What is TM Education (LP)?

It is a limited pay, participating endowment plan to fund your child’s tertiary education.

It comprises of:

  • 3 guaranteed College Expense Benefits payable over 3 years for tuition fees
  • Child Maturity Option for your child to purchase a new whole life or endowment policy, for up to the sum assured of the matured policy without further medical evidence.
  •  Coverage for Death and Total and Permanent Disability (TPD).

Premium Payment Terms available: 5, 10 or 15 years.

Policy Terms available: to age 20, 21, 22 or 23

Why is this important to you?

You and your child can be rest assured that education expenses are taken care of.

 Upon maturity of the policy, your child has two additional privileges:

  • Option to purchase a new whole life or endowment policy, for up to the sum assured of the matured policy without further medical evidence
  • A Graduation Benefit1 comprising of accumulated bonuses, as a gift
1 Bonuses are based on a projected investment rate of return of 4.75% p.a. on the Participating Fund. As these bonuses are not guaranteed, the actual amount payable may vary according to the future performance of the Participating Fund.

This is suitable if you want

  • An education funding savings plan for your children aged between 1 and 10.

This is not suitable if you want

  • A protection plan with immediate high coverage.

Key coverage

  • Death
  • Total and Permanent Disability (TPD)

Additional riders to enhance your protection

  • (Enhanced) Payer Benefit Rider & (Enhanced) Spouse Rider
    Future premiums will be waived in the event of Death, Total and Permanent Disability and/or upon diagnosis of any of the covered Critical Illnesses (CI).
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 insurance plan.

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Important information

All ages mentioned in this webpage are based on age next birthday.

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. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be 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).

Information shown in this webpage is for reference only and is correct as at 25 April 2016.