AA Singapore FREE Membership Drive with Tokio Marine Life Insurance (AA-TMLS)

With intense competition to be different, companies are now going all out with collaborations and both Automobile Association of Singapore (AAS) & Tokio Marine Life Insurance (TMLS) are no exception either. For the men who have served their National Service in Singapore, remember the dirt CHEAP insurance which you took up during your Army days and honestly, aren't you glad you did; since the premiums were extremely low? Well for the rest of the people in Singapore; envy not because it is time for you to enjoy such perks too! (as in getting preferential rates just because you belong to a "group")

Which other associations in Singapore or exclusive group is big enough to have insurers willing to offer them good discounts? To celebrate their 110th anniversary, the over 80,000 members strong AAS or Automobile Association of Singapore has further ramp up their membership drive by giving car owners FREE membership fees for the 1st year. To top that, the members will be able to get Group Term Life Insurance and their riders at premiums not offered to the retail market from Tokio Marine Group! The package is called "Life Protector" (for pure vanilla term life insurance) or "Life Protector Plus" (with 37 Critical Illness). There is even a package for those who wants hospital cash!
As always, being an AAS member also comes with fantastic privileges thrown in (refer to item 1 below)

Some points to note :

• Premiums are age banded (ie premiums will rise as insured enters a new age band)
• To enjoy AAS free 1st year membership fees, minimum insurance premium has to be at least $200 per year.
• Only 1st year's membership fee is waived; however if applicant is already a member and is renewing membership, the renewal fee of the renewal year is waived.
• Lifetime member of AAS can also buy the insurance at the preferred rates; their entitlement to a year's free AAS membership, can be passed on to a family member.
• Members who bought the AAS 3 years membership will not be entitled to the Free membership drive.
• Last Entry Age for the insurance is 66 ANB (Age Next Birthday) & Maximum Renewal Age is 70 (ANB)

Below are the links for the application:
AA Life Protector Rates/Brochure (See what the insurance covers and the different options)

1. AA Membership Application (See what does being an AA member gets to enjoy)
2. Life Protector Application Form (Must come with AA Membership Application)
3. Tokio Marine Business Reply Envelope for Life Protector

Use item 3) to mail 1) & 2) after signing on the "red ticks" (including the credit card form):
You can also contact us if you want to know more or have further queries.

Tokio Marine Life Insurance Promotion 2015

Tokio Marine Life Insurance Singapore (TMLS) is having a promotion till December 2015 and for policies $200 per month and more, you will be given fabulous gifts and shopping vouchers! This is not a contest nor lucky draw. It is a confirmed giveaway, as long as you sign up for a policy based on the required premiums stated. (Which company doesn't want to be part of the SG50 Jubilee Celebration?)

The attached poster is self explanatory and no, you don't need to get the policies from a road show, just email us and we will help you get your dream product!

TM Legacy LifeFlex - Tokio Marine's (TMLS) Booster?

It's finally out! Ever since Tokio Marine Life Insurance Singapore (TMLS) withdrew their flagship product, TM Legacy Plus..clients and peers alike have been asking why and waiting patiently for the company's product team to come up with another unique life plan which can cover critical illness and maybe early detection riders and finally the wait is over as TM Legacy LifeFlex is born! Since it's so fresh from the oven, we will just share what we know about it and maybe over time, post some updates on the pros and cons of the product
  

• Limited premium term.
• Early, Intermediate & Advance stages of Critical Illness (CI) can be claimed.
• Flexibility to buy & CHOOSE BETWEEN Early Care (EC-early detection) & CI riders or both.
• Early Care limit has been raised to $150,000 from the previous $75,000
• GUARANTEED CI premium rates.
• Multiplier available up to 10x or what they call "boosters" to increase your coverage (if you are on a tight budget).
• ANNUAL DIVIDEND (1% of sum assured) from @65 for retirement income (non guaranteed)~the only plan in the market to offer this currently.
• Up to 50% off medical underwriting (for high multiplier).
• Some companies can only claim 25-50% of Sum Assured for Early Detection.. The EC in this plan can claim full (up to the limit stated*).
• Boosters stop at age 65.
• Early Care Pays for life on wellness* benefit, while its booster does not have this benefit at all.
• Once Basic booster terminates, all boosters will lapse.
• Minimum CI Rider to be purchased is $15k.
• Must have rider before purchasing rider boosters.
• Riders must be added within the 1st 6 months of policy being incepted.

*For more details, please refer to policy.
Even though there are puns about it being known as "lie flat"; we are very sure this product is going to take the market by storm with its flexibility! Contact us now for more info! If you need us to elaborate the product to your company's employees, feel free to contact us using the above link as well.

TM FlexiAssurance - The Answer To Your Investment Linked Policy (ILP) Woes?

When TM FlexiAssurance was first launched; it seemed to be another run off the mill ILP product; until you attempt to dissect it and then the policy's benefits will thus slowly surface.

