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GRO ANNUITY

Income Insurance

Category

Savings

Coverage

Death

Coverage Term

Whole Life

Overview

NTUC Gro Annuity is a single premium, participating, annuity insurance plan. The plan provides guaranteed lifetime income after you retire, and flexibility to choose the frequency of annuity payout. You can also choose to start your annuity payout immediately, or receive it after a period of time. Choice of cash or SRS to purchase this plan.

Key Features

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Earn up to 45% commission rebates*

*For eligible insurance plans only

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Understanding Savings Plan

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.

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