TM Early Cover To Replace TM Early Care From Tokio Marine Group For Critical Illness

Early detection for Critical Illness or Dread Disease has been the buzz word these days and insurance companies have been launching many plans to meet the demands and improving/ replacing existing early detection policies with new and better ones. , TM Early Care was not spared either. On 29 January 2018, it was replaced by TM Early Cover.


The differences between the 2 plans are not really significant, but let us share with you what are some of TM Early Cover's features:

• 3 Coverage terms to age 70, to age 75 & to age 85 
• Customer can buy from as young as age 1 till age 65 (Age Next Birthday).
• Maximum Claim Limit per stage is $350,000 , compared to the old TM Early Care, which was $75,000 only.
• However for TM Early Cover, each payout reduces the claim compared to the earlier plan, which does not.
• Covers 36 Critical Illnesses (Terminal Illness has been added as a CI, whilst Angioplasty is now 1 of the special benefits)
• Another Extra 20%, subject to a maximum limit of $25,000 can be paid out for the following 10 Special Benefits:  

AA Singapore FREE Membership Drive with Tokio Marine Life Insurance (AA-TMLS)

With intense competition to be different, companies are now going all out with collaborations and both Automobile Association of Singapore (AAS) & Tokio Marine Life Insurance (TMLS) are no exception either. For the men who have served their National Service in Singapore, remember the dirt CHEAP insurance which you took up during your Army days and honestly, aren't you glad you did; since the premiums were extremely low? Well for the rest of the people in Singapore; envy not because it is time for you to enjoy such perks too! (as in getting preferential rates just because you belong to a "group")

Which other associations in Singapore or exclusive group is big enough to have insurers willing to offer them good discounts? To celebrate their 110th anniversary, the over 80,000 members strong AAS or Automobile Association of Singapore has further ramp up their membership drive by giving car owners FREE membership fees for the 1st year. To top that, the members will be able to get Group Term Life Insurance and their riders at premiums not offered to the retail market from Tokio Marine Group! The package is called "Life Protector" (for pure vanilla term life insurance) or "Life Protector Plus" (with 37 Critical Illness). There is even a package for those who wants hospital cash!
As always, being an AAS member also comes with fantastic privileges thrown in (refer to item 1 below)

Some points to note :

• Premiums are age banded (ie premiums will rise as insured enters a new age band)
• To enjoy AAS free 1st year membership fees, minimum insurance premium has to be at least $200 per year.
• Only 1st year's membership fee is waived; however if applicant is already a member and is renewing membership, the renewal fee of the renewal year is waived.
• Lifetime member of AAS can also buy the insurance at the preferred rates; their entitlement to a year's free AAS membership, can be passed on to a family member.
• Members who bought the AAS 3 years membership will not be entitled to the Free membership drive.
• Last Entry Age for the insurance is 66 ANB (Age Next Birthday) & Maximum Renewal Age is 70 (ANB)

Below are the links for the application:
AA Life Protector Rates/Brochure (See what the insurance covers and the different options)

1. AA Membership Application (See what does being an AA member gets to enjoy)
2. Life Protector Application Form (Must come with AA Membership Application)
3. Tokio Marine Business Reply Envelope for Life Protector

Use item 3) to mail 1) & 2) after signing on the "red ticks" (including the credit card form):
You can also contact us if you want to know more or have further queries.

Retirement Planning With Cash or SRS

With the aging population in Singapore, the buzz word these days is probably Retirement. Tokio Marine Life Insurance Singapore from the Tokio Marine Group will probably be the one insurance company to help you address this need since they have been aggressively launching and promoting new retirement policies of late and here's the latest video just to help you better understand and plan for your retirement using your SRS or cash using one of their latest launch, TM Retirement (SP)! (For those who want to know what is SRS or how it can help you in your tax planning, visit this page)

So if you are someone who wants more money in your twilight years to complement your CPF monies, watch this retirement video and start calling us to find out more! [From 1 Jan 2016, please leave your CONTACT NUMBER in the "message" box, so we can verify that your interest is real and not for the sake of getting quotations only. (For quotes, you can call the insurers directly). Thanks for your understanding]

TM Protect Cancer If You Want More Cancer Coverage

Concerned about the rising rate of Cancer incidents affecting many in Singapore? For those who still do not know, Cancer is the number one killer disease in Singapore. See this link.

