Singapore's Term Life Insurance Comparison Table (March 2017)

Article Author - Shawn Lee
By Shawn Lee
Mar 01, 2017

It is difficult to compare insurance policies between different companies.

To provide 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 table is updated monthly since we first published in 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 AIA AXA Life Great Eastern HSBC Insurance Manulife NTUC Income Prudential Tokio Marine
30 $1,182Apply - $1,250 $1,480 $1,560 $1,330 $1,465 $1,447 $1,474
35 $1,558Apply - $1,738 $1,760 $2,050 $1,859 $1,823 $1,800 $1,900
40 $2,071Apply $2,562 $2,247 $2,100 $2,820 $2,681 $2,273 $2,462 $2,533
45 $2,712Apply - $2,911 $3,190 $3,780 $3,391 $3,219 $3,152 $3,261

For a Female, Non-Smoker,

Annual premiums (S$):

Age Aviva AIA AXA Life Great Eastern HSBC Insurance Manulife NTUC Income Prudential Tokio Marine
30 $927 - $878Apply $900 $1,010 $938 $992 $941 $1,039
35 $1,155 - $1,174 $1,230 $1,350 $1,310 $1,269 $1,114 $1,347
40 $1,530 $1,665 $1,450 $1,610 $1,840 $1,825 $1,500 $1,396 $1,705
45 $1,871 - $1,823 $2,200 $2,400 $2,217 $2,135 $1,794 $2,147
*With information from and comparefirst. Figures are compiled on 1st March 2017. **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.

DIYInsurance by Providend Ltd

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.

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

Share this

Insurance Selfcheck (new)

Assess your existing insurance & Discover your needs

Start Selfcheck
Need Help?

Chat with us. We will answer your insurance questions!

Live Chat

Call Us

(65) 6309 2478

Add New Comment