NTUC Income Gro Cash Harvest Review

The complete Pros and Cons on NTUC Income Gro Cash Harvest

NTUC Income Gro Cash Harvest gives you annual cash payouts from the 5th year up till age 120 allowing you to assign a secondary life insured to enjoy the benefits of this policy. A maturity benefit of 120% of premiums paid will be given upon policy maturity.

NTUC Income Gro Cash Harvest product details

  • Life policy – Endowment and Saving policy
  • Guaranteed acceptance – no health questions asked
  • Policy Term
    • Policy maturity at age 120
  • Premium Payment Term
    • You can choose to pay premiums for 5, 10, 15 or 20 years
    • Premiums are waived if you become Total and Permanently Disabled
  • Cash Payouts
    • Receive up to 4.4% of Sum Assured per year from the 5th policy year onwards until policy maturity
    • Guaranteed Payout of 2.1%
    • Non-Guaranteed Bonus of up to 2.3%
    • You can choose to receive these payouts or accumulate them at up to 3.25% per annum
    • You can choose to withdraw the accumulated cash payouts to spend as you wish
  • Secondary Life Insured
    • You can choose to appoint your loved ones to continue this endowment savings policy to enjoy the benefits of it when you pass on
    • Upon policy maturity, 120% of all premiums will be paid as a maturity benefit
  • Optional Add-ons
    • Cancer Premium Waiver (GIO) waives future premiums should you be diagnosed with major cancer during the term of the rider

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 Harvest 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

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.

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

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

  • A hassle-free application without medical underwriting
  • Long term endowment savings plan
  • Annual payouts from the end of the fifth year that can be reinvested to grow in value
  • To generate higher financial returns compared to bank accounts
  • To save regularly over a period of time
  • Liquidity or flexibility of withdrawal in your Insurance policy

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

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

  • High insurance coverage for Death
  • Insurance coverage for Terminal Illness, Early Critical Illness, Critical Illness, or Total Permanent Disability
  • A one-time premium commitment with no further cash commitment
  • 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 AboutHow can I accumulate a million dollar (Realistically)

Further considerations on NTUC Income Gro Cash Harvest

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

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

Read aboutHow can I accumulate a million dollar (Realistically)

Read About3 best Savings plans and endowment policies in Singapore (updated Jan 2020)

Where can I compare the payout and benefits of saving plans and endowment policies?

Before committing to an insurance policy, it certainly pays to make an effort to compare. Specific product features, benefits, and payouts will differ more than you think across insurance companies. Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?

Use our Compare NOW feature to receive the most competitive quotes on saving plans and endowment policies.

Alternatively, you just need to provide us with a couple of details below.

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Is NTUC Income Gro Cash Harvest 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 Harvest 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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