Get the cheapest

disability income insurance plan

We identify the single cheapest most economical disability income insurance plan in Singapore with the lowest premium

disability income Insurance Overview

Disability income insurance provides financial protection by replacing a portion of your income if you’re unable to work due to illness or injury. Initially, for the first 24 months, the insured must be completely unable to perform their own occupation due to illness or injury. After this period, the definition expands to include the inability to work in any occupation suited to their skills, education, or experience. To qualify, the insured must not be earning any income from work, whether declared or undeclared. A Registered Medical Practitioner appointed by the insurer. must confirm the diagnosis for benefits to be payable.

Most overlooked plan

Disability income insurance plan has been around for awhile but most customers are unaware or never hard of such a plan. It covers literally the inability to earn an income due to disability.

Occupational definition

You receive a portion of your monthly income if you are unable to work in your current occupation due to partial or total disability. this can be due to injury or illnesses.

pay cut Top Up

Disability income insurance continues to pay a portion of the sum assured if you return to work but earn less than your pre-disability monthly income. Making it more worthwhile to work.

Cheapest Disability Income Plan in Singapore

Singlife Disability Income

How it works
Singlife Disability Income provides coverage of up to 75% of your income if you become disabled and unable to work. It also includes a partial disability benefit, ensuring continued payouts if you return to work but haven’t fully recovered.

Features
While receiving payouts, you are exempt from paying premiums, and a Partial Disability Benefit ensures continued payments if you return to work but haven’t fully recovered. You can also opt to increase your monthly payout by 3% annually to keep up with inflation. Additional benefits include a S$5,000 death benefit and reimbursement for rehabilitation expenses like medical therapies and workplace modifications.

Promotion – Currently, Singlife offers a 35% discount on premiums, applicable now and for future renewals.

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Disability income insurance F.A.Q

Find answers to commonly asked questions about Disability Income Plan in Singapore

I am already covered by TPD rider and Careshield Life, why do i need this?

Disability income insurance provides monthly payouts if you are unable to work in your own occupation, while total and permanent disability (TPD) insurance offers a lump sum if you are entirely unable to work in any occupation or perform essential daily activities (ADLs). Similarly, Careshield provides monthly payouts upon disability, but its claims are based on ADL limitations rather than your inability to work. If you are unable to perform your job but do not qualify for a TPD or Careshield claim, disability income insurance ensures continued financial support, helping cover family expenses and mortgage payments to keep your household financially stable.

Can i buy or keep my disability income insurance if i am not working?

The policy will terminate upon the first occurrence of a two-year (24 months) Non-working Period, unless the Non-working Period is due to Total Disability.

How much Disability Income insurance coverage do I need?

The ideal coverage will at least be able to cover your own and your house hold expenses as well as your monthly mortgage instalments, you may also wish to include your rehabilitation and treatment cost not covered by other insurance plans.

Can i keep my disability income plan if i move overseas and work or change my occupation?

Yes, you can keep your disability income plan if you move overseas or change occupations. However, the insurer may reassess your residency and occupational risks, potentially adjusting your premium to reflect the new circumstances. It’s important to note that if you work in a higher-risk country or occupation, there is a possibility that your policy could be declined.

How do i apply and pay?

After our experts contact you via your form submission to clarify your needs and guide you through your options. You can then apply for this solution with them via online or face to face submission. Premium payments can be made via credit card (recurring setup), GIRO, Telegraphic Transfer, or bank transfer through online banking

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Get A Quote for Singlife Disability Income Insurance

Our licensed experts will provide you the quotation 100% free and no obligation. To start, you can easily retrieve your info via Singpass (for residents) or manually complete the form (non residents).