Explore all the insurance plans offered by NTUC Income Singapore
Why do I need insurance? It is probably a question that is often in your mind as you might be unaware of how insurance can be beneficial to you and your family. Insurance products are very popular with people around the globe as they help people to deal with unfortunate events in life. By opting for a comprehensive insurance plan, you can protect your home and its belonging, vehicles, ensure that your medical expenses are taken care of and also get financial assistance in a variety of other unplanned events in life. By opting for an insurance plan from NTUC Income, you will not only be able to protect your finances but will also be able to ensure that your loved ones are taken care of in case something happens to you.
Overview of NTUC Income
NTUC Income is one of the top 3 insurance companies in Singapore. Unlike other insurance companies in Singapore, NTUC Income is managed as a co-operative society and is registered under the Co-operative Societies Act. The company was established in 1970 in order to make all kinds of insurance policies affordable for Singaporeans from all walks of life. Apart from a wide range of insurance plans the company also provides savings and investments plans that offers Singaporeans with an opportunity to save money and build financial assets. The best part about insurance products from NTUC is that they are very affordable and are adorned with numerous beneficial features.
Types of Insurance offered by NTUC Income
NTUC Income offers a range of insurance products in Singapore, including health, life and general insurance. These insurance plans offer the customers with extensive coverage against unplanned events in life. The insurance plans that are offered by NTUC are listed below.
- NTUC Term Insurance – The term insurance plans from NTUC have been designed to help both individuals and organizations in meeting their insurance-related needs. These plans provide very high coverage and yet they do not require the insured individuals or businesses to pay a lot of money as insurance premiums. These insurance plans are available to citizens of Singapore, Permanent Residents of Singapore and also to foreigners. The various term insurance plans offered by NTUC are as follows:
- Plus! Term Life Insurance
- Cancer Protect
- Family Insurance Plan
- Mortgage Protection Plan
- Dependants' Protection Scheme
- Value Pack
- DIRECT – Term
- DIRECT - Whole Life
- VivoCare 100
- Protection Plan
- Senior Plan
- Enhanced IncomeShield
- Value Pack
- Co-Pay Assist Plan
- Managed Healthcare System
- IDAPE (Interim Disability Assistance Programme for the Elderly)
- Foreign Maid Insurance
- Golfer’s Insurance
- Enhanced Home Insurance
- HomeTeamNS Golfer’s Insurance
- SpecialCare (Autism) Insurance
- SpecialCare (Down Syndrome) Insurance
- SilverCare Insurance
- Junior Protection Plan
- Student Sports Injury Plan
- Student Protection Plan
- Overseas Study Protection Plan
- Commercial Insurance
- Group Insurance
NTUC Promotion & Offers
The latest promotions and offers available with insurance plans from NTUC income are as follows:
Promotion for tertiary graduates - if you are a tertiary graduate who had recently completed his/ her course, you will receive a cash back of S$1,000 when you apply for any regular insurance policy from NTUC Income, till 31 December, 2015.
Motorcycle Insurance - Apply for a new motorcycle insurance plan or renew your existing plan to get S$30 as a reward from 1 September, 2015 - 31 August, 2016
SG50 Promotions – Celebrate the 50th birthday of Singapore with NTUC Income and get rewarded for being a loyal customer of the company. Also enjoy a variety of offers when you opt for a new insurance plan.
Travel Insurance – Enjoy a discount of 30% on booking a vacation for two, when you sign up for NTUC Income travel insurance plan till 11 August, 2015. If you are one of the first 300 people that sign up on a given day, you will get a travel gadget worth $69.90 and if you opt for yearly plans, you will get a discount of 15%.
Motor Insurance – Pay the premium for your NTUC Income motor insurance plan with a credit card from OCBC, DBS/ POSB or UOB and enjoy an interest-free period of up to 12 months for making the instalment payments.
PA Assurance – Get a voucher worth $10 for NTUC FairPrice for every $100 paid as a yearly premium, when you opt for a new PA Assurance plan from NTUC Income.
Plus Promotion – Earn LinkPoints every time you spend S$1 with NTUC Income.
Student Plan – Get a travel gadget worth $69.90 when you opt for NTUC Income Overseas Study Protection Plan.
NTUC Insurance - FAQs
- Does the PA Assurance plan from NTUC Income cover overseas trips?
- Are expensive items like antiques, jewellery and art works covered by the NTUC Income Enhanced Home Insurance plan?
- Can foreigners apply for NTUC Income’s Interim Disability Assistance Programme for the Elderly (IDAPE)?
- Does NTUC Income offers loans against the life insurance plan?
- What is the age limit for the Plus! Term Life Insurance from NTUC Income?
Yes, this plan will cover your overseas trips if you are outside the country for a duration not more than 180 days.
Yes, this home insurance plan from NTUC Income covers expensive items like antiques, jewellery and art works.
No, only citizens and permanent residents of Singapore can apply for this health insurance plan from NTUC Income.
Yes, the company offers a loan against its life insurance plan but the approval of the loan is subject to terms and conditions set by the company.
In order to apply for the Plus! Term Life Insurance, you should be aged minimum 21 years of age, but not more than 65 years of age.
News About NTUC Insurance
NTUC Income Releases Telematics-Based Insurance Options
With the help of technology, NTUC Income intends to assess driving behaviour and offer discounts on motor premiums to excellent drivers.
NTUC Income introduced 2 insurance plans that apply information and communications technology. The schemes include Drive Master, which is app-based, and FlexiMileage, which utilises an onboard diagnostics instrument. According to the scores recorded by these programmes, the insured will be given a discount of 5 to 20% on the no-claim discount.
Drive Master records speed, mileage, time, and manoeuvres taken (forced acceleration, braking, etc.). FlexiMileage focuses solely on distance, and not on driving behaviour. It aims to reduce accidents. So, an owner of a low-mileage car will get a 35% discount if the annual mileage is below 5,000 km. Also, the app does not punish a driver for bad driving behaviour.
11th November 2015