NTUC Income Mortgage Term Review

The complete Pros and Cons on NTUC Income Mortgage Term

NTUC Income Mortgage Term covers you against Death, Terminal Illness, and Total and Permanent Disability. You’ll receive a lump sum payout should a claim be made to help you pay for outstanding mortgage loans in full.

NTUC Income Mortgage Term product details

  • Non-participating policy – Term policy
  • Coverage
    • Be covered 100% of Sum Assured against Death, Terminal Illness, and Total and Permanent Disability
      • TPD up to age 70
  • Policy Term
    • You can choose to pay premiums from 5 to 35 years up to age 84
  • Loan Interest Rates
    • You can choose a range of interest rates from 1% to 7% to ensure your mortgage loan is adequately covered
  • Optional Riders
    • Essential Protect
    • Payor Premium Waiver
    • Enhanced Payor Premium Waiver
    • Dread Disease Premium Waiver
    • Early Cancer Waiver

Read AboutTerm Policy: How does it work?

Features of NTUC Income Mortgage Term at a glance

Cash and Cash Withdrawal Benefits

Cash value: No
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

  • Payor Premium Waiver
  • Enhanced Payor Premium Waiver
  • Dread Disease Premium Waiver
  • Early Cancer Waiver
  • Essential Protect

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 Also: No budget for financial planning?

NTUC Income Mortgage Term may be suitable if you are looking for

NTUC Income Mortgage Term may potentially be a good fit if the following matters to you:

  • High Health and Protection coverage
  • High insurance coverage for Death, Terminal Illness, and Total Permanent Disability
  • Lower initial premium compared to other types of insurance policies
  • Looking to boost insurance coverage or fill shortfalls in an insurance portfolio

NTUC Income Mortgage Term may not be suitable if you are looking for

NTUC Income Mortgage Term may potentially be a bad fit if the following matters to you:

  • Long-term cash accumulation
  • Regular cash payout
  • A one-time premium commitment with no further cash commitment
  • Insurance policy with a surrender value
  • High insurance coverage for Early Critical Illness, Critical Illness

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

Further considerations on NTUC Income Mortgage Term

  • How is NTUC Income or NTUC Income Mortgage Term payout and claims based on past track record?
  • How does NTUC Income Mortgage Term compare with Term policy from other insurance companies?
  • Can NTUC Income Mortgage Term fulfill my financial, insurance, health, and protection needs?

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

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

Is NTUC Income Mortgage Term suitable for me?

Contact InterestGuru using the form below. Our panel of Independent Financial Advisers 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.

We compare quotations head to head on all leading insurers in Singapore

Personalised term insurance plans

Get the maximum value out of your term life plan!

3 easy steps for your customised insurance plan
33%

Step 1: Getting to know you…

Let's start with a introduction of your personal profile. Please note that your current age and gender affects the insurance premium you have to pay for your term life plan.

Name:

Gender:

Birthdate:

66%

Step 2: Understanding your coverage needs…

Please select the amount and period of coverage that is needed for this term life plan.

How much life coverage (sum assured) do you need:

This insurance coverage is needed to the age (policy term) of:

100%

Step 3: Finding the best term life plans for you!

InterestGuru.sg team of financial planners will compare and provide you with the best term life insurance plans based on your inputs.

Contact:

Email:

Please check your inbox for an e-mail of your savings needs and we will be in contact with you within 24 hours.

Personalised term insurance plans
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Before you go...
NTUC Income Mortgage Term 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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