China Taiping i-Save Review
The complete Pros and Cons on China Taiping i-Save
China Taiping i-Save is a short-term 3-year savings plan that guarantees 1.5% per annum. Choose to save a single premium of S$50,000 up to $1 million.
China Taiping i-Save product details
- Life policy – Endowment and Saving policy
- Single Premium Term
- Choose to save a single premium of S$50,000 to S$1 million
- Short-term Savings Plan
- Receive the maturity benefit 3 years later with 1.5% per annum guaranteed
- Insurance Coverage
- Be covered against death of 105% of the single premium after the 12 month or 100% of the single premium if death occurs in the first year
- 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-Save at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
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 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-Save may be suitable if you are looking for
China Taiping i-Save may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- Short term endowment and savings plan
- A one-time premium commitment with no further cash commitment
- To potentially generate higher financial returns compared to bank accounts
- Savings plan with insurance coverage against Death
China Taiping i-Save may not be suitable if you are looking for
China Taiping i-Save 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
- Lifetime regular cash payout
- 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-Save
- How are China Taiping or China Taiping i-Save investment returns based on historical performance?
- How does China Taiping i-Save compare with Endowment policies from other insurance companies?
- Can China Taiping i-Save 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-Save. Talk to us or seek advice from a financial adviser before making any decision about China Taiping i-Save.
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-Save suitable for me?
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