TM Retirement Paycheck

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TM Retirement Paycheck is a limited pay, participating endowment plan that provides you with a stream of income in the form of guaranteed monthly paychecks, starting from your selected retirement age, for 20 years. It also rewards you with yearly bonuses which are paid annually, while you receive your guaranteed monthly paychecks. With these payouts, you can look forward to retiring – knowing you have years of paydays and yearly bonuses ahead of you!

  1. Enjoy guaranteed monthly paycheck1
    Receive a guaranteed monthly paycheck for 20 years, starting from your selected retirement age2. You may choose to use it to pay for your day-to-day expenses during retirement.
  2. Receive yearly bonus3up to 12 times4of your guaranteed monthly paycheck
    You can enjoy yearly bonus up to 12 times the guaranteed monthly paycheck, which is paid annually for 20 years, starting from your selected retirement age. With these yearly bonuses, you can treat yourself to a well-deserved holiday every year.
  3. Attractive returns of up to 4.6%4,5p.a.
    TM Retirement Paycheck can potentially provide returns of up to 4.6% p.a. upon maturity.
  4. Reinvest6with us
    You may choose to reinvest your guaranteed monthly paycheck and yearly bonus with us to earn an interest7.
  5. Choose when you want to retire TM Retirement Paycheck allows you to select your desired retirement age that best fits your retirement plans. Retirement age options available are 55, 60 or 65.
  6. Flexible premium payment terms available
    You can pay your premiums over 5, 10 or 15 years, based on your financial comfort.
  7. Capital guaranteed
    Once you reach your selected retirement age, be assured that you will receive at least 100% of your total annual premiumsin the form of a guaranteed surrender value plus the guaranteed monthly paycheck.
  8. Hassle-free application
    With no medical underwriting needed, you can start saving for your retirement almost immediately.
  9. Enhance your financial security with a maturity benefit
    At the end of the 20-year payout period, you will receive a lump sum maturity benefit comprising a guaranteed maturity benefit and any non-guaranteed dividends4. If you had reinvested your guaranteed monthly paychecks and yearly bonuses4 with us, you can look forward to receiving all of them back with additional interest7.
  10. Added security
    Should the unfortunate happen, you are covered by a death benefit9. You can also add on waiver of premium riders10 to help your loved ones cope in difficult times.

Disclaimers
1 The first guaranteed monthly paycheck will commence on the policy anniversary on which the life assured reaches the selected retirement age. The payout frequency is monthly only. Refer to Product Summary for details.
2 Retirement age options available are 55, 60 or 65.
3 The yearly bonus is an annual dividend and is non-guaranteed.
The yearly bonuses and dividends are based on a projected investment rate of return of 4.75% p.a. on the Participating Fund. As these bonuses and dividends are not guaranteed, the actual amount payable may vary according to the future performance of the Participating Fund.
Based on the profile of an individual age 40, premium payment term of 5 years, paid-out option and retirement age 65.
The option to deposit the guaranteed monthly paychecks and yearly bonuses is provided at Tokio Marine Life Insurance Singapore Ltd.’s (TMLS) discretion and may be withdrawn at anytime. In which case, TMLS will inform you in writing with the alternative payment method.
7The prevailing interest rate is 3.75% p.a. which is non-guaranteed.
8 Applicable to annual premium payment mode only. It refers to 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.
9 Refer to Product Summary for details.
10Riders are subject to full underwriting.
All ages mentioned in this web page are based on age next birthday.
All mentions of guaranteed monthly paycheck and retirement age in this marketing material refer to “guaranteed monthly cash benefit” and “payout age” respectively in the Product Summary and the Policy Contract.
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 15 April 2014.

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.

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.