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Reach (Limited Premium Endowment Plan)

Monday, 10 May 2010 15:38 Ginny Lim

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NTUC Income has launched a new short-term regular savings endowment plan, Reach.

Reach is a limited premium payment term of 5 years which matures in 8 years or 10 years and provides guaranteed cash benefits and protection. The projected returns for a male, age 30, with Sum Assured of $50,000 for a 8-years term is 2.8% and 3.1% for the 10-years term.

This is how Reach works.

You save a fixed sum of money to NTUC Income for 5 years.
At the end of fifth year, NTUC Income will provide guaranteed cashback of 10% of Sum Assured to you. You can choose to
(a) Spend it.
(b) Save with us at current 3.5% per annum interest in deposit account issued by Income
At any point in time, you can withdraw the money from the Deposit account.

Reach not only offers better interest rate, it also provides protection against death, Total permanent Disability (lost of sight, two legs etc.) and the coverage for accidental death is also doubled.

| Read more... | Ask Ginny | Source: NTUC Income |

Last Updated on Monday, 24 May 2010 16:33

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Newsflash

NTUC Income pay out $415.5m bonus to policyholders , 30 Apr 2010

Insurer NTUC Income are pleased to declare an additional special anniversary bonus to complement your annual bonus. As well as a cash bonus¹ for our long-standing policyholders.

Once again, NTUC Income has resolutely published thier yields for one reason – to be transparent.

Actual Yield: Endowment

Policy Term	For males & females, entry age: 25 years old, S$100 monthly premium²
Policy Term	Maturing in 2010	Average Maturity Yield (2006 - 2010)
20	5.47%	5.88%
25	5.95%	6.03%
30	5.90%	5.92%

Actual Yield: Whole Life

Gender	Entry age: 30 years old with Sum Assured of S$50,000
Gender	At age 55 in 2010	Average Yield (2006 - 2010)
Male	4.72%	4.72%
Female	5.41%	5.41%

1 This cash bonus is paid out on your oldest policy, which must have been in force for at least 10 years as at 31 December 2009. If you are residing overseas, or if the policy has been placed under a trust or is under the care of the Official Assignee, this cash bonus will be credited to your policy to offset future premium payments; or if no premiums are payable, the cash bonus will be paid out when the policy matures, is surrendered or if a claim is made. This cash bonus is not included in the calculations for actual yield.

2 Yields are calculated based on annual premium equivalent to S$100 monthly. Yield calculations are audited by Towers Watson. Actual yields may not be indicative of future policy yields.