Limited Offer: 1.58% p.a.1 Guaranteed with NTUC Income’s Gro Capital Ease; Use of SRS Allowed
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After a few tranches that were sold out in days, Gro Capital Ease is back. A non-participating, 3-year endowment plan, Gro Capital Ease offers a guaranteed yield at maturity of 1.58% p.a.1 that will be paid out at the end of the 3-year policy term if the insured survives at the end of the policy term, with no policy alterations or claims made during the entire policy term. This provides a guaranteed maturity benefit of 104.82%2 (rounded to the nearest 2 decimal places) of the single premium, based on the guaranteed yield at maturity of 1.58% p.a.1
Given that the returns and capital are guaranteed as long as the plan is kept to maturity, it is a popular option for those looking to set aside some funds over the next few years....