Term Life Insurance Plan

Affordable term life insurance to meet your protection needs.
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Term Insurance

Our protection solutions allows you to safeguard the future of you and your loved ones should the unforeseen
happen to you.

i-Care

Comprehensive coverage against 161 medical conditions, Terminal Illnesses and Death. Get the care you need without financial worries.

i-Protect

Enjoy maximum protection against 149 medical conditions at an affordable premium. It can be your income replacement or legacy in the event of Terminal Illnesses and Death.

DIRECT - Term

Term Life Direct Purchase Insurance (DPI) offers fixed-period protection against Terminal Illnesses, Total and Permanent Disability and Death. Explore term insurance exclusively available at our office.

Useful Tips

Term life insurance is a straightforward and highly cost-effective form of financial protection. It is designed to cover you for a specific, defined period, such as 5, 20, or 30 years, or until you reach a specific milestone like age 65, 75, or 85. As term life insurance focuses purely on protection without a savings or investment component, it is usually more affordable than other forms of life insurance. This allows you to enjoy a higher level of coverage at a lower premium, making it a practical option for protecting your family against unexpected financial events.
At China Taiping Singapore, plans like our i-Protect or DIRECT – Term ensure that if a life insured pass away, suffer Total and Permanent Disability (TPD), or are diagnosed with a Terminal Illness during this designated timeframe, a lump sum is paid out to the chosen beneficiaries. This payout acts as an immediate financial cushion, helping the family manage ongoing living expenses, pay off housing loans, and maintain their standard of living.
The main difference lies in the duration of coverage and whether the policy builds cash value.
Term life offers protection for a fixed period, such as 20 years or until a selected age. If the insured person passes away, suffers from Total and Permanent Disability (TPD), or is diagnosed with a Terminal Illness during the policy term, a lump sum benefit is payable. As term insurance focuses purely on protection, it is generally more affordable than whole life insurance, allowing a higher level of coverage at a lower premium.
Whole life insurance, on the other hand, provides lifelong protection, typically until age 99 or 100. Part of what you pay accumulates as cash value, made up of guaranteed and non-guaranteed benefits, making it suitable for those seeking both protection and long-term wealth accumulation.
If you’re looking for affordable protection during key financial milestones, such as raising a family or paying off a mortgage, term life insurance may be suitable. If you prefer lifelong protection with the potential to accumulate cash value, whole life insurance may better meet your long-term financial goals.
The MoneySense Basic Financial Planning Guide recommends having death and Total and Permanent Disability (TPD) coverage of around 9 times of your annual income. However, determining the appropriate amount of coverage also involves reviewing your personal liabilities and financial commitments.
When determining your coverage needs, consider factors such as your outstanding mortgage and other debts, your family’s living expenses, your children’s future education costs, and any financial support your loved ones may need if you are no longer around to provide for them.
Term life insurance is one of the most affordable ways to secure a high amount of coverage, which makes it so popular to young professionals and growing families.
To give you a sense of the numbers, China Taiping Singapore’s i-Protect plan is frequently cited as one of the lowest-priced term options on the market. Your premium will depend on several factors, including your age next birthday, gender, smoking status, the policy term, and the coverage amount you choose.
Optional riders such as critical illness or total and permanent disability cover will also affect the final figure. The best way to find out how much you’ll pay is to request a personalised quote from your Financial Representative.
Not everyone requires a medical check-up. If you are relatively young, in good health, and applying for a standard coverage amount, you may qualify for “simplified underwriting.” This means you only need to complete a health declaration questionnaire when applying for plans like i-Protect.
A medical check-up is generally requested only if you are applying for a very high sum assured, if you fall into an older age bracket, or if your initial health declaration highlights pre-existing medical conditions. If a medical examination is required, your Financial Representative will explain the process and guide you through the next steps.
Once your China Taiping Singapore term life policy has been issued and is in force, any medical conditions that develop afterwards generally do not affect your existing coverage. Your premiums and coverage are based on the terms agreed when your policy was issued, provided your policy remains in force and all policy terms and conditions are met.
This is one of the key benefits of purchasing term life insurance while you are healthy. This is why we encourage individuals to lock in their insurability when they are in the pink of health, securing a robust safety net before any unforeseen medical issues arise.
If you miss a premium payment, China Taiping Singapore provides a standard 30-day grace period from the due date to give you time to catch up. If the premium remains unpaid after this grace period expires, the policy will lapse, and your coverage will end. To ensure you don’t accidentally lose your coverage, we highly recommend setting up an automated payment mode, such as GIRO or a recurring credit card arrangement.
Some term life insurance plans offer a guaranteed renewal option. For example, if you opt for our 5-year DIRECT – Term plan, the policy will automatically renew at the end of each 5-year term up to age 85. The best part is that this renewal is fully guaranteed, meaning you do not have to undergo any further medical underwriting or health checks, regardless of your health conditions.
However, it is important to note that renewal premiums are based on your age at the time of renewal and will generally increase as you get older. Your Financial Representative can help you determine whether a short-term renewable term life insurance plan is suitable for your needs.
Generally, life insurance payouts are not subject to income tax in Singapore. If a claim is processed, your designated beneficiaries will receive the full, gross payout amount without any tax deductions. This ensures that the financial legacy you leave behind goes exactly where it is intended: supporting your family’s needs and securing their future.
Term life insurance is an ideal option for anyone who has financial dependents or significant, time-bound liabilities. This includes:
  • Young parents with school-going children;
  • Couples with outstanding home loans such as HDB or condominium mortgage;
  • Working adults who provide financial support to their ageing parents, or
  • Individuals who prefer to keep their insurance protection separate from their savings or investment plans.
As term life insurance focuses purely on protection, it generally offers a higher level of coverage at a lower premium, making it a practical choice for many individuals and families.
While single individuals may not have a spouse or children depending on their financial support, term life insurance can still serve as a vital defensive shield. If you have elderly parents who rely on you for their monthly allowance or healthcare needs, a term policy ensures they remain taken care of if something were to happen to you.
Furthermore, term life insurance doesn’t just cover passing away; it also covers Total and Permanent Disability. If you were to lose your earning capacity, a lump sum disability payout from an optional rider on your i-Protect plan could act as your personal income replacement, ensuring you can maintain your independence without becoming a financial strain on your extended family.
Yes. You can have multiple term life insurance policies, whether with the same insurer or different insurers, depending on your protection needs.
Individuals often stack policies to match different life milestones; for example, you might hold a long-term policy to cover your family’s general living costs, and add a secondary 20-year term policy specifically to cover the duration of a home mortgage.
If a valid claim arises, each policy will generally pay the applicable benefits in accordance with its policy terms and conditions, provided the required disclosures were made when the policies were purchased.
The ideal time to secure coverage is right now. Because life insurance premiums are calculated primarily based on your age and physical health, premiums are at their lowest when you are young and free of chronic medical issues.
By applying early, you secure the most affordable premium rates for the entire duration of your policy term. Waiting until you are older may result in higher premiums due to age and, depending on your health at the time of application, additional underwriting requirements, premium loadings, exclusions, or even difficulty obtaining coverage.

