NTUC Life Insurance

Taking a life insurance is an act that gives you a sense of peace and reassurance knowing you have safeguarded your loved ones in case something happens to you. Life insurance also protects you from unfortunate and unforeseen events that may take away your ability to earn and provide. Protect yourself and your family today and enjoy the benefits for a lifetime.

About NTUC Life Insurance

NTUC, founded in 1970, marked its difference from its inception in the insurance world. It is the only insurance co-operative in Singapore aspiring to make insurance simple and easy to understand and available to all. NTUC is a leader in general, health and life insurance providing value for customers over and above profits for shareholders. NTUC has made a remarkable stand for itself in the eye of development and upliftment by providing free insurance to lower income segments of society, affordable insurance for senior citizens, protection for children with special needs and wide range of corporate social responsibilities.

Types of NTUC Life Insurance

NTUC VivoCare 100

Insure yourself against 100 medical conditions including dread diseases with this simple life insurance plan.

Features

  • Terms available – 15, 20, 25 years or up to the age of 64 or 84 (last birthday).
  • Pay premiums monthly, quarterly, half-yearly or yearly.
  • Share in the profits and losses of the Life Participating Fund.
  • Death and terminal illness
  • Get 100% of the remaining basic sum assured plus bonuses in the event of terminal illness or death.
  • Before the age of 65, receive the same or 300% of the remaining basic sum assured, whichever is higher.
  • Total and permanent disability - Get 100% of the remaining basic sum assured plus bonuses in the event of total and permanent disability before the age of 65.
  • Get 20% of the remaining basic sum assured upon diagnosis of any of the 10 medical conditions listed before the age of 85.
  • Juvenile benefit is paid up to a maximum of $30,000 per life insured. Get 30% of the remaining basic sum assured upon diagnosis of any of the 10 medical conditions listed before the age of 18.
  • For dread diseases:
    • Early stage – 50% of the remaining basic sum assured, to a maximum of $75,000. Claim does not reduce remaining basic sum and bonuses.
    • Intermediate stage - 100% of the remaining basic sum assured, to a maximum of $150,000. Bonuses will be prorated.
    • Advanced stage- 100% of the remaining basic sum assured plus remaining bonuses.

Add ons:

  • VivoCare 100 Waiver Basic – If diagnosed with early and intermediate stage of dread disease, future premium payments will be waived. Applicable if the insured and the policyholder are the same person.
  • VivoCare 100 Waiver Plus - In the event of death, or diagnosis of early, intermediate or advanced stage dread disease terminal illness, or total and permanent disability (TPD before age 65), future premium payments will be waived. Applicable if the insured is not the policyholder.
  • Waiver of Premium - in the event of death or total and permanent disability (TPD before age 65), future premium payments will be waived. Applicable if the insured is not the policyholder.

Eligibility

There is no minimum entry age. The maximum entry age is shown below.

Policy term

Maximum entry age

25 years

59 years

Up to the age of 64 years

49 years

All other terms

64 years

NTUC VivoLife

VivoLife Insurance plan gives you three coverage choices of protection against death, total and permanent disability or diagnosis of dread disease.

Features

  • Protection in the event of death, diagnosis of dread disease or total and permanent disability before age 70.
  • Protection in the event of death and dread diseases on and after age 70.
  • Get up to 200% of the sum assured in case of accidental death before age 70
  • Enhanced coverage with the following plans:
  • VivoLife 125 - Sum assured plus bonuses or 125% of sum assured, whichever is higher.
  • VivoLife 180- Sum assured plus bonuses or 180% of sum assured, whichever is higher.
  • VivoLife 350 - Sum assured plus bonuses or 350% sum assured, whichever is higher.
  • Choice of premium payment term of 5, 10, 15, 20 or 25 years or up to age 64 or 84 (last birthday).
  • Retirement benefit upon reaching the age of 60. You can cash in the policy for 105% of its cash value. You can then convert it wholly or partially to receive regular income.
  • Share in the profits and losses of the Life Participating Fund.
  • In case you are retrenched and unable to find employment, the premium will be waived for up to 6 months. This benefit is offered only once after you have paid premiums for at least 6 months.
  • Pay premiums monthly, quarterly, half-yearly or yearly.

