China Taiping floats first universal life plan for HNWIs

Infinite Universal will cover legacy planning, estate planning, and business continuity.

China Taiping Insurance Singapore has launched its first universal life plan catered for high net worth individuals (HNWIs) with a minimum sum assured of $674,000(US$500,000), according to a news release.

Infinite Universal will cover legacy planning, estate planning, and business continuity, serving the HNWIs’ demand for wealth management and protection.

The life plan is the latest addition to the insurer’s Infinite series of products, after Infinite Legacy and Infinite Harvest were launched in 2019 focusing on protection and income generation, respectively.

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