What is TM Mortgage Protection?

It is a regular premium, non-participating reducing term assurance plan, designed to provide:

  •  Protection against financial liability such as mortgage loans
  •  Coverage against
    • Death
    • Total and Permanent Disability1 (TPD)
    • Critical Illness (CI)2  (optional)
  •  Flexible policy terms: 10-30 years
  •  Available interest: 0% - 9.75% (in steps of 0.25%).
  •  Joint Life option3
     
Note:
TPD Benefit is provided until the policy anniversary on which the life assured is age 65 next birthday.
2 Covers 36 CI and is available for single life applications only. Premium rates for CI are non-guaranteed. Tokio Marine Life Insurance Singapore Ltd. reserves the right to change the premium rate by giving 30 days’ written notice.
3 The joint life feature is available for basic plans covering Death and TPD benefits only. Insurable interest is required for joint life policies.

Why is this important to you?

It settles your outstanding mortgage loan in the event of unexpected death or Total and Permanent Disability (TPD)1.

For added peace of mind, it offers options for:

  •  Joint life cover2  
    • where the benefits will be payable on the first occurrence of the insured event(s) by any of the two lives assured
  •  CI cover3
Note:
TPD Benefit is provided until the policy anniversary on which the life assured is age 65 next birthday.
2 The joint life feature is available for basic plans covering Death and TPD benefits only. Insurable interest is required for joint life policies.
3 Covers 36 CI and is available for single life applications only. Premium rates for CI are non-guaranteed. Tokio Marine Life Insurance Singapore Ltd. reserves the right to change the premium rate by giving 30 days’ written notice.

This is suitable if you want

  • A protection plan to take care of your mortgage loan
  • Coverage against Death, TPD and/or CI
  • Joint protection with your loved ones 
     

This is not suitable if you want

  • A savings plan
  • A one-time premium commitment
  • Regular pay-out during the policy term

Key coverage

  • Match your loan tenure and interest
  • Total and Permanent Disability (TPD)
  • Joint Life Option
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 Notes

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. 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 1 Feb 2019.

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