China Taiping's i-Save

4.57% Guaranteed Total Return

with Capital Guarantee

AUG 2021 TRANCHE CLOSED!

PLEASE WAITLIST FOR THE NEXT TRANCHE BELOW.

Returns are higher than SSB & Fixed Deposits!

InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser.

 

 

i-Save (Next Tranche)

Minimum single premium is $50,000

Pay by:

Premiums will be paid directly to China Taiping after you receive the Letter of Acceptance. We recommend that you pay through Internet Banking due to the COVID19 situation. However, cheque and cashier's order modes of payment remain available.


Details on the Cheque payment methods will also be emailed to you. 
Method 1: Cheques can be submitted at: 
China Taiping: Life Insurance Mailbox at Level 2
3 Anson Road, Springleaf Tower 
Singapore 079909

Method 2: Cheque can be mailed via postal service to:
China Taiping Insurance Singapore 
3 Anson Road 
#18-00 Springleaf Tower 
Singapore 079909


Your policy number will be emailed to you in 1-2 working days. You can proceed to make payment via bank transfer after you have received your policy number as this will need to be quoted as a payment reference number.   

* For Bank Transfer, Funds are to be paid out of an account held in your name (i.e. the policyholder).


Details on the Cashier's Order (CO) payment methods will also be emailed to you. 
Method 1: COs can be submitted at: 
China Taiping: Life Insurance Mailbox at Level 2
3 Anson Road, Springleaf Tower 
Singapore 079909

Method 2: COs can be mailed via postal service to:
China Taiping Insurance Singapore 
3 Anson Road 
#18-00 Springleaf Tower 
Singapore 079909

The Cashier's Order Application Form must be submitted together with the Cashier's Order.


Email Address
Handphone No. (8 digit of your phone no)
First Name As In NRIC
Last Name As In NRIC
Surname or Family Name
NRIC Number
Gender
Date of Birth
Block Number
Unit Number
Street/Building Name
Postal Code
Are you currently residing in Singapore?
Have you resided outside of Singapore continuously for 5 years or more preceding the date of this application?
Have you resided in Singapore for 183 days or more in the last 12 months preceding this application?
Do you have a pass that has a duration longer than 90 days and have you been residing in Singapore for 90 days or more in the last 12 months preceding this application?
Please upload documentary proof such as work or student permit issued by relevant authorities in the foreign country where you are residing.
Accepted image file only jpg, jpeg, png max 10MB (pdf not accepted)
Are you solely a tax resident of Singapore?
Are you a U.S. Person / Person with a U.S. Indicia?
Tax Identification Number
I confirm that i am not a tax resident of any country (ies) other than the one (s) that I have declared above. I shall notify the Insurer within 30 days from date of change.
Politically Exposed Person (PEP) is an individual who is or has been entrusted with prominent public functions whether in Singapore or a foreign country. Prominent public function as defined in MAS Notice on Prevention of Money Laundering and Countering the Financing or Terrorism includes the roles held by head of state, a head of government, government ministers, senior civil or public servants, senior judicial or military officials, senior executives of state owned corporations, senior political party officials, members of the legislature and senior management of international organisations. By "related", we mean that the life insured, proposer, beneficiary, or beneficial owner are closely connected to a politically exposed person either socially or professionally, or are a parent, step-parent, child, step-child, adopted child, spouse, sibling, step-sibling and adopted sibling of a politically exposed person.
Full Name of the PEP
Full Name of the person related to PEP
Position held and Title of the PEP
Period held (Starting Year)
Period Held (Ending Year)
Source of Wealth
Country in which the period is/was held
Relationship with PEP
Politically Exposed Person (PEP) is an individual who is or has been entrusted with prominent public functions whether in Singapore or a foreign country. Prominent public function as defined in MAS Notice on Prevention of Money Laundering and Countering the Financing or Terrorism includes the roles held by head of state, a head of government, government ministers, senior civil or public servants, senior judicial or military officials, senior executives of state owned corporations, senior political party officials, members of the legislature and senior management of international organisations. By "related", we mean that the life insured, proposer, beneficiary, or beneficial owner are closely connected to a politically exposed person either socially or professionally, or are a parent, step-parent, child, step-child, adopted child, spouse, sibling, step-sibling and adopted sibling of a politically exposed person.
Full Name of the PEP
Full Name of the Person related to PEP
Position held and Title of the PEP
Period Held (Starting Year)
Period Held (Ending Year)
Country in which the position is/was held
Source of Wealth
Relationship with PEP
Nature of Work
Name of Employer
Nature of Business
Block Number of Employer
Unit Number of Employer
Street / Building Name of Employer
Postal Code of Employer
Nature of Work in Previous Occupation
Previous Occupation
Upload Picture of NRIC - Front
Accepted image file only jpg, jpeg, png max 10MB (pdf not accepted)
Are you a smoker?
Upload Picture of NRIC - Back
Accepted image file only jpg, jpeg, png max 10MB (pdf not accepted)
Source Of Wealth Others
Additional Details for Source of Funds
Details for Personal Savings (if currently not employed) / Proceeds from a Policy / Others. If not applicable, please fill in with a "-".

