Compare Best Term Insurance Singapore (2022)

Moneyline.SG Compare over 15 Life insurers to get you the best term life insurance plan in Singapore

Learn about the different term life insurance plans and compare term life insurance plans from different insurers to find the best term life insurance in Singapore.

axa term 40% perpetual discount

Why Get Term life insurance plan?

Get the Cheapest Coverage for Your Term Insurance 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 30 Years Old Non-Smoker

Permutation: 1,000,000 Death & Disability 500,000 Critical Illness Coverage till Age 65

InsurerMale Annual PremiumFemale Annual Premium
China Taiping$1,654$1,635
Tokio Marine$1,485$1,488

What should you look out for when buying a term insurance?

  • 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.

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 product 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’ve selected a specific age to be covered to, the premium for the death and it’s total and permanent disability riders are guaranteed throughout. However, critical illness riders are not guaranteed as future premium cost for these riders are subjected to future claim experience.

While the more common type of insurance to cover for Mortgage liability will be MRTA or Mortgage Reducing Term, the premium difference between Reducing Term and a normal Term insurance may not differ significantly, hence it may be more worthwhile to get a level term insurance depending your circumstances

Reducing term will reduce over time while you pay the same premium every year, level term insurance provides level coverage throughout.

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

Yes, most companies allowed coverage of term insurance for children as young as 1 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 loan, is fully paid upon your death so your dependents will not have to inherit the burden.

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

Given the cost and time specific requirement, getting a term life insurance 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, there are certain limitations to a direct purchase term insurance plan where a non dpi term plan can offer, such as, the addition of riders to provide more comprehensive coverage and the option to provide a higher sum assured and longer term. Direct Purchase are usually cheaper but it’s worthwhile to make comparison between DPI and Non-DPI

Both term life and whole life insurance provides more than just basic death and disability coverage to add into your protection portfolio. A term insurance 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 is suitable for people with focus on providing lifetime coverage where premium can be paid off within a specific period. Whole life insurance plan can be customized to include limited premium payment term, multiplier benefits as well as critical illness riders, the cash value feature can be used later as an option for retirement needs. Premium for whole life insurance plan are typically higher.

Click on get quotes and an expert and seasoned financial advisor will provide you with objective advise and get you quotes from different companies to compare. 100% free & no obligation.

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