NTUC INCOME New Revolutionary Savings Plan Launched: REVOSAVE
August 26th, 2007 by ALVIN SOONG
Come rain or shine,
be prepared with revosave
Life is full of ups and downs. With revosave, we are here to catch you when you are down, but unlike others, we can lift you higher when you’re up.
It is simple really. We prepare you for a rainy day with insurance and savings. And when the sun comes out and you are ready to indulge, we will be there with Cash Benefits to give your life an added shine.
But why stop there? Go ahead and work your money a little harder with our investment-linked funds to earn even greater returns.
revosave is the perfect solution for you, because you do not just want the most out of your money, but also the most out of life.
Maximise your savings for that rainy day
With revosave, your very affordable monthly premium earns an attractive potential return of 3.7% per annum, so you are better prepared when the going gets tough.
This attractive 3.7% annual return is based upon a male, aged 30, with a term period of 21 years and paying a monthly premium of $205.30. His sum assured will be $30,000 and projected return is $76,050.
Cash benefits for whatever, whenever
Starting from the end of your second policy anniversary (or the 25th month), you will receive a guaranteed Cash Benefit at 5% of the sum assured. This is payable at each policy anniversary, up to 120% of the sum assured for the entire policy term.
In other words, a 21-year policy with sum assured of $30,000 will give you an annual 5% ($1,500) fixed return for 19 years (5% x 19 years = 95% sum assured). We will make up the balance of 25% ($7,500) so you will always receive 120% of the sum assured.
Now you can afford to indulge, whether it is an exotic safari holiday in Africa or a luxury timepiece.
Grow your returns with investments
If you would like a shot at higher returns, revosave offers even more flexibility with the option to invest your Cash Benefits in our Combined Funds. Managed by top fund managers worldwide, our Funds hold an excellent track record, with average returns of 10.9% per annum since inception (source: NTUC Income Fund Factsheet for the financial year ended 31 December 2006).
As a revosave policyholder, you will also get to enjoy a waiver of any sales charge or policy fee for your Investment-Linked account.
Peace of mind with comprehensive coverage
revosave’s insurance coverage provides death as well as permanent & total disability benefits. For greater peace of mind, supplementary benefit riders are available with revosave.
Savings, investments, protection and the flexibility to manage these as you please, that’s revosave - so you can enjoy everything your money can do.
* Returns are projected based on estimated bonus rates that are not guaranteed and vary with future performance of the fund.
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 office for subsequent updates, if any. The information provided on this website is for general information only and not a contract insurance. Please refer to policy document for precise terms and conditions.
For more info.,drop me a mail at alvinsch@singnet.com.sg (place your SUBJECT TITLE: REVOSAVE)