In fact, we will not even attempt to call it an investment linked plan but to use the alternative name of a unit linked policy seems more appropriate, as the focus is not so much on making massive returns from the product but rather to have respectable coverage with the mortality charges being level unlike other unit linked policies in the market which only sell plans with increasing mortality charges (this serves as a BIG benefit for the more matured audience!) In a nutshell, here are the pros and cons of TM FlexiAssurance (please refer to policy wordings for actual details) :

• Level Mortality Charge (benefiting the matured clients).
• No premium holidays allowed during first 2 years.
• No surrendering of policy or partial withdrawal of units during first 8 years, else it will incur surrender charges .
• Free Fund Switching.
• Loyalty bonus units given for keeping the policy in forced every 5 years.
• Both optional premium paying or Unit deducting riders are available. (with the latter, it does not cause policy to lapse in bad times).
• Low minimum entry premium of $125 per month.
• Available in 2 coverage options  (till age 70 or 99).
• Invests 100% of your premiums (some companies only start investing the full amount many years after policy is in force)...read up more on front end load and back end load ILP
• Flexibility like Top-ups, partial withdrawals and premium holidays are also available as with all ILP products. 
• Riders like the accelerated Dread Disease is unit deducting and will not lapse when you are taking a "premium holiday" (as long as there are sufficient units in the policy); unlike many other companies which will automatically terminate ALL riders the minute "premium holiday" is activated!

For those who are not certain about the features of such policies and are often mislead by the majority who coin the term "risky" on investment linked policies; maybe the following illustration (courtesy of TMLS TM FlexiAssurance brochure) can show you the benefits of  ILP or Unit Linked Policies:

If you want to know more about this fantastic policy and how it can serve your need, contact us!

The Rising Retirement Problem of Singapore and A Unique Solution!

Finally, a product being launched once again by the ever innovative Tokio Marine Life Insurance product development team to address our greying population. In the recently concluded National Day Rally 2014, Singapore's Prime Minister did highlight the use of the lease buyback scheme of the HDB and Minimum Sum Requirement's (MSR) annuity program to meet the needs of the country's Silver Generation.

However, for many, it might not be sufficient to retire with (as voiced by TMLS's CEO-click on image on right)
Well, all is not lost as the company is the 1st to launch a similar annuity program which u can pay by installments, instead of a huge lump sum to achieve your aim and more importantly, spouses can also be covered! Another great  feature  is that you can now start planning for your retirement at a younger age with TM Retirement Paycheck Life (Click on the image below)!

Will just let you read the newspaper cuttings for what the product can do; in the meantime, if you want to know more, please contact us NOW!

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

A Personal Accident Policy That is Great in Features and Price

Mention Personal Accident Policy in Singapore and one will immediately think of telemarketers calling on behalf of banks. However, have you ever stop to wonder should there be a claim, do you know the procedures or are you just like the many who think that they can call the banks to help them fill up the claim forms etc?

No doubt that with online presence, all of us who are tech savvy can submit our forms online, but are you aware that banks only have joint ventures with insurance companies for a short span of time and once the contract period is up and they have gained customer leads and sales, the finance firms (a.k.a) banks will wash their hands off the case and hand you back to the insurers, so why not just initiate your relationship right from the start DIRECTLY with the insurers' intermediaries like yours truly?

Now that the WHY ME has been covered, let's cover the WHY Tokio Marine Life Insurance Singapore (TMLS)? Recently the insurer has just launched a personal accident insurance policy known as TM PA. Listed are some of the benefits which makes it stand out from the crowd:

• Covers Dengue Fever
• Only ONE Parent needs to buy and up to FOUR kids up to age 18 are covered for FREE*
• Guaranteed Renewal up to age 75 (as long as you pay your premiums on time)!
• No requirement by persons above 65 need to make declaration on health during the renewal exercise (this health declaration can be quite inconvenient especially for the senior citizens, as the insurers will decide if they want to renew the PA policy based on the clients' declaration...ask yourself which elderly has perfect health past the age of 65?)
• Monthly modes of payment are available
• Premiums for Class 1 & 2 are the same

* The entitlement for Free Child Cover is as per the screenshot below:

If you want to know more about the rates and benefits, click here, but if you need to clarify your doubts, just click on the "Contact Us" Button on the right.

However if you want to compare solely on rates, then this site might interest you more.

Tokio Marine Life Insurance Maintains Bonus Rates

TMLS has done it again! They are maintaining their bonus rates for their participating policies for the Year 2012.

What that means to you is that all those "non-guaranteed projections" which you often see in benefit illustrations will be vested and moved to the guaranteed column for the year 2012. Not many insurers are able to do that for 65 years!

Here's a screenshot of the report:

For those who love details, here's the pdf link:

So, if you are a Tokio Marine policyowner, start smiling...if you are not, what are you waiting for? Click the "Contact Us" button on the right!

Tokio Marine Life Insurance Singapore Withdraws Term Products

Looks like something is brewing over at TMLS, as the company is now withdrawing more of their Term plans. This is the 2nd time they are doing product withdrawals in 2012, the details of the first product withdrawal can be found at this link.

Maybe it's just renaming of their products and like many insurance companies, to use the opportunity to revise rates and benefits?

