NTUC Income's Gro Capital Ease

2-Year Plan

Guaranteed Return & Capital Guaranteed

NTUC Income GCE is CLOSED: WAITLIST NEXT TRANCHE ONLY

 

 

Gro Capital Ease July 2021
Pay by:*

We recommend that you pay through Internet Banking due to the COVID19 situation. However, cheque and cashier's order modes of payment remain available.

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 sg_service@insurediy.com.

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 after you have received your proposal number. Please quote your proposal number when making payment.  

* For Bank Transfer, Funds are to be paid out of an account held in your name (i.e. the policyholder).

Email Address
Handphone No. (8 digit of your phone no)
SRS Acc No.

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.

Do you have GCE 'N' level or GCE 'O' level or equivalent or higher academic qualifications?

Are you aged below 62?

Please note that the insurer may not accept your application as you are above age 62 and do not have at least a GCE ‘N’ or ‘O’ Level Certificate, or Equivalent Academic Qualification. You may wish to email us at SG_Service@InsureDIY.com for further assistance. Thank you.

Are you proficient in spoken/written English?

It is important that either you/a trusted individual that accompanies you in this application are/is proficient in spoken or written English. Please click on one of the selections above. A “Trusted Individual” is a person who is/has: (i) At least aged 18; (ii) At least GCE ‘N’ or ‘O’ Level Certificate, or Equivalent Academic Qualification; (iii) Proficient in spoken or written English; and (iv) A person who has the trust of the Client.

Trusted Individual Name
Trusted Individual NRIC

Please note that the insurer may not accept your application as you are above age 62 and not proficient in spoken/written English. You may wish to email us at SG_Service@InsureDIY.com for further assistance. Thank you.

Please note that the insurer may not accept your application as you are not proficient in spoken/written English and do not have at least a GCE ‘N’ or ‘O’ Level Certificate, or Equivalent Academic Qualification. You may wish to email us at SG_Service@InsureDIY.com for further assistance. Thank you.

Please note that the insurer may not accept your application as you are above age 62, not proficient in spoken/written English and do not have at least a GCE ‘N’ or ‘O’ Level Certificate, or Equivalent Academic Qualification. You may wish to email us at SG_Service@InsureDIY.com for further assistance. Thank you.

First Name
Last Name
NRIC Number
Gender
Date of Birth
Residental Address
Postal Code
Are you solely a tax resident of Singapore?
Are you a U.S. Person / Person with a U.S. Indicia?
Tax Identification Number
I confirm that i am not a tax resident of any country (ies) other than the one (s) that I have declared above. I shall notify the Insurer within 30 days from date of change.
Politically Exposed Person (PEP) is an individual who is or has been entrusted with prominent public functions whether in Singapore or a foreign country. Prominent public function as defined in MAS Notice on Prevention of Money Laundering and Countering the Financing or Terrorism includes the roles held by head of state, a head of government, government ministers, senior civil or public servants, senior judicial or military officials, senior executives of state owned corporations, senior political party officials, members of the legislature and senior management of international organisations. By "related", we mean that the life insured, proposer, beneficiary, or beneficial owner are closely connected to a politically exposed person either socially or professionally, or are a parent, step-parent, child, step-child, adopted child, spouse, sibling, step-sibling and adopted sibling of a politically exposed person.
Full Name of the PEP
Position held and Title of the PEP
Politically Exposed Person (PEP) is an individual who is or has been entrusted with prominent public functions whether in Singapore or a foreign country. Prominent public function as defined in MAS Notice on Prevention of Money Laundering and Countering the Financing or Terrorism includes the roles held by head of state, a head of government, government ministers, senior civil or public servants, senior judicial or military officials, senior executives of state owned corporations, senior political party officials, members of the legislature and senior management of international organisations. By "related", we mean that the life insured, proposer, beneficiary, or beneficial owner are closely connected to a politically exposed person either socially or professionally, or are a parent, step-parent, child, step-child, adopted child, spouse, sibling, step-sibling and adopted sibling of a politically exposed person.
Full Name of the PEP
Position held and Title of the PEP
Relationship with PEP
Occupation(*)
Nature of Work(*)
Name of Employer(*)
Nature of Business(*)
Upload Picture of NRIC - Front(*)
Are you a smoker?(*)
Upload Picture of NRIC - Back(*)
Upload Picture of Passport or Proof of Address (Driving licence and NRIC are not accepted) (*)
POA includes utility bills, bank statement or letters issued by statutory or government bodies (dated within past 6 months) with letterhead, name, address and date shown.

