In today's advanced medical technology, if Cancer strikes an individual, there is still hope for recovery. However, the truth of the matter is that lifestyle costs also increases after the arrival of this dread disease, no matter how hard you try to contain it.
What are the costs?
Your Health & Wealth Management Financial Planner, specializing in all your medical insurance and investment needs in Singapore.
No Retirement is Secure till you have TM Retirement Secure
The Tokio Marine Group in Singapore has added another retirement product into its already
comprehensive range! This time the newly launched, TM Retirement Secure was introduced to Singapore on 08 January 2016 and is particularly suited for individuals looking for guaranteed income for a fixed span of time; whilst having a short premium commitment period!
One can even add a Cancer Income Rider (details in upcoming post) or a Cancer Waiver Rider! Just to make sure that your retirement plans will not be hampered should an unforeseen event like Cancer is to strike and you need your lifestyle to continue as before.
Some of the features of TM Retirement Secure that is worth highlighting are as follows:
comprehensive range! This time the newly launched, TM Retirement Secure was introduced to Singapore on 08 January 2016 and is particularly suited for individuals looking for guaranteed income for a fixed span of time; whilst having a short premium commitment period!
One can even add a Cancer Income Rider (details in upcoming post) or a Cancer Waiver Rider! Just to make sure that your retirement plans will not be hampered should an unforeseen event like Cancer is to strike and you need your lifestyle to continue as before.
Some of the features of TM Retirement Secure that is worth highlighting are as follows:
AIG Premium Discount for Motor Vehicles Above 2000cc
AIG is coming on strong; this time supporting motor vehicles 2000 cc and above by giving a 10% discount on their premiums. Shall let the flyer do the talking.
If you are interested, just call the number on the flyer.
If you are interested, just call the number on the flyer.
TM Protect Cancer If You Want More Cancer Coverage
Concerned about the rising rate of Cancer incidents affecting many in Singapore? For those who still do not know, Cancer is the number one killer disease in Singapore. See this link.
That is why Tokio Marine Life Insurance Singapore has launched the TM Protect Cancer, which is a non-participating term plan that provides financial aid when one is diagnosed with early and advanced stage cancer, so you can stay 100% focused on recovery. This plan also provides a $5,000 death benefit.
This yearly renewable plan provides up to S$150,000 insurance coverage for cancer and is specially designed for adults between the ages of 30 and 65, with coverage extending until the age of 85.
The key features of the plan are:
That is why Tokio Marine Life Insurance Singapore has launched the TM Protect Cancer, which is a non-participating term plan that provides financial aid when one is diagnosed with early and advanced stage cancer, so you can stay 100% focused on recovery. This plan also provides a $5,000 death benefit.
This yearly renewable plan provides up to S$150,000 insurance coverage for cancer and is specially designed for adults between the ages of 30 and 65, with coverage extending until the age of 85.
The key features of the plan are:
NTUC Enhanced Incomeshield Is Celebrating The Present By Protecting Your Future With CapitaVouchers !
Yes, you read it right! NTUC Income is giving CapitaVouchers when you sign up for an Enhanced Incomeshield policy with them from now till 31 December 2015.
Terms & Conditions
1. Qualifying policies for this Promotion are for the new Enhanced IncomeShield policies (the “Qualifying Policies”).
For avoidance
of doubt, qualifying policies refer only to Enhanced IncomeShield main plans, and not riders.
2. Applications for the
Qualifying Policies must be submitted and received
by NTUC
Income from
10 May 2015 to 31 December 2015 (inclusive of both dates) (the
“Promotion Period”) and, if the applications are approved, the policies
must be issued not later than 29 February 2016 for
the customer to be eligible
fo the Promotion.
