today, we have been notified through an email from tokio marine life insurance singapore on the official launch of their latest product, tm wealth enhancement (enrich).
what is tm wealth enhancement (enrich)?
this is a 5 year term single premium participating endowment plan open to cash and srs only.
product specifications:
death/tpd benefit - On Death or TPD, 125% of Single Premium (SP) plus any attaching bonus will be payable in one lump sum.
With respect to TPD benefit only:
a. The TPD benefit is payable in one lump sum up to a maximum of $2 million per life, inclusive of all other insurance
taken up with Tokio Marine Life Insurance Singapore Ltd. (TMLS).
b. TPD cover is provided up to the policy anniversary preceding the age of 65.
accidental death benefit - On Accidental Death, an additional benefit equivalent to the Death / TPD Benefit (excluding bonuses) is payable.
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