NTUC Capital Plus is a very popular short-term single premium savings plan in Singapore with Guaranteed interest. The insurer NTUC INCOME has just launched a new tranche CSN4 with a 2.13% yield.
What is NTUC Capital Plus
NTUC Capital Plus is for people who want to save for short term but prefer a higher interest than the fixed deposit. The key features are:
- Short 3-year single premium endowment plan.
- Non-participating – meaning no bonus, all returns are guaranteed.
- Guaranteed maturity yield of 2.13% per annum.
- Guaranteed acceptance regardless of your health condition.
This plan can be purchased using either Cash or Supplementary Retirement Scheme (SRS) fund. The minimum investment is $20,000.
The return is higher than the rate offered by Singapore Savings Bond.
At the end of the policy term, the policy will pay the guaranteed maturity benefit of 106.53% of your single premium.
This plan provides protection against death, and total and permanent disability (TPD before the age of 70) during the term of the policy.
Who is the plan for?
This product is suitable if you have disposable lump sum cash for saving over a 3-year tenure and looking for:
- Guaranteed returns
- Capital Guaranteed upon maturity
- Hassle-free application with no medical check-up required
Below is the policy illustration for every $10,000 premium.
How to subscribe NTUC Capital Plus
You can subscribe directly at NTUC’s website via this link. (This is NOT an affiliate link)
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Is this plan covered under the Owner Protection Scheme ?
Yes, it is.