SAIL

NTUC Income’s SAIL: The savings plan with insurance coverage that works harder for you. High returns and regular payouts to meet your long-term investment goals.

Whether you're saving up for your child's education or your retirement, SAIL (Save As I Like) is a new single premium savings plan that lets you relax and look forward to a regular income for your retirement.

What are the benefits?

• Flexible savings options to suit your needs
  You choose the savings term and amount.
  SAIL gives you the flexibility to choose how much and for how long you want to save. 10 years or 30? You decide.



• Your returns – your way, at up to 4.10%¹ per annum
  Lump sum payout or a stream of of steady income over 20 years? You decide.
  At the end of your savings period, you’ll also get to decide how you want to get your returns back. As a lump sum payout for that round-the-world trip or an attractive stream of steady income² over 20 years to provide for your retirement needs – you choose what best suits your plans.
  
  SAIL gives you a potential yield of up to 4.10%¹ per annum. Here’s how it could work for you, based on a total savings premium of $65,700:
  
  Illustration is based on a male, aged 35, with a 10-year savings term followed by the 20-year payout option.


• Hassle-free application process⁵
  No medical checkup required⁵– start investing right away.
  
  Now, you can apply for SAIL without going through all the hassle of medical checkup. With our easy, quick application process, you can start investing right away.



• Added protection with insurance coverage
  Additional insurance coverage for Death and Total and Permanent Disability (TPD before age 65).
  
  Get added peace of mind. In addition to your existing insurance plans, SAIL also provides essential insurance coverage for Death and Total and Permanent Disability⁶ (TPD before the age of 65).



• Low minimum investment amount
  Start with just a $5,000 commitment.
  
  You can start investing through SAIL with a low minimum of $5,000 either in cash or from your tax-advantaged Supplementary Retirement Scheme (SRS) savings.

IMPORTANT NOTES

1 The projected yield of 4.10% p.a. is based on a male, aged 35 with a single premium of $65,700 and the policyholder chooses to take the lump sum payment at the end of a 10-year savings term. Returns are not guaranteed. Figures used in the illustration are rounded off to the nearest hundred. Please refer to the Benefit Illustration for the exact figures.

2 After the savings period, if you choose not to receive the lump sum payout, your policy will be converted to give you an annual income for the subsequent 20 years.

3 The regular payout amount is set at 5.5% p.a. of the conversion value (i.e. $100,000 for the illustration). The actual amount of conversion value depends on the performance of the Life Participating Fund and is not guaranteed.

4 Bonus payout is projected at 2.5% p.a. of the total conversion value, assuming the Life Participating Fund earns a long-term average of 5.25% p.a. This bonus is not guaranteed.

5 Medical checkup and underwriting is not required for savings amounts up to $100,000.

6 Total and permanent disability (TPD) is payable only if it occurs before the insured attains the age of 65.

This website is for general information only and is not a contract of insurance. The precise terms, conditions and exclusions of this plan are specified in the Policy Contract. You should seek advice from a qualified adviser if in doubt. If you choose not to, you will have to take sole responsibility to ensure that this product is appropriate to your financial needs and insurance objectives. 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.

Information is correct as of 1 September 2009.