VivoSave Product Training 1 Prepared By: Life Insurance Department

Plan TypeLimited pay regular premium participating endowment plan Premium TypeCash only Premium Payment Term & Entry Age 3 Premium Payment TermMinimum Entry Age (LB)Maximum Entry Age (LB) Key Product Features Minimum and Maximum Sum Assured Minimum $10,000 Maximum Up to $100,000: Guaranteed Acceptance regardless of health condition Above $100,000: Subject to health underwriting *Note: Financial Questionnaire for Annualized Premium >= $24,000

Key Product Features Death & TPD (Before age 65) Benefit The following benefits are applicable for the first 5 policy years: After the first 5 policy years, the benefit payable is higher of sum assured or net premiums paid (excluding premiums payable on riders) + accumulated bonuses 4 Subject to Underwriting 105% of all the net premiums paid (excluding premium payable on riders) & accumulated bonuses Subject to Underwriting 101% of all the net premiums paid (excluding premium payable on riders) & accumulated bonuses Guaranteed Acceptance 105% of all the net premiums paid (excluding premium payable on riders) & accumulated bonuses Guaranteed Acceptance 105% of all the net premiums paid (excluding premium payable on riders) & accumulated bonuses Standard Life Non-Standard Life Above $100K SA Up to $100K SA Extended Death Benefit Payable in the event of Insured’s death after the first 5 policy years. 8% of sum assured payable at each death anniversary for a fixed period of 10 years. First payment starts at the policy anniversary following the Insured’s death. Optional Riders (Subject to Underwriting) Special Waiver of Premium (1 st & 3 rd party policies) Waiver of Premium (3 rd party policy only) Enhanced Waiver of Premium (3 rd party policy only)

Key Product Features Cash BenefitGuaranteed cash payout. Payable starting from the policy anniversary after premium payment term. Amount of Cash Benefit payable as follows: Option to withdraw or deposit at prevailing interest rate, currently set at 3.5% p.a. 5 Order of Cash BenefitAmount 1 to 103% of sum assured 11 to 206% of sum assured 21 and above8% of sum assured Maturity age 85 LB Comprises of 1. Final Cash Benefit 2. Sum assured 3. Accumulated bonuses 4. Deposits with Income, if any Bonus Annual Bonus currently set at 1.3% of sum assured compounded at 1.3% p.a. Special Bonus

Key Product Features Automatic Premium Loan Available after the first 2 years of premiums have been paid Default option to keep policy in force if there is sufficient cash value after Grace Period Paid-Up Option Available after the first 2 years of premiums have been paid Consequences * Reduction in sum assured * Reduction in benefits payable for death, TPD and maturity benefit * Cash Benefit and extended death benefit will not be payable Policy Loan Upper limit: 80% of prevailing surrender value Current interest rate: 5.5% p.a. 6 NominationAllowed, based on prevailing nomination guidelines AssignmentAllowed, based on prevailing assignment guidelines Trust PolicyAllowed, based on criteria set out in the prevailing Insurance Act

VivoSave Male, age 35 (LB) with $50,000 sum assured and 10 year premium payment term. Note: The above example assumes that the Life Participating Fund earns an investment return of 5.25% p.a. Age 35 $ Total Cash Benefit Withdrawn: $125,000 Total Premium Paid $108,804 Cash 3% of SA $1,500 per year Cash 6% of SA $3,000 per year Age 85 Cash 8% of SA $4,000 per year Maturity Benefit $496,423 Guaranteed Acceptance Coverage after 5 policy years Higher of sum assured or total premiums paid + accumulated bonuses Extended Death 8% of sum assured x 10 years Coverage in first 5 policy years 105% of total premium paid + accumulated bonus Guaranteed acceptance is given regardless of health condition if: 1.Sum assured per life for this plan is up to $100,000, and 2.No rider is attached.

VivoSave Boy, age 5 (LB) with $50,000 sum assured and 10 year premium payment term. Note: The above example assumes that the Life Participating Fund earns an investment return of 5.25% p.a. Guaranteed acceptance is given regardless of health condition if: 1.Sum assured per life for this plan is up to $100,000, and 2.No rider is attached. Age 5 $ Age 85 Total Cash Benefit withdrawn: $245,000 Total Premium Paid $133,033 Cash 3% of SA $1,500 per year Cash 6% of SA $3,000 per year Cash 8% of SA $4,000 per year Maturity Benefit $2,135,867 Guaranteed Acceptance Coverage after 5 policy years Higher of sum assured or total premiums paid + accumulated bonuses Extended Death 8% of sum assured x 10 years Coverage in first 5 policy years 105% of total premium paid + accumulated bonus

Application Process & Application Form 9

Documents to Submit These are the standard documents needed: 1.Completed Application Form 2.Benefit Illustration & Product Summary 3.My Financial Portfolio (MFP) / Fact Find Form 4.Copy of Policyholder’s / Insured’s NRIC 5.Cash or Cheque (Payable to “NTUC Income”) if applicable 6.GIRO Application Form, if applicable 7.Foreign Life Questionnaire, if Insured is a foreigner 8.Financial Questionnaire (if the annual premium is $24,000 and above) 10

Cash Benefit Option Policyholder to indicate option for Cash Benefit. If no option is indicated, we will pay out the Cash benefit via cheque to policyholder.

Guaranteed Acceptance No health underwriting if SA is up to $100,000 and without rider

Benefit Illustration & Product Summary 13

Coverage in first 5 years 105% of total premium paid + accumulated bonus Coverage after first 5 years Figures included extended death benefit Lump sum: $592,927 Ext death benefit: $40,000 Total: $632,927

Product designed to provide best value in the long term

Effect of Deposits Opportunity to earn accumulated interest amounting up to $644,251. Total amount of accumulated interest can be more than the total Cash Benefit.

Projected Death Benefit Assuming all Cash Benefits are withdrawn

Guaranteed Cash Value decreases because Cash Benefits are withdrawn

Effect of Deposits Opportunity to earn accumulated interest amounting up to $644,251. Total amount of accumulated interest can be more than the total Cash Benefit.

Cash Flow Flexibility Option in WinQuote to illustrate effect of making 2 lump sum withdrawal Start Deposit Again Deposit Cash Benefit Start Deposit Again

Details of product for policyholders to make an informed decision

A little sweetener…

Total Monthly Incepted API* (net)Voucher Amount Above $1,000$50 Above $5,000$120 Above $10,000$300 Every $5,000 above $10,000$150 From September to November, enjoy complimentary year-end shopping spree on us…

Terms & Conditions -Qualifying Period : 1 st Sep to 30 th Nov Qualifying cases (only RP plans) must be incepted with Qualifying Period -For 5-year premium payment term policies, 50% of the API will be taken as credit -This is a monthly promotion. API is calculated on a monthly basis and will re-start at beginning of each month -Please refer to promotion announcement for full list of terms and conditions

Question & Answer Session 25