In the opening address, Mr Tan Suee Chieh the Chief Executive of NUTC address the large crowd and also presented the Corpoate results and FA results for year 2007. After taking over the appointment, Mr Tan has done massive make over to the entire organization from management to front line stuffs, customer services department, introducing new range to ground breaking products like REVO Save, an endownment saving plan, which was launch last year. Indeed under his great leadership he has successful not only bring NTUC back on track but also make revolution changes so that they achieve groundbreaking result in this year 2008.

An an senior financial consultant, I witness the changes in NTUC since Mr Tan Suee Chieh took over as CEO.  From better customer supports to new excellent new products.

Today NTUC is proud to announce their first new product of the year, promising another 3 different more throughout the entire 2008.

Vivolife- Live Life to the fullest!

This is an whole life protection plan. The policy covers death and 30 critical illness for the entire lifetime and Total and Permanent Disability TPD before age 65.These are just the common features any whole life plan will have. Being a limited whole life plan. you don’t need to pay the premium for life as you can select a fixed premium term of 10,15,20,25 years, up to age 64 at last birthday or up to age 84 at last birthday.

If you have done your homework, you should know the above features are no big deal. The big deal about the plan come here.

Vivolife by NTUC is giving away 3x accidental death benefit which you can’t find in any plan in the market except UOB Maxi Life 2 which have 2x accidental death benefit. So what is 3X accidental death, if your basic sum assured is $100,000. If accidental death occurs, NTUC will pay you $300,000  plus all accumulated bonuses.

Not only this, Vivolife NTUC also is giving this Retrenchment Wavier  feature to all policy holder. If you are retrench by your company and go out of jobs, Vivolife will wavie your premium for 6 months. This benefit is the first in the market and you cannot find it anywhere. If you are worried about going out of job 1 day and cannot afford the premium, this is one feature that might interest you.

Lastly, NTUC also allow you to use your accumulated cash and turn it into an retirement aunnity with extra 5% bonus. Which mean, NTUC will lower your sum assured to your original sum assure and activate an retirement payment to you. Currently only UOB Life Maxi has similar feature.

So summary the new feature in Vivolife

1. Retirement Wavier
2. Triple Accidental Death Benefit
3. Annuity Option

With these new features, will Vivolife be one of the best wholelife insurance for year 2008, I guess most likely it will be as their cheap premium rates are rather hard for competitor to match and with the additional revolution new features, it is even harder now.

Launch date17 January 2008

Promotion by NUTC

With monthly premium of $250 NTUC will be giving you $100 Shopping voucher

With Monthly Premium of $400 NTUC will be giving you $250 Shopping Voucher

With Annual Premium of $5000 NUTC will be giving you $4000 Shopping Voucher

Shopping Voucher can be either FairPrice or CapitalMall Vouchers. Combination of vouchers are not allowed.

With the above promotion NTUC is giving away, VivoLife is your choice if you are looking for protection plan or whole life plan.

I will be presenting more example with figures in my later post.

If you want a quotation for Vivolife, feel free to contact me at 9105 9260 Jack or email me at jack@investments.com or use the contact us.  Additional voucher for any Vivolife purchase from us. Get Your FREE Quote Now!

My friend was asking me to search for a ceaper quotation for his expiring car insurance therefore I got some details from him. Realise that his car had experience 2 claims in the last 12 months and the claimable amount is not small too. From my experience, sticking with his existing NTUC plan will be a better choice.

Desipte of that, I still submit as many quote requests to the varies motor insurance companies, and some reject to quote while others have a higher premium as compared to NTUC income.

Therefore, we carry on with the paper work for the renewal.

NTUC motor insurance provide one of the more competitive rate in the market right now. In the past, some of us will feel that the low premium rate is relevant to the services we get in return, as many people feedback that their claim process was very slow and customer service was bad etc.

After the recent reforms, changes and with the new CEO on board, we realise many improvement and changes in NTUC Incom. Better products, new revolution plan, better customer services and support and of course back end running is so much smoother than before. As a consultant, we can also experience it especially when we call their hotline, the response is so much faster and waiting time is greatly reduces.

