{"id":14572,"date":"2021-01-26T18:30:28","date_gmt":"2021-01-26T10:30:28","guid":{"rendered":"https:\/\/newcorpdemo-uat.cntaiping.sg\/?post_type=newsroom&p=14572"},"modified":"2025-05-14T11:04:10","modified_gmt":"2025-05-14T03:04:10","slug":"china-taiping-insurance-singapore-unveils-two-term-insurance-plans-with-100-refund-of-premiums","status":"publish","type":"newsroom","link":"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/china-taiping-insurance-singapore-unveils-two-term-insurance-plans-with-100-refund-of-premiums\/","title":{"rendered":"China Taiping Insurance Singapore Unveils Two Term Insurance Plans With 100% Refund of Premiums"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tSingapore, January 26, 2021:<\/strong> China Taiping Insurance Singapore Pte. Ltd. (“CTPIS”) today announced the launch of two term insurance plans with 100% refund of premiums when no claim is made at the end of the policy term.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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i-Assure MoneyBack<\/strong> provides death coverage.<\/li>
i-Assure MoneyBack (CI)<\/strong> provides coverage for death and the five most common critical illnesses (CIs) \u2013 Major Cancer, Heart Attack of Specified Severity, Stroke with Permanent Neurological Deficit, Coronary Artery By-pass Surgery and End Stage Kidney Failure.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tBoth plans offer 100% refund of the Total Yearly Premiums1<\/sup> paid at the end of the selected policy term if no claim is made. Policy owners can choose a coverage period of 20 or 30 years or up to age 65 or 70. At the end of the selected policy term, they also have the option to extend death coverage on a yearly basis up to age 100 without medical examination.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tMr. Lance Tay, General Manager, Life Insurance, China Taiping Insurance Singapore said, \u201cOur i-Assure MoneyBack and i-Assure MoneyBack (CI) plans offer two promises \u2013 protection and 100% refund of premiums. Unlike a typical term insurance that has no surrender value, our new term plans offer guaranteed surrender values from the 10th policy anniversary onwards and 100% refund of premiums at the end of the policy term.\u201d\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tTay added, \u201cSingaporeans have an 80% CI protection gap2 <\/sup> with an average of only $60,000 of CI coverage for an economically active adult. i-Assure MoneyBack (CI) is designed for individuals who are looking to boost their CI coverage. With this in mind, we make this CI plan application simple with just a few health questions. It is also cost effective as it focuses on the five major CIs that make up more than 90% of the CI claims3<\/sup>.\u201d\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t