Is your dream home one of your BIGGEST investments?

What happens if you are not around to pay for the installments?

Will you have the bank or your loved ones to own your home?

Ensure that NTUC Income transfers your home ownership to your loved ones with Mortgage Protection Plan; because the Mortgage Protection Plan will pay the balance of the mortgage loan should death or permanent disability.

For example:

Mortgage Loan = $200,000 (5.5% payable over 20 years)
Monthly premium = $14/mth

For a homeowner a secured loan of $200,000 at interest rate of 5.5%, payable in 20 years, he will have to pay an annual premium of $156.65 or approximately $14 each month. Alternatively, a lump sum premium of $1,660 maybe paid. The term of the policy is 35 years subject to the remaining terms of the mortgage loan. The sum assured to the policy holder will be paid to beneficiaries upon death and the amount should suffice to clear any outstanding loans.

A maximum of $200,000 a year is paid to policyholder in a single payment or over installments for in the event of permanent and total disability. Amounts paid back vary on the sum assured to policyholder.

Covers Your Housing Loans

Income’s Mortgage Protection Plan can cover your housing loans whether you own a HDB Flat or private property. All you need to do is to submit your relevant documents to our advisors and we will assist and advise you accordingly.

Low Premium

Low cost premiums are specially designed for you and you can choose to pay premiums conveniently using GIRO, salary deduction or directly to NTUC Income, either by single or annual premium.

PTD Cover Extended to Age 65

At no extra cost to you, you will receive coverage for Permanent Total Disability. In addition, this PTD coverage has been extended

Cover for 30 major illnesses

You and your families can be relieved of financial stress with Living Benefit rider where 30 major illnesses can be covered with additional premium plus a choice to waive future premiums upon diagnosis of the above illnesses.