Tokio Marine TM Term VIP For Your Company Keyman Insurance ?

Buying a Keyman Insurance for your company's CEO or senior management can be a tricky business.

Simply because most insurers require these head honchos to go for a medical examination once the sum at risk crosses the insurance company's risk appetite and many a times, that amount is also pretty low or not even worth considering.

Then some financial advisers would attempt to propose that these top brass take on individual life insurance where the firm might feel that it is quite costly to even consider purchasing. Tokio Marine Life Insurance or the Tokio Marine Group has recently added an upmarket Term policy into their arsenal of innovative insurance plans. Appropriately named as TM Term VIP; it is to address the needs of individuals who need high coverage. The following are some of the features of this value for money policy:

Tokio Marine Life Singapore Shares on FM Kiss 92 Radio Station

Been reading a lot about Tokio Marine Life Insurance products? For those who are more auditory inclined; try the following (remember to click on the "play" button):

TM Term Assure

Yes, You read it right! It's 28% off the 1st year premiums for TM Term Assure from July 2017 till End September 2017! So if you are lacking in coverage, this is a good time to top it up as Tokio Marine already has 1 of the lowest premiums for their Term policies in the market and with the promotion, it's really a steal!

TM Protect One
In another attempt to reach out to a greater pool of audience and to educate the public about insurance matters; the life insurer Tokio Marine, has engaged 1 of Singapore's popular Radio Station, Kiss 92 FM to broadcast some of their insurance products during their morning shows for about a minute each time.

If you are not an early bird or missed the sessions each time due to unforeseen circumstances, hope the above will satisfy that craving! (Your Welcome!) The write up about TM Protect 1 is here.

If reading and listening have got you interested, then probably the next best thing to do, will be to TAKE ACTION!

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.

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.

Maximising your SRS with an Endowment Plan

SRS (Supplementary Retirement Scheme) was once a household word when it was introduced and somehow now it has lost its pizazz. However, it is still a worthwhile consideration for your retirement and tax planning in Singapore

For people who are beginning to set aside money for their retirement plus tax planning and are not familiar with SRS, here're some examples:

                                              Another Example:

In a nutshell , the things you need to know if you are utilising your money for SRS are:

1. There will be annual savings in your income tax if you belong to the higher tax bracket.
2. Your SRS contribution can be used to buy Insurance policies which appreciates with time & get you more for retirement.
3. Upon withdrawal, only 50% is subject to tax & you can expect greater savings should you spread your withdrawals over a 10 years period.
4. The interest rate on balances in the Supplementary Retirement Scheme (SRS) Account which are not invested is currently approximately hovering at 0.05% p.a. (POSB 2012)
5. Moves you into lower tax bracket
6. SRS contributions must be made by 31st December each year
7. Singaporeans annual cap-$12,750, Foreigners annual cap-$29,750 (as they do not have CPF)

So that leads us to the reason why this post is written. Tokio Marine has launched a single premium endowment policy called TM Retirement@63 on 8 January 2015. It basically provides 10 annual Cash Benefits starting from policy anniversary at which the assured reaches age 63 on next birthday (which is also the payout date). Once the client receives all 10 annual payouts, the policy then terminates.
The nice thing about the plan is that it is also available in cash mode & is a guaranteed acceptance policy. As with most insurance, there is also some form of death benefit unlike other SRS investments which basically returns you whatever is left in the account at the point of death (which at times can mean a loss in capital).

If you are still wondering which insurance plan is suitable for SRS, then look no further and contact this FPC for more details about TM Retirement@63 !

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

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!

Product Withdrawal of TM Legacy VIP by 21 July 2014

All good things do come to an end as one of the hot selling plans for High Net

Worth individuals are being pulled out due to revisions to the insurance regulatory framework in Singapore.

As quoted in a letter from the management in Tokio Marine Life Insurance Singapore ... "If the proposed capital requirement calibrations were adopted,  products that rely heavily on taking investment risks to generate adequate returns, will become unsustainable."

So if you have been procrastinating to get a TM Legacy VIP policy; take action now!

Contact us here

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:

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