 years for a policy term of 15, 20, 25 or 30 years, or up till age 120
    • Pay 15 years for a policy term of 20, 25 or 30 years, or up till age 120
    • Pay 20 years for a policy term of 25 or 30 years, or up till age 120
    • Pay 25 years for a policy term of 30 years, or up till age 120
    • Pay 30 years for a policy teem of up til age 120
  • Yearly Cash Payouts
    • From the end of the 2nd year onwards, receive yearly guaranteed and non-guaranteed cash payouts the amount of up to 5.40% of the sum assured.
    • You can spend these payouts as you wish or reinvest them at the prevailing rates for higher returns.
  • Secondary Life Assured
    • You can appoint an immediate family member to be a secondary life assured to receive the benefit of this policy should you pass on before the policy reaches its maturity date.
  • Insurance Coverage
    • Be covered 105% of all net premiums paid, guaranteed returns, non-guaranteed bonuses, and a terminal bonus against Death and Terminal Illness.
  • Total and Permanent Disability Benefit
    • Future premiums are waived in the event of Total and Permanent Disability
    • A lump-sum benefit of 2 years of premiums will be paid out
  • Retrenchment Benefit
    • 6 months of premiums are waivable, in the event you become retrenched and stay unemployed for 3 consecutive months.
  • Hassle-free Application
    • No medical check-up required
  • Premium Waiver Rider
    • Cancer Premium Waiver (GIO) – Waives future premiums if the life assured is diagnosed with Major Cancer

Read AboutEndowment and Saving policy: How does it work?

Read AboutEndowment and Saving policy: Is it the best option?

Features of NTUC Income Gro Cash Flex at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

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

Cancer Premium Waiver (GIO)

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.

Read AboutEffects of compounding returns

Read About3 things to consider before taking up a new financial product

NTUC Income Gro Cash Flex may be suitable if you are looking for

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

  • A hassle-free application without medical underwriting
  • Middle to long term endowment and savings plan
  • To saving regularly over a period of time
  • Lifetime regular cash payout
  • Leaving a financial legacy to your children or their children
  • To potentially generate higher financial returns compared to bank accounts
  • Savings plan with insurance coverage against Death and Terminal Illness

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

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

  • Liquidity or flexibility of withdrawal in your Insurance policy.
  • High insurance coverage for Death or Terminal Illness
  • A one-time premium commitment with no further cash commitment
  • Insurance coverage for Early Critical Illness, Critical Illness or Total and Permanent Disability
  • Potentially higher financial returns compared to a pure investment product.
  • Insurance policy with a high surrender value in the early years of the policy.

Further considerations on NTUC Income Gro Cash Flex

  • How are NTUC Income or NTUC Income Gro Cash Flex investment returns based on historical performance?
  • How does NTUC Income Gro Cash Flex compare with Endowment policies from other insurance companies?
  • Can NTUC Income Gro Cash Flex 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 Cash Flex. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Gro Cash Flex.

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

Is NTUC Income Gro Cash Flex 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.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

*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 Cash Flex 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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