China Taiping i-CashLife Review

China Taiping i-CashLife is a whole-life limited-pay endowment savings plan that pays out yearly cash benefits from the end of the premium payment term till age 120. You can choose to receive these payouts and spend as your wish or reinvest them for greater gains in the future.

China Taiping i-CashLife also provides you with the option to designate a loved one as the secondary life insured, allowing them to carry on receiving the benefits of this policy in the event of your passing before reaching the age of 120.

China Taiping i-CashLife product details

• Life policy – Endowment and Saving policy
• Premium Payment Term
  • Choose to pay premiums over 5 or 10 years
• Yearly Cashbacks – after the end of chosen premium payment period
  • Receive yearly cashbacks of up to 3.95% p.a. of total yearly premiums till age 120
  • You can also reinvest the cash payouts at the prevailing rates for greater returns in the future 
• Guaranteed Loyalty Cashback
  • Receive an additional 1X of yearly cashback on the 20th policy year and every 10 years thereafter
• Secondary Life Insured
  • You can appoint your loved ones to be the secondary life insured (SLI) in the event you pass away before age 120
• Capital Guaranteed
  • 100% of your Total Yearly Premiums is guaranteed at the end of your chosen premium payment term
• Death Coverage
  • A lump sum benefit will be paid out in the event of your passing before age 120
  • If you have appointed an SLI, he/she can choose to receive this lump sum benefit and the term will terminate or
  • He/she can continue the policy until your supposed age of 120 while reaping the benefits of this plan
• Hassle-free Application
  • Guaranteed acceptance, no health checks needed

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-CashLife at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: Yes (yearly cash benefit)

Health and Insurance Coverage

Death: Yes
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 out the form below and allow a licensed financial adviser to provide advice tailored to your needs at no cost to you.

Read About: Effects of compounding returns

Read About: 4 Best Endowment Insurance Savings Plans in Singapore (2023 Edition)

China Taiping i-CashLife may be suitable if you are looking for

China Taiping i-CashLife may potentially be a good fit if the following matters to you:

• A hassle-free application without medical underwriting
• Partial liquidity or flexibility of withdrawal in your endowment policy.
• Long-term endowment and savings plan
• Short premium term of 5 or 10 years
• Passing on a legacy to your loved one(s)
• Lifetime regular cash payout
• To potentially generate higher financial returns compared to bank accounts
• Savings plan with insurance coverage against Death

China Taiping i-CashLife may not be suitable if you are looking for

China Taiping i-CashLife may potentially be a bad fit if the following matters to you:

• An endowment plan with a short policy/maturity term
• 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-CashLife

• How are China Taiping or China Taiping i-CashLife investment returns based on historical performance?
• How does China Taiping i-CashLife compare with Endowment policies from other insurance companies?
• Can China Taiping i-CashLife fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features of China Taiping i-CashLife. Talk to us or seek advice from a financial adviser before making any decision about China Taiping i-CashLife.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.

Read About: 3 things to consider before taking up a new financial product

Is China Taiping i-CashLife suitable for me?

Contact InterestGuru using the form below. Our panel of licensed financial planners will advise accordingly, based on your financial profile and protection needs.

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Before you go...

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