• NTUC Income VivoWealth Solitaire

Lifetime Monthly Cash Payouts

 

You will start to receive monthly cash payouts starting from the 6th policy year1 till age 100. Over a year, these cash payouts can add up to 4.2% of your net single premium (of which 1.56% is guaranteed and 2.64% is non-guaranteed). You can choose to spend it as you wish or accumulate it with us at an interest rate of up to 3.25% p.a.2

Centennial Maturity Benefit at age 100

 

Receive 105% of the net single premium paid and a non-guaranteed terminal bonus3, at the point of policy maturity when the insured reaches 100 years old4.

Special Cash Benefit

 

 

Receive a guaranteed special cash benefit equivalent to 1.56% of your net single premium at the start of the 21st and 31st policy year. The special cash benefit is paid on top of the monthly cash payout.

Underwritten By NTUC Income

 

NTUC Income's network of advisers and partners provide life, health and general insurance to serve the protection, savings and investments needs of two million customers across all segments of society.

Additional Feature(s)

  • Guaranteed Acceptance
    Your policy will be accepted regardless of your health.
  • Policy is Eligible for Bonus    
    This policy will share in the profits and losses of the Life Participating.

 

1 If the insured survives at the end of the 5th policy year, you will start to receive monthly cash payouts starting from the 61st policy month onwards till age 100. The monthly cash payout consists of the guaranteed monthly cash benefit and the non-guaranteed monthly cash bonus. The guaranteed monthly cash benefit is 0.13% of the net single premium, while your non-guaranteed monthly cash bonus is up to 0.22% of your single net premium. Over 12 months, you would receive 1.56% of the net single premium as guaranteed cash benefit and up to 2.64% of the net single premium as non-guaranteed cash bonus. The non-guaranteed monthly cash bonus may vary according to the future performance of the Life Participating Fund. You will continue to receive your monthly cash payout at subsequent policy months if the insured is still alive and the policy has not ended. Net single premium means the single premium amount shown in the policy schedule or the reduced amount if a part of the policy has been cashed in earlier.^

2 Interest rate of 3.25% p.a. is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.^

3 Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.^

4 If the insured survives at the end of the policy term, which is the anniversary immediately after the insured's 100th birthday, and the policy has not already ended, the policy will pay 105% of the net single premium and a non-guaranteed terminal bonus ("centennial maturity benefit").^

 

For more information, please visit any of our branches or call us at CIMB At-Your-Service +65 6333 7777.

This information is intended for general circulation and does not take into account the specific investment objectives, financial situation or needs of any particular person. Advice should be sought from a financial adviser regarding the suitability of the investment product, taking into account the specific investment objectives, financial situation or particular needs of any person in receipt of the recommendation, before the person makes a commitment to purchase the investment product. Any mis-statement or non-disclosure of material facts may affect the validity of the policy. In the event that the person chooses not to seek advice from a financial adviser, he/she should consider whether the product in question is suitable for him/her.

This information is not a contract of insurance. The precise terms, conditions and exclusions of this plan are specified in the Policy Contract. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact the insurer or visit the GIA/LIA or SDIC website (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg ).

This product is underwritten by NTUC Income and distributed by CIMB Bank.

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