Description of the Fund TMLS Multi-Asset 70 Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio

TMLS MULTI-ASSET 70 FUND SUMMARY (SUPPLEMENT TO PRODUCT SUMMARY) This supplement forms part of the product summary. You should read this together with the relevant Product Summary. Description of the Fund TMLS Multi-Asset 70 Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio Marine Life Insurance Singapore Ltd.. Fund Structure The Fund is a feeder ILP Sub-Fund which invests substantially into the Schroder Multi-Asset Revolution 70 (the Underlying Fund ) managed by Schroder Investment Management (Singapore) Limited (the Underlying Fund Manager ). The country of domicile of the Underlying Fund is Singapore. The Fund is not classified as an Excluded Investment Product. Investment Objectives The investment objective of the Underlying Fund is to achieve medium to long term capital growth through investment in investment funds investing in equities, bonds and other fixed income securities in global markets, as well as investment directly in those types of assets. The Underlying Fund may also gain exposure to alternative asset classes including but not limited to real estate and commodities related securities for additional diversification. Fund Details Launch Date 1 August 2016 Inception Date 5 September 2016 ILP Sub-Fund Manager Underlying Fund Manager Fund Currency Subscription Risk Classification Tokio Marine Life Insurance Singapore Ltd. Schroder Investment Management (Singapore) Limited SGD Bid/Offer Spread 5.0% Cash / SRS / CPFIS-SA / CPFIS-OA Medium to High Risk Broadly Diversified Fund Size S$1.65 mil (as at 30 September 2018) Fund Management Fee Valuation Frequency Benchmark 1.50% p.a. Daily 70% MSCI World Index + 30% FTSE World Government Bond Index* (100% hedged in SGD) * Prior to 31 July 2018, FTSE World Government Bond Index was known as Citi World Government Bond Index. Page 1 of 6

Fund Performance vs Benchmark (%) (as at 30 September 2018) Period 1 Year Since Inception # Since Inception TMLS Multi-Asset 70 Fund 6.40 15.12 7.05 Benchmark 8.42 21.08 9.73 # Annualised returns The returns are calculated using bid-to-bid prices, in SGD terms, with all dividends and distribution reinvested. Fees and charges payable through deduction of premium or cancellation of units are excluded from this calculation. Investments are subject to investment risks including the possible loss of the principal amount invested. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to the units, if any, may fall or rise. Past performance is not indicative of future performance of the Underlying Fund or the Fund. Source: Schroder Investment Management (Singapore) Limited Information on the Underlying Fund Manager The Underlying Fund Manager is Schroder Investment Management (Singapore) Limited. The Underlying Fund Manager is incorporated in Singapore and has been managing collective investment schemes and discretionary funds since 1992. The Underlying Fund Manager is part of the Schroder group ( Schroders ). Schroders has been managing collective investment schemes and discretionary funds in Singapore since the 1970s. Schroders is a leading global asset management company, whose history dates back over 200 years. The group s holding company, Schroders Plc is and has been listed on the London Stock Exchange since 1959. Schroders aims to apply its specialist asset management skills in serving the needs of their clients worldwide, through its large network of offices, 259 fund managers and 258 researchers covering the world s investment markets (data as at 31 March 2018). Investors should note that the past performance of the managers is not necessarily indicative of the future performance of the managers. Investment Focus and Approach The objective of the Fund is achieved through investments in the Underlying Fund. The investment objective of the Underlying Fund is to achieve medium to long term capital growth through investment in investment funds investing in equities, bonds and other fixed income securities in global markets, as well as investment directly in those types of assets. The Underlying Fund may also gain exposure to alternative asset classes including but not limited to real estate and commodities related securities for additional diversification. The Underlying Fund Manager recognises that over time, traditional global equities and global bonds may behave in a similar fashion and therefore may not always provide investors with a diversified portfolio outcome. By considering a broad range of asset classes and investment strategies, the Underlying Fund Manager attempts to increase the probability of achieving the investment objective in a consistent manner, over the long term. The allocation to equities and bonds in the Underlying Fund is in the proportion of approximately 70:30. Different asset classes usually react to news in various ways so different assets may not move in the same direction under the same market conditions. In this regard, the Underlying Fund Page 2 of 6

