NTUC New Product Launch: VivoLife Live life to the fullest!
Just came back from NTUC Kick Start & product launch seminar for all independent IFA at Vivo City. The event was held in Vivo City Golden Village Grand Cinema which can host 700 financial advisers from varies financial advisory institution.
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
- Retirement Wavier
- Triple Accidental Death Benefit
- 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
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!
Filed Under: Financial Planning • Insurance • Products Promotion & Advertising • Protection Planning
About the Author: Jack Lan is a Senior Financial Consultant License By Monetary Authority of Singapore Since 2004. He specialise in need base financial planning, retirement planning & investment planning. Please feel free to contact him for any enquiries or to arrange for a FREE 30 minutes consultation. jack@investmentsg.com or +65 91059260