Add ons:

  • Waiver of Premium - in the event of death or total and permanent disability (TPD before age 65), future premium payments will be waived. Applicable if the insured is not the policyholder.
  • Enhanced Waiver of Premium – Enhances the Waiver of Premium rider with the inclusion of diagnosis of dread disease (except for angioplasty and other invasive treatment for coronary artery).
  • Special Waiver of Premium – Waives future premiums of basic plan only on diagnosis of dread disease (except for angioplasty and other invasive treatment for coronary artery).
  • VivoLife Early Cancer Waiver – If diagnosed with early stage major cancer, future premiums are waived.

Eligibility

There is no minimum entry age. The maximum entry age is shown below.

Policy term

Maximum entry age

25 years

59 years

Up to the age of 64 years

54 years

All other terms

64 years

NTUC Protection Plan

NTUC’s Protection Plan is an insurance plan designed to provide you with financial security during retirement.

Features

  • Covers death and total and permanent disability (TPD before the age of 65).
  • At age 60, cash in the policy for 105% of its cash value and choose to convert it wholly or partially to receive a regular income.
  • Choose premium payment terms of up to age 84. For limited policies, the terms are 20 years or up to the age of 64.
  • The policy shares in profits and losses of the Life Participating Fund.
  • Pay premiums monthly, quarterly, half-yearly or yearly.

Add ons:

  • Waiver of Premium - in the event of death or total and permanent disability (TPD before age 65), future premium payments will be waived. Applicable if the insured is not the policyholder.
  • Enhanced Waiver of Premium – Enhances waiver of premium rider with the inclusion of diagnosis of dread disease (except for angioplasty and other invasive treatment for coronary artery).
  • Special Waiver of Premium – Waives future premiums of basic plan only on diagnosis of dread disease (except for angioplasty and other invasive treatment for coronary artery).
  • Living Rider for Protection – extra coverage in the event of total and permanent disability (TPD before age 65), or diagnosis of dread disease.

Eligibility

There is no minimum entry age. The maximum entry age is shown below.

Policy term

Maximum entry age

20 years

60 years

Up to the age of 64 years

55 years

Up to the age of 84

64 years

Senior Plan

Designed especially for senior citizens to provide financial protection through a hassle-free system.

Features

  • No medical examination required.
  • Pay premiums for only 10 years for a lifetime of coverage.
  • Pay premiums monthly, quarterly, half-yearly or yearly.
  • Guaranteed policy if you have not been hospitalised for the past 12 months.
  • The policy shares in profits and losses of the Life Participating Fund.
  • Entry age is 49 to 69 years.
  • In the event of death or total and permanent disability (TPD before the age of 65), the payout is as follows:

Policy year

Amount payable

1st policy year

20% of sum assured

2nd policy year

40% of sum assured

3rd policy year

60% of sum assured

Plus 100% of bonuses

4th policy year

80% of sum assured

Plus 100% of bonuses

5th policy year and after

100% of sum assured

Plus 100% of bonuses

In the event that you have paid more premiums than the amount you are eligible to receive, the total premium amount will be refunded.

Compare NTUC Life Insurance With Other Insurance Companies Offering Life Insurance in Singapore

FAQs - NTUC Life Insurance

  1. Can I take a loan against my policy?

    Yes, you can take a loan against life insurance policy which is subject to terms and conditions.

  2. What is the time period permitted to claim insurance?

    You must submit a claim to NTUC within 6 months from the date of injury, diagnosis or death. The claim is usually processed within 14 days. Please read the policy document for detailed information on submitting a claim.

  3. What happens in case of death by suicide?

    If the life insured commits suicide within the first year of the policy, the premiums paid will be refunded without interest and the policy will be terminated.

  4. What is total and permanent disability?

    Total and permanent disability means that you are unable to be employed for the rest of your life. It covers loss of sight and use of limbs. Being unable to perform the same task as you did before is not covered. Deliberate and self-inflicted injuries are also not considered.

  5. What is a participating policy and the Life Participating Fund?

    If your policy is a participating policy it means that it is managed by the Life Participating Fund. This simply means all premiums paid by insurance policyholders are combined and invested in a well-diversified portfolio. You are eligible to receive bonuses based on the performance of the investments. You are guaranteed the minimum sum assured as per your policy.

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