Tokio Marine Life Insurance Singapore has launched their TM Nest Egg (SP-Guaranteed 5 Series) on 1st November 2010.
TM Nest Egg (SP – Guaranteed 5 Series) is a three-year, non-participating single premium endowment, designed as a savings vehicle to accumulate wealth, while at the same time providing coverage against death, terminal illness (TI) and total and permanent disability (TPD).
The specifications of the TM Nest Egg (SP-Guaranteed 5 Series) policy are as follows:
Age at entry (min) : 1 age next birthday
Age at entry (max) : 65 age next birthday
Minimum single premium : S$20,000 (cash or SRS)
Maximum single premium : S$200,000
Duration : 3 years
Guaranteed maturity yield : 1.4% p.a.
In the event of death, total and permanent disability (Up to 65 Age Next Birthday) or terminal illness, 105% of single premium is payable.