An investment-linked plan that adapts to your lifestyle changes
What is TM FlexiCover?
TM FlexiCover is a regular premium whole life investment-linked plan (ILP) which provides protection cover for death.
It is designed to adapt to your changing lifestyle needs.
Key Benefits Snapshot
Guaranteed* protection value in the event of death
Pay no insurance charge when your policy value exceeds the protection value
Maximise your potential investment returns with up to 105% of your premiums to be allocated to your investments from the tenth policy year onwards
* NLG Privilege safeguards the interest of the life assured by keeping the policy in force during the first 6 policy years even if there are insufficient units to deduct the monthly fees and charges.
Why is this important to you?
You can start your investments with a minimum monthly premium of S$125 while being covered for death. In addition, you can enjoy these benefits:
Flexibility to adjust your protection and investment mix to meet changing priorities
Fund switching, ad-hoc top-ups1, partial withdrawals2 and premium holidays3
Flexibility to increase4 or reduce5 your regular premium anytime
Access to a range of professionally managed investment-linked funds
Life Replacement Option to allow you to gift your policy to your family members
Quit Smoking Discount (applicable to smokers)
1 Minimum ad-hoc top-up premium is S$1,200. Ad-hoc top-up premium can be paid at any time after the policy inception and it does not increase the basic sum assured. 2 Minimum partial withdrawal amount is S$1,000. Partial withdrawals of regular premium units may reduce the basic sum assured. 3 Allowed 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. 4 Regular premiums can be increased at any time after policy inception. The minimum increase in regular premium amount for monthly premium payment mode is S$50, for quarterly is S$150, for semi-annual is S$300 and for annual is S$600. 5 Allowed only after the first two years’ regular premiums have been paid subject to meeting the minimum premium requirement.
This is suitable if you want
A regular premium investment-linked plan that:
Provides protection against death;
Allows the opportunities to invest in a range of investment-linked funds for potential long-term investment returns; and
Offers flexibility to adjust to changing needs.
This is not suitable if you want
Single premium plan
Regular access to funds
DeathPays a lump sum benefit in the event of Death
Covers death, child-related illnesses and hospitalisation benefit. In addition, 80% of premiums paid will be refunded upon the rider’s maturity at age 19.
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. Please refer to the Policy Contract for the precise terms and conditions of these insurance plans.
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. Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. The value of the units may rise as well as fall. Past performance is not necessarily indicative of future performance and the performance of the ILP sub-fund(s) is non-guaranteed. A potential investor should read the Product Summary and Product Highlights Sheet(s) before deciding whether to subscribe for units in the ILP sub-fund(s). 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 is for reference only and is correct as at 15 August 2016.