The Only Whole Life Protection Plan in the Market that Provides Lifetime Guaranteed Benefit for Death & Critical Illnesses.
Singapore, April 21, 2022: China Taiping Insurance (Singapore) Pte. Ltd. (“CTPIS”) today announced the launch of i-Secure Legacy providing Guaranteed Benefit (“GB”) for death and critical illness for a lifetime, making it the only protection plan in the market that offers such benefit. i-Secure Legacy allows policyholders to choose GB of up to four times the sum assured till age 76 or 86, thereafter the GB decreases by 10% each policy year for five years and remains at 50% for life.
Mr. Lance Tay, General Manager, Life Insurance, China Taiping Insurance Singapore said, “i-Secure Legacy is our 3rd generation of enhanced protection plan aiming to provide our customers greater peace of mind with 360° coverage for the longest period. Our customers can enjoy immediate high protection with Guaranteed Benefit of 2, 3, or 4 times of their sum assured and critical illness coverage for up to 161 medical conditions.”
About i-Secure Legacy
- The only whole life protection plan in the market that provides lifetime GB for death and critical illness.
- Offers GB of 2, 3, or 4 times of sum assured until age 76 or 86, one of the highest age options in the market. GB will decrease by 10% each policy year for five years till age 80 or 90 respectively and will remain at 50% for life.
- Provides lifetime coverage against Death, Terminal Illness and Total and Permanent Disability.
- Comes with an exclusive whole life critical illness rider with GB factor of up to 4 times, covering a total of 161 medical conditions across all stages of critical illnesses.
- Premium payment term is as short as 5 years.
Tay added, “Singaporeans and permanent residents are only covered for 80% of their mortality protection needs and 20% of their CI protection needs*. With the escalating healthcare cost, treatment for major critical illness can easily wipe out one’s hard-earned savings and one may also be unable to continue to earn a steady income when critical illness strikes. i-Secure Legacy is designed for Singaporeans to bridge their protection gap with competitive benefits and premium.”
i-Secure Legacy is available via our Financial Advisory partners. More information about the new plan can be found here.
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China Taiping Insurance (Singapore) Pte. Ltd.
