Compare Quotes from 10+ Insurers. Get the Most Affordable Term Insurance.
Compare Renewable, Decreasing and Level Term Plans to protect your loved ones. Our licensed experts customise insurance quotes from multiple providers — all for free, with no obligations.
“Buy term, invest the rest” remains the most affordable way to safeguard your loved ones’ financial future.
— Moneyline.SG Advisory TeamGet Your Free Personalised Quote
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Compare quotes from Singapore’s leading insurers
See How Affordable It Is
Term Insurance Costs Less Than You Think
Most Singaporeans overestimate the cost of term insurance. In reality, a healthy 30-year-old non-smoker can secure $500,000 of coverage for the price of a few coffees a month.
Use the sample calculator to get an indicative monthly premium. For your exact personalised quote from 10+ insurers, submit the form above and our licensed experts will respond within 24 hours.
* Sample premiums are indicative estimates only, based on a level term plan for a healthy individual. Actual premiums depend on insurer, underwriting, health status, and chosen riders. Submit the form for your actual personalised quote.
Why Term Insurance?
Essential Protection for Your Loved Ones
Term plans provide essential support for dependents by covering household expenses and financial needs in the event of death, disability, or critical illness.
Family & Income Protection
Choose a reducing or level term policy to protect your family, mortgage liability, or business succession. Secure peace of mind on the timeline you prefer.
Critical Illness & Disability Riders
Enhance your term insurance by adding early and advanced stages of critical illness, disability, or waiver riders for comprehensive coverage.
Most Affordable Protection
Term insurance offers the lowest premiums for the highest coverage. Choose your coverage amount and payment duration to fit your budget.
Flexible Coverage Duration
Renewable options with coverage extending to age 100. Choose fixed terms from 5 years to lifetime, protecting you throughout every life stage.
Simplified Underwriting
Enjoy simplified underwriting for selected insurers. Faster approval, less medical documentation, and quicker policy issuance.
Foreigners Welcome
Whether residing in Singapore or not, foreigners may be eligible to purchase term insurance from most insurers in Singapore.
Top Insurers Compared
Salient Features at a Glance
Here’s a snapshot of key features from leading insurers. Want the full comparison? Submit the form and we’ll customise it for your profile.
- Renewable 5/10-year terms or fixed to age 85/99
- 30% perpetual discount on Death & TPD for S$500K+ sum assured
- Limited Pay option (5/10 years or to age 65/75) with Surrender Benefit & Longevity Reward
- Multipay CI rider available — reduces overall premium vs standalone
- Increase sum insured at marriage, childbirth, or property purchase (GIO)
- Multi-currency: SGD, USD, GBP, EUR, AUD, HKD
- Complimentary S$250K term plan for surviving spouse for 2 years — unique in Singapore
- FWD Exclusive Recovery Programme: practical, emotional & professional support for families
- ECI rider with Reset Coverage Benefit — restores after 12-month no-claim period
- 35% perpetual discount on base premium
- Renewable 10-year term or fixed from 5 years to age 100
- Multi-currency: SGD, USD, GBP, AUD
- Widest range of riders: early CI, advanced CI, multi-pay CI up to 600% of sum assured
- Guaranteed Survival Payout rider — receive full sum assured if you outlive to age 99
- Counter-inflation Indexation Option to increase coverage yearly
- Convertible to whole life or endowment before age 60 without medical exam
- 8% perpetual premium discount on base policy & TPD rider
- Dual currency: SGD/USD
- 149 conditions covered across early, intermediate & advanced CI stages
- I Assure 99: lifetime coverage with guaranteed payout at age 100
- Surrender value available on I Assure 99
- Excellent balance between features and affordability
- 35% perpetual discount on base premiums — one of the highest in the market
- Fixed terms: 10, 15, 20, 25, 30, 35, 40 years or to age 64/74/84/100
- Essential coverage for death and terminal illness
- Additional riders for TPD, CI, and ECI
- 55,000 STAR$® (S$55 eCapitaVouchers) for annual premium $500+
- Quit Smoking Incentive: smokers enjoy non-smoker rates for first 3 years; quit by year 3 to lock in
- Renewable terms or level term from 11–40 years, or to age 65/75/85
- Convertible to whole life or endowment without medical exam
- TPD and CI riders available
- 5 or 10-year renewable terms, or fixed coverage from 11 years to age 85
- KidAssure GIO Rider: child coverage for death, diseases & hospitalisation; 80% premium reimbursement at maturity (age 19)
- 40% premium discount for first 3 years on level term policies
- TPD, CI, and ECI riders available
- Protection from S$401K+ (Essential) or direct purchase online (ePROTECT)
- One of the cheapest Early Critical Illness riders amongst peers
- 5-year renewable or fixed term — highly flexible policy terms
- Increase sum insured without new health proof at marriage, childbirth, or property purchase
- Convertible to longer-term plan without additional medical underwriting
Our licensed experts will send you a full side-by-side comparison customised to your age, gender, health, and coverage needs.