Declarations

I confirm that I am not a Selected Client. A Selected Client is any individual who meets any two of the follow criteria: (i) Aged 62 years or older; (ii) Not proficient in written or spoken English; or (iii) Has below GCE 'O' level or 'N' level qualifications, or equivalent academic qualifications.
 
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 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.
 
I can understand that I can view or download a copy of Your Guide to Life Insurance as well as Your Guide to Health Insurance/Your Guide to Participating Policies/Your Guide to Investment-Linked Plans (where applicable) from www.lia.org.sg.
 
I understand that short term Endowment tranche products are in high demand, limited and allocated on a first come, first served basis. There is no guarantee that the single premium I signed up for will be allocated to me by the insurer. My application is successful only when the insurer accepts it and payment is made to the insurer. In the event that the tranche is fully subscribed, InsureDIY will keep me updated on future tranches as these become available.
 

I understand that my personal data will be used and transfered to InsureDIY Pte Ltd in accordance with the Privacy Policy, although I understand that InsureDIY Pte Ltd acknowledges that I may opt out of the use of my personal data for direct marketing purposes by indicating as such to sg_service@insurediy.com.

InsureDIY Pte Ltd and its affiliated companies would like to send me information on relevant products and services that may be of interest to me. Often, InsureDIY Pte Ltd or its affiliated companies are able to notify me on promotional prices that will give me good value. I agree to InsureDIY Pte Ltd and their affiliated companies using my personal data (email, telephone number and postal address) for direct marketing of products and services as set out in their Privacy Policy.

Agreement
Referral Code

In the event that this product is oversubscribed, we will keep you updated on future tranches as these become available.

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Key features for

NTUC Income's Gro Capital Ease

Guaranteed Returns

 

2.43% Guaranteed Total 2-Year
Returns

Capital Guaranteed


Capital
Guaranteed & Covered by SDIC

3 year term


2-Year Term

InsureDIY Capital Plus Promotions

 

Get InsureDIY
Promotions

InsureDIY Online Application


Online
Application
through
InsureDIY

Why Apply for Gro Capital Ease

NTUC Income's Gro Capital Ease is a 2-Year savings product that gives a guaranteed return of 2.43% total 2-year returns (1.21% p.a.) and is capital guaranteed. Interest rates have been falling over the past few months. SSB is now only at 0.38% p.a.. Fixed deposits are only at 0.05% - 0.65%. Apply through InsureDIY and get DIY$ redeemable for vouchers!

The July 2021 tranche is now closed. Please register above and we will notify you once the next tranche is launched. We will also notify you of future similar products.

You may wish to also consider China Taiping's i-Save which will be launching in Sept 2021! Waitlist for i-Save here.

DOWNLOAD & APPLY THROUGH OUR APP!

   

InsureDIY is 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 a broker licensed by MAS and an exempt Financial Adviser.  

 

Other Savings & Investment Products you may wish to consider: 

Product Product Type Register for these Products here:

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i-Save

 

Capital Guaranteed

Guaranteed Return

Insurance Product

3-Year Guaranteed Return

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Best of Bond Funds:

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Unit Trusts

3-Year return: 5.79%

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InsureDIY Promotion (July 2021) - Apply Now

Get DIY$10 for Single Premium amounts of S$60,000 and above and DIY$5 for Single Premium amounts below S$60,000!

Single Premium Amount Bonus Reward
Below S$60,000 DIY$5
S$60,000 and above DIY$10

 

DIY$ can be exchanged for vouchers including InsureDIY vouchers, NTUC Fairprice and Cold Storage vouchers. Check out our rewards catalogue here.

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Gro Capital Ease July 2021 Details - WAITLIST

NTUC Income's Gro Capital Ease is a 2-year single premium plan that provides a guaranteed return and is capital guaranteed. 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 in the second year. 

NTUC Income's July 2021 Gro Capital Ease Product Illustration 

Policy :  Gro Capital Ease (CSN8)
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 1,000.00 607.25
2 1,000.00 1,050.00 614.60
3 1,000.00 Maturity Value
1,024.35

 

 

Other Savings & Investment Products

 

Product Product Type Register for these Products here:

10 SG Logo ChinaTaiping

i-Save

 

Guaranteed Return

Capital Guaranteed

Insurance Product

3-Year Guaranteed Return

Waitlist Now

Best of Bond Funds:

PIMCO logo

BlackRock

JP Morgan logo

Unit Trusts

3-Year return: 5.79%

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 NTUC Income Gro Capital Ease plan as NTUC Income, with exclusive promotions that are not available anywhere else. We are also the only distributor to offer an online application process. So you can enjoy more value through our promo, while saving 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 policyholders 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?

Individuals 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 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.

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InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser.

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