Plus! Term Life Insurance

Plus! Term Life Insurance

Affordable insurance for Plus! Visa and NTUC Plus! Visa cardholders.

What it covers


We pay the sum assured in the event of death.

Death due to an accident

In the event of death due to an accident, we pay an additional 100% of the sum assured.

Total and permanent disability

We pay the sum assured in the event of total and permanent disability.


Get essential protection for you and your family at affordable premium rates.

Before you apply

You must be the principal cardholder of a Plus! Visa or NTUC Plus! Visa credit or debit card. You may apply the plan for your husband or wife and children [1] if they are also a Singaporean, Singapore Permanent Resident or foreigner who is working or residing in Singapore.

  Minimum entry age Maximum entry age Maximum age of coverage
Principal cardholder and husband or wife 21 years old 60 years old 65 years old
Child 15 days old 17 years old 25 years old [2]

The sum assured is in multiples of $10,000, up to $200,000 each for you and your husband or wife, and up to $100,000 for your child.

You must pay your monthly premium via the principal cardholder’s Plus! Visa or NTUC Plus! Visa credit or debit card [3]. The premiums that you pay are based on the sum assured and insured’s age next birthday. Premium rates will change when the insured enters a higher age band. Premium rates are not guaranteed and may be reviewed from time to time.

Age next birthday (years) Monthly premium for sum assured
$10,000 $50,000 $100,000 $150,000 $200,000
1 to 18 $0.70 $3.50 $7.00 - -
19 to 35 $0.90 $4.50 $9.00 $13.50 $18.00
36 to 40 $1.00 $5.00 $10.00 $15.00 $20.00
41 to 45 $1.30 $6.50 $13.00 $19.50 $26.00
46 to 50 $1.80 $9.00 $18.00 $27.00 $36.00
51 to 55 $2.50 $12.50 $25.00 $37.50 $50.00
56 to 60 $3.70 $18.50 $37.00 $55.50 $74.00
61 to 65 $5.00 $25.00 $50.00 $75.00 $100.00
Important Notes


  1. Your husband or wife and children will be eligible to apply for cover if you, as the Plus! Visa or NTUC Plus! Visa credit or debit card principal cardholder are insured under the plan. The sum assured for your husband or wife and children must not be more than your sum assured unless we have reduced your sum assured due to underwriting reasons. If you end your policy, the cover for your husband or wife and children will end. The cover for your husband or wife will also end if you are separated or divorced from your husband or wife.
  2. This plan does not cover any claim or loss arising from insured taking part in full-time National Service.
  3. All coverage will end if the principal cardholder fails to maintain at least one principal Plus! Visa or NTUC Plus! Visa card issued by OCBC Bank.



There are certain conditions whereby the benefits under the plans will not be payable. You can refer to the policy contract for the precise terms, conditions and exclusions of the plans. The policy contract will be issued when your application is accepted.

Important Notes


This page is for general information only. You can find the usual terms and conditions of this plan in the master policy contract issued to Oversea-Chinese Banking Corporation Limited (“OCBC Bank”). The cover for this plan will automatically end upon the termination of the master policy by either NTUC Income or OCBC Bank. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. This plan does not have any cash value.
This plan is underwritten by NTUC Income.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact NTUC Income or visit the websites of the General Insurance Association of Singapore (, the Life Insurance Association, Singapore ( or Singapore Deposit Insurance Corporation (

Information is correct as of 21 July 2017

Frequently asked questions

How to apply

For enquires about Plus! Term Life Insurance, please call our hotline:
6332 1133

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