Life Insurance

LUV – Product Summary

Enjoy more coverage for less with preferential
rates for NTUC members and their families.
That is the Income difference.

LUV is a term life insurance that gives you and your family1 greater security in times of need with high coverage at a low premium. What’s more, you can be protected under LUV till age 70, as long as you take up this policy at or before the age of 60 and remain an NTUC member. You can continue to be covered under LUV even if you change jobs or are in between jobs.

  • Premium rates for as low as $0.702 per day with comprehensive coverage against death, disability3 and 30 critical illnesses4
  • Loyalty discounts of up to 10%
  • Additional payouts over and above the sum assured in the event of total and permanent disability (TPD before the age of 65)
  • Hospital cash benefits in the event of hospitalisation
  • Hassle-free application
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1 Your husband or wife and children will be eligible for the application of coverage only if you, as the insured and member of NTUC, are covered under the same LUV cover, unless your application has been declined or postponed by NTUC Income in view of underwriting. The sum assured or plan type for your husband or wife and children should not exceed your sum assured or plan type unless your sum assured or plan type has been reduced by NTUC Income due to underwriting reasons.

2 Premium rate is applicable only to insured aged 19 to 45 (age next birthday) for sum assured at $100,000 under the Deluxe cover.

3 Table of Compensation will apply for partial and permanent disability due to an accident before age 65.

4 Critical illnesses coverage is only applicable under the Deluxe cover.

This is for general information only. You can find the usual terms and conditions of LUV plan in the master policy contract issued to National Trades Union Congress (“NTUC”). The cover for LUV plan will automatically end upon the termination of the master policy by either NTUC Income or NTUC. 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. This plan does not have any cash value.

This plan is underwritten by NTUC Income

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 GIA/LIA or SDIC websites ( or or

Information is correct as of 25 April 2014


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75 Bras Basah Road
NTUC Income Centre
Singapore 189557

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