LUV is specially designed for NTUC members and their families. With you in mind, we have made this plan as affordable as possible with premium rates starting from just $0.70* per month.

It gives you and your family greater security against life’s uncertainties. Its comprehensive coverage includes:

• Death, permanent and total disability, and permanent and partial disability
• Hospitalisation
• Critical illnesses

Best of all, LUV provides you with continued insurance coverage even if you change jobs or are between jobs. You can also enjoy loyalty discounts when you are insured with the plan for more than 3 years.

*Applicable only to policyholders aged 1 to 18 undertaking Basic Plan 1. Refer to Premium Tables for other applicable rates.

A plan designed with you in mind
LUV is designed for every NTUC member. It is especially suitable for those without any basic insurance coverage; families of NTUC members who are not insured as well as those who want to enhance their existing insurance policies.

NTUC members with no basic insurance coverage
It is important that you are covered with basic insurance coverage and LUV provides such assurance. The rule of thumb is to be insured with an amount at about 10 times† your annual salary so that your immediate family members can tide over difficult times in the event that misfortune befalls.

Illustration
Below is an example of how much one should be covered with LUV based on a male individual who is earning an annual salary of $24,000 and only has coverage of $46,000 under Dependants’ Protection Scheme‡ (DPS).

With this, it is recommended to take up a LUV plan with sum assured of $200,000.

† Source: Life Insurance Association of Singapore, 29 March 2007.
‡ The Dependants’ Protection Scheme (DPS) is an optional term-life insurance scheme which covers members for an insured sum of $46,000 up to age 60.

Families of NTUC members who are not insured
LUV gives you peace of mind by insuring your family against life’s uncertainties. Though your spouse or children may not be contributing financially to the family, it is important that they are also insured adequately. With LUV, you would be able to provide extensive coverage for your family at a low cost. The coverage which you took up for your family members will give you timely payout when you need it most.

NTUC members and their families who want to enhance their existing insurance policies
With exclusive benefits created just for NTUC members, you can rest assured that you are getting a high coverage at an affordable rate. You can always supplement your existing insurance plan with LUV for a greater coverage.

Timely payouts
No matter what road bumps you may hit along the way, take comfort in knowing that LUV is here to safeguard your loved ones from unexpected financial obligations. LUV eases the burden with timely payouts of an additional 1% per month for 12 months or till age 65 years (whichever is earlier) when mishaps resulting in permanent and total disability occur. Should you suffer from permanent and partial disability due to an accident, LUV will see you and your family through with payouts (schedule of losses apply).

Ease your hospitalisation costs
Rising costs of medical care is a cause for concern. In the event of an accident, relieve the extra burden on your loved ones with LUV’s Hospital Cash Benefit which pays you $50 for each day of hospitalisation per $100,000 sum assured (up to a maximum of 365 days per confinement).

Assurance for critical illness
It is a long road to recovery upon the diagnosis of a critical illness. Apart from coping with the emotional distress, the financial strain can take a toll on your family members as well. LUV’s critical illness cover helps your loved ones cope financially during this difficult period. Receive payouts of the full sum assured upon diagnosis of any of the 30 critical illnesses such as cancer, heart attack or stroke.

Affordable premiums
With low monthly premium rates, LUV provides you and your family an inexpensive yet comprehensive coverage to prepare for the unexpected. You can choose either the basic or deluxe plan.

Loyalty discount
Life gets more rewarding when you extend the protection you get with LUV. Be protected with LUV for three or more consecutive years and enjoy up to 10% loyalty discount on premiums.

Continued insurance coverage
Once you have signed up for LUV, you will be protected as long as you are an NTUC Union member. Unless you choose to terminate your policy, LUV provides you with continued insurance coverage even if you change jobs or are between jobs. What’s more, this plan covers you up to 70 age next birthday.

Hassle-free application
Speed up your application process as no medical check-up is required. All you have to do is:

• Complete and return the attached application form
• Call 62 INCOME (6246 2663)
• Submit online now

GIRO payment is required. Download the GIRO Application Form, complete and mail it to to the following address:

NTUC Customer Service Centre 1 Marina Boulevard #B1-01 One Marina Boulevard Singapore 018989 (Att: Finance Department)

For Ordinary Branch (OB) member, please download, complete and mail the Union Membership Validation (UMV) Form to the same address above.

If your membership is in the union membership system, you do not need to submit the UMV Form. Please call NTUC Hotline at 6213 8008 or email membership@ntuc.org.sg to check.

Please call 62Income (6246 2663) or email product@income.com.sg