Gro Steady Saver
Income Insurance
Category
Savings
Coverage
Death, Total Permanent Disability
Coverage Term
discrete term 15,25
Overview
NTUC Gro Steady Saver is a regular premium, participating, endowment insurance plan. The plan pays out a yearly guaranteed cash benefit of 5% of the sum assured after 2 years, and a maturity benefit at the end of the policy term. It provides coverage against death, and total and permanent disability, which is the sum assured plus bonuses. Choice of different policy term and premium payment terms.
Key Features
-Endowments, also known as savings plans, require the policyholder to pay a fixed amount for a specified time period (e.g. one-off payment or regularly for 5 to 25 years) and are seen as a disciplined way to save. Endowment plans are offered on a participating basis and will accumulate cash values. You may either receive these cash values at designated policy years or at maturity of policy. Endowments also allow you to surrender your policy and cash out should you urgently require cash.
