What is TM Retirement GIO Plus?

TM Retirement GIO Plus is a participating whole life plan that pays out a yearly retirement income for life, starting from the 5th policy anniversary.

  • Short premium payment term of 5 years.
  • Receive a retirement income for life, annually.
  • Simple and hassle-free application with guaranteed acceptance (no medical examination is required).
  • Death and terminal illness protection throughout the policy term.

Why is this important to you?

  • Receive a guaranteed cash benefit for life from the 5th policy anniversary. Each annual payout1 consists of a guaranteed cash benefit, equivalent to 2.2% of your sum assured2, and a non-guaranteed annual dividend.
  • Starting from the 5th policy anniversary, 100% of the total annual premiums paid3 is guaranteed.
1 The annual payout consists of a guaranteed cash benefit equivalent to 2.2% of sum assured and a non-guaranteed annual dividend equivalent to 4.00% of sum assured based on an illustrated rate of investment of 4.75% p.a. on the Participating Fund. At an illustrated rate of investment of 3.25% p.a., the non-guaranteed annual dividend is equivalent to 1.80% of sum assured.

2 It does not represent the amount payable on the insured events. The sum assured is a notional value and is used purely for determining the dividends and cash benefit amount.

3 It means the total annual premiums paid for the basic plan, even if the premium mode is monthly, quarterly or half-yearly, excluding any premium loadings and interest paid for loans and reinstatement (if applicable) under the policy.

This is suitable if you want

  • lifetime income from as early as 5 years after entry
  • to have no medical underwriting upon application

This is not suitable if you want

  • high death cover
  • a one-time premium commitment
  • a lump sum payout upon retirement

Key Coverage

  • Death
  • Terminal Illness

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 15 Jul 2019.

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