Insurance

Pay lesser than iPhone 7+ for $1 Million Protection Coverage!

Getting proper coverage just gotten a lot easier! With Manulife’s new premium revision for the New Year. Getting coverage you need without bursting your pocket just got even better. On top of the additional 30% commission rebate for FSMOne Insurance, your deal just gets better!

  • iFAST Insurance Team
  • |
  • Published on 06 Jan 2017

FSMOne makes buying insurance much more affordable for everyone. To help you compare the difference in annual premiums based on different age groups, we have done up the comparison table below to give you a better idea on how much more affordable term insurance can be for you and your loved one. It is not as expensive as many perceived them to be if you buy the right plan.

Example of a Male, Non-smoker:

  • Policy coverage till 65 years old for NTUC and Manulife, 70 years old for TokioMarine
  • SGD $1 million Death and Total Permanent Disability (TPD) Coverage.

*#Annual premiums in SGD $

NTUC Income
Manulife
Tokio Marine
Age
Annual Premium
Old Annual Premium
New Annual Premium
Annual Premium
30
$1,671.85
$1,202
$1,044
$1,411
40
$2,419.50
$2,016
$1,960
$3,257
50
$3,157.95
$3,701
$3,257
$4,097

Example for Female, Non-Smoker:

*#Annual premiums in SGD $

NTUC Income
Manulife
Tokio Marine
Age
Annual Premium
Old Annual Premium
New Annual Premium
Annual Premium
30
$1,235.70
$948
$843
$997
40
$1,661.45
$1,410
$1,380
$1,631
50
$2,353.75
$2,276
$2,246
$2,598

*Premiums reflected on the table are tabulated on 4th January 2017.

#This is a simple illustration that does not take into account client risk profiles, financial objectives and other types of commitment.

From the illustrations, you can deduced that age matters a lot on the amount of premiums that you will have to pay. The younger and the healthier you are, the cheaper the premiums will be.

Our team of friendly advisers are able to help you review your financial objectives, long term commitments, and customize investment and insurance advice specific to your needs. If you would like assistance in reviewing your financial and protection portfolio, or simply to get a quote for an insurance plan, you can contact our advisers at advisory@fundsupermart.com.


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