NTUC Income’s First Ever Bond Issue Oversubscribed
NTUC Income recently debuted its first ever bond issue of $600 million 15-year bonds which was open to the public and corporate entities. The coupon rate was 3.65% and NTUC Income has the option to redeem the bonds in full at the end of 10 years.
Oversubscribed would be an understatement: the subscription rate was 15 times its $600 million offer, a cool $9 billion which attests to the attractiveness of the returns vis-à-vis the strong credit rating of NTUC Income. (And that’s a lot of money wanting to be invested.)
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NTUC Income VivoCare – Early Stage Critical Illness Whole Life Policy
I attended NTUC Income’s event this morning for the launch of VivoCare, a whole life policy that primarily focuses on providing early stage critical illness cover.
Traditional critical illness policies typically define critical illnesses as “late stage” conditions. For instance, a payout will be made only if both kidneys have failed. Under an “early payout” policy, the surgical removal of a single kidney can be admitted for a claim.
Some FAQs on Insurance
Have been getting some recurring questions as well as repeated search queries reaching this site. I think it will be good if I can answer some of the more frequently asked questions about insurance.
NTUC Income Relaunching Capital Plus, Again
NTUC Income is relaunching Capital Plus on 11th July 2011.
It is a 2-year single premium savings plan with a guaranteed return of 1.4% p.a. The minimum sum required is $10,000 cash or SRS, and the plan is available to all between 16 to 80 years of age.