DIRECT- TM Basic Whole Life is a direct purchase insurance plan that can be purchased without seeking financial advice. It is a participating whole life plan which provides coverage against death, Total and Permanent Disability and Terminal Illness.
What is DIRECT- TM Basic Whole Life?
DIRECT- TM Basic Whole Life is a participating whole life 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 Whole Life and the payment of the TPD benefit will reduce the sum assured of DIRECT- TM Basic Whole Life. The rider will expire atthe policy anniversary on which the life assured is age 65.
Why is this important to you?
DIRECT- TM Basic Whole Life offers you:
Greater financial security
DIRECT- TM Basic Whole Life provides a lump sum payout2 in the event of death, TPD and TI which will help your loved ones manage the financial burden if the unforeseen happens.
Enhance your protection
For greater peace of mind, you can choose to add the optional DIRECT- Critical Illness (CI) Accelerator Rider3 that covers a total of 30 CIs for life.
Choice of premium payment terms
DIRECT- TM Basic Whole Life offers a choice of premium payment terms of either up to age 70 or age 85 best suit your financial obligations and needs.
Note: 2 Lump sum payout comprises of the basic sum assured plus a non-guaranteed terminal dividend (if any), less indebtedness. 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 financial advice
To buy an insurance plan directly from an insurer
Whole of life coverage as a solution to income replacement
Lifelong coverage against critical illness via a whole life policy
This is not suitable if you want
insurance plan that comes with financial advice
A pure protection plan without any surrender value
Access to your funds regularly
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.
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.
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. 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. You should consider whether the product in question is suitable for you before making a commitment to purchase the product.
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.