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Term Plan - China Taiping i-Protect Term Plan Review
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Term Plan – China Taiping i-Protect Term Plan Review

Last Updated on May 24, 2022 by Parentology

Term plan insurances are flexible for coverage and premium years, low cost and versatile to include the various rider benefits available. They are also widely used in many scenarios to protect against life and death as well as critical illness.

China Taiping’s i-Protect Term plan aims to do just that, with the various riders it has including critical illness from early to advance stage coverage.

Features At a Glance for China Taiping i-Protect Term Plan

Flexible Policy Coverage Term

Have the option to choose your coverage until 65, 75 as well as 85 years old, or take up the coverage and choose from 11 to 40 years of coverage duration.

 

Yearly Renewable Term is Guaranteed

With the 5 and 10 year premium term option, they will be yearly renewed automatically and this coverage is until 85 years old, regardless of health condition. However, premiums will be revised based on the age at the end of 5 or 10 years.

 

Convertibility Option

Choose to convert your China Taiping term plan to a life plan should your needs change. This is to cater to our ever changing needs in life as we age over the years. This can be done without any further medical underwriting.

 

Comprehensive Early Critical Illness

China Taiping has one of the most competitive and comprehensive early critical illness coverage around with a total of 161 covered conditions from early to intermediate to advance stage critical illness, along with the special conditions.

Riders Available

The optional riders add on supplementary coverage to further make the plan comprehensive to cater to your concerns:

 

EarlyCare Rider

With a total of 161 covered conditions from early to intermediate to advance stage critical illness, along with the special conditions, you can be assured that the EarlyCare rider is certainly one of the more comprehensive critical illness condition rider available in the market.

The critical illnesses across early, intermediate to advance stage cover 149 of them. Additionally, there are 12 special conditions covered:

Special Conditions
Breast Reconstructive Surgery following a Mastectomy Osteoporosis
Chronic Adrenal Insufficiency Pheochromocytoma
Chronic Relapsing Pancreatitis Severe Crohn’s Disease
Dengue Haemorrhagic Fever Severe Rheumatoid Arthritis
Diabetic Complications Severe Ulcerative Colitis
Hysterectomy due to Cancer Wilson’s Disease

Source: China Taiping

 

AdvancedCare Rider

This rider covers up to 55 advance stage critical illness, beyond the 37 critical illness listed by the LIA (Life Insurance Association). This includes blindness, deafness, burn, kidney failure, heart attack, stroke as well as major cancer.

 

DisabilityCare Rider

In the event of TPD (Total and Permanent Disability), receive a lump sum payout that can be equivalent to the main sum assured.

How China Taiping i-Protect Term Plan Works

Term Plan - China Taiping i-Protect Term Plan ReviewTerm Plan - China Taiping i-Protect Term Plan Review

Source: China Taiping

China Taiping’s i-Protect Term Plan is Suitable For:

  • Comprehensive death, tpd and critical illness coverage with competitive premiums
  • Extensive list of critical illnesses from early, intermediate to advance stage including special conditions, with a total of 161 conditions covered.
  • 5 and 10 year renewable term are guaranteed and without medical underwriting
  • Option to change to a whole life plan without medical underwriting to suit changes

Conclusion for China Taiping i-Protect Term Plan

China Taiping’s suite of protection coverages are one of the more competitive plans in the market. As with all term life insurance plans, the suitability of this plan for you will largely depend on your needs and expectations. There are many term insurance plans in the market with many strong Insurers. Which one suits your financial planning for yourself and your family the most?

We work with professional Advisors from Financial Advisory firms to provide unbiased recommendations and advices to find you and your family the most suitable coverage based only on your needs and concerns.

Simply fill in the form below and our friendly licensed FA advisor will get in touch with you with no obligations and no hidden fees. All advice are of no charges, only custom made solutions will be adjusted only addressing your concerns.

 

     

     

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