Are you the Payor for this policy?

Payor Contact Number
First Name of Payor
Last Name of Payor
Payor NRIC
Date of Birth of Payor
Annual Income of Payor
Payor Source of Wealth Others
Additional Details for Source of Funds
Details for Personal Savings (if currently not employed) / Proceeds from a Policy / Others. If not applicable, please fill in with a "-".
Upload Picture Payor's NRIC - Front
Accepted image file only jpg, jpeg, png max 10MB (pdf not accepted)
Upload Picture Payor's NRIC - Back
Accepted image file only jpg, jpeg, png max 10MB (pdf not accepted)
Reason for Third Party Payment
Receive Maturity Payout by:


Name of Bank and Branch
Bank Account Number
Name of Account Holder
Copy of your bank book or recent bank statement
Accepted image file only jpg, jpeg, png max 10MB (pdf not accepted)
Is this application to replace or intended to replace any of the existing life insurance policies?
For the avoidance of doubt, this is NOT a nomination of beneficiary (ies) under the policy. [Beneficial owner, in relation to a customer of a financial adviser, means the natural person who ultimately owns or controls the customer or the natural person on whose behalf business relations are established, and includes any person who exercises ultimate effective control over a legal person or legal arrangement.]
Existing Insurance Policies Table or Applications Pending with any Insurance Company
Name of Company Inforce or Pending Sum Assured $ (Life) Sum Assured $ (TPD) Sum Assured $ (Critical Illness) Other (Please specify type) Annual Premium ($) Year Issued
Please provide details of your total insurance coverage (including concurrent applications and applications pending approval from other companies and indicate the currency.
Replacement of Existing Policies Table
Name of Company Policy No. Type of Policy Sum Assured ($) Year Issued
Please provide details of your total existing insurance coverage (including applications pending approval from other companies).
Declaration on Beneficial Owner Table
Full Name as shown on NRIC/Fin/Passport NRIC/Fin/Passport number Relationship to Proposer
If Yes, please provide the particulars of the beneficial owner (s) to this policy and provide a copy of their NRIC/Fin/Passport to us.
Upload Picture of NRIC Beneficial Owner - Front*
Accepted image file only jpg, jpeg, png max 10MB (pdf not accepted)
Upload NRIC of Beneficial Owner - Back*
Accepted image file only jpg, jpeg, png max 10MB (pdf not accepted)
Referral Code

Declarations

 

I confirm that I am solely a tax resident of Singapore and do not have a foreign tax residency. My Singapore TIN is my NRIC or FIN. I am not currently residing outside Singapore and have not resided outside Singapore for 5 or more years. For PRs: I have been residing in Singapore for 183 days or more in the last 12 months preceding the date of this application.

I am not a Politically Exposed Person (PEP).

I am not currently applying for any other Life Insurance policies and I do not intend to replace any of my existing policies with this policy.

I would not like my dependant(s) to be taken into consideration for the needs analysis and recommendation(s).

I wish to receive product advice only and do not need my other insurance plans to be considered for needs analysis.

My financial priority is short-term savings. I prefer fixed income, capital guaranteed products. The return is within my expectations.