3. A customer who successfully signs
up for a Qualifying Policy will
be entitled to CapitaVoucher. The voucher amount depends
on the age of the insured
and the type of Qualifying Policy, as
well as, the net annual
premium amount of the main plan in the first year. The
net annual premium refers to
the premium (including GST) payable after any premium discount and MediShield Life premium subsidies/ rebates. The CapitaVoucher amount will depend
on the amount of the net annual
premium, rounded up to $5.
4. Customers are entitled to receive the vouchers only once upon the issuance of
the “Qualifying Policies”. Subsequent upgrade in plan, even if made during the Promotion Period, for such policies
will not entitle
the customers to any additional vouchers. For avoidance of doubt, customers with any IncomeShield
plan issued before the Promotion Period
whom subsequently upgrade their plan
during
the Promotion Period will not be entitled to any vouchers under this Promotion.
5. The first year premium for the Qualifying Policies must
be
paid and received by NTUC Income during the Promotion Period for a customer
to be eligible for this Promotion.
6. NTUC Income reserves
the right to demand
from the customer the full
value of the vouchers for Qualifying Policies which are issued but terminated
or lapsed within
6 months from the policy
issue date or cancelled during the free-look period by the customer and the customer
shall
immediately pay NTUC
Income such amount
demanded.
7. The vouchers must be collected within 1
month from the date of the redemption letter. The redemption letter will be mailed to customers at their registered address with NTUC Income. The vouchers are not exchangeable
for cash or any benefits-in-kind.
8. NTUC Income reserves the right to replace the vouchers with
items of similar value or change the terms and conditions for this Promotion at any time without prior notice to the customer.
9. This Promotion does not affect or change
any term of the policy contract for the Qualifying Policies
and is not valid in conjunction
with other incentives and promotions offered
by NTUC
Income. NTUC Income’s decision on all matters relating to this Promotion (including the issuance of
the vouchers) shall
be final, conclusive
and binding. No appeal
will be entertained.
10.Under no circumstance shall NTUC Income be liable to any customer
or party,
whether in contract
or tort (including negligence) or otherwise, for any liabilities, losses and damages, claims, costs
and expenses (including any special
or consequential damages or losses) in connection
with, related
to or resulting
from this Promotion, the vouchers and/or use of the vouchers.
11.Usage
of the vouchers is subject
to terms and conditions imposed by CapitaLand Mall Asia Limited.
12.No joint venture, sponsorship, tie up, agency or any other relationship
is intended or created
between NTUC Income, CapitaLand Mall
Asia Limited, hamper supplier, or manufacturer/merchant of
any replacement item(s). Neither
is this Promotion intended or deemed to be a connection with or use of the brand name of CapitaLand Mall Asia Limited, hamper supplier
or replacement item(s).
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:
If you are interested to know more about the plan or to get one for yourself, do drop us a contact.
- 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
If you are interested to know more about the plan or to get one for yourself, do drop us a contact.
QBE Small Group Insurance for SME Group Size from 1 to 14
QBE has finally launched its small group insurance for SME companies from 1 to 14 staff! From the looks of it, this plan seems to be able to "overthrow" many of their competitors in this heavily competitive employee benefits industry. In a nutshell, here are some of the product features:
- Essential Plan (that is what it is called), is positioned as a low cost group medical plan
- 6 Room & Board options to chose
- No health declaration form required (trust me, this is a BIG plus in this day & age of compliance and forms filling!)
- Pre-existing health condition is permanently excluded (terms & conditions apply)
- Various riders to chose from : KCT (Kidney & Cancer Treatment), Outpatient Panel Clinic, Outpatient Specialist, Dental, Deductible options.
- Premium is based on average age and group size
- Panel TCM consultations is part of its outpatient plan
- Minimum premium is $200 per policy excluding GST
- Dental benefits has more coverage and higher limits than other insurers
- Insurance coverage till 72 (ANB) ~ Most small group plans are up to 66 (ANB)
- MRI/CT Scan/PET Scans are included in Specialist treatments ( Many insurers exclude this)
- Deductibles can be applied to reduce premiums
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