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China Taiping Insurance SG unveils two universal life plans for HNWIs

The indexed account will have returns linked to the performance of two indices.

China Taiping Insurance (Singapore) has launched two universal life plans—the Infinite Indexed Legacy (USD) and the Infinite Indexed Wealth (USD)—for the legacy planning and wealth management needs of high-net-worth individuals (HNWIs).

The two plans use a dual growth strategy that enables HNWIs to allocate premiums between a fixed account and index accounts.

The fixed account provides a guaranteed crediting rate of 4.5% per annum in the first two policy years. Afterwards, the rate may vary based on market conditions, with a guaranteed minimum of 2% per annum.

Infinite Indexed Legacy’s policyholders have an additional 0.35 Per annum crediting rate as a loyalty reward from policy year 11 onwards.

The indexed account will have returns linked to the performance of two indices, the S&P 500 Daily Risk Control 10% USD Excess Return Index and the UBS-CSOP Global Asset Momentum Allocation Flex Equity and Bond Net Index ER USD.

The S&P 500 Daily Risk Control 10% USD Excess Return Index has a 100% participation rate in the US equity market.

Meanwhile, the UBS-CSOP indices have assets in equities and bonds across Asia, Europe, and North America, with a participation rate of 260%. An institutional grade will be made available exclusively to CTPIS policyholders.

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