Well, whether it is for the better or worse, we will know when we get the hands on the new products, named as TM Term Assurance and TM Enhanced Term Assurance (with Dread Disease cover). Will cover more about them in a later post. For the records, here's the official letter on the withdrawal of TM Well being, TM Peace of Mind and TM Business Continuation.

TM Enrich is given a new Facelift

OK, this post is about a month late, but better late than never.

Tokio Marine Life Insurance (TMLS) did some revamp to one of their products, TM Enrich. Quite expected since the current economic outlook is not too rosy. Nevertheless, it still beats the Fixed Deposits of banks out there. Check out this page for the details. Well instead of repeating what Tokio Marine has mentioned, here's the announcement straight from the horse's mouth:

TMLS Appoints New Chief Executive Officer

Effective 1 May 2012, a new beginning has commenced for Tokio Marine Life Insurance Singapore (TMLS), as they appoint a new CEO, Mr Lance Tay  to the helm.

Mr. Lance Tay joined TMLS in 2010 as the Head of Partnership Distribution where he w as instrumental in strengthening TMLS’ position as one of the leading life insurance product and service providers to financial advisory firms in Singapore.

He has over 27 years experience in the life insurance industry and has held various senior positions in Singapore and the region. Before joining Tokio Marine, Lance held a number of key positions in Singapore and the region, including Deputy CEO & COO of John Hancock Singapore and as Chief Marketing Officer of AIA Singapore.

Mr. David Beynon, who has led the business in Singapore for 22 months, has been appointed to the role as the President Director of Tokio Marine group’s new life business in Indonesia, which will operate officially as PT. Asuransi Jiwa Tokio Marine Indonesia.

Mr. Winson Yap, the current Head of Bancassurance, is promoted to the role of Chief Distribution Officer, reporting directly to the CEO. He will assume oversight of the individual life business development and training aspects of the Agency, Bancassurance and Partnership Distribution Departments.   In his new role, he will continue to actively engage the FA firms in maintaining our market leading position, embark on a focused strategy to grow the Agency force and also strengthen our Bancassurance presence in Singapore.

Ms. Margaret Chang, who is the current Head of Insurance Operations Division is re- designated to Chief Operations Officer, overseeing Underwriting, Claims, Customer Services and Change Management Departments.

A noticeable loss for Tokio Marine, will be Mr. Brian Hannan, as he steps down from his current position as Senior Vice President and Head of Agency Distribution

Tokio Marine Life Singapore Branding Campaign

As we enter into the early hours of 12 Dec 2011, I just want to be the 1st to announce that Tokio Marine Life Singapore (TMLS) is starting their BRANDING campaign today!

Why? Simply, right up till today (or shall I say yesterday), most of the public does not know that TMLS has acquired Asia Life a couple of years back and is already one of the growing Life Insurance companies in Singapore. Since TMLS has been somewhat living in the shadows of its parent firm, Tokio Marine Group; many individual still assumes that the company does marine and general insurance only (most likely due to their name).

So today marks the day which Singapore will know Tokio Marine Life Singapore (TMLS) is not only in the life insurance business, but they market employee benefits (group insurance) for companies as well! So look out for their branding campaign running throughout the next 12 weeks on CNA and Channel 5 TV Commercials, MRT plying the NS and EW lines, taxi billboards and on the 15th December, TMLS will be shown for the entire run of the movie screening schedule of the blockbuster hit "Mission Impossible 4" @ Golden Village and Cathay Cinemas!

Maybe with all that hype and more recognitions to come, you might want to join us to understand what makes the company ticks and grow so quickly in this highly competitive arena of life insurance business! Feel free to find out more about us and even to start a career with us!

Launch of TM Legacy VIP

1 December 2011 marks a special day for Tokio Marine Life Singapore as it's the launch of their long awaited TM Legacy VIP!

TM Legacy VIP main features are :

• Permanent high insurance cover for Family Financial Security
• Immediate liquidity with a high cash value from day 1
• Further asset accumulation through growth in your cash value
• Equitable and positive estate distribution solution

Tokio Marine Life Insurance Singapore has also added the following features to make it more appealing to customers who used to get universal life plans as solutions : You can buy this policy for kids as young as age 1 year old Policy is dominated in S$, unlike TMLS's competitors marketing Universal Life policies, which are normally transacted in US$ TM Legacy VIP has Lifetime cover when compared against TMLS rivals, who normally markets term plans. Policy loans up to 80% of cash value from day 1. The policy pays out the higher of Guaranteed Death Benefit or Sum Assured + Bonuses (before age 100)

Who should buy? Business Owners. People who likes single premium products (calculated liability). Those who wants high coverage from day 1 till age 100 and long period of guaranteed cash values. Asset Owners who wants collateral for financial institutions. Individuals who wants to leave behind charitable legacy. Parents who wants to provide for estate equalization (ie: all their children will be left with some form of asset upon the demise of the parents, in the form of a business, property or simply cash). Grandparents who wants to leave a legacy for their grandchildren. For those who want S$ dominated policy Companies who need Keyman Insurance