You will receive a cheque by the maturity date. We will issue your payment as follows:
We may issue two types of bonuses to our policyholders:
We may allow you to encash (take out) your accumulated annual bonuses and receive its discounted value. In some cases, the discounted value can be small. Where possible, you should keep your annual bonus intact.
If you wish to encash your bonus, you may email firstname.lastname@example.org, call 6788 1122 or visit any of NTUC Income branches. We will send you a Bonus Encashment voucher for your completion.
1 Participating policy refers to the policy that is managed in the Participating Fund (“the Fund”). The policy shares in the profits or losses of the Fund, through bonuses added to your policy. For more information, please refer to this guide: Understanding Your Participating Policy.
Cash benefits (coupon) are guaranteed cash payments to policyholders. The payments are issued at regular intervals during the term of the policy. Paid-up policy is excluded.
In cases where the premiums are outstanding for more than one month or the policy’s cash value cannot support an existing policy loan, we will deduct from the cash benefit (coupon).
If you have a yearly cash benefit (coupon):
If you have a monthly cash benefit (coupon):
for assistance with maturity, bonuses or cash benefits.
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