Manager will take a dynamic approach to asset allocation, where the asset mix will change through time in favour of asset classes that are attractive to add value and manage downside risk over different market conditions. It is the Underlying Fund Manager s present intention to invest the assets of the Underlying Fund into various sub-funds of the Schroder International Selection Fund and other collective investment schemes and exchange traded funds (collectively known as Underlying Sub-Funds ). The Underlying Fund Manager may from time to time at their sole discretion vary the percentage of assets of the Underlying Fund which may be invested into the Underlying Sub-Funds and may, subject to such regulatory approvals as may be required, vary the jurisdictions and types of Underlying Sub-Funds into which the Underlying Fund may invest, in accordance with the investment objective and policy of the Underlying Fund. The investment managers of the Underlying Sub-Funds are domiciled in various countries, including the United Kingdom, the United States, Japan and Singapore. Investors should note that the Underlying Fund may invest in the SPDR Gold Trust and such other fund(s) investing directly in commodities but unless otherwise permitted by the MAS, investment in such funds in aggregate shall be limited to 10% of the deposited property of the Underlying Fund. The Underlying Fund may invest in financial derivative instruments for purposes other than hedging and/or efficient portfolio management in accordance with the Schroder International Selection Funds Luxembourg Prospectus and applicable laws in Luxembourg. Soft Dollar Commissions or Arrangements In the management of the Schroder Multi-Asset Revolution Funds which includes the Underlying Fund, the Underlying Fund Manager may accept soft dollar commissions from, or enter into soft dollar arrangements with, stockbrokers who execute trades on behalf of the Schroder Multi-Asset Revolution Funds and the soft dollars received are restricted to the following kinds of services: (a) research, analysis or price information, including computer or other information facilities; (b) performance measurement; (c) portfolio valuations; and (d) administration services. The Underlying Fund Manager may not receive or enter into soft dollar commissions or arrangements unless such soft dollar commissions or arrangements shall reasonably assist in their management of the Schroder Multi-Asset Revolution Funds and best execution is carried out for the transactions. The Underlying Fund Manager shall not enter into unnecessary trades in order to qualify for such soft dollar commissions or arrangements and shall not receive goods and services such as travel, accommodation and entertainment. The description of soft dollars and the conditions set out above also apply to the investment managers of the Underlying Sub-Funds. Risks 1. General Risks Associated with an Investment in the Underlying Fund Investments into the Underlying Fund will be subject to different degrees of economic, political, foreign exchange, interest rate, liquidity, repatriation, default and regulatory risks. Investors should be aware that the price of units and the income from them may go down as well as up. The performance of the Underlying Fund may be affected by changes in the market value of securities comprised in the portfolio which are subject to changes in interest rates, economic and political conditions and the earnings growth of corporations whose securities are comprised in the portfolio and is also subject to liquidity and repatriation risks. Page 3 of 6

While the Underlying Fund Manager believes that the Underlying Fund offers potential for capital appreciation, no assurance can be given that this objective will be achieved. Past performance of the Underlying Fund is not necessarily a guide to the future performance of the Underlying Fund. You may not get back your original investment and you may lose some or all of your investment. There is no secondary market for the Underlying Fund. Investments in the Underlying Fund are meant to produce returns over the long-term and are not suitable for short-term speculation. Investors should not expect to obtain short-term gains from such investment. 2. Fund Specific Risk 2.1 Interest Rate Risk Investments in bonds, debentures, loan stocks, convertibles and other debt instruments may decline in value if interest rates change. In general, the price or value of existing debt instruments rises when interest rates fall, and falls when interest rates rise. Interest rate risk is generally greater for investments with long durations or maturities. 2.2 Emerging Markets and Frontier Risk Emerging markets, and especially frontier markets, generally carry greater political, legal, counterparty and operational risk. The Underlying Fund that invests in emerging and less developed market securities such as Asian bonds and equities may be subject to significant risks not typically associated with investing in securities listed on the major securities markets in developed countries, including but not limited to (a) restrictions on foreign investment and on repatriation of capital invested in emerging markets, (b) currency fluctuations, (c) the cost of converting foreign currency into Singapore dollars, (d) potential price volatility and reduced liquidity of securities traded in emerging markets, (e) political, political uncertainty, economic, market, settlement, legal, regulatory, social, instability, operational, execution and counterparty risks, including the risk of nationalisation or expropriation of assets and more substantial government involvement in the economy, (f) risk arising from inadequate settlement and custody systems in certain countries and (g) risk arising from less defined tax laws and procedures. As a result, prices of securities traded in the securities markets of emerging or developing countries tend to be volatile. 2.3 Equity Risk The Underlying Fund or the Underlying Sub-Funds may invest in stocks and other equity securities and their derivatives which are subject to market risks that historically have resulted in greater price volatility than that experienced by bonds and other fixed income securities. The Underlying Fund may also invest in convertible instruments which may be converted into equity. A convertible instrument tends to yield a fairly stable return before conversion but its price usually has a greater volatility than that of the underlying equity. 2.4 Derivatives Risk The use of futures, options, warrants, forwards, swaps or swap options involves increased risks. The Underlying Fund s ability to use such instruments successfully depends on the Underlying Fund Manager s ability to accurately predict movements in stock prices, interest rates, currency exchange rates or other economic factors and the availability of liquid markets. If the Underlying Fund Manager s predictions are wrong, or if the derivatives do not work as anticipated, the Underlying Fund could suffer greater losses than if the Underlying Fund had not used the derivatives. If the Underlying Fund invests in over-the-counter derivatives, there is an increased risk that a counterparty may fail to honour its contract. Derivatives transactions will not be used for speculation or leverage. In the event that such instruments are used, the Page 4 of 6

