NTUC Income iTerm Product Information

NTUC Income iTerm, term insurance singapore
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Last Updated on by Tree of Wealth

NTUC Income’s iTerm sounds like an Apple product, but is actually a term insurance that pays out for death, terminal illness or total and permanent disability (TPD before age 70).

Product Features and Benefits at a Glance

Guaranteed renewal

Renew your policy to extend the coverage, until the maximum age of 84 last birthday (your actual age will be 85 years old). Renewal is guaranteed and no medical examinations or underwriting is required. Premiums will be based on renewal age.

Payor Premium Waiver

During the rider’s coverage term, future premiums will be waived in the event when payer dies or suffers total permanent disability (TPD before 70 years old). Life assured will continue to be covered for. This rider is only for 3rd party payer. Insured must not be policy holder.

Enhanced Payor Premium Waiver

During the rider’s coverage term, future premiums will be waived in the event when payer dies, suffers total permanent disability (TPD before 70 years old) or diagnosed with advance stage critical illness. Angioplasty and other invasive treatment for coronary artery is not included. Life assured will continue to be covered for. This rider is only for 3rd party payer. Insured must not be policy holder.

Dread Disease Premium Waiver

During the rider’s coverage term, future premiums will be waived and not required to pay when diagnosed with advance stage critical illness. Angioplasty and other invasive treatment for coronary artery is not included.

Essential Protect

Sum assured for this rider will be paid out in the event of death, total and permanent disability (TPD before age 70), terminal illness or diagnosis of advance stage critical illness (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.

Total Protect

Sum assured for this rider will be paid out in the event of death, total and permanent disability (TPD before age 70), terminal illness or diagnosis of early to intermediate to advance stage critical illness (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.

Additionally, the Total Protect rider provides Advanced Restoration Benefit. This offers additional protection for cancer, stroke and heart attack for specified severity after an early or intermediate stage critical illness claim has been paid out.

How NTUC Income iTerm Works

NTUC Income iTerm, term insurance singapore
source: NTUC Income

 

Conclusion For NTUC Income iTerm Product Information

As with all term life insurance plans, the suitability of this plan for you will largely depend on your needs and expectations. There are many term insurance plans in the market with many strong Insurers. Which one suits you the most?

To find the most suitable coverage, simply fill in the form below and our friendly licensed FA advisor will get in touch with you. Based on your needs, a custom made solution will be adjusted only addressing your concerns.

No obligations, no hidden fees. All advice are of no charges.

 

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