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:  
  
  1. Angioplasty and Other Invasive Treatment for Coronary Artery
  2. Breast Reconstructive Surgery following a Mastectomy
  3. Diabetic Complications
  4. Pheochromocytoma
  5. Severe Rheumatoid Arthritis
  6. Ulcerative Colitis
  7. Wilson’s Disease
  8. Crohn’s Disease
  9. Dengue Haemorrhagic Fever
  10. Osteoporosis
• Each Stage of Critical Illness (CI) can only be claimed once (ie  Early, Intermediate, Advance Stage).
• Multiple claims allowed if they are of different CI
• If an intermediate stage of CI has been paid out, the policy will not pay for an early stage.
• If different stage of claims are made under the same CI, there must be a separation period of 6 months.
•  Premiums are waived on a claim.
• Survival period of 7 days on diagnosis, else policy will only pay for the death benefit.
• Minimum Sum Assured for TM Early Cover is S$30,000
• NO MORE Wellness benefits in TM Early Cover, unlike TM Early Care.
• No More 25% EXTRA Coverage before age 65, which was available in TM Early Care.

If you want more details, feel free to contact us!