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  • Life Policy Alteration Form - Ntuc Income

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NTUC Income Insurance Co-operative Limited NTUC Income Centre, 75 Bras Basah Road, Singapore 189557 Tel: 63 INCOME/6788 1777 Fax: 6338 1500 Email: csquery income.com.sg Website: www.income.com.sg LIFE.

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Guidelines of LIC for Cancelling a Policy Generally, only 30% of the premium amount paid by you is returned in the form of surrender value. The real percentage of the surrender value can vary as per the policy terms and the premiums that you have paid so far.

If the policy is surrendered before the completion of five years, the surrender value will be subject to ULIP taxation as per the income tax slab rate of the policyholder. However, if the policy is surrendered after the completion of five years, the surrender value will be tax-free.

Premium holiday is a feature that allows you to stop paying your regular premium for a certain period of time for as long as the policy value is enough to keep it on force.

You may submit an ILP withdrawal request via any of the methods below: Online submission via me@income [ILP Partial withdrawal only] At an Income branch. By email to ilpteam@income.com.sg. By post to: Life & Health Operations Income Centre 75 Bras Basah Road Singapore 189557.

Guaranteed Surrender Value = 30% X Total premiums paid. The first-year premiums and all the added premiums or premiums for accident benefit or the term rider are excluded from the same. The percentage to be paid may depend on the policy plan and the year in which an individual will surrender the policy.

LIC's Rules About Policy Surrender If you are sure that you want to cancel the LIC policy, here is what you need to know: You will not get any of the premium amounts paid in the first year in your surrender value. In general, the surrender value is returned to the policyholder at 30% of the premium amount.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232