I tend to be conservative and would sell my investments to preserve cash in a short-term decline and I am uncomfortable with any loss of capital.

Capital preservation is my priority and my investment time frame is less than 5 years.

There are no events that will affect my financial condition in the next 12 months. I am not an undischarged bankrupt.

I can understand that I can view or download a copy of Your Guide to Life Insurance as well as Your Guide to Health Insurance/Your Guide to Participating Policies/Your Guide to Investment-Linked Plans (where applicable) from www.lia.org.sg.

I understand that my personal data will be used and transfered to InsureDIY Pte Ltd in accordance with the Privacy Policy, although I understand that InsureDIY Pte Ltd acknowledges that I may opt out of the use of my personal data for direct marketing purposes by indicating as such to sg_service@insurediy.com.

InsureDIY Pte Ltd and its affiliated companies would like to send me information on relevant products and services that may be of interest to me. Often, InsureDIY Pte Ltd or its affiliated companies are able to notify me on promotional prices that will give me good value. I agree to InsureDIY Pte Ltd and their affiliated companies using my personal data (email, telephone number and postal address) for direct marketing of products and services as set out in their Privacy Policy.

Do you agree to the declaration above
URL Tracker

Key features for
China Taiping's i-Save

Aug 2021 details are below. The next tranche details are not announced yet.  

 

Guaranteed Returns


4.57% Guaranteed total 3-Year return

Capital Guaranteed

 

Capital Guaranteed & Covered by SDIC

3 year term


3-Year Term

 

InsureDIY Capital Plus Promotions


Up to $140 in InsureDIY Promo

InsureDIY Online Application


Online
Application
through
InsureDIY

Why Apply for i-Save

The Aug 2021 i-Save tranche is closed. Please waitlist above for the next tranche.

China Taiping's i-Save gives a return much higher than Singapore Savings Bonds and Fixed Deposits! The plan is capital guaranteed. Please see the SDIC protection under FAQ Q8. The July 2021 tranche will offer a rate of 4.57% total return (1.5% p.a.).

Interest rates have been falling over the past few months. SSB is now only at 0.52% p.a.. Fixed deposits are only at 0.05% - 0.65%. So apply early for i-Save now!

InsureDIY is the only adviser platform offering China Taiping's i-Save with an online process and we offer an exclusive promotion of up to $140. You will be able to apply and transfer the premium directly to China Taiping, all from the comfort of your own home.

InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser.

DOWNLOAD & APPLY THROUGH OUR APP!

Check your application status, see your portfolio with us and redeem your vouchers with our app.

   

Have a question you need answered?

Email us (best way to reach us): sg_service@insurediy.com

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:

PIMCO logo

BlackRock

JP Morgan logo

Unit Trusts

3-Year return: 5.79%

Apply Now

i-Save Promotion

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 Promotion*
$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.

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 successful application of i-Save 30 days after the policy commences. 
** only available for users who have existing DIY$ excluding the DIY$ awarded for this tranche of i-Save.

i-save green leaf image

Referral Program

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 logo

i-Save Aug 2021 Details (Closed. Please waitlist for the next tranche)

China Taiping's i-Save is a 3-year single premium plan that provides a guaranteed total return of 4.57% (1.5% p.a.). The return is higher than the 0.5% p.a. returns provided by Singapore Savings Bonds and fixed deposit rates of 0.05% - 0.65% 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 2021 i-Save Product Illustration  

End of Policy Year Basic Premiums
Paid to Date (S$)
Death Benefit Surrender Value
Guaranteed(S$) Guaranteed(S$)
1 10,000 10,500 9,000
2 10,000 10,500 9,500
3 10,000 10,500 9,750
3 10,000 Maturity Value
Guaranteed(S$)

10,457

(4.57% of Single Premium)

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.

Other Savings & Investment Products

 

Product Product Type Register for these Products here:

Best of Bond Funds:

PIMCO logo

BlackRock

JP Morgan logo

Unit Trusts

3-Year return: 5.79%

Apply Now

China Taiping logo

Here are some common questions
about China Taiping's i-Save Plan

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$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.