NTUC Income ST Endowment Generic Next Tranche

Short-Term Tranche Products
Guaranteed Return,
Capital Guaranteed -
Returns are higher
than SSB & Fixed Deposits!

APPLY EARLY
Short-Term Endowment - Apply Early
Single Premium Amount(*)
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This is the single premium amount that you will invest into this plan.

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
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Contact Details
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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 You!
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 and Raffles Health plans only.

Specially for You: 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: Motor Insurance Promotion

Get up to $50 in cashback and $80 in InsureDIY vouchers if you appoint InsureDIY as your existing Motor Insurance adviser.

- Valid for NTUC Income, AXA, HLA, Liberty, Tokio Marine, MSIG and Sompo Motor Insurance plans.

- Not for plans under dealership or other special schemes. Subject to a minimum premium of $800.

- You do not need to complete the application for the Short Term Endowment product to enjoy this promotion.

- Simply send us the signed Change of Adviser form and we will confirm your renewal premium before you proceed to renew through us. Form will be emailed to you.

I'm interested!(*)

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Who is your current insurer?
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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 this product is oversubscribed, we will keep you updated on future tranches as these become available.

 

Open Tranche Products:

 

Product Product Type Indicative Yield Register for these Products here:

aberdeen standard investments logo clear

Fixed Maturity Product

4-Year

non-guaranteed returns

3.3%-3.4% p.a.

 Apply Now 

 

Key features for
Short-Term Endowment Products 

(Details below are for the June 2020 Tranche. The next Gro Capital Ease tranche return has not been announced yet.)

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

Why Apply for Short-Term Endowment Products

 

Short-Tern Endowment Products are 2-Year savings 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. 

 

Other open tranche products:

1. Aberdeen Fixed Maturity Oct 2020: Apply Now (Indicative Yield 3.3%-3.4% p.a.)

  

InsureDIY is the only adviser platform offering Short-Tern Endowment products with an online process. You will be able to apply and transfer the premium to the insurer directly from the comfort of your own home.  

 

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 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 (Closed)

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

 

 

Open products

 

Product Product Type Indicative Yield Register for these Products here:

aberdeen standard investments logo clear

Fixed Maturity Product

4-Year

non-guaranteed returns

3.3%-3.4% p.a.

 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 application.

 

 

 

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.