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.