RevoSave

RevoSave

A flexible savings plan that allows you to save and enjoy guaranteed cash benefits while protecting you.

What it covers

Guaranteed cash benefits

You will start to receive 5% of the sum assured as your guaranteed yearly cash benefit [1] after 2 years. You can choose to spend it as you wish or accumulate it with us at an interest rate of up to 3.5% p.a. [2]

Death and total and permanent disability for RevoSave

We pay the sum assured and bonuses [3] in the event of death or total and permanent disability (TPD before age 65).

Death and total and permanent disability for Limited Pay RevoSave and Limited Pay RevoSave (5-Pay-10)

We pay the 105% of all net premium paid and 100% bonuses [3] in the event of death or total and permanent disability (TPD before age 65).

Features

Your policy will be accepted regardless of your health condition when you choose to pay your premiums over 5 or 10 years [4].

For Limited Pay RevoSave (5-Pay-10), your capital is guaranteed [5] upon maturity when you pay your premiums on a yearly mode.

This policy will share in the profits and losses of the Life Participating Fund [3].

Enhance your plan

Waiver of Premium

We waive future premium payments of the basic plan in the event of death or total and permanent disability (TPD before age 65) of the policyholder during the term of the rider. This rider is applicable only if the insured is not the policyholder.

Enhanced Waiver of Premium

We waive future premium payments of the basic plan in the event of death, total and permanent disability (TPD before age 65), or diagnosis of dread disease [6] (except for angioplasty and other invasive treatment for coronary artery) of the policyholder during the term of the rider. This rider is applicable only if the insured is not the policyholder.

Special Waiver of Premium

We waive future premium payments of the basic plan, if the policyholder is diagnosed with dread disease [6] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.

Before you apply

Policy Minimum entry age (last birthday) Maximum entry age (last birthday) Premium payment term Policy term
RevoSave 0 54 15 – 25 years 15 - 25 years, subject to the policy maturing no later than age 69 (last birthday) of the insured.
55 60 15 years 15 years
Limited Pay RevoSave 0 54 5 or 10 years 15 – 25 years
55 60 15 years
Limited Pay RevoSave (5-Pay-10) 0 70 10 years 5 years

You can make your payments monthly, quarterly, half-yearly, or yearly.

Important Notes

Footnotes

 
  1. You will start to receive 5% of your sum assured as your yearly cash benefit starting from the end of the 2nd policy year if you have paid the premiums for at least 2 years. You will continue to receive your cash benefit at subsequent policy anniversaries if the insured is still alive and your policy has not ended.
  2. Interest rate of 3.5% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by NTUC Income.
  3. Bonus rates are not guaranteed and will vary according to the future performance of the Life Participating Fund.
  4. You will be given guaranteed acceptance regardless of heath conditions. If any rider is attached, you will have to undergo health underwriting.
  5. Capital guarantee applies to yearly premium mode only and on the condition that the policy is held until the maturity date with no policy alterations or claims made during the entire policy term.
  6. A waiting period of 90 days will apply from the date of rider issue, inclusion or increase of any benefit, or rider reinstatement (whichever is latest) for major cancers, heart attack and coronary artery by-pass surgery.

Exclusions

 

There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

Important Notes

 

This page is for general information only. You can find the usual terms and conditions of this plan in the policy contracts for RevoSave, Limited Pay RevoSave and Limited Pay RevoSave (5-Pay-10). All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. Buying a life insurance plan is a long-term commitment on your part. If you cancel your plan prematurely, the cash value you receive can be substantially less than the premiums you have paid for the plan.
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 NTUC Income or visit the websites of the General Insurance Association of Singapore (www.gia.org.sg), the Life Insurance Association, Singapore (www.lia.org.sg) or Singapore Deposit Insurance Corporation (www.sdic.org.sg).

Information is correct as of 09 April 2015

Frequently asked questions

How to apply

For enquiries about savings and investment products, please call our hotline:
6788 5515

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