Short Term Endowment added into TM Nest Egg Series (8 years and 10 years)

The innovative department of Tokio Marine Life Insurance has once again launched 2 new limited payment short term endowment policies on 21 September 2015 to encourage clients to save with them. The name of the policies are : CashBack 8 & CashBack 10. Features are as follows:

• Premium Term of 2 years
• Guaranteed Annual Cash benefit payment from 2nd policy anniversary (8% of Sum Assured for Cashback 8; 10% of Sum Assured for Cashback 10)
• Last Entry Age : 70 ANB (Age Next Birthday) 
• GIO (Guaranteed Issue Offer) or No Underwriting required
• Minimum Premium is $10,000
• There is surrender benefit after 1 year
• Your Gender & Smoking ability will not affect premiums, only Age matters
• No increase of Sum Assured is allowed once policy is incepted.
• Decrease in sum assured will be treated as a partial surrender

Here's the brochure link for more details. If you use a financial calculator, the SIMPLE Annual ROI for the Cashback 8 is 3.66%, while the Cashback 10 is 3.6%

If you are interested to know more about the plan or to get one for yourself, do drop us a contact.