Your retirement should be the best days of your life. To live in comfort and ease after retiring, you need financial stability and independence. You can have that, and more with NTUC Income Annuity Plans, retirement plans that allow you to use your CPF savings as well as to offer you an income after you retire.

Maintain your lifestyle
Life would be a breeze even after retirement with the regular payouts that NTUC Income Annuity Plans provide. Enjoy peace of mind knowing that this income is guaranteed for your lifetime.

This lifetime guarantee is of great importance to ensure that your lifestyle is not compromised by increasing longevity. Life expectancy is 82.2* and 85.6* years old for males and females aged 65 respectively as of year 2008. And life expectancy is expected to increase.

This regular income can pay for living expenses, annual vacations and even hobbies you choose to pursue in your retirement years.

Feel safe and secure
Your nest egg is well protected with NTUC Income Annuity Plans, as your savings will be capital-protected in the event of death or surrender.

Enjoy attractive annuity rates
Keep your CPF savings working hard for you. Enjoy an annual projected bonus rate of 2% p.a.†.

Illustration based on male aged 55 who invests $106,000 with draw down age at 65.

** The illustrated values use bonus rate assuming a projected investment rate of return of 5.25% p.a. For a more detailed illustration, please refer to the benefit illustration.

Experience great flexibility
Annuity payments frequency can change according to individual’s needs. Annuitants can choose to receive their regular income at a monthly, quarterly, half-yearly or yearly basis for their lifetime.

Further, annuitants can also choose the payment mode according to their needs.

• Classic Annuity (Deferred)
• Pay your NTUC Income Classic Annuity premiums with cash or CPF, under the CPF Minimum Sum Scheme (MSS), CPF Minimum Sum Plus Scheme (MSPS) or Supplementary Retirement Scheme (SRS).‡
  


• Guaranteed Life Annuity (Immediate or deferred)
• Guaranteed Life Annuity can be purchased using cash, SRS or CPF savings.
• Immediate annuity option is also available for purchase using CPF MSS and MSPS.  For this case, the annuitant's age must meet CPF's prevailing draw down age requirement.

* Singapore population as published in Straits Times 13 February 2008.

† 2% p.a. is not guaranteed. As the rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the life insurance fund.

‡ CPF minimum sum for members turning 55 years old from 1 July 2008 to 30 June 2009 will be revised to S$106,000 with effect from 1 July 2008. The annuity plans’ minimum sum draw down age is revised to 62 – 65, depending on the date of birth of the member.

Buying a life insurance plan 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 at time of posting. Please check with NTUC Income for subsequent updates, if any. The information provided on this website is for general information only and not a contract of insurance. Please refer to policy document for precise terms and conditions.

Please call 62Income (6246 2663), email product@income.com.sg or
Visit our branch/business centres, contact your insurance adviser