Established in Singapore in 1938, China Taiping Insurance Singapore is a leading insurer for both life and general insurance businesses. With a globally recognized financial standing, we aim to provide one-stop financial solutions to secure our customers with peace of mind.
Its essential products include savings insurance, retirement insurance, motor insurance, and domestic helper insurance. These are designed to safeguard your family’s wealth through every stage of life.
Features
China Taiping Insurance is a major international financial and insurance group with a business network covering Mainland China, Hong Kong, Macau, North America, Europe, Oceania, and East Asia. Its parent company, China Taiping Insurance Holdings, was listed on the Hong Kong Stock Exchange in 2000.
Whole-life plans are an excellent way to accumulate cash value and protect your family from death or terminal illness. There are various options, and the best one for you will depend on your needs and budget.
I-Secure Legacy (Released 27th December 2022) is one of the most affordable and comprehensive whole-life plans in the market right now. It offers premium payment terms ranging from 5 to 25 years and a multiplier of 2x, 3x, or 4x up to age 71 or 86.
This plan also provides coverage for critical illness, and you can receive a lump sum benefit upon diagnosis of one of 55 advanced-stage acute illnesses. In addition, it comes with a premium waiver benefit and several other features.
Benefits
China Taiping Insurance Review is a good choice for those seeking comprehensive coverage against death, critical illness, and total permanent disability. The company offers a wide range of policies that are easy to manage online.
The company also has travel insurance for single trips and annual plans. Its travel plans include cover for 40 medical conditions, emergency evacuation and repatriation, and coverage for your travel fares if your travel agent goes out of business.
This plan also comes with an early critical illness rider, which covers up to 161 CI conditions in all stages. This is one of the most comprehensive and competitively priced CI coverages in the market.
This policy also features a lifetime multiplier benefit, which allows you to receive the higher sum assured at an earlier age. This multiplier can be reduced gradually until you reach a minimum of 50% of the guaranteed sum assured, after which it will remain forever at that level.
Premiums
China Taiping Insurance Review offers a wide range of life insurance products, including death, terminal illness (TI), critical illness (CI), and total permanent disability (TPD). It also provides home insurance, child insurance, medical coverage, emergency travel assistance, and more.
One of the best value-for-money term insurance plans is the China Taiping i-Protect, which offers guaranteed renewability and convertibility options with flexible policy terms up to age 85. It also features optional riders that cover 161 CI conditions at various stages.
The premiums offered by China Taiping are relatively competitive compared to other insurers, especially for a 30-year-old non-smoker male who opts for $500K in insurance. However, some factors impact the final premium amount, such as the policy duration and sum assured.
Customer service
China Taiping Insurance is one of the leading insurers in the Asia-Pacific region and offers a plethora of insurance products, including life, property, and casualty, reinsurance, and pension insurance. Their products are sold in countries such as the People’s Republic of China, Hong Kong, Macau, Indonesia, and Singapore.
The customer service offered by China Taiping is top-notch, and their claims team quickly responds to any queries. They are available 24 hours a day, seven days a week. They also offer a suite of mobile apps that make it easy for their customers to manage their policy details and submit claims on the go. The company also makes it simple to pay your premiums online, as well as sign up for an e-wallet. The company’s website also features many helpful tools and guides to help you get the most out of your policy. It is an excellent place to start when looking for the best life insurance for you and your family.
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