Simple Process
How to Get Your Free Quote
Skip the hassle — let us do the work for you.
Fill In Your Details
Verify your Singpass Myinfo or fill in the form manually with your basic information.
Expert Review
Our licensed experts review your needs and customise insurance quotes from multiple providers.
Compare & Choose
Receive personalised quotes within 24 hours. Compare side-by-side to find the best value.
Apply Online or In-Person
Apply via online or face-to-face submission. Pay via credit card, GIRO, AXS, or bank transfer.
Term Insurance in Singapore: What You Need to Know
Term insurance provides essential financial protection for a specified period. It’s designed to provide dependents with financial support by covering household expenses and daily living needs in the event of death, disability, or critical illness. Additionally, it can serve as mortgage protection, ensuring your family isn’t burdened with outstanding home loan debt.
Types of Term Insurance
Level Term Insurance provides a fixed sum assured throughout the entire policy term, offering consistent coverage regardless of time. Your premiums and payout remain the same from start to finish, making it ideal for general family protection and income replacement.
Reducing Term Insurance features a decreasing sum assured, typically aligned with a repayment mortgage. For example, if you purchase a $1,000,000 policy with a 30-year reducing term, the coverage may decrease proportionally over time — reaching approximately $500,000 after 15 years.
Renewable Term Insurance allows you to renew your coverage at the end of each term without undergoing medical examination. While premiums increase with each renewal period, it ensures continued coverage and peace of mind.
How Much Coverage Do You Need?
As a general rule of thumb, the Life Insurance Association (LIA) Singapore recommends your coverage should be at least 9 times your annual income for death and disability, and 4 times your annual income for critical illness.
Who Can Buy Term Insurance?
Most insurers in Singapore allow you to buy term insurance from as early as 1 month old, with maximum entry age typically ranging between 60 and 75. Foreigners, whether residing in Singapore or not, may also be eligible.
Term Insurance vs Whole Life Insurance
Term insurance covers you for a set period at lower premiums, with no cash value accumulation. Whole life insurance offers lifelong coverage plus savings and investment components, but at significantly higher premiums.
Frequently Asked Questions
Common Questions About Term Insurance
Most insurers in Singapore allow you to buy term insurance from as early as 1 month old, with maximum entry age typically ranging between 60 and 75. Once accepted, coverage can often be renewed or extended up to age 85 or 100.
Yes, foreigners, whether residing in Singapore or not, may be eligible to purchase term insurance from most insurers in Singapore. Leading insurers like FWD, Singlife, and HSBC Life also offer Non-Face-to-Face (NFTF) applications for eligible countries.
As a general rule of thumb, your coverage should be at least 9 times your annual income for death and disability, and 4 times your annual income for critical illness. Our experts will assess your situation and recommend the most suitable strategy.
Level term insurance provides a fixed sum assured throughout the entire policy term. Reducing term features a decreasing sum assured aligned with a repayment mortgage. A $1,000,000 level term maintains full coverage, while a 30-year reducing term of $1,000,000 may decrease to approximately $500,000 after 15 years.
Term insurance covers you for a set period at lower premiums, with no cash value. Whole life insurance offers lifelong coverage plus savings and investment components at higher premiums.
After our insurance experts contact you to clarify your needs, you can apply via online or face-to-face submission. Premium payments can be made via credit card (recurring setup), GIRO, AXS, or bank transfer.
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