NTUC Income Gro Power Saver Review

The complete Pros and Cons of NTUC Income Gro Power Saver

NTUC Income Gro Power Saver lets you grow your wealth with a 10-year savings plan with a short premium term of 3 years.

NTUC Income Gro Power Saver product details

  • Life policy – Endowment and Saving policy
  • Short Term Savings Plan
    • Pay 3 years of premiums for a policy term of 10 years
    • Receive a maturity benefit of guaranteed returns and non-guaranteed bonuses upon the end of the policy
  • Insurance Coverage
    • Be covered 105% of all net premiums paid or 100% of cash value and bonuses, whichever is higher, against Death and Terminal Illness
    • If Total and Permanent Disability occurs, receive the above benefit OR choose to have future premiums waived
  • Hassle-free Application
    • No medical check-up required
  • Optional Riders
    • Cancer Premium Waiver (GIO) – Future premiums are waived 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 Power Saver at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: Yes
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

No

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 Power Saver may be suitable if you are looking for

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

  • A hassle-free application without medical underwriting
  • Short  term endowment and savings plan
  • Savings a short term of 3 years
  • To potentially generate higher financial returns compared to bank accounts
  • Savings plan with insurance coverage against Death, Total and Permanent Disability and Terminal Illness

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

NTUC Income Gro Power Saver 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, Total and Permanent Disability or Terminal Illness
  • Insurance coverage for Early Critical Illness or Critical Illness
  • Lifetime regular cash payout
  • 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.

Further considerations on NTUC Income Gro Power Saver

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

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 Power Saver 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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Step 2: Understanding your savings needs…

Please select your savings preferences to allow us to optimise the financial returns of your savings plans:

You have a yearly savings budget (annual premium) of:

You intend to have a saving commitment for a period (premium term) of:

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Before you go...
NTUC Income Gro Power Saver 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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