TM Retirement GIO

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TM Retirement GIO is a specially designed retirement plan that guarantees you regular retirement income for life so that you need not worry about outliving your savings.

  1. Retirement Income for Life
    With TM Retirement GIO, you will receive an annual retirement income in the form of Cash Benefits1 equivalent to 5.8% of your sum assured2, from as early as age 55. This will give you the resources to live your ideal retirement the way you have planned.
  2. Plan for Your Retirement
    Plan ahead when you want to retire. This plan gives you the option to receive the lifetime stream of income from age 55, 60 or 65. Whenever you choose to retire, you can enjoy your golden years, worry-free!
  3. Guaranteed Acceptance
    You can do away with the hassle of a medical check-up and start this plan immediately.
  4. Capital Preservation
    Rest assured that you are making a safe decision as you set your resources aside for retirement with TM Retirement GIO. 100% of the Total Annual Premiums3 paid will still be yours in the form of a guaranteed surrender value once the policy starts disbursing the Cash Benefits at your elected payout age. We believe in giving you the security and peace of mind in areas that matter most.
  5. Premium Term Options
    Securing your retirement income does not mean endless premium payments. You can build your ideal retirement fund with a choice of three premium payment terms – 5, 10 or 15 years.

1 The Cash Benefit consists of a guaranteed amount equivalent to 2% of the sum assured and a non-guaranteed dividend equivalent to 3.8% of the sum assured. These dividends are based on a projected investment rate of return of 4.75% p.a. on the Participating Fund. As these dividends are not guaranteed, the actual amount payable may vary according to the future performance of the Participating Fund.
2 The sum assured is a notional value and is used purely for determining the dividends and Cash Benefit amount. It does not represent the amount payable on the insured events.
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.

All ages mentioned in this web page are based on age next birthday.

This plan is underwritten by Tokio Marine Life Insurance Singapore Ltd and all proposals are subject to financial underwriting and acceptance.All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown is for reference only and is accurate as at 8 May 2013.

Note: Buying a life insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than the total premiums paid. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This document is published for information and general circulation only and does not have regard to your specific investment objectives, financial situation and your particular needs.

No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by SBI and it should not be relied upon as such.

The minimum sum assured for this plan is S$25,000.

Entry Ages
Premium Payment Term Payout Age 55 Payout Age 60 Payout Age 65
5 19-50 19-55 19-60
10 19-45 19-50 19-55
15 19-40 19-45 19-50

Premiums charged as per the premiums tables shared by Tokio Marine Life Insurance Singapore Ltd.

  1. Application form
  2. Benefit Illustration
  3. Copy of customer’s IC
  4. Declaration form
  5. Personal Financial Review
  6. Product Summary

Additional documents may be required at the point of application.

Walk in to any of our branches to talk to our Relationship Managers.