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What is TM FlexiCover?
TM FlexiCover is a regular premium, whole life investment-linked plan (ILP) which provides protection against death while providing opportunities to invest in a range of investment-linked sub-funds for potential long-term investment returns.
Product information
Plan overview
- Plan term
- Whole life
- Issue age
- 1–60
Why TM FlexiCover?
Benefits at a glance.
From S$125 a month, be covered for death while maximising your potential investment returns.
In addition, you enjoy these benefits:
- Flexibility to adjust your protection and investment mix to meet life’s changing priorities.
- Flexibility to increase1 and reduce2 your regular premium anytime.
- Access to a range of professionally managed investment-linked sub-funds.
- Gift your policy to your family members with Life Replacement Option.
- Quit Smoking Discount (applicable to smokers).
1 Regular premiums can be increased at any time after policy inception.
2 Reduction of regular premium is allowed only after 2 years of regular premium have been paid, subject to a minimum premium requirement.
Is this right for you?
How to decide if this plan is suitable for you.
This is suitable if you want:
✔ Coverage for death.
✔ Opportunities to invest in a range of investment-linked sub-funds for potential long-term investment returns.
✔ Flexibility to adjust your protection and investment mix to adapt to your changing needs.
This is not suitable if you want:
✖ Guaranteed returns.
✖ A single premium plan.
✖ Regular access to funds.
10 The policy values are based on an illustrated investment rate of return of 4% p.a. or 8% p.a. and are used purely for illustrative purposes. An annual fund management charge of 1.25% is assumed and all fees and charges have been taken into account in the computation of the illustrated values. The fees and charges are not guaranteed and may be revised in the future at the discretion of Tokio Marine Life Insurance Singapore Ltd. The actual benefits payable will depend on the actual performance of the underlying assets of the fund(s) invested. The performance of the fund(s) is not guaranteed and the policy value may be less than the capital invested. The illustration assumes no withdrawals, no ad-hoc top-up premiums and no premium holiday.
Please refer to the product brochure for full details.
What it gives you
Features of TM FlexiCover.
1 Subject to the sum assured limit and medical underwriting.
2 Reduction of insurance coverage to zero can be allowed once the life assured reaches age 55 and at least 10 years of premiums have been paid for the basic policy.
3 Regular premium can be increased at any time after the policy inception.
4 Reduction of regular premium is allowed only after 2 years of regular premium have been paid, subject to a minimum premium requirement.
5 Ad-hoc top-up premium can be paid at any time after the policy inception and it does not increase the basic sum assured.
6 Partial withdrawals of regular premium units may reduce the basic sum assured.
7 Premium holiday is allowed only after premiums have been paid for the first two policy years. Non-payment of premiums during the first two policy years will terminate the policy automatically.
We’ve got you covered
Additional riders to enhance your protection.
Term Rider
Provides coverage for death, Terminal Illness (TI), or Total and Permanent Disability (TPD) of the life assured. Payment of benefit from this rider does not reduce the basic sum assured.
Additional Critical Illness Rider
Lump sum payout on diagnosis of any of the covered critical illnesses. Payment of benefit from this rider does not reduce the basic sum assured.
Pays out monthly benefits for 6 years upon the loss of ability to perform any one of the Activities of Daily Living (ADL).
Additional EarlyCare Rider
Covers medical conditions and procedures arising from critical illnesses at 3 different stages of severity (Early, Intermediate and Advanced), as well as Juvenile Conditions and Special Conditions. Payment of benefit from this rider does not reduce the basic sum assured.
Waiver of Premium Rider, (Enhanced) Payer Benefit Rider and (Enhanced) Spouse Rider
Future premiums will be waived in the event of death, TPD, and/or upon diagnosis of any of the covered critical illnesses.
Covers death, child-related illnesses and provides a hospitalisation benefit. In addition, 80% of premiums paid will be refunded upon the survival of juvenile life assured on the policy anniversary when he/she reaches age 19.
Important Information
All ages mentioned in this website are based on age next birthday. All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the Policy Contract for the precise terms and conditions of this plan.
This plan is underwritten by Tokio Marine Life Insurance Singapore Ltd. and is only available through our authorised distributors. Kindly obtain the required product disclosures and seek advice from a financial adviser before making a commitment to purchase this plan. As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. It is also detrimental to replace an existing life insurance policy with a new one as the new policy may cost more or have fewer benefits at the same cost.
For policies distributed in Singapore: This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme, as well as the limits of the coverage, where applicable, please contact us or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information shown in this webpage is for reference only and is correct as at October 2021.
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