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TM TermAssure II

A regular-premium term insurance plan that protects your loved ones against life’s uncertainties.

TM TermAssure II tabbed content

  • Lump Sum Pay Out
  • Guaranteed Insurability without any health checks
  • Guaranteed Conversion Privilege1
  • Guaranteed Renewal Privilege2
  • Enhanced Disability Protection

Important Notes

1Guaranteed conversion privilege must be exercised before age 60. Other terms and conditions apply.

2Guaranteed renewal privilege is available for policy terms of 5 or 10 years and the last renewal age is 80 and 75 years old respectively. Premiums at each renewal are non-guaranteed and are based on the life assured's attained age. Other terms and conditions apply

 The terms and conditions above are not exhaustive. Please refer to the Product Summary for more details

Disclaimer

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.

This document is published for information and general circulation only and does not take into account the specific investment objectives, financial situation and particular needs of any specific person. Investors may wish to seek advice from a financial adviser before making a commitment to purchase the insurance product. In the event that an investor chooses not to seek advice from a financial adviser, the investor should consider whether the insurance product in question is suitable for him.

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. SBI shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.

Information is correct as of 15 July 2020

 
Based on Age-Next- Birthday 'ANB' basis Minimum Maximum

Policy Term

Entry Age

5 years, 10 years,

11 years to policy term up to age 85

1-70

 

Note: Entry Age + Rider Term ≤ 85

New born must be at least 1 month old at application.

For entry age 1 – 18, CI Rider and/or EC Rider are compulsory. If CI Rider and/or EC Rider are postponed/ declined, policy will be declined.

Please speak to our Relationship Manager for more information on the premiums charged.

  • Application Form
  • Cover Page, Policy Illustration, Product Summary & Bundled Product Disclosure Document (if applicable)
  • Personal Financial Review
  • Copy of customer’s IC

The above documents are required for the purchase of insurance policy

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