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TM Asia Life – never heard of this company!
By Patrick Lim  •  September 10, 2009
[caption id="attachment_3359" align="alignright" width="113" caption="Tokio Marine"]Tokio Marine[/caption] Today, one of my company's advisers related to me on the encounter with her client who has an existing insurance agent. Ms T (my company's adviser) was given the challenge to source for a more competitively priced limited premium whole life plan to compare with what has been proposed to her client by her tied agent. Ms T responded by recommending TM  Asia life's TM  legacy (LP) plan which is a limited premium participating whole of life plan. The similar participating limited premium whole life plan proposed by her client's insurance agent is from one of the big 4 insurers and it was no surprise that TM Asia life's TM legacy (lp) pricing of premiums came in lower, much lower which was Ms T's value add proposition to her client. However, Ms T's client remarked that she has never heard of TM Asia Life. This statement from Ms T's client may be interpreted to have at least 3 implications: a.TM  Asia Life is a new company b. TM  Asia Life is a small company and c. TM  Asia Life may not be financially stable and or strong My comments: Well, it is always a subject of interest to know what are the thoughts and perceptions of consumers towards TM  Asia Life's standing in the life insurance industry. Here are some brief facts on the history of TM  Asia Life: IN 1925, Asia started out as a general insurer, amongst other business interests. In 1948, Asia went into the life business as a subsidiary of Asia General Holdings Limited, with interests in life and general insurance, investment holdings, property and hotel developments, and investment dealings both here and overseas. Asia Life still holds the distinction of never cutting bonuses since the company’s first maiden bonus declaration to her participating policyholders way back in 1951.
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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