NTUC Income will be launching a new series of their Capital Plus plan. This has a policy term of 2 years and a guaranteed yield of 1.4% p.a. upon maturity.
Capital Plus will be opened for application from 11 July 2011. This product is available on a first-come first-serve basis. The allocation for this tranche of Capital Plus is relatively small and it is anticipated that the allocation will be fully taken up within a few days from the launch.
The entry age is from 16 to 80 (last birthday) and is available for cash or SRS.
The minimum single premium per policy is set at $10,000 and the maximum single premium per Insured is set at $1,000,000.