China Taiping's i-Save gives 1.6% p.a., much higher than Singapore Savings Bonds and Fixed Deposits! The plan is capital guaranteed and please see the SDIC protection under FAQ Q8.
Interest rates have been falling over the past few months. SSB was 1.52% in early Jan 2020 and is now 0.32%. Fixed deposits are only at 0.05% - 1%. So apply for i-Save and lock in your 1.6% rate now!
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 to China Taiping all from the comfort of your own home.
The i-Save Jan 2021 tranche is limited and alloation is on first come, first serve basis. If you are keen, please do submit your application as soon as possible.
Have a question you need answered?
Email us (best way to reach us): [email protected]
WhatsApp us: +65 9151 5963 (Mon to Fri: 9am - 5pm)
Call us: +65 3138 6784 (Mon to Fri: 9am - 5pm)
Other Savings & Investment Products you may wish to consider:
Product | Product Type | Register for these Products here: |
Best of Bond Funds:
BlackRock
|
Not Guaranteed Unit Trusts |
3-Year return: 5.23% |
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$60 |
$200,000 and $499,999 | DIY$25 |
$100,000 to $199,999 | DIY$20 |
$50,000 to $99,999 | DIY$10 |
$30,000 to $49,999 | 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.
Redeem | Cash Rebate |
DIY$8 | $10 |
DIY$40 | $50 |
DIY$80 | $100 |
Total premiums will be aggregated across policies if you are applying for multiple i-Save policies.
* DIY$ 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 Jan 2021.
i-Save is also 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
Referral Reward |
DIY$10 each |
* Only applicable if your friend has not bought any insurance policy through InsureDIY before. DIY$ 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 return of 1.6% p.a.. The return is higher than the 0.32% p.a. returns provided by Singapore Savings Bonds and fixed deposit rates of 0.05% - 1% 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 second year.
China Taiping's Jan 2021 i-Save Product Illustration
End of Policy Year | Basic Premiums Paid to Date (S$) |
Death Benefit | Surrender Value |
Guaranteed(S$) | Guaranteed(S$) | ||
1 | 10,000 | 10,000 | 9,000 |
2 | 10,000 | 10,500 | 9,500 |
3 | 10,000 | 10,500 | 9,750 |
3 | 10,000 | Maturity Value | |
Guaranteed(S$) | |||
10,488 |
Product | Product Type | Register for these Products here: |
Best of Bond Funds:
BlackRock
|
Not Guaranteed Unit Trusts |
3-Year return: 5.23% |
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, we are offering exclusive promotions on i-Save that are not available anywhere else. We are also the only distributor to offer an online application process. So you will get more value through our promo and you also save time! Apply now through InsureDIY and be the first in line for this limited tranche product.
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$30,000. 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?
Insureds from ages 1 to 18 age next birthday can apply with their parent as the policyholder and themselves as life assured.
Insureds from ages 19 to 80 age 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's Taiping 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.