NTUC Income Smart Secure Review

The complete Pros and Cons on NTUC Income Smart Secure

NTUC Income Smart Secure is a short term endowment savings plan that pays out 25% of Sum Assured at the end of every policy year which can be spent as you wish or to fund another specified savings plan.

NTUC Income Smart Secure product details

  • Life policy – Endowment and Saving policy
  • Guaranteed acceptance – no health questions asked
  • Be covered against Death and Total and Permanent Disability 105% of premiums paid
  • Policy Term
    • This policy matures after 4 years
  • Yearly Cash Benefits
    • Receive 25% of Sum Assured at the end of policy 1 till maturity
    • You can use the cash to your wish or use to pay premiums for another specified savings endowment plan
  • Capital Guarantee and Maturity Benefit
    • Upon policy maturity, receive 25% of Sum Assured as maturity benefit
    • Capital is guaranteed upon policy maturity
    • Guaranteed yield at 1.02% per annum

Read aboutEndowment and Saving policy: How does it work?

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

Features of NTUC Income Smart Secure at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: Yes
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

N/A

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 on your saving

Read aboutWhere do I start with financial planning

NTUC Income Smart Secure may be suitable if you are looking for

NTUC Income Smart Secure may potentially be a good fit if the following matters to you:

  • A hassle-free application without medical underwriting
  • Short endowment savings plan
  • Annual payouts from the end of the first policy year
  • To generate higher financial returns compared to bank accounts
  • A one-time premium commitment with no further cash commitment
  • Liquidity or flexibility of withdrawal in your Insurance policy

NTUC Income Smart Secure may not be suitable if you are looking for

NTUC Income Smart Secure 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
  • To save regularly over a period of time
  • 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 Smart Secure

  • How is  NTUC Income or NTUC Income Smart Secure investment returns based on historical performance?
  • How does NTUC Income Smart Secure compare with Endowment policy from other insurance companies?
  • Can NTUC Income Smart Secure fulfill my financial, insurance, health, and protection needs?

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

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 Smart Secure 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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Maximise your wealth with the best savings plans!

3 easy steps for your customised insurance savings plan
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Step 1: Getting to know you…

Let’s start with a brief introduction of your personal profile. This will allow us to adjust and provide the most relevant insurance savings plans for you.

Name:

Gender:

Birthdate:

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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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Step 3: Finding the best insurance savings plans for you!

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

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Before you go...
NTUC Income Smart Secure 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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