That is why Tokio Marine Life Insurance Singapore has launched the TM Protect Cancer, which is a non-participating term plan that provides financial aid when one is diagnosed with early and advanced stage cancer, so you can stay 100% focused on recovery. This plan also provides a $5,000 death benefit.

This yearly renewable plan provides up to S$150,000 insurance coverage for cancer and is specially designed for adults between the ages of 30 and 65, with coverage extending until the age of 85.

The key features of the plan are:

Early Detection Critical Illness Policy from Tokio Marine Group

Product will Be Terminated from 29 Jan 2018

So much talk has been made on Critical Illness plans from Singapore insurance companies since most pay out only during the last or final stages of the chronic illnesses; to which many clients rebutted saying that they won't have any use for the money since it's as good as a death benefit. Well you will be happy to know that Tokio Marine Life Insurance has a product to resolve this issue and the plan is called TM Early Care, which pays on early, intermediate or advanced stages of the stated Critical Illness*. The product can be sold as a stand alone or as a rider.

What is so special about TM Early Care?

• Extra 25% of Sum Assured will be paid out if Critical Illness happens before age 65 next birthday.
• Future premiums are waived if there's remaining coverage after early diagnosis of the critical illness.
• Extra payout will not reduce the Sum Assured (Early Stage Maximum Limit is $75,000) *
• Multiple claims for different critical illness or dread disease are allowed.
• Another Extra 20%, subject to a maximum limit of $25,000 can be paid out for the following 5 Special Benefits:                                                                                                                          (i) Diabetic Complications
  (ii) Osteoporosis
  (iii) Severe Rheumatoid Arthritis
  (iv) Dengue Haemorrhagic Fever
  (v) Breast Reconstructive Surgery following a Mastectomy
  Payment of Dread Disease Benefit will not reduce the amount payable under Special Benefits
•  A Death Benefit of S$20,000 will be paid out in a lump sum regardless of the Sum Assured.
• A biennial cash benefit of S$100 is payable starting from the 2nd Policy Anniversary till the end of the coverage term, even when there are claims.
• Critical Illness Benefit or Special Benefit must have the client survive for 7 days from the date of diagnosis before being able to disburse payout to them
• Customer can buy from as young as age 1 till age 65 and coverage can be remain up till 85 age next birthday for the insured.

* Please refer to policy or product summary for details. If you want to find out more about the product or want to have a more comprehensive cover in your insurance portfolio, do contact us.

As at 08 January 2016, the Tokio Marine Group has launched another rider to assist in the recovery process if Cancer were to strike.

TM Nest Egg (GIO Cashback)

OK, let's clear the air before we begin; as recently TMLS or Tokio Marine Life Insurance Singapore has launched a series of GIO products and in case you are wondering what does the acronym stand for; it is just short for Guaranteed Issuance Offer or in layman's term...you buy, they sell (No questions asked), except when you decide to add some "riders" into the policy, then the irritating health questions will start popping up.

I remember back in the heydays when AIA Singapore was the number 1 insurance company in Singapore, there was a product which was very popular amongst the ladies and that was the 18TMAE or some might call them the savings plan with coupons every 3 year. However with the low interest rates environment, those endowment policies slowly became obsolete.

But on 2 January 2014, the wonderful marketing team of Tokio Marine Life Insurance has brought a similar but BETTER product back to life! (No pun intended). The key features of the TM Nest Egg (GIO Cashback) are:

• Currently offers the highest return in the market at 3.8%
• Has limited payment term of 5 & 10 years (so you can plan your commitment in a more foreseeable time frame).
• Available policy term is 10 to 25 years (in multiples of 5 years)
• Guaranteed yearly cash benefits from 2nd year onwards. (in the past it was only every 3 years)
• Minimum Annual premium is $4500
• Maximum entry age is 75 ANB (Age next birthday) 
• Guaranteed Acceptance
• Yearly Cash Benefits can be re-deposited with TMLS at 3.75% pa at a Non Guaranteed rate.
• Death Benefit is at 105% of Total premiums paid plus accumulated bonuses.

 Want to know more? Contact us

A Personal Accident Policy That is Great in Features and Price

Mention Personal Accident Policy in Singapore and one will immediately think of telemarketers calling on behalf of banks. However, have you ever stop to wonder should there be a claim, do you know the procedures or are you just like the many who think that they can call the banks to help them fill up the claim forms etc?

