LUV - Product Summary

NTUC Income’s LUV. For life’s uncertainties – exclusively for NTUC members.
Enjoy more coverage for less with preferential rates for NTUC members and their families.

NTUC Income’s LUV is a term life insurance policy that gives you and your family greater security in times of need with high insurance coverage at a low premium.

What’s more, you can be protected under this insurance policy up to the age of 70, as long as you remain an NTUC member. You can continue to enjoy insurance coverage under LUV even if you change jobs or are between jobs.

What are the benefits?

• Insurance premium rates from as low as $0.70¹ per day
  insurance plan as affordable as possible with premium rates starting from just $0.70¹ a day. If you are without any basic insurance coverage, would like to insure your family or simply want to enhance your existing policies, NTUC Income’s LUV is the term life insurance plan for you. Click here to see our premium rates.
  
  
• Comprehensive insurance coverage against death, disability and 30 critical illnesses³
  NTUC Income’s LUV helps your family cope with the financial strain during times of distress. Choose the Basic Plan for protection against Death, Permanent and Total Disability (PTD) and, Partial and Permanent Disability³ or opt for the Deluxe Plan for additional coverage against 30 critical illnesses including cancer, heart attack and stroke.
  
  
• Loyalty discounts of up to 10%
  NTUC Income’s LUV rewards you the longer you remain protected. If you’ve been with us for 3 or more consecutive years, you’ll enjoy up to 10% loyalty discount on your insurance premiums.
  
  

Years under the scheme	Premium discount
3 - 5 years	3%
6 - 10 years	5%
11 - 15 years	7%
Above 15 years	10%



• Additional payouts over and above the sum assured in the event of Permanent and Total Disability (PTD before the age of 65)
  It’s difficult enough to cope with the emotional distress that results from misfortune. NTUC Income’s LUV takes care of the financial strain that occurs during this difficult period. Should you suffer from Permanent and Total Disability (PTD before the age of 65), you will receive payouts of an additional 1% of sum assured per month for 12 months, or until your 65th birthday (whichever is earlier).
  
  
• Hospital cash benefits in the event of hospitalisation
  NTUC Income’s LUV relieves the extra burden on your loved ones with a daily hospital cash benefit if you are hospitalised. It pays $50 for each day of hospitalisation per $100,000 sum assured, up to a maximum of 365 days per confinement.
  
  
• Hassle-free application
  You’ll also enjoy hassle-free application as there is no need for medical check-ups. You can choose to submit your application online [link to application], or call our hotline.
  
  If your children are covered under your plan and become NTUC members before the age of 25, you can easily transfer the plan to their names with no further underwriting.
  

What does it cover?

NTUC Income’s LUV covers Death, Permanent and Total Disability and Permanent and Partial Disability² as part of its basic coverage, while its Deluxe Plan offers additional coverage against 30 critical illnesses³ including cancer, heart attack and stroke.

Cover against 30 dread diseases

What does it cost?

Your insurance premiums will vary according to premium term, coverage levels, and age of applicant. Click here to see our premium rates.