NTUC Income Home Insurance
provides comprehensive insurance plans to protect you and your loved ones at home. Be sure while taking your home insurance plan, coverage is acceptable at all times.
NTUC Enhanced Home Insurance for Private Homes
NTUC Home Insurance Comprehensive Plan (homeowners only)
- Building: Up to $1,000,000
- Renovations: Up to $300,000
- Contents: $150,000
- Yearly Premium: $712.05
Premium rates for Comprehensive plan (for homeowners only)
|
|
Maximum benefit limit |
Maximum benefit limit |
Maximum benefit limit |
Maximum benefit limit |
|
Coverage & plan type |
Plan 1 |
Plan 2 |
Plan 3 |
Plan 4 |
|
Building |
$275,000 |
$350,000 |
$600,000 |
$1,000,000 |
|
Renovations |
$60,000 |
$125,000 |
$150,000 |
$300,000 |
|
Contents |
$50,000 |
$75,000 |
$100,000 |
$150,000 |
|
Yearly Premium |
$203.30 |
$295.32 |
$438.70 |
$712.05 |
NTUC Income Home Insurance Standard Plan (for homeowners and tenants)
- Renovations: Up to $300,000
- Contents: Up to $150,000
- Yearly Premium: Up to $355.05
Premium rates for Standard plan (for homeowners and tenants)
|
|
Maximum benefit limit |
Maximum benefit limit |
Maximum benefit limit |
Maximum benefit limit |
|
Coverage & plan type |
Plan 1 |
Plan 2 |
Plan 3 |
Plan 4 |
|
Renovations |
$75,000 |
$125,000 |
$165,000 |
$300,000 |
|
Contents |
$55,000 |
$75,000 |
$100,000 |
$150,000 |
|
Yearly Premium |
$121.98 |
$173.34 |
$224.70 |
$355.05 |
Premium rates for Flexible plan
NTUC Insurance Flexible Plan
- Building or Renovations: Yearly Premium rates: $4.00 per $10,000 benefit limit
- Contents: Yearly Premium rates: $19.00 per $10,000 benefit limit
NTUC Home insurance plans for HDB Homes
3 different plans of NTUC income home insurance for HDB Homes. Here’s a summary of the coverage and maximum benefit limit of each plan.
NTUC home insurance Comprehensive Plan (for homeowners only)
- Building or Renovations: Up to $300,000
- Contents: Up to $52,000
- Yearly Premium: Up to $127.33
|
|
Maximum benefit limit |
Maximum benefit limit |
Maximum benefit limit |
Maximum benefit limit |
|
Coverage & plan type |
3-Room |
4-Room |
5-Room |
Exec/HUDC |
|
Building |
$100,000 |
$150,000 |
$200,000 |
$300,000 |
|
Renovations |
$20,000 |
$32,000 |
$45,000 |
$52,000 |
|
Yearly Premium |
$46.01 |
$71.69 |
$96.30 |
$127.33 |
NTUC Income home insurance Standard Plan (for homeowners and tenants)
- Renovations: Up to $70,000
- Contents: Up to $50,000
- Yearly Premium: $75.97
|
|
Maximum benefit limit |
Maximum benefit limit |
Maximum benefit limit |
Maximum benefit limit |
|
Coverage & plan type |
3-Room |
4-Room |
5-Room |
Exec/HUDC |
|
Renovations |
$30,000 |
$45,000 |
$55,000 |
$70,000 |
|
Contents |
$22,500 |
$32,500 |
$40,000 |
$50,000 |
|
Yearly Premium |
$35.31 |
$51.36 |
$60.99 |
$75.97 |
NTUC Income home insurance Flexible Plan
- Building or Renovations: Yearly Premium rates: $2.45 per $10,000 benefit limit
- Contents: Yearly Premium rates: $14.56 per $10,000 benefit limit
NTUC Enhanced Home Insurance Coverage offers insurance to both HDB and Private Homes.
NTUC Home Insurance Plan covers
Building structure: NTUC Cover damages to building structure, fixtures, and fittings, based on property developers or HDB standard specifications.
Renovations: NTUC income Home Insurance Cover damages to renovations[1] that consist of improvements and additions to fittings and fixtures.
Home contents: NTUC Home Insurance Cover losses and damages to physical and movable household items or belongings. Consist of money and valuables kept within the premises.
Personal accident and medical expenses: In the event of death or permanent disability due to an accident within the home, NTUC home insurance pay up to a total of $50,000 for you and your family members. NTUC Enhanced Home Insurance compensates for medical expenses incurred due to an insured event.
Peace of mind during home emergencies with Income’s Emergency Home Assistance. 24/7 assistance for plumbing, electrician, locksmith and pest control via our hotline (Bonus services).
List of Insured Events
- Fire, lightning or explosion.
- Hit by a road vehicle, train, animal, flying object or aircraft (Not own or control).
- Theft, as long as force and violence are used to get into or out of the premises (must not leave the premises unoccupied).
- Bursting or overflowing of domestic water tanks, apparatus or pipes (but not damage to water tanks, apparatus and pipes, and expenses for tracing the source of the leak).
- Hurricane, cyclone, typhoon, windstorm, earthquake or volcanic eruption.
- Riot, strike or malicious acts.
For full coverage information for HDB homes and Private Homes visit NTUC
Tips for Home Insurance
Below are some Home Insurance tips that will guide you to select a great policy for your dream home in Singapore!
Tip #1
Spend on the coverage you need! There are customized packages available. Most of people already have the compulsory fire insurance that provides coverage for the building, so, it make sense to look out for a customized home insurance plan for insuring your home content and renovations.
Tip #2
Some insurers allow for a discount when you buy for a longer duration plan. So, go for that plan.
Tip #3
Home insurance protects assets that have a paper value, and insurance companies expect your coverage to match the value of your properties. If your policy’s coverage is significantly lower than what is actually covered, insurance companies can fine you in form of reduced compensation when you file a claim.
Also learn
How to Find Best Home Insurance in Singapore 2019?
Filter, Compare and Buy the Best Home Insurance in Singapore at Insurance Market.
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