Underlying Fund Manager will ensure that the risk management and compliance procedures and controls adopted are adequate and have been or will be implemented and that they have the requisite expertise, experience and quantitative tools to manage and contain such investment risks. Investments in derivatives would normally be monitored and controlled by the Underlying Fund Manager with regular mark-to-market valuations, careful research prior to investment and compliance monitoring to ensure careful compliance with the investment restrictions set out in the deed with regard to derivatives. Conflicts of Interest The Underlying Fund Manager may from time to time have to deal with competing or conflicting interests between the other funds which are managed by the Underlying Fund Manager. For example, the Underlying Fund Manager may make a purchase or sale decision on behalf of some or all of the other funds without making the same decision on behalf of the Underlying Fund, as a decision whether or not to make the same investment or sale for the Underlying Fund depends on factors such as the cash availability and portfolio balance of the Underlying Fund. However the Underlying Fund Manager will use reasonable endeavours at all times to act fairly and in the interests of the Underlying Fund. In particular, after taking into account the availability of cash and relevant investment guidelines of the other funds and the Underlying Fund, the Underlying Fund Manager will endeavour to ensure that securities bought and sold will be allocated proportionately as far as possible among the other funds and the Underlying Fund. The factors which the Underlying Fund Manager will take into account when determining if there are any conflicts of interest as described above include the assets (including cash) of the Underlying Fund as well as the assets of the other funds managed by the Underlying Fund Manager. To the extent that another fund managed by the Underlying Fund Manager intends to purchase substantially similar assets, the Underlying Fund Manager will ensure that the assets are allocated fairly and proportionately and that the interests of all investors are treated equally between the Underlying Fund and the other funds. Associates of the trustee may be engaged to offer financial, banking and brokerage services to the Underlying Fund or buy, hold and deal in any investments, enter into contracts or other arrangements with the trustee and make profits from these activities. Such services, where provided, and such activities, where entered into, will be on an arm s length basis. Other Material Information Dilution and Dilution Adjustment of Underlying Fund The Underlying Fund may suffer a reduction in value as a result of the transaction costs incurred in the purchase and sale of its underlying investments and the spread between the buying and selling prices of such investments caused by subscriptions, realisations and/or switching in and out of the Underlying Fund. This is known as dilution. In order to counter this and to protect the Underlying Fund s unitholders interests, the Underlying Fund Manager will apply dilution adjustment as part of their daily valuation policy for the Underlying Fund. This will mean that in certain circumstances the Underlying Fund Manager (if in their opinion in good faith it is in the interest of the Underlying Fund s unitholders to do so) will make adjustments in the calculations of the Net Asset Value ( NAV ) per unit, to counter the impact of dealing and other costs on occasions when these are deemed to be significant. In the usual course of business, the application of a dilution adjustment by the Underlying Fund Manager will be triggered mechanically and on a consistent basis. Page 5 of 6

Central Provident Fund ( CPF ) Investment Scheme The Fund is included under the CPF Investment Scheme Ordinary Account ( CPFIS-OA ) and CPF Investment Scheme Special Account ( CPFIS-SA ) and is classified by the CPF Board under the CPFIS risk classification of Medium to High Risk Broadly Diversified. Expense Ratio The expense ratio of the Fund, including the Underlying Fund expense ratio as at 31 December 2017 is 1.54% 1. Expense ratio does not include (where applicable) charges for insurance coverage, brokerage and other transaction costs, performance fees, foreign exchange gains or losses, front or back end loads arising from the purchase or sale of collective investment schemes and tax deducted at source or arising out of income received. The expense ratio is calculated in accordance with the Investment Management Association of Singapore s guidelines. Turnover Ratio The turnover ratio of the Fund and the Underlying Fund as at 31 December 2017 are 33.46% 1 and 64.54% 1 respectively. The turnover ratio means the number of times per year that a dollar of assets is reinvested. It is calculated based on the lesser of purchases or sales for the 12 months preceding the reporting date expressed as percentage of the daily average Net Asset Value. 1 Source: TMLS Annual Investment-Linked Funds Report (Jan Dec 2017) For more information on the Underlying Fund, please refer to the Underlying Fund s prospectus. Disclaimer: This document should not be construed as an offer, or solicitation to deal in any funds. The information shown is strictly for reference only and is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract. The content of this document is compiled by TMLS based on the information from respective sources, no liability for any error or omission is accepted by TMLS, or any of its Underlying Fund Managers and their affiliates. An investment in the Fund is not a direct investment in the Underlying Fund. Accordingly, policyholders will have no direct interest in the Underlying Fund nor have any contractual relationship with or direct rights of recourse to the Underlying Fund Manager and its affiliates. Past performance is not indicative of future performance. Investments are subject to investment risks including the possible loss of the principal amount invested. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fund returns. Potential investors should read the product summary or seek relevant professional advice before making any investment decision. Page 6 of 6