Buy i-Term from NTUC Income?

Mr. Tan,

I've bought the SAF Group Term Insurance by Aviva (at that time it's by ICS) during my NS days and had gradually increased the sum assured from $20K to $150K over the years.

Recently I’m thinking of increasing it to $200K. If the term insurance from NTUC Income is cheaper, I might consider canceling it and take up a $200K term insurance with NTUC Income instead.

The SAF Group Term Insurance by Aviva covers both death and TPD. It also comes with a (optional) rider that covers the 30 major illnesses.

Does the NTUC Income term insurance come along with a rider that covers the 30 major illnessed? Is it cheaper compared to the SAF Group Term Insurance when considering both the main term insurance and the rider?

Terence

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Dear Terence

You can get a quotation at NTUC Income's website, www.income.coop
i-Term and compare with your existing premium payable to Aviva.

You can also call NTUC Income's Business Center and talk to a consultant.

NTUC Income allows you to buy a Living Benefit plan, which covers death, permanent disability and 30 critical illness.