China Taiping Singapore’s term insurance pays a lump sum to the beneficiaries if the life insured passes away or is diagnosed with a terminal illness during the policy term. China Taiping Singapore offers three term life insurance solutions to suit different protection needs:

1. i-Protect – a term insurance plan built for flexibility with policy terms from 11 to 40 years, or up to age 65, 75 or 85. It has guaranteed renewability and the option to convert to another eligible China Taiping Singapore life insurance plan. Optional riders, such as critical illness, are available to enhance your protection.
To further enhance your protection, you can attach optional riders under the i-Protect plan:
  • DisabilityCare rider – provides a lump sum benefit if you become Totally and Permanently Disabled (TPD).
  • EarlyCare rider – provides comprehensive protection against 149 critical illness conditions across the early, intermediate, and advanced stages, plus 12 special conditions, for a total of 161 covered conditions.
  • AdvancedCare rider – adds up to 55 advanced-stage critical illnesses, going beyond the 37 listed by the Life Insurance Association.
  • Premium waiver riders – keeps your policy active without further premiums if you are diagnosed with a covered illness or become disabled.

2. i-Care – a standalone critical illness insurance plan that provides comprehensive coverage for 161 medical conditions, together with Death and Terminal Illness benefits. The payout can be served as income replacement or a legacy in the event of terminal illness or death.

3. Direct Term – a Direct Purchase Insurance (DPI) plan that provides straightforward and affordable protection. You can purchase it directly from China Taiping Singapore without going through a financial representative. It covers Death, Total and Permanent Disability and Terminal Illness, with coverage terms of 5 years, 20 years, or up to age 65. Sum assured on DPI plans is capped, generally up to around $400,000.

Speak to a China Taiping Singapore representative to work out which plan and rider combination fits your protection needs and budget.
Term life insurance offers broad and dependable protection, though a handful of standard exclusions apply across the industry. If this happens, the death benefit is not paid out, but the premiums you have paid are generally refunded to your beneficiaries.
Additional exclusions may apply depending on the benefits or optional riders selected. For example, Total and Permanent Disability (TPD) and Critical Illness riders may have their own specific exclusions. Depending on your health declaration and underwriting assessment, certain pre-existing medical conditions may also be excluded from coverage or be subject to special terms.
As exclusions vary by product and rider, we recommend reviewing your policy contract carefully or speaking with your Financial Representative to understand the coverage, exclusions, and any special terms applicable to your policy.
Yes. Foreigners who legally reside or work in Singapore are generally able to apply for term life insurance with China Taiping Singapore, including Employment Pass and S Pass holders. Depending on your residency status and individual circumstances, you may be asked to provide supporting documents, such as proof of residency, employment or financial information, as part of the application process.
Your Financial Representative can advise you on the eligibility requirements and help you choose a term life insurance plan that best suits your protection needs.
We know that the last thing your family needs during a difficult time is administrative delay, so we are committed to a compassionate and efficient claims experience. The actual processing time depends on the completeness of the documents submitted and the complexity of the claim. Claims requiring additional information or investigations may take longer to assess.
If you outlive your term life insurance policy, your coverage will end at the end of the selected policy term. As term life insurance is designed to provide affordable financial protection for a specified period, it does not provide a maturity benefit or cash value when the policy expires.
When choosing a term life insurance plan, it’s important to select a policy term that aligns with your financial goals. For example, if you’re purchasing insurance to protect your home loan, coverage until your mortgage is fully repaid may be sufficient. If your goal is to provide a financial legacy or longer-term protection for your loved ones, you may prefer a longer policy term, such as up to age 85. Your Financial Representative can help you determine the most suitable policy term based on your needs and financial commitments.

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