Once your application is created in NTUC Income's system, an SMS / Email with your proposal number will be sent to you. You will be able to make premium payment via cheque / cashier's order after you have received your proposal number.
Cheques / Cashier's Order are to be made payable to "NTUC Income".
Please write the following at the back of your Cheque:
- Name (as in NRIC)
- NRIC Number
- Contact Number
- Proposal Number
- Adviser: InsureDIY Pte Ltd
For Cashier's Order Only
Please also submit a copy of the Cashier's Order Withdrawal Slip or Cashier's Order Application Form to email@example.com.
Your proposal number will be emailed to you in 5-7 working days. You can proceed to make payment via bank transfer after you have received your proposal number as this will need to be quoted as a payment reference number.
* For Bank Transfer, Funds are to be paid out of an account held in your name (i.e. the policyholder).
Please check that your DBS SRS account number has 14 digits and ends with 223.
Please check that your OCBC SRS account number has 12 digits and ends with 223.
Please check that your UOB SRS account number has 9 digits and starts with 180.
NTUC Income's Gro Capital Ease is a 3-Year savings product that gives a much higher guaranteed return compared to fixed deposits (0.05% p.a. to 1%) or Singapore Savings Bonds (0.32%).
Gro Capital Ease is now closed. Please apply above to waitlist. We will contact you if earlier applicants decide not to proceed with their application.
InsureDIY is the only adviser platform offering NTUC Income's Gro Capital Ease with an online process. You will be able to apply and transfer the premium to NTUC Income directly all from the comfort of your own home. We are an online financial adviser licensed by MAS and we are an approved adviser by NTUC Income.
Get DIY$10 for Single Premium amounts of S$40,000 and above and DIY$5 for Single Premium amounts below S$40,000!
|Single Premium Amount||Bonus Reward
|S$40,000 and above||DIY$10|
Refer your friends and family for Gro Capital Ease and get DIY$10 each.
DIY$ can be exchanged for vouchers including InsureDIY vouchers, NTUC Fairprice and Cold Storage vouchers. Check out our rewards catalogue here.
NTUC Income's Gro Capital Ease is a 3-year single premium plan that provides a guaranteed return higher than the returns provided by Singapore Savings Bonds and fixed deposit rates.
This tranche can be paid for with cash or your SRS funds.
In addition to the guaranteed return at the end of 3 years, NTUC's Gro Capital Ease also includes an additional 5% Death and Total & Permanent Disability benefit cover from the second year.
NTUC Income's Jan 2021 Gro Capital Ease Product Illustration (Apply to waitlistfor the Jan 2021 tranche.)
|Policy||:||Gro Capital Ease (CSN7)|
|Policy Term||:||3 Years|
|Death Benefit||Surrender Value|
|End of Policy Year||Total Premiums Paid to Date (S$)||Guaranteed(S$)||Guaranteed(S$)|
|Product||Expected Launch Date||Register for these Products here:|
China Taiping's i-Save
1.6% p.a. 3-Year plan
|Waitlist open||Apply to Waitlist|
1. Is there any difference between buying NTUC Income Gro Capital Ease through InsureDIY or from NTUC Income directly?
InsureDIY is distributing the same product NTUC Income Gro Capital Ease as NTUC Income. We are offering exclusive promotions on Gro Capital Ease that are not available anywhere else. We are also the only distributor to offer an online application process. So you will get more value through our promo and you also save time!
2. Is there a difference between using cash to pay for the NTUC Gro Capital Ease premium versus using my SRS Funds?
No, there is no difference in terms of the return on the policy. Of course, if you use your SRS Funds to pay for the policy, then the proceeds will be paid back to your SRS Fund. For policholders who pay in cash, the maturity proceeds will be paid by cheque to the policyholder.
3. What is the maximum premium size for NTUC Gro Capital Ease?
There is no specific maximum premium size. The maximum single premium per insured is subject to financial underwriting.
4. What are the minimum and maximum ages for NTUC Gro Capital Ease?
Insureds from ages 10 to 80 can apply for NTUC Gro Capital Ease.
5. If I am a foreigner, can I apply for NTUC Gro Capital Ease?
Yes. However, you must be residing in Singapore at the time of application. We would need to collect additional documents:
InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser. This advertisement has not been reviewed by the Monetary Authority of Singapore.