Compare Best Term Insurance Singapore (2024)

Moneyline Singapore compares over 15 life insurance companies to get you the best term life insurance plan in Singapore.

Get quote for term life insurance plans with up to 40% perpetual discounts for all ages and compare term life insurance plans from different insurers to find the best term life insurance in Singapore.

40% Perpetual discount

Why Get Term life insurance plan?

Get the Best Term Insurance Coverage in Singapore

Low Cost, High Coverage

Term life insurance provides you with the highest coverage at the lowest cost

Choice of Time

You can choose the number of years you wish to be covered. Choose between coverage for 10, 20, or 30 years, up to age 65, or even until you’re 100.


You can customise your term life insurance in Singapore to provide you with more comprehensive coverage by adding a variety of critical illness/disability coverage as an add-on.

All in One

Get comprehensive coverage with a single-term life insurance policy that includes disability and critical illness coverage at all stages.

Compare and Get Quotes from Different Term Life Insurance Providers

Protect your loved ones

Term Life Insurance

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Other Features of Term Life Insurance Plan

real financial planning

Add Riders

Make the best term life insurance in Singapore more complete with these riders:

  • Total and Permanent Disability
  • Advance Stage Critical Illness
  • Early-Stage Critical Illness
  • Disability Income
  • Multiple Claim Critical Illness
  • Personal Accident
  • Payor Waiver



Certain companies will allow you to convert to a whole life insurance plan later on in life.



Most companies allow the insurance policyholder to opt for a renewable version of the term life insurance plan. This option will provide you with the flexibility to extend your coverage later while you pay a lower premium in the initial years.

Sample Quotes

Term Life Insurance Premium 35 Years Old Non-Smoker

Permutation: 1,000,000 Death & Disability till Age 65 Non Smoker

InsurerMale Monthly PremiumFemale Monthly Premium
China Taiping$75$55
HSBC Life$72$52
Tokio Marine$77$55

What Should You Look Out For When Buying A Term Life Insurance Policy?

  • Understand the difference between renewable and non-renewable coverage.
  • Are the riders accelerated or additional to your basic coverage?
  • Some term insurance in Singapore enables you to increase coverage without underwriting during certain life events.
Critical Illness Plan

The biggest advantage of getting a term plan is helping you save a great deal of money for your protection needs.

Get Term Life Insurance Quotes

Our MAS-Licensed Partner will provide you with objective advice and help you compare insurance quotes from different providers. 100% Free & No Commitment. Retrieve your info using your Singpass app or manually fill in the form below.

Frequently Asked Questions

A term life Insurance is a life insurance policy that simply pays out a lump sum to your beneficiary upon your death. It has a term limit which, if passed, may result in the termination of the policy coverage.

If you have selected a specific age that you want to be covered for, the premium for the death and its total, as well as permanent disability riders, are guaranteed throughout. However, critical illness riders are not guaranteed as future premium costs for these riders are subjected to future claim experience.

While the more common type of insurance to cover mortgage liability will be Mortgage Reducing Term Assurance (MRTA), the difference in premium between a reducing term and a term life insurance policy may not differ significantly. Hence it may be more worthwhile to get level-term insurance depending on your circumstances.

Level-term life insurance pays out a fixed lump sum to your beneficiaries if you die within the term of the policy, whereas with decreasing-term insurance the level of payout reduces throughout the term.

You should get enough to cover your family expenses until your dependents are self-sufficient and also enough to cover your mortgage liabilities so that when you are no longer around to provide for your family, the payout from the term insurance plan will be able to provide for them.

Yes, most companies allow coverage of term insurance in Singapore for children as young as one-month-old. Certain companies require the insured to be at least 18 years old to be covered. You can be the proposer and payor while passing on responsibility and ownership to your children when they become an adult.

There are many reasons why you should get life insurance coverage – the main reason is to provide financial stability to your dependents should you die or become unable to work due to your disability or illnesses. Other reasons can be to ensure your liabilities, such as your mortgage loans, are fully paid upon your death, so your dependents will not have to inherit the burden.

Business owners or corporations can get protection for their key staff in order to provide compensation for their family members or themselves within their employment period.

Given the cost and time-specific requirements, getting a term life insurance policy may be the most efficient and economical way for an individual or company to manage a part of their financial risks.

A direct purchase term insurance plan is where you can directly purchase from the insurance company without going through an insurance agent. A non-DPI term plan can offer some benefits that a DPI (Direct Purchase Term Insurance) plan cannot, such as the addition of riders to provide more comprehensive coverage and the option to provide a higher sum assured for a longer term. Direct Purchase is usually cheaper but it’s worthwhile to make the comparison between DPI and Non-DPI.

Both term life and whole life insurance provide more than just the basic death benefit and disability coverage to add to your protection portfolio. A term insurance policy is better if your purpose in purchasing is just to get adequate coverage within a specific period, especially on death and disability. A whole life insurance plan is more suitable for people with a focus on providing lifetime coverage where premiums can be paid off within a specific period. A whole life insurance plan can be customised to include limited premium payment terms, multiplier benefits as well as critical illness riders. The cash value feature can be used later on as an option for retirement needs. Premiums for whole-life insurance plans are typically higher.

Click on ‘Get a quote’ and an expert and seasoned financial advisor will provide you with objective advice and get you quotes from different companies for you to compare. It is 100% free with no obligation on your end.

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