Deferment of Insurance Premiums

Published 03 Apr 2020

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By Fi Life Team

Deferment of Insurance Premiums


Following the recent government announcements on insurance premium deferment for Malaysians, Tokio Marine Life Insurance Malaysia Bhd (TMLIM) has come up with deferment guidelines for Fi Life policy holders.

If you do not need to defer your premiums, or if you have paid your premiums upfront (e.g. annually or six-monthly), then you do not need to do anything. Indeed, since Fi Life premiums are paid by auto-debit of your credit card or debit card, our recommendation is not to disturb these payment arrangements unless you really have to.

However, if you really need the funds and want to request a deferment of your premiums, here are the key points:

  • You can request for your premiums to be deferred for a maximum of 3 months
  • The deferment is NOT automatic, you must show that either you are infected by the Covid-19 virus, undergoing mandatory quarantine, or suffered a loss of income.
  • If your request is approved, your policy will continue to be in force during this 3 month deferment period
  • After the deferment period, in addition to the premiums that are normally due at that time, you must repay the premiums you deferred on a monthly basis for 3 consecutive months.
  • Please note that, after the deferment period, if you do not resume your regular premiums plus repay any due deferred premiums, your policy will lapse. Deferments of premiums are NOT waivers.


A policyholder, with a regular monthly premium obligation of RM100, applies for and receives approval from TMLIM to defer her premiums for 3 months from 1 May, 2020 onwards. Her new payment schedule is as follows (in bold):

For the full terms and conditions, FAQs and how to apply, please visit TMLIM’s Deferment of Premium Payment page.

Please do not hesitate to contact us if you have any questions.

Stay safe,
The Fi Life team.