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. 

What You Do Not Know About Eldershield in Singapore

Being old and elderly was something far away from my mind, when I started in the insurance

business 20 years ago, but lately, seeing more news articles on retirement and ageing with yours truly also slowly approaching the "Silver Generation", my family and I began to have our antennas up whenever the topic of age related matters popped up.

Lately, a close relative of ours started to have difficulty walking and he was 72. The first thing that came to my mind was Eldershield, as he displayed the criterias needed to submit a claim (for those who are not familiar with the workings of Eldershield, here's a link to read up about it and after reading, you will definitely feel it's insufficient).

However, what confused us was that his premium payments had ended when he was 65, so naturally we thought the cover

QBE TravelOn Coverage Changes

Ok, This post came rather late; but as the saying goes, "Better Late Than Never". QBE TravelOn did a revamp to their Travel insurance policy on 02 September 2015 and the rates are rather attractive now with their enhanced benefits as follows:

AIG Travelguard Claim Events and Their Response

 Of late, clients were asking us how efficient were  the travel claims at AIG Travelguard? So the best reply we think would be to attach screenshots of the past claims from AIG and let the pictures speak for themselves on the responsive actions AIG Travelguard took. There were recent cases of buses plunging into ravines in Malaysia. Many a times, it was the trips to our neighboring countries which had travelers ignoring the call to buy travel insurance since it was only a short journey. However we tend to forget that there were many winding roads en route to our holiday destinations and at most times, movement of the vehicles were done

Retirement Planning With Cash or SRS

With the aging population in Singapore, the buzz word these days is probably Retirement. Tokio Marine Life Insurance Singapore from the Tokio Marine Group will probably be the one insurance company to help you address this need since they have been aggressively launching and promoting new retirement policies of late and here's the latest video just to help you better understand and plan for your retirement using your SRS or cash using one of their latest launch, TM Retirement (SP)! (For those who want to know what is SRS or how it can help you in your tax planning, visit this page)

So if you are someone who wants more money in your twilight years to complement your CPF monies, watch this retirement video and start calling us to find out more! [From 1 Jan 2016, please leave your CONTACT NUMBER in the "message" box, so we can verify that your interest is real and not for the sake of getting quotations only. (For quotes, you can call the insurers directly). Thanks for your understanding]

Cancer Income : Does Life Still Goes On When Cancer Strikes?

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?

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: