Understanding Income Insurance: A Guide to Financial Security

What is Income Insurance?

Income insurance, also known as income protection or disability insurance, is a type of insurance that provides financial support in the event of an accident, illness, or injury that prevents you from working. This type of insurance is designed to replace a portion of your lost income, ensuring that you and your loved ones are financially secure during a difficult time.

Income insurance can be especially important for individuals who rely on their income to support themselves and their families. Without an adequate safety net, the financial consequences of an unexpected event can be devastating. By providing a steady stream of income, income insurance can help alleviate some of the stress and uncertainty that comes with being unable to work.

NTUC Income offers comprehensive income insurance plans that cater to the needs of individuals from all walks of life. Our policies are designed to provide financial support for up to 80% of your monthly income, ensuring that you have the resources you need to continue living comfortably despite an unexpected event.

How Does Income Insurance Work?

Income insurance works by providing you with a monthly benefit payment if you are unable to work due to illness, injury, or disability. This benefit is typically paid out for a set period of time, such as 2 years or until the age of retirement.

The application process for income insurance is relatively straightforward. You can apply online or through our agents, and we will guide you through the entire process from start to finish. Once approved, your policy will be in effect, providing you with financial protection against unexpected events.

NTUC Income offers a range of income insurance plans that cater to different needs and budgets. Our policies are designed to provide flexible coverage options, allowing you to customize your plan to suit your unique circumstances.

Why Choose NTUC Income for Your Income Insurance Needs?

At NTUC Income, we understand the importance of financial security and stability. That's why we offer comprehensive income insurance plans that provide peace of mind in the event of unexpected events.

Our policies are designed to be flexible and adaptable, allowing you to adjust your coverage as your needs change over time. We also offer a range of add-on benefits and riders that can enhance your policy to better suit your unique circumstances.

By choosing NTUC Income for your income insurance needs, you can rest assured that you are in good hands. Our team of experts is dedicated to providing exceptional service and support throughout the entire process.