NTUC Gro Capital Ease June 2020 tranche

NTUC Income's Gro Capital Ease - Waitlist Now!
Guaranteed Return,
Capital Guaranteed
Returns are higher
than SSB & Fixed Deposits.

 

APPLY NOW
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NTUC Income Gro Capital Ease
Single Premium Amount(*)
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This is the single premium amount that you will invest into this plan.

Gro Capital Ease can be purchased by cheque or by SRS funds. The cheque must be made payable to “NTUC Income”.
Pay by:(*)

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SRS Account Number:
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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.
 
About You
Full Name as in NRIC(*)
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Employment Status

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Contact Details
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Source of Funds
Source of Funds to Pay Premiums(*)

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Declarations
I confirm that I am solely a tax resident of Singapore and do not have a foreign tax residency. My Singapore TIN is my NRIC or FIN.
I am not a Politically Exposed Person (PEP).
I confirm that I am the payor as well as the proposer for this plan.
I am not currently applying for any other Life Insurance policies and I do not intend to replace any of my existing policies with this policy.
I would not like my dependant(s) to be taken into consideration for the needs analysis and recommendation(s).
I wish to receive product advice only and do not need my other insurance plans to be considered for needs analysis.
My financial priority is short-term savings. I prefer fixed income, capital guaranteed products. The return is within my expectations.
I tend to be conservative and would sell my investments to preserve cash in a short-term decline and I am uncomfortable with any loss of capital.
Capital preservation is my priority and my investment time frame is less than 5 years.
There are no events that will affect my financial condition in the next 12 months.
Inflation of 0.4% is reasonable as this was the 2018 CPI
Declarations(*)
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Cashback Exclusives for Gro Capital Ease applicants
Promotion 1: Integrated Shield Plans

Get up to $50 in cashback and $80 in InsureDIY vouchers if you appoint InsureDIY as your existing Integrated Shield plan adviser or apply for a new Shield plan.

Cashback is based on your Annual Shield Premium (including Rider premium). For NTUC Income, Aviva and Raffles Health plans only.

Special for Gro Capital Ease applicants: Add $10 to our standard cashback promo below!

Premium: Cashback

$500 - $699: $20

$700 - $999: $25

$1,000 and higher: $40

Plus $80 in InsureDIY vouchers to offset your Motor, Travel and Domestic Helper Insurance premiums

I'm interested!(*)

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My current Shield plan is with:
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The change in adviser forms will be emailed to you separately.

The link to our Integrated Shield comparison will be emailed to you separately.
Promotion 2: Whole of Life Critical Illness Cover for your children

Get $100,000 of Critical Illness cover for only $66.90 per month! Best of all, the cover is Whole of Life and pays out on Early to Late stage conditions.

- Get Whole of Life Critical Illness cover. Not available with other Critical Illness plans

- Early to Late Stage Critical Illnesses covered

- Short premium term. Policy will be fully paid up after the premium term.

Cashback Promo of up to $388 for Gro Capital Ease applicants. $66.90 is the monthly premium rate for a healthy 10-year old male and is payable for 25 years only.

I'm interested!(*)

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Critical Illness Cover
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Gender of Insured
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Date of Birth of Insured
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Is the insured a smoker?

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The critical illness quotation will be emailed to you separately within 3 working days.
 
Where did you hear about us?
Where did you hear about us?

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Referral Code - If Applicable
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In the event that Gro Capital Ease is oversubscribed, we will keep you updated on future tranches as these become available.

Key features for
NTUC Income's Gro Capital Ease

The application process for Gro Capital Ease has closed. If you are keen to be on the waitlist, please apply above. Payment is only needed after you receive an allocation.

Guaranteed Returns

 

Guaranteed
Returns of 1.85% p.a.

Capital Guaranteed


Capital
Guaranteed

3 year term


2-Year Term

InsureDIY Capital Plus Promotions


Get InsureDIY
Promotions

InsureDIY Online Application


Online
Application
through
InsureDIY




NTUC Income logo

 

Why Apply for Gro Capital Ease

 

NTUC Income's Gro Capital Ease is a 2-Year saving product that gives a much higher guaranteed return of 1.85% compared to fixed deposits (1.1% p.a. to 1.4%) or Singapore Savings Bonds (0.34%). 

 

Gro Capital Ease applications are now closed. Please waitlist here. 

 

Other open tranches:

China Taiping's i-Save (3-Year, 2.05% p.a.) (Apply here)

  

InsureDIY is the only adviser platform offering NTUC Income Capital Plus 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.  

 

InsureDIY Promotion (June 2020)

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
Below S$40,000 DIY$5
S$40,000 and above DIY$10

 

Refer your friends and family for Capital Plus and get DIY$10 each.

 

Referral Reward
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 logo

 

Gro Capital Ease Jun 2020 Details

NTUC Income's Gro Capital Ease is a 2-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 2 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 June 2020 Gro Capital Ease Product Illustration

 

 

Policy Gro Capital Ease (CSN5)
Policy Term 2 Years

 

 

  Death Benefit Surrender Value
End of Policy Year Total Premiums Paid to Date (S$) Guaranteed(S$) Guaranteed(S$)
1 1,000.00 1,000.00 865.75
2 1,000.00 1,050.00 881.75
2 1,000.00 Maturity Value
1,037.35

 

 

Other guaranteed return,
capital guaranteed tranches

 

Product Expected Launch Date Register for these Products here:

10 SG Logo ChinaTaiping

China Taiping's i-Save

3-Year plan 2.05% guaranteed return

Open for application Apply now 

 

Here are some common questions
about NTUC Income's Gro Capital Ease Plan

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. However, we are offering exclusive promotions on Gro Capital Ease that are not available anywhere else. We are also the only distributor to offer an immediate 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:

 

  • Copy of passport with proof of entry
  • Valid employment pass for those who are working (minimum validity of 6 months prior to expiry)
  • Student pass or dependant pass is required for those who are not working
  • Proof of residential address such as a copy of the utility bills, bank statement or letters issued by statutory or government bodies (dated within past 6 months)

 

Please do email us the above documents at sg_service@insurediy.com after filling in our online application form here.

 

 

 

InsureDIY is an online financial adviser licensed by Monetary Authority of Singapore and we are an approved adviser by our panel of insurance companies. This advertisement has not been reviewed by the Monetary Authority of Singapore.