LUV Term Life Insurance

Exclusively for NTUC members and their families, enjoy affordable protection at preferential premium rates for yourself and your loved ones.

Protect more with LUV
1. Premium rates for as low as $0.701 per day
2. Enjoy protection for yourself, with the option to extend coverage to your spouse and children2.
3. Insurance coverage against death, total and permanent disability and 30 critical illnesses3.
4. Receive hospital cash benefits in the event of hospitalisation.
5. Loyalty discounts of up to 10% on your premiums the longer you stay covered under LUV.
6. Flexible coverage options tailored to different protection needs and budgets.

Make the most of this exclusive NTUC member benefit and enjoy greater peace of mind for your family's future. APPLY NOW

 

Policy Terms and Conditions

1. Premium rate is applicable only to insured aged 19 to 45 (age next birthday) for sum assured at $100,000 under the Deluxe cover.
2. Your husband or wife and children will be eligible for the application of coverage only if you, as the insured and member of National Trades Union Congress (“NTUC”), are covered under the same LUV cover, unless your application has been declined or postponed by Income Insurance 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 Insurance 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.
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.
Exclusions
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.
Important notes
This is for general information only and does not constitute an offer, recommendation, solicitation or advice to buy or sell any product(s). NTUC is the master policyholder. You can find the usual terms, conditions and exclusions of LUV in the master policy contract issued to NTUC. The cover for LUV will automatically end upon the termination of the master policy by either Income Insurance 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.
LUV is underwritten and issued by Income Insurance.
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 Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).  
This advertisement has not been reviewed by the Monetary Authority of Singapore. 
Information is correct as at 03 November 2026.

 

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