Stay with Incomeshield

Taken from NTUC Income's website

If you have been approached to switch from Incomeshield to another Shield product, you should consider your decision carefully. Here are some key advantages of Incomeshield:

- Our premium rates are more affordable than other Shield plans
- We provide adequate coverage to meet most medical treatments
- You can buy a rider to cover the deductible and co-insurance
- You can buy a rider to cover the major illnesses (for only 15% more)
- You can enjoy unlimited lifetime coverage

Here is a brief comparison of the total premium payable over 40 years (from age 41 to 80 years) between Incomeshield and similar Shield plans offered by other insurers:

Plan    NTUC Income      Other insurers
A        $30,525        $34,071 to $42,263
B        $18,338        $21,609 to  $28,403

The coverages provided by the various plans are quite similar, except for some diffferences in the limits. The difference in premium can be as much as 60%. You can save up to $12,000 over 40 years, by insuring with NTUC Income.

These premiums shown above are based on current rates. They are expected to increase in future years, due to higher medical costs. It is important that you choose an affordable plan from NTUC Income.

The insurance agent or broker who advise you to switch away from Incomeshield may have earned an attractive commission from the other insurer. The agent is required to tell you about the commisison that they will earn now and in the future.

If you wish to attend a dialogue session, you can call 6877-3366.

Tan Kin Lian
Chief Executive Officer