Tokio Marine is a Japanese insurer that sells life, savings, investment-linked and critical illness cover in Singapore through financial advisers and a small direct range. The Singapore life arm joined the Tokio Marine group in 2007, and the parent, Tokio Marine Holdings (Tokyo Stock Exchange: 8766), traces back to 1879 and had a market capitalisation of about JPY 14.1 trillion at its financial year-end on 31 March 2026. That backing matters when you are buying a 30 or 40 year promise. This guide walks through what Tokio Marine actually offers, with the premium examples it publishes for its flagship term plan, the savings and investment options, the critical illness range, and what to compare before you buy. Insurance is rarely about one best company; it is about matching the right plan to your need at the lowest honest cost.
Tokio Marine Life Insurance Singapore is the local life entity of one of the world's larger insurance groups. The group operates in more than 50 countries with over 50,000 staff, and the Singapore business has sold life and health cover here since joining the group in 2007. For a contract you may hold for forty years, the financial strength behind the name is part of what you are paying for, alongside the policy terms themselves.
Tokio Marine is a tied-and-adviser insurer, not a direct-first one. Most of its plans are sold through financial advisers and bank partners. There is a small DIRECT range, led by DIRECT-TM Basic Term, that you buy yourself under the Compare First framework, which is worth knowing if you would rather buy without advice.
A practical point first: Tokio Marine's DIRECT-TM Basic Term page, correct as at 1 February 2019, caps total and permanent disability payouts at S$4.5 million per life across all your Tokio Marine Life policies combined, and terminal illness payouts at the same figure. For most households that is far above what they need, but high-net-worth buyers stacking several large policies should factor it in early.
Tokio Marine splits its personal range into protection, savings and investment buckets. Knowing which bucket a plan sits in tells you most of what you need before you read a single brochure: protection plans buy cover, savings plans build a cash pot, and investment-linked plans put your money in funds with insurance wrapped around it. If you are still deciding between pure protection and a plan with cash value, our explainer on term versus whole life is the better starting point than any single product page.
Here is how the main personal plans line up as of October 2026. Plan names and availability change, so always confirm against the insurer's current product page or a benefit illustration before buying.
| Plan | Type | What it does | Typical buyer |
|---|---|---|---|
| TM Term Assure (II) | Term life | Death, TPD and terminal illness cover for a fixed term | Income and mortgage protection |
| DIRECT-TM Basic Term | Term life (bought direct) | Stripped-down term cover sold direct | Cost-focused, no-advice buyers |
| TM Nest Egg (II) / FlexiSaver | Endowment savings | Goal-based savings for education or milestones | Parents saving for a child |
| TM Atlas Wealth / Wealth Flexi-Link | Investment-linked (ILP) | Funds plus insurance, returns not guaranteed | Investors wanting a wrapper |
| TM EarlyCover / TM MultiCare | Critical illness | Multi-stage and multi-claim CI payouts | Anyone wanting standalone CI |
TM Term Assure (II) is the plan most people mean when they talk about Tokio Marine life cover. It is a regular-premium term plan paying a lump sum on death, total and permanent disability (TPD) until age 85 or end of term, and terminal illness. Issue age runs from 1 to 70, and you can take cover for 5 or 10 years or to a chosen age up to 85. Policies can be denominated in SGD, USD, GBP or AUD.
Tokio Marine's brochure for the plan, correct as at 15 July 2019 and still the one linked from its product page, quotes as little as S$2.20 a day for a 35-year-old male non-smoker with S$500,000 of cover over a 40-year term. A business owner can also take a third-party policy: the same brochure shows a 45-year-old key person covered for S$2 million over 5 years at S$119.55 a month.
Two features stand out for younger buyers. The conversion privilege lets you switch to a whole life or endowment plan before age 60 without fresh health checks, useful if your needs change. The Guaranteed Insurability option lets you raise the sum assured without health checks at marriage or divorce, parenthood, graduation from tertiary education or a property purchase. You can bolt on early and standard critical illness accelerators, a disability income rider (Protect 1 Lite), child cover (KidAssure GIO) and premium waivers.
Term premiums scale with age, sum assured, term length and smoker status, so any single figure is only a reference point. The honest way to size your cover is to work out the income, debt and dependants you would leave behind, then shop the same sum assured across insurers. Our mortgage calculator helps you pin down the home loan portion that cover needs to clear.
