NTUC Income’s Capital Plus is a single premium 12 months policy with a guaranteed yield of 2%.
It is only available to existing NTUC Income’s policy holders and can be purchased with cash or SRS savings. The minimum purchase amount is $10,000.
There is also a small death and total and permanent disability (TPD) benefit of 105% of the premium amount.
If you are looking for fixed deposits at the moment and are also an Income policy holder, the Capital Plus with an interest of 2% is a worthwhile alternative.
Please note that the application will close on 31 July 2008 or when the cap of $150 million is reached.