LUV Term Life Insurance



LUV - Exclusively for NTUC Union Members and their families at preferential premium rates.


Protect yourself and your family1 against life’s uncertainties with LUV, a term life insurance that provides greater security in times of need at affordable premium rates.

  1. Premium rates for as low as $0.702 per day
  2. Insurance coverage against death, permanent disability and 30 critical illnesses3
  3. Loyalty discounts of up to 10%
  4. Get additional payouts over and above the sum assured in the event of total and permanent disability (TPD before the age of 65)
  5. Receive hospital cash benefits in the event of hospitalisation


We have made this plan affordable so that you can be covered for death, permanent disability and 30 critical illnesses3  


LUV is just the plan for you if you:

  • have no basic insurance coverage;
  • would like to insure your family1; or
  • simply want to enhance your insurance coverage.


You can simply submit your application online or email or call Income hotline at 6332 1133


Important notes

1. Your husband or wife and children will be eligible for the application of coverage only if you, as the insured and member of NTUC, are covered under the same LUV cover, unless your application has been declined or postponed by Income in view of underwriting. The sum assured or plan type for your husband or wife and children should not exceed your sum assured or plan type unless your sum assured or plan type has been reduced by Income 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. Premium rate is applicable only to insured aged 19 to 45 (age next birthday) for sum assured at $100,000 under the Deluxe cover.

3. 30 critical illnesses coverage is only applicable under the Deluxe cover. Please refer to the list of 30 critical illnesses on our website. For major cancer, coronary artery bypass surgery, heart attack of specified severity and angioplasty and other invasive treatment for coronary artery, a waiting period of 90 days from the start date or reinstatement date (if any) of the insured’s cover, whichever is later will apply. For the other remaining critical illnesses, a waiting period of 30 days from the start date or reinstatement date (if any) of the insured’s cover, whichever is later will apply. 


This is for general information only. National Trades Union Congress (“NTUC”) is the policyholder. You can find the usual terms and conditions of LUV plan in the master policy contract issued to NTUC. The cover for LUV plan will automatically end upon the termination of the master policy by either Income or NTUC. 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 advisor. 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 and issued by Income. 

Protected up to specified limits by SDIC. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. 

Information is correct as at 16 February 2024.


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6332 1133

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