Last Updated on July 9, 2026 by Tree of Wealth

Tokio Marine TM Term Assure (II) In-Depth Review

Tokio Marine’s TM Term Assure (II) is a value-for-money term insurance plan that consistently ranks among the most competitively priced in the market — particularly for those wanting high coverage on a limited budget. But what really sets it apart is its flexibility for families and business owners: the ability to insure your child through a dedicated rider, a unique partial-disability benefit found nowhere else in Singapore, and options to protect business partners and key staff.

Backed by Tokio Marine, part of a group with over 140 years of history and a presence in more than 45 countries, TM Term Assure (II) combines affordability with genuine depth of options. In this in-depth review, we break down what it offers, who it suits, and where it falls short.

For a broader comparison against other insurers, see our guide to the Best Term Insurance Plans in Singapore.

Why Do We Need Term Insurance?

Term life insurance plans are designed to provide financial protection for a specified period of time — typically 5 to 30 years, or up to a certain age such as 85. Here’s why you might need one:

1. To protect your family’s financial future. If you have dependents who rely on your income, a term plan provides a lump-sum payout in the event of death or terminal illness, helping cover immediate expenses, outstanding debts, and ongoing living costs.
2. To cover outstanding debts. If you carry a mortgage, car loan, or other liabilities, a term plan ensures those debts don’t become your family’s burden.
3. To protect a business. Term insurance is commonly used to insure key persons or business partners, cushioning the financial impact of losing someone critical to the business.
4. To lock in affordable premiums. Term insurance offers the highest coverage per premium dollar, making it a cost-effective way to secure substantial protection.

Product Features and Benefits at a Glance

• Base coverage for Death, Total and Permanent Disability, and Terminal Illness.
• TPD protection until age 85 or the end of the policy term, whichever is earlier.
• Flexible coverage terms — 5- or 10-year renewable and convertible terms, or level and convertible terms from 11 years up to age 85.
• Multi-currency coverage — choose SGD, USD, GBP, or AUD.
• Guaranteed Insurability — increase your coverage at key life milestones (marriage, parenthood, graduation, first property purchase) without further health checks.
• Conversion Privilege — convert to a regular premium whole life or endowment plan without further health checks.
• A unique rider suite — including child coverage and a one-of-a-kind partial-disability benefit (detailed below).

Competitive Pricing for High Coverage

TM Term Assure (II) has long been recognised as one of the most affordable term plans in Singapore for high coverage amounts. For those who have just entered the workforce, are on a limited budget, or simply want maximum protection per premium dollar, it’s a strong value proposition — often cited as one of the cheapest options in the non-direct (advised) channel for substantial coverage.

Combined with the ability to later convert to a cash-value plan once your finances are more established, it offers a practical entry point into life protection without locking you into a rigid structure.

Unique Family and Disability Features

This is where TM Term Assure (II) genuinely differentiates itself from other term plans:

• KidAssure GIO Rider — a guaranteed-issuance rider that insures your child against death, child-related illnesses, and provides a hospitalisation benefit. Its standout feature: when your child reaches age 19, 80% of the premiums paid are refunded to you, regardless of any prior claims on the illness or hospitalisation benefits. For parents wanting affordable, flexible coverage for their child, this is a compelling option.
• Protect 1 Lite Rider — a partial-disability benefit that is the only one of its kind in the Singapore market. It pays out monthly benefits for up to 6 years upon the loss of ability to perform just one of the six Activities of Daily Living (ADLs), with payouts beginning 90 days after certification. This fills a gap that most disability coverage — which typically requires more severe, total disability — leaves open.

Business Protection

Beyond individuals and families, TM Term Assure (II) is well-suited to business protection. Through a Third-Party Policy, business owners can insure key persons or business partners, cushioning the financial impact should the business suddenly lose someone critical to its operations. This flexibility makes it a versatile plan across personal, family, and commercial needs.

Additional Supplementary Benefits (Riders) to Enhance Your Coverage

TM Term Assure (II)’s base plan covers Death, TPD, and Terminal Illness. You can enhance it with a range of riders, including:

• Critical Illness (CI) Accelerator Rider — accelerates the death benefit upon diagnosis of a covered advanced-stage critical illness.
• Early Critical Illness (ECI) Accelerator Rider — covers critical illnesses at early, intermediate, and advanced stages, plus juvenile and special conditions. Notably, its maximum payout for early and intermediate stages is among the highest in the market.
• Protect 1 Lite Rider — the unique partial-disability benefit described above.
• KidAssure GIO Rider — child coverage with the 80% premium refund feature.
• Payer / Waiver of Premium Riders — waive future premiums in the event of the payer’s death, TPD, or diagnosis of a covered critical illness.

What We Like About Tokio Marine TM Term Assure (II)

• Very competitive premiums for high coverage — ideal for those on a budget or just starting out.
• The Protect 1 Lite Rider — a unique partial-disability benefit not found on any other plan in Singapore.
• The KidAssure GIO Rider — child coverage with an 80% premium refund at age 19.
• Business protection via the Third-Party Policy option.
• Multi-currency flexibility and conversion to a cash-value plan later on.
• Backed by a global insurer with over 140 years of history.

Tokio Marine TM Term Assure (II) is suitable for you if you would like:

• Competitively priced term coverage for Death, TPD, and Terminal Illness, especially at higher sums assured.
• A plan that can also cover your child affordably, with a partial premium refund at age 19.
• Unique partial-disability protection through the Protect 1 Lite rider.
• The flexibility to protect a business, convert to a cash-value plan later, or grow your coverage at life milestones.

It would however be less suitable if:

• You want coverage extending well beyond age 85.
• You are looking for a plan with guaranteed cash value or an investment component (term insurance has none, though this plan can be converted to one).

Conclusion For Tokio Marine TM Term Assure (II) In-Depth Review

As with all term life insurance plans, whether TM Term Assure (II) is right for you depends on your needs and expectations. Its combination of competitive pricing and genuinely unique features — the Protect 1 Lite partial-disability rider and the KidAssure child rider in particular — makes it stand out, especially for young families and budget-conscious buyers who don’t want to compromise on flexibility. There are many capable term plans in the Singapore market — see how it stacks up in our Best Term Insurance Plans in Singapore comparison.

Overall, a term life insurance plan remains one of the most cost-effective ways to protect your loved ones and secure their financial future.

To find the most suitable coverage, simply fill in the form below and our friendly licensed FA advisor will get in touch. Based on your needs, a custom-made solution will be tailored to address only your concerns. No obligations, no hidden fees. All advice is free of charge.