Last Updated on by Tree of Wealth
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China Taiping’s enduring legacy endowment savings plan, i-CashLife, offers a unique endowment solution featuring two premium payment terms of 5 and 10 years. This plan matures when the policyholder reaches the age of 85, ensuring long-term financial security. With i-CashLife, you have the flexibility to make withdrawals based on the accumulated cash value, providing additional financial freedom.
No medical underwriting is required and your cashback can be accumulated and grow with interest should you not require it.
Should you want a flexible wealth growth instrument that caters to different financial goals and needs at various life stages, the China Taiping i-CashLife fits in for your retirement usage. You can even use it for a holiday or children’s education.
Features At a Glance for China Taiping i-CashLife
Premium Term
Have the option to supplement the premium of either 5 or 10 years according to your preference and budget.
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Guaranteed Annual Cashback – 1% of Total Yearly Premium
You can start receiving annual cashbacks amounting to a maximum of 3.95% per annum of the Total Yearly Premiums immediately after the conclusion of your chosen premium payment term, continuing until the age of 120. These cashbacks can be utilized according to your preferences, or alternatively, you have the option to accumulate them with us to earn interest.
This offering is based on a 10-year premium payment term with a minimum yearly premium of S$21,000. It encompasses a Guaranteed Yearly Cashback (GYC) of 1% of the Total Yearly Premiums (TYP), along with a non-guaranteed yearly cash dividend of 2.95% of TYP. The non-guaranteed dividend is dependent on the Illustrated Investment Rate of Return (IIRR) of 4.25% per annum. In the case of an IIRR of 3.00% per annum, the yearly cashback amounts to 2.48% of TYP, comprising a GYC of 1% of TYP and a non-guaranteed yearly cash dividend of 1.48% of TYP.
Premium Paying Term |
First GYC payable on: |
5 years |
5th policy anniversary, i.e. beginning of policy year 6 |
10 years |
10th policy anniversary, i.e. beginning of policy year 11 |
Source: China Taiping
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Also included is the non-guaranteed cash dividend of up to 7.2% of the basic sum assured, based on the 4.25% projection returns.
Premium Paying Term |
Yearly Cash Dividend* payable at the beginning of policy year:
6 – 20 21 – 35 36 onwards |
||
5 Years Premium Paying Term Yearly Cash Dividend* payable at the beginning of policy year: |
6 – 20 | 21 – 35 | 36 onwards |
3.00% |
5.00% |
7.20% |
|
10 Years
Premium Paying Term Yearly Cash Dividend* payable at the beginning of policy year: |
11 – 25 | 26 – 40 |
41 onwards |
3.00% | 5.00% |
7.20% |
Source: China Taiping
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The guaranteed and non-guaranteed cashback will be paid together and you can have the option to choose how to spend it, be it for a holiday, retirement planning or even children’s education.A
The accumulated cash value can be withdrawn fully or partially.

Breakeven After Premium Term
Be assured that after the premium term, the guaranteed portion of the surrender (cash) value will be equivalent to your total annual premiums paid. The guaranteed surrender cash value will also continue to grow and not reduced nor stay level, even when the cashback amount is paid annually.
Very useful feature as it keeps the cashback and the guaranteed amount separately.
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Maturity Amount at 85 Years old
At age 85, receive a lump sum maturity payout including the guaranteed and non-guaranteed amount.
Guaranteed Acceptance Regardless of Health Condition
No medical check-up and underwriting health questions required. This plan is guaranteed acceptance regardless of health condition.
How the China Taiping i-CashLife Works

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China Taiping i-CashLife is Suitable if You:
- Are looking for regular stream of income and a lump sum maturity benefit to spend as one wishes or to provide as a gift to loved ones
- Are parents who would like to secure a series of income for their young children
- Are parents who want to prepare for children’s education while they are young, and a savings or even retirement when your children gets older.
- Prefer a short premium commitment
- Prefer no medical underwriting upon application.
It would however be less suitable if you would like:
- High protection
- Early Critical Illness and Critical Illness coverage
- One-time premium commitment
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China Taiping’s i-CashLife is one of the more competitive endowment plan suitable for mid to long term financial planning. It breaks even relatively fast (even in the current market), as well as being flexible when it comes to cash withdrawals.
We hope this in-depth analysis helps you in understanding the pros and cons of China Taiping’s i-CashLife and also in helping you decide if it meets your savings objectives. All savings plans have their own advantages and disadvantages and it is recommended that you choose one that is within your objectives and liquidity needs to ensure you get the best possible value.
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