Last Updated on 16, May 2014
Today, NTUC Income announces the launch of NTUC Income Vivocare 100. NTUC Income Vivocare 100 is a whole life insurance policy which provides the following coverage:
- Death & Terminal Illness
- Total and Permanent Disability
- 32 Early Stage Dread Diseases
- 28 Intermediate Stage Dread Diseases
- 30 Advanced Stage Dread Diseases
- 10 Special Benefits
- 10 Juvenile Benefits
The premium term is
- 15, 20 or 25 years
- Up to age 64 or 84 years old
The following are the optional riders:
- Waiver Basic (WPV3): Waives all future premiums upon diagnosis of early or intermediate dread disease of the insured (only applicable for 1st party policy)
- Waiver Plus (WPV4): Waives all future premiums upon death, terminal illness, TPD, early, intermediate or advanced stage dread disease diagnosis of the policyholder (only applicable for 3rd party policy) –
- Waiver of Premium Benefit Rider (WPV1): Waives all future premiums upon death or TPD of the policyholder (only applicable for 3rd party policy)
In the meantime, the NTUC Income VivoCare (EVRP) will be withdrawn after 31 March 2014.
Note that the NTUC Income Vivocare 100 may not be suitable for certain individuals.
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jl says
Hi, in what ways does vivocare100 is not suitable for everyone?
Wilfred Ling says
Every insurance product is meant to address certain needs. Not everybody has the same needs.
xyz says
Uhh, without even looking at the BI I can already tell that this sucker is gonna be expensive with high hidden charges. If you’re looking at the so-called savings component (which 99% of salesmen will focus on, and also 99% of customers), you’re gonna be disappointed. Furthermore all BI’s nowadays are wildly optimistic — be prepared that the real life returns will be only half or 1/3 of what is printed in the BI.