China Taiping i-Cash III Review
The complete Pros and Cons on China Taiping i-Cash III
China Taiping i-Cash III is a savings plan that pays you yearly cash up till age 85 followed by a lump-sum maturity benefit with a 5 or 10 year premium payment term.
China Taiping i-Cash III product details
- Life policy – Endowment and Saving policy
- Yearly Payouts; receive up to 8.2% of the Sum Assured per year
- Guaranteed – 1% of Sum Assured
- Non-Guaranteed – up to 7.2% of Sum Assured
- Choose to spend the payouts as you wish or accumulate them for higher returns
- Short Premium Term
- Choose to pay premiums for 5 or 10 years for a policy term until age 85
- Maturity Benefit
- Capital is guaranteed and receive a lump-sum payout upon policy maturity at age 85
- Hassle-free Application
- Enjoy a hassle-free application with no health checks required
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of China Taiping i-Cash III at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
NIL
Additional Features and Benefits
NIL
For further information and details, refer to China Taiping website. Alternatively, fill up the form below and let us advise accordingly.
Read About: Effects of compounding returns
Read About: 4 Best Endowment Insurance Savings Plans in Singapore (2023 Editition)
China Taiping i-Cash III may be suitable if you are looking for
China Taiping i-Cash III may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- Long term endowment and savings plan
- Saving regularly over a short premium term of 5 or 10 years
- Regular cash payout till age 85
- To potentially generate higher financial returns compared to bank accounts
- Savings plan with insurance coverage against Death and Terminal Illness
China Taiping i-Cash III may not be suitable if you are looking for
China Taiping i-Cash III may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total and Permanent Disability
- A one-time premium commitment with no further cash commitment
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
Further considerations on China Taiping i-Cash III
- How are China Taiping or China Taiping i-Cash III investment returns based on historical performance?
- How does China Taiping i-Cash III compare with Endowment policies from other insurance companies?
- Can China Taiping i-Cash III fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on China Taiping i-Cash III. Talk to us or seek advice from a financial adviser before making any decision about China Taiping i-Cash III.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Read About: 3 things to consider before taking up a new financial product
Is China Taiping i-Cash III suitable for me?
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