Singapore's Term Life Insurance Comparison Table (June 2018)


Article Author - Shawn Lee
By Shawn Lee
Jul 05, 2018

Compare Term Life Insurance Image

It is difficult to compare insurance policies between different companies.

To provide greater transparency, we launched this comparison table so that consumers can compare term life insurance policies across insurers in Singapore and make informed decisions when insuring themselves and their loved ones.

There are large price differences between the insurers. This comparison has been updated since November 2015.



We consider the following example of a Male, Non-Smoker:

  • Policy coverage till 70 years old
  • S$1million Death and Total Permanent Disability (TPD) Coverage

Annual premiums (S$):

Age

Aviva Logo AIA Logo AXA Logo FWD Logo Great Eastern Logo HSBC Insurance Logo Manulife Logo NTUC Income Logo Prudential Logo Singapore Life Logo Tokio Marine Logo
Credit Rating
(S&P unless stated)
A- AA- AA-

Fitch BBB-

AA- A+

AA-

AA-

AA

BBB

A+
30 $1,123 - $1,250 $1,100 $1,480 $1,326 $1,197 $1,465 $1,447 $1,411 $1,370
35 $1,481 - $1,738 $1,350 $1,760 $1,743 $1,674 $1,823 $1,800 $1,795 $1,670
40 $1,968 $2,562 $2,247 $1,660 $2,100 $2,397 $2,413 $2,273 $2,462 $2,322 $2,510
45 $2,577 - $2,911 $2,530 $3,190 $3,213 $3,052 $3,219 $3,152 $3,101 $2,830
  Learn more   Learn more       Learn more Learn more     Learn more


For a Female, Non-Smoker,

Annual premiums (S$):

Age

Aviva Logo AIA Logo AXA Logo FWD Logo Great Eastern Logo HSBC Insurance Logo Manulife Logo NTUC Income Logo Prudential Logo Singapore Life Logo Tokio Marine Logo
Credit Rating
(S&P unless stated)
A- AA- AA-

Fitch BBB-

AA-

A+

AA-

AA-

AA

BBB

A+

30 $881 - $878 $750 $900 $859 $845 $992 $941 $1034 $950
35 $1,098 - $1,174 $870 $1,230 $1,148 $1,179 $1,269 $1,114 $1,268 $1,140
40 $1,454 $1,665 $1,450 $1,110 $1,610 $1,564 $1,643 $1,500 $1,396 $1,584 $1,650
45 $1,778 - $1,823 $1,670 $2,200 $2,040 $1,996 $2,135 $1,794 $2,028 $2,080
  Learn more   Learn more       Learn more Learn more     Learn more
*With information from www.diyinsurance.com.sg and comparefirst. Figures are compiled on 4 June 2018. **Prices reflected in the table reflect ongoing existing promotions and discounts which are in the knowledge of. Data is generated based on date of birth on 1st January. ***Prices are not reflected for certain products due to individual product specification limitations.

You are advised to approach a financial advisor for his/her opinion on the features, details and current quotes of the products, to determine your needs or if you are considering to purchase, surrender or restructure your existing insurance policies. To seek advice from DIYInsurance, contact us by clicking here.

We have used the following parameters for these reasons:

S$1 million sum coverage: For those of us who are supporting our families, having S$1 million life coverage to provide for our dependents is not unthinkable. To find out how much you need, use this simple calculator.

Coverage until 70 years old: There comes a time in our life when our dependents (Eg. spouse and children) are no longer dependent on us and our existing assets and savings would be sufficient to provide for them should anything unexpected happen to us. 70 years old is a good estimate for how long we should cover ourselves with life insurance until.

To find out more about The Case for Term Insurance, click here.

Backed by key people with almost 2 decades of experience, all staff from DIYInsurance are salaried based. Not being remunerated on a commission-basis means there is no hard-selling and over-selling.

This is insurance based on no one's agenda except your own. Click here to compare Term Life Insurance.

For $500k term life insurance and critical illness comparison table, click here.


Credit Ratings Explained

Credit Rating: An insurance company credit rating is the opinion of an independent agency regarding the financial strength of an insurance company. An insurance company's credit rating indicates its ability to pay policyholders' claims.

S&P/Fitch Rating Rating description
AAA Prime
AA+ High Grade
AA
AA-
A+ Upper Medium Grade
A
A-
BBB+ Lower Medium Grade
BBB
BBB-


To read more content like this, subscribe to our mailing list.

DIYInsurance (Do It Your-way Insurance) is Singapore's First Life Insurance Comparison Web Portal started in June 2014 by Providend Ltd to empower people to make informed decisions about their own insurance purchases. In addition to ongoing promotions, we rebate 50% of the agent’s commissions back to our clients so that they enjoy greater cost savings.


The Trusted Place to be Insured

MAS-licensed since 2003 | Expert advisers to assist you | Advisers not commission-based | Dedicated after-sales service | Secure and easy process


Like this article? Don't forget to share.


Term or Whole Life?

A Comprehensive Consumer Guide to Life Insurance

The Case of Term vs Whole Life Insurance eBook
Learn about:
  • What types of insurance do you really need?
  • How should you plan for your insurance?
  • How long do you need coverage for?
  • How much insurance do you need?
Please provide Name
Please provide Email Please provide Valid Email
Need Help?

Chat with us. We will answer your insurance questions!

Live Chat

Call Us
Call Icon

(65) 6309 2478

Add New Comment

Go ahead and ask our non-commissions based planners!

Speak to us online

Live Chat

Call us on our hotline

6309 2478

Let us contact you

Send a message

Top