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Cessation of #goCare Deferred Premium Scheme
(w.e.f. 31 March 2021)
Cessation of #goCare Deferred Premium Scheme (w.e.f. 31 March 2021)
Tokio Marine Life Insurance Singapore would like to announce the conclusion of #goCare Deferred Premium Scheme, part of an industry-wide premium deferment measure to assist policyholders who have been financially impacted by the pandemic, with effect from 31 March 2021.
With the cessation of this scheme, if you face financial difficulty to pay your premiums, you may reach out to your Financial Representative to adjust your premium amounts to a sustainable level going forward or explore other contractual options, such as:
- Withdraw any cash benefit accumulated with TMLS to offset the premium due
- Non-Forfeiture options such as reduced paid-up for non-ILP policies with cash value
- Activate premium holiday for ILP policies
- Change of premium payment frequency
- Reduction in Sum Assured
In view of the far-reaching economic challenges of Covid-19, we endeavour to provide continued support to our policyholders. Should you require any further assistance, please contact us through customercare@tokiomarine-life.sg.
Details
- Posted on: March 08, 2021
- Type of News: Announcements
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