Anyway back to the NTUC car insurance, it also come with a 6 or 12 month Easy Payment Option for people who don’t want to make lump sum payment. Good option. So how it works?

You just need to pay up front first 2 months premium and sign up for the GIRO deduction which will be activated on the third month only. No interest for insurance premium, but there is a $3 dollars charge for late payment. You will be given 14 days to clear all late payment.

For road tax, to my understanding, it is available for 12 month road tax only, not sure if 6 months road tax can participate in this EPO. There is a 3% interest or fee is charge on the principle amount. Please also take note that you need to inform NTUC as early as possible if you wanted to participate in this option as they need to inform LTA accordingly.

If not you can pay your road tax online here at one motoring

Therefore this NTUC Easy Payment Option is a great feature for people without credit card and wanted to pay road tax and car insurance in installment.

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If you need to renew your car insurance, from any motor companies, you can contact us and we can give you special rebates and vouchers, plus we will handle all your documentation until delivering the policy right to your door step!

Contact me at jack @ investment . com or call /sms @ 91059260

Specialize in All General Insurance, generate quotes from all the companies listed below!

* ACE Insurance
* AIG
* Allianz Insurance
* Asia Insurance
* Aviva General Insurance Pte Ltd
* AXA Insurance Singapore Pte Ltd
* China Insurance Co (Singapore) Pte Ltd
* Chubb Group Insurance
* HSBC Insurance
* Liberty Insurance Pte Ltd
* Mitsui Sumitomo Insurance
* NTUC
* Royal & Sun Alliance
* QBE Insurance
* Tenet Insurance

This is about the worst thing you can possibly do. If you lie, you’ll get caught at some point. You’ll then be cancelled/declined, and that will follow you around for years. Worse will be your claimed can be rejected for no reason! You’ll notice on each application, there is a question something along the lines of, “Have you ever been denied insurance or had a policy cancelled before?”

They’ll check. They’ll also pull your MVR (Motor Vehicle Report). They’ll also likely run a search on your vehicle to see if it has been involved in any prior accidents.

Pick the highest deductible that you can afford. This is difficult for many people to comprehend. Many times, people will choose $500 or $1000 deductibles because it makes the premiums very attractive. Unfortunately, when you get into an accident (your fault or not), you then have to pony up the deductible (unless the other carrier pays for your damage). As an adjuster, one of the most common complaints that I’d hear is, “Well, I don’t have $1000 in the bank to repair the car. The accident wasn’t my fault. What are you going to do about it?”

Unfortunately, the answer typically is that the adjuster is not going to do anything about it, aside from try to get your deductible back from the responsible party, either by the process of subrogation (one insurance company going after another) or a lawsuit if the person is uninsured. Neither guarantee success, and in most cases, the adjuster is going to require that your vehicle be fixed prior to taking any action against a responsible party because, if we do it beforehand and the repairs cost more than the demanded amount, the insurance company is out that additional money.

So, the rule of thumb is as follows: If you don’t normally have $1000 in the bank, then don’t take the $1000 deductible. If you really only have $500 or $250 in the bank at any one time, choose that as your deductible amounts.

Know the value of your vehicle. Many people throw out thousands of dollars per year on useless insurance. A good and honest insurance agent will help you determine if you need Comprehensive and Collision insurance. A less-than-good agent (not necessarily dishonest, but let’s leave it at inexperienced) will write you up any coverage you want without asking money-saving questions.

In the Internet-shopping environment, many times you don’t deal with sales agents to look out for you. Saying that, most people have no realistic clue on the planet what their vehicle is worth.

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Need a motor insurance quote? Contact me at 9105 9260 or email us your details at jack @ investmensg .com 

We are able to generate quote from all the available motor insurance companies!

Not looking for a quote but need to renewal your car insurance and have no time, give us a call, we will settle your renewal for you and renew your road tax together if needed! Contact Us Now!