What is the iFlexSecure 2?
The iFlexSecure 2 is an insurance and savings plan offered by TokioMarine. The idea is to help you to save money for the future for whatever reasons whether it is for your kid’s tuition fees, a family vacation or a home makeover. This plan ensures that you have a lump sum payout when it matures and is an effective way to help you manage your finances for the future.
Who is eligible for the iFlexSecure 2?
This plan is catered to any individual from as young as 30 days to 65 years old. It must be noted that for a coverage term of 30 years, the maximum expiry age is 85 years old and 90 years old for 25 years coverage term.
What are the terms like and how much do I have to pay for the premium?
This depends on the basic sum assured and returns you would like to get back at the point of maturity. The minimum premium is RM2,340 for a 15-year term. There are 3 terms available which are:
- 6 premium payment term that gives you coverage for 25 years
- 10 premium payment term that gives you coverage for 25 years
- 15 premium payment term that gives you coverage for 30 years.
What is the highlight of the iFlexSecure 2?
The most attractive feature of this plan is that you get a guaranteed payout. It is an investment-linked plan which means that you will enjoy returns that the funds go to. Meanwhile, there is no medical checkup required to take up this plan which makes it extremely convenient and hassle-free. While you are able to save money with this plan, you will also be protected through the insurance coverage of this scheme.
What benefits come with this plan?
Besides the cash payout, you are also eligible to purchase an additional insurance policy with TokioMarine regardless of your health history and condition. This plan is designed to give you maximum returns through a short-term commitment model. You can decide on the term you want to enroll in which can be as short as 6 years for coverage of up to 30 years.
What insurance protection do I get from the iFlexSecure 2?
You will be covered through payment of the IFV or Investment Fund Value minus any outstanding amount where:
In event of death or TBD (Total and Permanent Disability), 100% of the basic sum assured or the Protection Fund Value will be paid. For the first to third year of the policy year, 118% of the basic sum assured will be paid while 100% of the basic sum assured will be paid from the fourth year onwards. Meanwhile, for accidental death or accidental TBD, 200% of the basic sum assured will be paid for Standard Life and 100% of the basic sum assured will be paid for Sub-standard Life for accidental death.