Insurance Saving (Policy)NTUC Income Singapore (Insurance)

NTUC Income VivoChild – Payout at different stages of child progress.

Choose to spend the cash benefits payouts or accumulate them with Income at an interest rate of up to 3.25% p.a.

NTUC Income VivoChild – Get guaranteed cash benefits at different stages of your child’s education. Secure your child’s future without having to pay premiums with additional riders.

By InsuranceFIRST Last updated Jul 2, 2021

A child’s future is every parent’s worry. More than a savings plan or an insurance product, VivoChild rewards your child with guaranteed cash benefits at various educational milestones. Now you can take care of your child’s multiple needs with a systematic savings plan.

Entry age: Up to your child reaching the age of 11 years old
Premium Term (You pay an insurance premium for): 5 or 10 years, or 2 years before the policy term
Policy Term (Your policy matures in): Your child reaching the age of 20 or 22 years old

Cash value and Withdrawal benefit(s)	Yes	No
NTUC Income VivoChild (Product details at a glance)
100% Principle guaranteed at maturity		X
Partial withdrawal/ cash benefits
General savings feature(s)	Yes	No
Short premium/ savings terms (less than 5 years)		X
Long-term/ lifetime wealth accumulation
Health and Insurance Coverage(s)	Yes	No
Bundled with death/ TI/ TPD and/or CI coverage
Guaranteed issurance irregardless of health		X
Optional insurance rider(s)	Yes	No
Insurance riders to enhance coverage
Additional product feature(s)	Yes	No
Guaranteed cash benefits at stages of child's education
Daily cash benefit if your child is hospitalised
Sum assured and bonuses payable if death or TPD occurs

Additional product feature(s) on NTUC Income VivoChild

Detailed features and unique selling points of NTUC Income VivoChild:

Guaranteed cash benefits at stages of child’s education

For a 22 year policy – Enjoy guaranteed cash benefits when your child reaches a milestone in his education.
5% the of policy sum assured is paid out each time as cash benefit when your child reaches age 7, 12, 16 and 18.
30% the of policy sum assured is paid out each time as cash benefit when your child reaches age 20 and 21.

Daily cash benefit if your child is hospitalised

Receive $100 for each day of the hospital stay (up to 30 days for each stay) if your child is hospitalised due to hand-foot-mouth disease, food poisoning or dengue.

Sum assured and bonuses payable if death or TPD occurs

Enjoy coverage of 100% of the sum assured plus accumulated bonuses in the event of your child’s death or total and permanent disability (TPD)

Additional riders for NTUC Income VivoChild

The following riders can be added on to your NTUC Income VivoChild at an additional cost:

Payor Premium Waiver – You will not need to make future premium payments for the basic policy that you have bought for a loved one, if you pass away, or are totally or permanently disabled (TPD before age 70) during the term of the rider.
Enhanced Payor Premium Waiver – You will not need to make future premium payments for the basic policy that you have bought for a loved one, if you pass away, are totally or permanently disabled (TPD before age 70), or are diagnosed with dread disease (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
Dread Disease Premium Waiver – You will not need to make future premium payments for the basic policy if you are diagnosed with dread disease (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
Early Cancer Waiver – You will not need to make future premium payments for the basic policy if you are diagnosed with early-stage cancer during the term of the rider.

Who should take up an NTUC Income VivoChild?

NTUC Income VivoChild is an insurance savings plan. This category of insurance plans are suitable or unsuitable depending on the following factors:

NTUC Income VivoChild is suitable for

Cash liquidity and withdrawal for your savings plan (at stages of your child education)
Mid to long term wealth enhancement
Mid to long term savings commitment period
Hassle-free application without medical underwriting (if riders are not taken up)
Saving for your child education

NTUC Income VivoChild is not suitable for

Income for a lifetime (Retirement Plan)
High death, disability or critical illness coverage (Whole Life, Term Life)
One-time single premium commitment
High surrender value in the early years of the policy

Sample policy illustration for NTUC Income VivoChild

Coming soon.

Learn more about NTUC Income VivoChild

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