Beyond pure protection, Tokio Marine sells plans that mix cover with money-building. Whole life cover lasts for life and builds a surrender value, so the premium runs far higher than term for the same death benefit, because part of every dollar funds the cash value rather than the cover. The one whole life plan on Tokio Marine's current life insurance page, #goAssure, is investment-linked, so its value moves with the funds it invests in.
For goal-based saving, TM Nest Egg (II), marketed as FlexiSaver, is an endowment aimed at parents putting money aside for a child's education or a fixed milestone. Endowments give you a disciplined, low-volatility savings pot with some insurance, but the returns are modest and the early surrender values are poor, so they only make sense if you can hold to maturity. Before locking money into any endowment, compare the projected yield against what a simple, liquid mix could do; see how returns build in our compounding explainer.
TM Atlas Wealth and the Wealth Flexi-Link series are investment-linked plans (ILPs). Your premiums buy units in sub-funds, the value rises and falls with markets, and insurance charges are deducted along the way. ILPs can work for a long-horizon investor who values the wrapper, but the layered fees are the catch. To compare an ILP with buying term cover and investing separately, put the total fees, the surrender values in the early years and the guaranteed against non-guaranteed figures side by side; our ILP versus buy-term-and-invest comparison sets out both.
Tokio Marine runs a dedicated critical illness range rather than only selling CI as a rider. TM EarlyCover pays out across early, intermediate and advanced stages of a covered illness, so you get money earlier in a diagnosis when treatment costs hit hardest. TM MultiCare is built for multiple claims, letting you claim again for a recurrence or a second unrelated condition, which matters because surviving one major illness no longer means the risk is behind you.
Standalone CI is worth considering when your accelerated rider on a life plan would erode the death benefit you still need, or when you want CI cover that outlasts a term policy. The trade-off is cost: a dedicated multi-claim CI plan is meaningfully pricier than a single-claim accelerator. Match the structure to the gap rather than buying the most generous-sounding plan by default.
On term life, TM Term Assure (II) adds conversion, renewal and guaranteed-insurability features to the basic cover. Price is easiest to judge by quoting two or three other insurers on the same sum assured, term and smoker status.
The terms below differ between plans, so put them side by side on each quote before you sign.
Decide the job before the brand. If you only need income and mortgage protection for a fixed window, a term plan covers that window without building a cash value. DIRECT-TM Basic Term can be bought without advice, but its TPD cover ends at age 65, against 85 on TM Term Assure (II), a TPD payout reduces its death cover, and its optional critical illness rider also stops at 65. If you genuinely want lifelong cover or a savings element, get a full benefit illustration and read the guaranteed versus non-guaranteed columns, since the headline projected return leans on bonuses that are not promised.
Then shop the same sum assured across at least two other insurers, and ask any adviser to show you the direct equivalent so you can see it side by side. Use the 14-day free-look window on every policy: if the contract does not match what you were told, you can cancel and get your premium back, less any medical or fund costs. For the bigger picture on protecting your income alongside your CPF schemes, our insurance pillar guide ties the pieces together.
Tokio Marine's Singapore life arm joined the global group in 2007, and the parent dates to 1879. Whether a plan is good value depends on the plan, so compare the same sum assured, term and riders with two other insurers before buying.
Tokio Marine's TM Term Assure (II) brochure, correct as at 15 July 2019, quotes as little as S$2.20 a day for a 35-year-old male non-smoker with S$500,000 of cover over a 40-year term. Premiums vary with age, sum assured, term length and smoker status, so always get a personal quote rather than relying on a single example.
TM Term Assure (II) is pure term cover: it protects you for a fixed period with no cash value and a low premium. Whole life cover lasts for life and builds a surrender value, so it costs far more for the same death benefit. The one whole life plan on Tokio Marine's current life insurance page, #goAssure, is investment-linked.
Yes, for some plans. Tokio Marine offers DIRECT-TM Basic Term under Singapore's Compare First framework, which you buy yourself, without advice. Most other Tokio Marine plans, including whole life and investment-linked policies, are distributed through financial advisers and bank partners.
This is general financial information for Singapore, not personal financial advice. Figures change, so verify current rates against the official sources above before acting. See our full disclaimer.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).