Whether it is an annuity that you are looking for or a legacy you wish to leave behind for your TM Infinite VIP via its distribution channels like the banks and direct agents and the take up rate of this product has been fast & encouraging that the policy will probably be pulled out soon when the tranche has been reached. (This could be seen with its sister product, TM Legacy VIP which was pulled out on 21 July 2014).children or grandchildren; for the past year since May 2013, Tokio Marine Life Insurance Singapore (TMLS) has been selling a single premium plan known as
In any case, the surviving TM Infinite VIP runs on a simple model:
- Minimum Single premium of S$133,350
- Gets you a payout of S$500 EVERY MONTH after 5 years (credited monthly into a S'pore bank account)
- The payout continues as long as the assured is alive
- Should Death occurs, 101% of Single premiums paid + Non Guaranteed Terminal Dividend
- Minimum age 1 year old next birthday
- Maximum age 70 year old next birthday
TIPs
- If you want more payout, just multiply accordingly (eg $266,700 gets you $1000 monthly payout)
- Greater advantage will be to buy on the life of a young child, since payout continues as long as assured is alive.
- Good option to prepare for a child who will be going to University as their MONTHLY living expense.
* Conditions apply