China Taiping i-Cash III Review

The complete Pros and Cons on China Taiping i-Cash III

China Taiping i-Cash III is a savings plan that pays you yearly cash up till age 85 followed by a lump-sum maturity benefit with a 5 or 10 year premium payment term.

China Taiping i-Cash III product details

  • Life policy – Endowment and Saving policy
  • Yearly Payouts; receive up to 8.2% of the Sum Assured per year
    • Guaranteed – 1% of Sum Assured
    • Non-Guaranteed – up to 7.2% of Sum Assured
    • Choose to spend the payouts as you wish or accumulate them for higher returns
  • Short Premium Term
    • Choose to pay premiums for 5 or 10 years for a policy term until age 85
  • Maturity Benefit
    • Capital is guaranteed and receive a lump-sum payout upon policy maturity at age 85
  • Hassle-free Application
    • Enjoy a hassle-free application with no health checks required

Read AboutEndowment and Saving policy: How does it work?

Read AboutEndowment and Saving policy: Is it the best option?

Features of China Taiping i-Cash III at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage

Death: No
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 AboutEffects of compounding returns

Read About: 4 Best Endowment Insurance Savings Plans in Singapore (2021 Editition)

China Taiping i-Cash III may be suitable if you are looking for

China Taiping i-Cash III may potentially be a good fit if the following matters to you:

  • A hassle-free application without medical underwriting
  • Long term endowment and savings plan
  • Saving regularly over a short premium term of 5 or 10 years
  • Regular cash payout till age 85
  • To potentially generate higher financial returns compared to bank accounts
  • Savings plan with insurance coverage against Death and Terminal Illness

China Taiping i-Cash III may not be suitable if you are looking for

China Taiping i-Cash III 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
  • A one-time premium commitment with no further cash commitment
  • 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-Cash III

  • How are China Taiping or China Taiping i-Cash III investment returns based on historical performance?
  • How does China Taiping i-Cash III compare with Endowment policies from other insurance companies?
  • Can China Taiping i-Cash III 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-Cash III. Talk to us or seek advice from a financial adviser before making any decision about China Taiping i-Cash III.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Read About3 things to consider before taking up a new financial product

Is China Taiping i-Cash III suitable for me?

Contact InterestGuru using the form below. Our panel of Independent financial planners will advise accordingly, based on your financial profile and protection needs.

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Before you go...
China Taiping i-Cash III may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
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