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

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.