NTUC Income Gro Cash Plus Review

NTUC Income Gro Cash Plus is a whole life endowment plan that helps you secure your financial future. Unlock a lifetime of cash payouts starting from the end of the 3rd policy year till age 120 while enjoying the assurance that your capital is guaranteed.

NTUC Income Gro Cash Plus product details

• Life policy – Endowment and Savings Policy
• Yearly Cash Payouts
  • Receive a lifetime of cash payouts up to 6.59% of the sum assured from the end of the 3rd policy year till age 120
• Capital Guaranteed
  • Capital is guaranteed from the end of 3rd policy year
• Secondary Life Assured
  • Ensure wealth accumulation continuity with a secondary insured so your policy can continue in the event of the death
• Guaranteed option to buy life policy
  • Guaranteed option to buy another life policy for additional coverage on the life of the original insured at a specified life event
• Death and Terminal Illness Coverage
  • Be covered against Death and Terminal Illness the higher of 105% of all premiums paid or the guaranteed cash surrender value AND
  • Non-Guaranteed Terminal Bonus AND
  • Any reinvested payouts with interest less any paid out payouts
    
    

Read about: 3 Best Whole Life Endowment Savings Plans in Singapore (Updated)

Features of NTUC Income Gro Cash Plus 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: Yes
Critical Illness: N.A
Early Critical Illness: N.A

Health and Insurance Coverage Multiplier
Death: N.A
Total Permanent Disability: N.A
Terminal Illness: N.A
Critical Illness: N.A
Early Critical Illness: N.A

Optional Add-on Riders
Cancer Premium Waiver

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 about: How can I accumulate a million dollar (Realistically)

Read about: The Complete Guide to Retirement Planning in Singapore 

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

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

• Regular cash payouttill age 120
• Saving regularly over a period of time or
• Insurance options without medical underwriting
• To potentially generate higher financial returns compared to bank accounts
• Insurance policy with a high surrender value in the early years of the policy
  
  

Read about:  When should you start making plans for retirement?

Read about: The effects of compounding returns on your savings

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

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

• Health and Protection coverage
• High insurance coverage for Death or Terminal Illness
• High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
• Potentially higher financial returns compared to a pure investment product.
  
  

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

Further considerations on NTUC Income Gro Cash Plus

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

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

Read about: 4 Best Retirement plans and Annuity Policies in Singapore (Updated)

Is NTUC Income Gro Cash Plus suitable for me?