Tokio Marine Life Income

Tokio Marine Life Income from Skynex Venture

By: Skynex Venture  21-11-2012
Keywords: Insurance, Financial Services, money


TokioMarine-LifeIncome allows you to enjoy income for life with short term savings, providing priceless piece-of-mind that stays with you until age 90.

Additionally, TokioMarine–LifeIncome enables you keep your plans and dreams for your loved ones to live on upon your passing, making sure they will always have your financial support.


Eligibility                                  :  30 days old – 60 years old (next birthday)
Min/Max Total Sum Assured   :  RM30,000 / No limit but subject to underwriting
Term of Coverage                   :   Up to 90 years old (next birthday)
Premium Payment Term         :  6 years limited premium payment term
Guaranteed Cash Payments   : Guaranteed Cash Payment will be payable annually starting form the end of first policy year as shown in the table below:

 

End of Policy Year
1 to 6               : 4.5% of Total Sum Assured+Cash Bonus up to 1.5% of Total Sum Assured**
7 to maturity    : 6.5% of Total Sum Assured+Cash Bonus up to 1.5% of Total Sum Assured**

 

**Cash Bonus Non-guaranteed Cash Bonus up to 1.5% of Total Sum Assured will be payable annually starting from the end of first policy year.

 

Death & TPD Benefit Upon Death or TPD of the Life Assured after the commencement date and before the maturity date of TokioMarine-LifeIncome, the total future unpaid Guaranteed Cash Payments will be payable in one lump sum, less any indebtedness.

Note:
a) TPD benefit is subject to RM1 million per policy limit and RM2 million per life limit.
b) TPD coverage will cease after attaining the age of 65.
Accidental TPD Benefit Upon Accidental TPD, on top of the TPD Benefit, an additional 300% of the total future unpaid Guaranteed Cash Payments will be payable in one lump sum, less any indebtedness.

 

Note:
Accidental TPD benefit is subject to RM2 million per life limit.
Maturity Benefit Upon maturity at age 90 next birthday, 100% of Basic Sum Assured will be payable, less any indebtedness.

Keywords: financial insurance, Financial Services, fund, Insurance, Insurance Company, Life Insurance Company, money, protect, retire

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