• NTUC Whole Life Insurance

    NTUC Whole Life Insurance has been designed to provide financial protection for a lifetime in case of uncertainties such as death, disability (total & permanent), and certain critical illnesses. There are 5 whole life insurance policies offered by NTUC, namely:

    • VivoLife
    • VivoCash
    • VivoWealth Solitaire
    • Protection Plan
    • Senior Plan

    Let’s understand these policies in detail.

    NTUC VivoLife

    This policy provides coverage and financial support for the entire life upon death, permanent and total disability, and diagnosis of any dread disease.

    Features and Benefits

    • Choose from three different levels of protection:
    • VivoLife 125
    • VivoLife 180
    • VivoLife 350
    • Flexibility to choose the premium payment term from 5, 10, 15, 20, or 25 years or up to the age of 64 or 84 years (last birthday).
    • In case you lose your job and you stay unemployed for three straight months, you get the option to not pay the premium for up to six months. This will not impact your coverage, if you pay the premium for those six months. However, you can enjoy this benefit only once.
    • Convert your plan to an annuity plan to get an additional 5% of your existing plan’s cash value. This conversion can be done after you complete 60 years.
    • Get non-guaranteed bonuses (if any).
    • Enjoy exclusive deals under NTUC Income Treats rewards programme.
    • You can pay the premium yearly, half-yearly, quarterly, or monthly.

    NTUC VivoLife Coverage

    Item Coverage
    VivoLife 125 VivoLife 180 VivoLife 350
    In case of:
    • Death
    • Disability (total or permanent)
    • Dread disease
    Before you turn 70
    You will receive greater of:
    • Bonuses plus sum assured, or
    • 125% of the sum insured
    You will receive greater of:
    • Bonuses plus sum assured, or
    • 180% of the sum insured
    You will receive greater of:
    • Bonuses plus sum assured, or
    • 350% of the sum insured
    Accidental death Up to 200% of the sum insured (in addition to the death benefit)
    When you are 70 years or above
    In case of:
    • Death
    • Dread disease
    Total of sum insured and bonuses

    NTUC VivoCash

    Features and Benefits

    • Yearly cash payouts starting after the 5th policy year and till the age of 100 years.
    • Your policy will be accepted, no matter how good or bad your health condition.
    • In certain specified events, you can choose to buy another policy that covers death and disability, without going through health check-up.
    • If you lose your job and are unemployed for three straight months, you will get one-time benefit.
    • Non-guaranteed bonuses, depending on the performance of Life Participating Fund.
    • You can enhance your coverage with a rider. Upon diagnosis of any major cancer, NTUC will permanently waive off your future premiums, but during the term period of the rider.

    NTUC VivoCash Coverage

    Item Coverage
    Cash payouts
    • Yearly cash payouts after the 5th policy year.
    • Cash payout will include guaranteed benefits plus any non-guaranteed bonuses.
    • Option to accumulate the yearly payouts with NTUC at an interest of up to 3.5% p.a.
    Special cash benefits Guaranteed cash benefit of 4% of your assured amount at the end of 20th and 30th policy year.
    Centennial maturity benefit Centennial maturity benefit - equivalent to 120% of all the net premiums you have paid - on policy maturity when you turn 100.
    Death and permanent & total disability If it happens during the first five policy years:
    • 105% of all the premium paid (net amount).
    • Additional terminal bonus if death or disability happens before the age of 70 years.
    If it happens after the first five policy years:
    • 120% of all the premium paid (net amount).
    • Additional terminal bonus if death or disability happens before the age of 70 years.
    Accidental death and permanent & total disability Additional 100% of the sum insured.

    NTUC VivoWealth Solitaire

    Features and Benefits of VivoWealth Solitaire

    • Monthly cash payouts starting from the 6th policy year and till the age of 100 years.
    • No matter your health condition, your policy will be accepted.
    • Access to exclusive Income Treats rewards programme.
    • Non-guaranteed bonuses, depending on the performance of Life Participating Fund.

    NTUC VivoWealth Solitaire Coverage

    Item Coverage
    Cash payouts
    • Monthly cash payouts - 6th policy year onwards.
    • Cash payout will include guaranteed benefits plus any non-guaranteed bonuses.
    • Option to accumulate the yearly payouts with NTUC at an interest of up to 3.5% p.a.
    Special cash benefits Guaranteed cash benefit of 1.56% of your single premium (net amount) at the start of 21st and 31st policy year.
    Centennial maturity benefit Centennial maturity benefit - equivalent to 105% of single premium (net) paid plus any non-guaranteed bonus - on policy maturity when you turn 100.
    Death and permanent & total disability
    • 105% of the single premium (net).
    • Additional terminal bonus if the death or disability happens before you turn 70.
    Accidental death and permanent & total disability (before 70) Additional 105% of the single premium (net) if the accidental death/disability happens before you turn 70.

    NTUC Protection Plan

    Features and Benefits of Protection Plan

    • Flexibility to convert it into an annuity plan (after your 60th birthday) for an additional 5% of the plan’s cash value.
    • FLexibility to choose between limited premium payment term and whole life premium payment term.

    NTUC Protection Plan Coverage

    Item Coverage
    Death and permanent & total disability Sum insured plus any non-guaranteed bonus if the death/disability happens before the age of 70 years.

    NTUC Senior Plan

    Features and Benefits of Senior Plan

    • Designed for the elderly, this plan covers you in the event of death/permanent and total disability.
    • Pay the premium only for 10 years to enjoy lifetime of coverage.
    • With this policy, you can get guaranteed acceptance regardless of the condition of your health. But, you must not be hospitalised in the past 12 months.
    • No medical examination required.

    Senior Plan Coverage

    You will get a certain amount of the sum assured in case of death and permanent & total disability before the age of 70 years. But, it depends on when the event happens:

    Item Policy year Sum assured
    Death and permanent & total disability 1 20% of the assured amount
    2 40% of the assured amount
    3 60% of the assured amount + 100% of bonuses
    4 80% of the assured amount + 100% of bonuses
    5 100% of the assured amount + 100% of bonuses

    Whole life plans are a great way to insure the lives of yourself and your family members, because they offer coverage for a really long time, irrespective of the premium payment term. NTUC’s options in this area will help you find the right policy to insure your life with.

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