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.

Receive a complimentary 1-year Group Personal Accident Insurance when you sign up with LUV Term Life Insurance! To apply, simply click here to complete and sign online form. 

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. 

Terms and Conditions: 

Refer here for terms and conditions. 

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