China Taiping's i-Save gives a guaranteed return and is capital guaranteed at maturity. On top of the insurer's guarantee, this plan is protected up to specified limits by SDIC (see FAQ Q8). The July 2022 tranche offers a rate of 7.69% 3-year total return (2.5% p.a.).
InsureDIY is the only adviser platform offering China Taiping's i-Save with an online process. You will be able to apply and transfer the premium directly to China Taiping, all from the comfort of your own home. Best of all, you get exclusive DIY$ rewards that can be exchanged for 1.25X cash on future purchases or vouchers.
InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser.
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|Product||Product Type||Get a quote for these Products here:|
SRS-approved Retirement Plan
Up to 4.08% p.a.
Gro Retire Flex
50% commission rebate + Up to $2,400 CapitaVouchers
Each DIY$ is worth $1 and can be exchanged for vouchers including InsureDIY vouchers, NTUC Fairprice and Cold Storage vouchers. Or cash out at DIY$500! Check out our rewards catalogue here.
|Single Premium Amount||Get DIY$* |
|$500,000 and above||DIY$40|
|$200,000 and $499,999||DIY$15|
|$100,000 to $199,999||DIY$10|
|$50,000 to $99,999||DIY$5|
You can now also use your existing DIY$ to get cash rebates on i-Save and get 25% boost up** on your points!
Please pay China Taiping the full premium amount and we will credit your cash rebate separately after your free-look period. You can choose to redeem the cash rebate before or after application.
Total premiums will be aggregated across policies if you are applying for multiple i-Save policies.
* DIY$ will be awarded to both new and existing InsureDIY users upon sucessful application of i-Save 30 days after the policy commences.
** only available for users who have existing DIY$ excluding the DIY$ awarded for i-Save Jul 2022.
i-Save is eligible for the Refer a Friend program. Refer your friends and family for i-Save and get DIY$10 for each referral.
DIY$ can be exchanged for vouchers including InsureDIY vouchers, NTUC Fairprice and Cold Storage vouchers. Check out our rewards catalogue here.
How to refer:
Simply ask your friend to select "Referral" during the application process and key in your email address or referral code when they apply for i-Save here
* Only applicable if your friend has not bought any insurance policy through InsureDIY before. DIY$ will only be awarded after your friend's free-look period.
China Taiping's i-Save is a 3-year single premium plan that provides a guaranteed total return of 7.69% in total over the 3 years. (2.5% p.a.)
In addition to the guaranteed return at the end of 3 years, China Taiping's i-Save also includes an additional 5% Death benefit cover from the 12th policy month.
China Taiping's Jul 2022 i-Save Product Illustration
|End of Policy Year||Basic Premiums |
Paid to Date (S$)
|Death Benefit||Surrender Value|
(7.69% total return)
Please note that the Guaranteed Death Benefit within 11 months from the issue date of the policy is 100% of the Basic Premium Paid-to-date instead and the Guaranteed Death Benefit from the 12th month and thereafter is 105% of the Basic Premium Paid-to-date.
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8-Year Savings Plan. Expected 3.24% p.a. yield.
1. Is there any difference between buying China Taiping's i-Save through InsureDIY or from other distributors?
InsureDIY is distributing the same product as with other distributors. However, you can apply for i-Save from the comfort of your own home with our online process. We are the only distributor offering exclusive promotions on i-Save. Get DIY$ rewards that can be exchanged for 1.25X cash on future purchases or vouchers.
2. What is the minimum and maximum premium size for China Taiping's i-Save?
The minimum premium size for China Taiping's i-Save is S$50,000. The maximum single premium per insured is S$1,000,000.
3. What are the minimum and maximum ages for China Taiping's i-Save?
Individuals from ages 1 to 18 (next birthday) can apply with their parent as the policyholder and themselves as life assured.
Individuals from ages 19 to 80 (next birthday) are eligible to apply for China Taiping i-Save.
4. Is there a limit to the number of policies one may purchase?
No, there is no limit. Multiple policies are allowed under the same life insured, subject to a maximum aggregate single premium of S$1,000,000 per tranche.
5. If I am a foreigner, can I apply for China Taiping's i-Save?
Yes. However, you must be residing in Singapore at the time of application with a valid pass that has a minimum validity period of 6 months from the proposal signed date. Foreigners from sanctioned countries however, will be turned down.
6. What are the acceptable source of funds for China Taiping's i-Save?
The Single Premium payment can be made via Internet Banking, Cheque or Cashier's Order only, payable to "China Taiping".
If submitting a Cashier's Order, please submit a copy of cashier’s order application form or a copy of the debit advice showing the payer’s details.
7. Can I use my SRS funds to apply for China Taiping's i-Save?
No, SRS funds cannot be used for i-Save. The Single Premium payment has to be made via Cheque or Cashier's Order.
8. Is China Taiping's i-Save covered by SDIC?
The coverage is subject to a maximum of S$500,000 for the aggregated guaranteed sum assured and S$100,000 for the aggregated guaranteed surrender value per life assured per insurer.
InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser. This advertisement has not been reviewed by the Monetary Authority of Singapore.