By: Adrian Khiat
There are many people in my blog criticizing the Growth Plan from NTUC Income. I had also rejected some of the comments because the language used to scold NTUC Income advisers was unacceptable and uncalled for.
What exactly is this Growth Plan about? I like to first proclaim that my blog have nothing to do with NTUC Income, hence you can be assured that my view is independent and unbias.
Growth Policy is a Single Premium Endowment plan
Shortest Term - 5 yrs
Minimum Premium - $5,000
* Maturity Cash value consist of Guaranteed and Non-guaranteed portion
* Sum Assured covers Death and PTD and is doubled in event of accidental death.
* As a special privilege, surrender value = single premium after policy in-force over 12 months. This special privilege is not guaranteed and subjected to Life Insurance Fund actual experience. Read more...