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Singapore's Term Life Plus Critical Illness Insurance Comparison Table (August 2017)


Article Author - Shawn Lee
By Shawn Lee
Aug 08, 2017

Compare Term Life plus Critical Illness Insurance Image

In this comparison table, we compare all Term Life with Critical illness insurance plans in Singapore.

While a hospitalisation plan helps to cover the costs of a hospital stay, a critical illness plan provides for post-hospitalisation treatment costs and alternative treatment needs in the event of a critical illness. A lump sum payout from a critical illness plan in your insurance coverage can also play the role of replacing your income and allow you time for recuperation.



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

  • Policy coverage till 70 years old
  • S$500,000 Death and Total Permanent Disability (TPD) Coverage
  • S$500,000 Critical Illness Coverage

Annual premiums (S$):

Age Aviva LogoAviva AIA LogoAIA AXA LogoAXA Life FWD LogoFWD Great Eastern LogoGreat Eastern HSBC Insurance LogoHSBC Insurance Manulife LogoManulife NTUC Income LogoNTUC Income Prudential Logo Prudential Tokio Marine LogoTokio Marine
Credit Rating (S&P unless stated) A- AA- AA- Fitch: BBB- AA- A+ AA- AA- AA A+
30 $1,742 - $2,085 $1,645 $2,250 $2,285 $2,086 - $2,710 $1,810
35 $2,344 - $2,793 $2,205 $2,985 $3,015 $2,664 - $3,405 $2,395
40 $3,294 - $3,652 $2,680 $3,475 $4,280 $3,690 - $4,610 $3,505
45 $4,362Apply - $4,961 $4,585 $4,615 $5,705 $5,069 - $6,095 $4,700


For a Female, Non-Smoker,

Annual premiums (S$):

Age Aviva LogoAviva AIA LogoAIA AXA LogoAXA Life FWD LogoFWD Great Eastern LogoGreat Eastern HSBC LogoHSBC Insurance Manulife LogoManulife NTUC LogoNTUC Income Prudential Logo Prudential Tokio Marine LogoTokio Marine
Credit Rating (S&P unless stated) A- AA- AA- Fitch: BBB- AA- A+ AA- AA- AA A+
30 $1,523 - $2,063 $1,515 $1,905 $2,385 $1,843 - $2,510 $1,915
35 $1,971Apply - $2,698 $2,115 $2,905 $3,210 $2,364 - $3,020 $2,420
40 $2,608 - $3,441 $2,465 $3,220 $4,285 $3,189 - $3,765 $3,275
45 $3,422Apply - $4,496 $4,205 $4,210 $5,220 $4,443 - $4,930 $4,255
*With information from www.diyinsurance.com.sg and comparefirst. Figures are compiled on 7th August 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.

We have used the following parameters for these reasons:

S$500,000 life coverage: This amount could be used to provide for your dependents, existing loans or as a gift to your beneficiaries. To find out how much you need, use this simple calculator.

S$500,000 critical illness coverage: This amount allows you to recuperate in the event of an critical illness or provide for alternative treatment needs. To find out how much you need, 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 $1million term life insurance comparison table, click here.


Credit Ratings Explained

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-


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