This post is for the 2008 tranche of Capital Plus. For the June 2018 tranche, you can refer to this post:
NTUC Income yesterday announced the launch of their Capital Plus Promotion. Anyone currently holding a NTUC Income policy is eligible for this promotion.
This product is suitable for policyholders who are looking for a savings plan with a time horizon of 2 years which gives them guaranteed returns and protect their savings at the same time.
Period of Offer
The Capital Plus will be available from 9 Dec to 19 Dec 2008 or when total subscription of $200 million has been reached, whichever is earlier. Judging from the previous Capital Plus promotion which was fully taken up, you are encouraged to act fast if you are interested.
Guaranteed interest rate of 2.0% p.a. over a 2 year period. As an illustration, every $10k invested will get back $10404 upon maturity.
The minimum single premium investment is set at $30,000 (increase in multiples of $5,000) and is available for both cash and SRS.
In a nutshell, your main risks are:
A copy of the FAQ can be accessed below.
To apply for this product, you can contact your own personal NTUC representative. Alternatively, if you like me to process the application for you, I will be happy to do so as well (Click here to arrange for a meeting with me).
Update: Minimum amount is now $10,000 and the plan is available to non-policyholders as well.