DIRECT- TM Basic Term is a direct purchase insurance plan that you can purchase without seeking financial advice. It is a regular premium protection plan which covers you against death, Total and Permanent Disability and Terminal Illness.
What is DIRECT- TM Basic Term?
DIRECT- TM Basic Term is a regular premium protection plan which covers you against death, Total and Permanent Disability1 (TPD) and Terminal Illness (TI).
Note: 1 DIRECT- TPD Rider is a compulsory rider to DIRECT- TM Basic Term. Payment of the TPD benefit will reduce the sum assured of DIRECT- TM Basic Term. The rider will expire at the policy anniversary on which the life assured is age 65.
Why is this important to you?
DIRECT- TM Basic Term provides you with the following benefits:
Financial protection against unforeseen events
Have peace of mind for you and your family as DIRECT- TM Basic Term provides a lump sum payout in the event of death, TPD and TI. This will help ease the financial strains on your loved ones should the unforeseen happen.
Coverage up to age 85
DIRECT- TM Basic Term provides you with a choice of 3 coverage options:
- 5 year term with guaranteed renewal privilege up to age 85;
- 20 year term; or
- Up to age 65.
Guaranteed renewal privilege
Rest assured that you can renew2 your coverage period without any medical underwriting, even after your selected policy term has ended.
To provide you with greater protection, DIRECT- TM Basic Term comes with an optional DIRECT- Critical Illness (CI) Accelerator Rider3 that covers 30 CIs, up to age 65.
Note: 2 Guaranteed renewal privilege is available for policy terms of 5 years and the last renewal age is 80 years old. Premiums at each renewal are non-guaranteed and are based on the life assured’s attained age. Other terms and conditions apply.
3 Premium rates for DIRECT- CI Accelerator Rider are level and non-guaranteed. Tokio Marine Life Insurance Singapore Ltd. (TMLS) reserves the right to change the premium rate by giving 30 days’ written notice.
This is suitable if you want
An insurance plan without seeking any financial advice
To buy an insurance plan directly from an insurer
An affordable protection plan without any surrender value
This is not suitable if you want
An insurance plan that comes with financial advice
An insurance plan with savings or investment elements
A whole of life protection plan
DeathPays a lump sum benefit in the event of Death.
Total and Permanent Disability (TPD)Covers until age 65. The maximum TPD benefit payable is S$4.5 million per life, inclusive of all other insurance taken up with Tokio Marine Life Insurance Singapore Ltd.
Terminal Illness (TI)The maximum TI benefit payable is S$4.5 million per life, inclusive of all other insurance taken up with Tokio Marine Life Insurance Singapore Ltd.
All ages mentioned in this website are based on age next birthday.
This product can only be purchased over our Customer Service counter located at Tokio Marine Centre, Level 7.
If you are 62 years old or above, or is not proficient in spoken or written English, you are strongly encouraged to be accompanied by a trusted adult who is proficient in spoken or written English and is familiar with investment or life insurance products.
This is a direct purchase insurance plan and is underwritten by Tokio Marine Life Insurance Singapore Ltd. 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. The information shown on this website is for reference only and is accurate as at 5 April 2018.
Note: 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. You should consider whether the product in question is suitable for you before making a commitment to purchase the product.