No doubt that with online presence, all of us who are tech savvy can submit our forms online, but are you aware that banks only have joint ventures with insurance companies for a short span of time and once the contract period is up and they have gained customer leads and sales, the finance firms (a.k.a) banks will wash their hands off the case and hand you back to the insurers, so why not just initiate your relationship right from the start DIRECTLY with the insurers' intermediaries like yours truly?

Now that the WHY ME has been covered, let's cover the WHY Tokio Marine Life Insurance Singapore (TMLS)? Recently the insurer has just launched a personal accident insurance policy known as TM PA. Listed are some of the benefits which makes it stand out from the crowd:

• Covers Dengue Fever
• Only ONE Parent needs to buy and up to FOUR kids up to age 18 are covered for FREE*
• Guaranteed Renewal up to age 75 (as long as you pay your premiums on time)!
• No requirement by persons above 65 need to make declaration on health during the renewal exercise (this health declaration can be quite inconvenient especially for the senior citizens, as the insurers will decide if they want to renew the PA policy based on the clients' declaration...ask yourself which elderly has perfect health past the age of 65?)
• Monthly modes of payment are available
• Premiums for Class 1 & 2 are the same

* The entitlement for Free Child Cover is as per the screenshot below:

If you want to know more about the rates and benefits, click here, but if you need to clarify your doubts, just click on the "Contact Us" Button on the right.

However if you want to compare solely on rates, then this site might interest you more.

Tokio Marine Life Insurance Maintains Bonus Rates

TMLS has done it again! They are maintaining their bonus rates for their participating policies for the Year 2012.

What that means to you is that all those "non-guaranteed projections" which you often see in benefit illustrations will be vested and moved to the guaranteed column for the year 2012. Not many insurers are able to do that for 65 years!

Here's a screenshot of the report:

For those who love details, here's the pdf link:

So, if you are a Tokio Marine policyowner, start smiling...if you are not, what are you waiting for? Click the "Contact Us" button on the right!

TM Wealth Enhancement (Cash)

Do not let the headline mislead you. This plan DOES NOT require you to finance in cash only. TM Wealth Enhancement (Cash) is basically the official name of the policy which is a single premium plan that pays you cash benefit of 10% of the Sum Assured every 2 years!

For Cash paying clients, treat yourself to a vacation or spend it on your loved ones. For CPF investors, it is still a great plan to maximize your retirement nest egg through this option! You also have the option of re-investing the cash benefits with Tokio Marine at an attractive interest rate. Whichever option you choose, you reap all the benefits!

 Flexibility to Choose
TM wealth enhancement (Cash) allows you to purchase using cash or funds from your CPF-OA or SRS accounts. The plan offers policy terms from 13 to 21 years and it's a great program for meeting different milestones in your life.

As you can see from the illustration below, the total maturity proceeds from the cash benefits and maturity payouts are easily at least 75% guaranteed!

For some of you who feel that to wait a minimum of 13-14 years is pretty long for the policy, be comforted to know that the policy pays out GUARANTEED cash benefits to you every 2 years, thus in actual fact you are already having your money returned progressively to you from the second year onwards! You can even use the cash benefits payout to fund another smaller premium policy on an annual mode!

However, if you still feel more secured with having a policy with a shorter period, then you can also consider Tokio Marine Life Insurance Singapore's 5 year plan, TM Enrich. (However, this policy has to be financed by cash only)
Guaranteed Protection
With TM Wealth Enhancement (cash), should any unforeseen events happen to you (Death or TPD), it will pay the full sum assured plus any attaching bonuses over and above the cash benefits you may have already received. (TPD coverage is until the policy anniversary preceding age 65).

If you want to know more about this plan, feel free to contact us.

Tokio Marine Life Insurance Singapore Withdraws Term Products

Looks like something is brewing over at TMLS, as the company is now withdrawing more of their Term plans. This is the 2nd time they are doing product withdrawals in 2012, the details of the first product withdrawal can be found at this link.

Maybe it's just renaming of their products and like many insurance companies, to use the opportunity to revise rates and benefits?

Well, whether it is for the better or worse, we will know when we get the hands on the new products, named as TM Term Assurance and TM Enhanced Term Assurance (with Dread Disease cover). Will cover more about them in a later post. For the records, here's the official letter on the withdrawal of TM Well being, TM Peace of Mind and TM Business Continuation.