Another TM VIP Product From Tokio Marine Group Bites The Dust

Ok, so I exaggerated a little bit; but the TM Infinite VIP will still see the end of the road by end August 2016. As per all Singaporeans and with our usual ways, we will see all who has the money and been postponing to get down to doing the paperwork, will now join the rush to get this fabulous plan before it is removed from the shelf; because the following are the exact details of the memo which went out to the agency force today:

"The following measures will be implemented to all new and pending TM Infinite VIP applications with immediate effect:

1.    Overall Tranche Limit

An overall tranche limit has been imposed to this product and this will be allocated to the respective distribution channels.

This product will be removed from new business once the respective distribution channels’ tranche limits have been reached, or on Wednesday, 31 August 2016, whichever is earlier.

2.    Maximum Premium Size for Individual Applications

To allow more customers to still enjoy this product, a maximum single premium of S$500,000 per life assured is imposed. "




If you want to know more about the TM Infinite VIP before it is discontinued, check out this post.

You can contact us if you need to know more. 

TM Infinite VIP - Continuous Retirement Annuity for Life

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:

1. Minimum Single premium of S$133,350
2. Gets you a payout of S$500 EVERY MONTH after 5 years (credited monthly into a S'pore bank account)
3. The payout continues as long as the assured is alive
4. Should Death occurs, 101% of Single premiums paid + Non Guaranteed Terminal Dividend
5. Minimum age 1 year old next birthday
6. 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.

Did I mention that you can get your capital back* ? Ask for a proposal and take a look yourself!

* Conditions apply