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.

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