NTUC Income Gro Capital Ease Guaranteed 1.58% p.a.

NTUC Income Gro Capital Ease

NTUC Income Gro Capital Ease is a single premium savings plan that gives you a lump sum payout with guaranteed return of 1.58% per annum over 3 years. You will receive the lump sum payout at the end of the policy term.

The previous tranche (September 2020) was offered on a limited and and on a first-come-first-serve basis with a guaranteed return of 1.96% per annum over 3 years.

Despite the current tranche offering a lower returns, this is still the best return you can find around as compared to fixed deposits or Singapore Saving Bonds.

What Are Endowment Plans?

NTUC Income Gro Capital Ease is an Endowment plan. Endowment plans are life insurance saving plans that are offered by insurance companies. The aim is to help policyholders save towards specific financial goals. Policy holders can contribute a regular amount for a designated period of time or pay a lump sum upfront at the start of the policy.

Upon maturity of the policy, you will be give a lump sum payout with the guaranteed return. It is best to study the plan carefully as certain endowment plans offers non-guaranteed returns.

NTUC Income Gro Capital Ease guarantees a maturity benefit of 104.82% of the single premium after 3 years. No gimmicks here!

What I Loved About NTUC Income Gro Capital Ease?

  1. You are guaranteed acceptance regardless of your health condition. You are protected against death and total and permanent disability (TPD before age 70).
  2. The minimum single premium for online purchase starts at $5,000 which is affordable. The premium is payable via eNets, PayNow QR or Supplementary Retirement Scheme (SRS) funds, or at $20,000 if made through a financial advisor representative, payable using cash or SRS.
  3. This is the only Endowment plan that I know of that has the option to pay premiums using Supplementary Retirement Scheme (SRS) funds.

Auntie Sam Vending Freebies in Singapore

Vending Machine

Do you like to look for freebies in Singapore? Well, I spotted something interesting recently. It is a vending machine that give away freebies. The vending machine is called “Auntie Sam” and you can find one in East Point Mall, Hillion Mall, Jurong Point, VivoCity and Waterway Point. The exact address can be found at the end of this post below.

Auntie Sam was innovated by this company called Elitez Ptd Ltd which aims to reinvent the traditional way of sampling with a self help model. Auntie Sam is a brand new sampling experience providing full sized samples through a vending machine.

So what exactly can you get free from the vending machine? So far, I have redeemed

  1. Super Coffee Mix (3 in 1)
  2. Gold Kili Kopi C Kosong
  3. Carlsberg Alcohol Free Wheat

How to Sign Up and Redeem?

Using the concept of tokens, you exchange the tokens for the sample that you wish to redeem at the vending machine. Tokens are credits to redeem samples. There are two types of tokens:

  • Free – issued weekly (e.g. every Monday)
  • Premium – purchased, referral, promo, refund, giveaway.
  1. Go to https://www.auntiesam.sg/
  2. Sign up using your mobile number.
  3. On the vending machine, select the item you wish to receive.
  4. Scan the QR code that can be found under “Samples” section of the website. 1 token will be deducted.

Free token will expire if not used within the week, thus the maximum balance for free token is capped at 1. To redeem samples that require more than 1 token, you would need premium tokens to do so.

If you want more tokens, you can sign up for their premium plans. Bojio plan is free and by default, while Shiok plan is at S$0.99/week. You may select from 1/4/12 weeks of subscription for Shiok plan – 1 week (S$0.99), 4 weeks (S$2.99) and 12 weeks (S$7.99).

Locations of Auntie Sam (As of 16th December 2020)

Here are the locations of Auntie Sam vending machine.

East Point Mall
Outside FairPrice (Level 5)
3 Simei Street 6
Singapore 528833
Hours: 24hours

Hillion Mall
Near Taxi Stand (Level 1)
17 Petir Road
Singapore 678278
Hours: 24hours

Jurong Point
1 Jurong West Central 2
#03-01, FairPrice Xtra
Singapore 648886
Hours: 24hours

VivoCity
1 Harbourfront Walk
#B2-23, FairPrice Xtra
Singapore 098585
Hours: 0800-2300

Waterway Point (JDE)
The Boardwalk
83 Punggol Central
Singapore 828761
Hours: 24hours