Accidents, Disablity, illness, premature deaths and other unforeseen events can happen to any person. Often events like these can cause hardship to family with loss of income, earnings and costly medical expenses.

However, a small premium for insurance can help your family avoid hardship and compensate you sufficiently.

Covering Multiple Risks with a Single Policy

Several policies are usually offered to you to cover various risks, thus more expensive and inconvenient.

NTUC Income provides you a solution with the Family Insurance Plan that can help you to cover various risks for you or your family under one plan. This will ensure your family’s insurance needs are handled more efficiently and conveniently together.

Complete Financial Security

The following table shows the possible risk and riders suitable to cover yourself or your family:

Added Flexibility for changing needs

Existing insurance polices may be rigid and are unable to be adjusted to meet the varied needs of different situations.

The Flexibility of the Family Insurance Plan is able to cater to your changing needs

A single may opt for the Family Insurance Plan prior to marriage and then include his or her spouse and children at a later date. The Family Insurance Plan may also provide additional coverage for parents should they have insufficient coverage. This plan is truly flexibility and meets your needs at various stages of your life.

You may choose to vary the amount of coverage for certain riders depending on the condition of your health and risk factors to ensure that you have the right premium charged.

In addition, insurance for your children can be transferred to them, so that they too may enjoy the same benefits of flexibility of insurance coverage at different stages of their life, for themselves and their own families later.

Renewal Guaranteed until Age 80

At NTUC Income, you have the option to extend your insurance coverage until you are 80* compared to most of the plans in the market that stop at 60 or 65.

*premium will be based on age

Affordable Premiums

Claim experience affects the premium rates, and because claim experience is favourable, premiums from NTUC Income are among the most competitive in the market. In addition, premiums have been lowered by 10% to 20% for most of the riders benefiting existing and new policyholders.

Professional Advice

Appropriate packages will be specially designed for you to best cater your needs to ensure that you have sufficient coverage.

Insurance Riders under the Family Insurance Plan Term – The amount insured will be paid to the holder upon death or permanent total disability (PTD)

Decreasing Term – Pays uniform decreasing sum assured upon death or PTD. This is exceptional beneficial if you are on a loan.

Income Benefit/Special Income Benefit – Monthly income will be paid out upon death, PTD or diagnosed with a specified dreaded disease until expiry of the insured term.

Living Benefit – In addition to insured amount that will be paid out on death, PTD and diagnosis of specified dreaded illness, some amount is given to cope during prolonged illness and loss of income.

Lady Plus – Special coverage only for ladies to insure against illness related to females including that of maternity risks. This policy also covers cost for specified surgery for reconstruction and other cancer related issues. Lady Plus must be opted in with Living Benefit.

Child Plus – Insurance for children covering 10 specified illness and hospitalisation as a result of injury caused by accidents.

Personal Accident Rider – Insured amount will be paid upon death, PTD and temporary disability due to accidents. You may choose from a combination of coverage for death only, death and PTD, etc.

Waiver of Premium Benefit – Premiums will cease if policyholder encounters premature death, disability or major illness.

Hospital Benefit – Standardised amount of compensation for each day you are warded in a government or licensed hospital, subject to a maximum of 365 days for each confinement.

Hospital and Surgical Rider – Expenses for hospitalisation covering ward charges, hospital services, and surgical fees will be reimbursed up to a specifed limit and up to 60 days per hospitalisation. Amount of daily R&B will double for patients in Intensive Care Unit (ICU) for a maximum of 14 days.

If bills are covered by your employer or other medical plans, up to 80% of daily R&B can be offered as alternative cash benefit.

In addition, 10 times of daily R&B will be paid out upon death.

As the rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the fund.