7 Best Life Insurance in Singapore to Get the Necessary Protection [2024]

Life insurance ensures your loved ones get protection when you least expects it.

Singapore Business Owners


Getting a life insurance is important for individuals of all ages, especially more so if you have a family to take care of. Life insurance can provide a peace of mind for you and your family by providing protection when you least expect it.

There are 2 types of life insurance – term life and whole life insurance. Whichever one you choose, the purpose of both life insurance are similar – to provide financial protection for you and your family in the event you are diagnosed with total permanent disability, terminal illness, or if you pass on.

Check out the 7 best life insurance in Singapore for you and your loved ones.

1. AIA Guaranteed Protect Plus (III)

life insurance in Singapore
Type of InformationDetails
Website  https://www.aia.com.sg/en/our-products/life-protection/aia-guaranteed-protect-plus-iii.html
Highlights to note– Guaranteed financial security
– Defer payments of the premium
– Flexible coverage
Address1 Finlayson Green
Singapore 049246
Email (for enquiry)[email protected]
Contact Number1800 248 8000
Online Reviews382 DollarBureau Reviews (Average ratings: 4.2 / 5.0 stars)

AIA Guaranteed Protect Plus (III) is one of the best life insurance in Singapore, designed as a single solution that offers wider coverage to meet all your protection needs. It provides coverage for death and total and permanent disability, and allows you to boost this coverage by 2X, 3X or 5X for greater financial assurance up to age 65 or 75, while ensuring affordability.

You can select from 3 premium payment options to better suit your budget. Payments are highly flexible where you can choose to pay over 15, 20 or 25 years. Upon completion of premium payments, you can still continue to enjoy the benefits of the plan.

2. Etiqa ePROTECT Life Insurance

life insurance in Singapore
Type of InformationDetails
Website  https://www.tiq.com.sg/product/term-life-insurance/
Highlights to note– Protection against 30 Critical Illness
– Get full control over coverage and premium
AddressOne Raffles Quay, #22-01 North Tower,
Singapore 048583
Email (for enquiry)[email protected]
Contact Number+65 6887 8777
Online ReviewsValueChampion ratings: 4.0 / 5.0 stars

Etiqa ePROTECT Life Insurance allows you to choose your preferred sum insured, which ranges from S$50,000 to S$2 million. You can also choose your policy term from 5 years renewable, 20 years or up to age 65.

Etiqa also offers optional add-on cover, so that you and your family can better cope with medical expenses and living costs in the event you suffer from a specified medical condition. In the event of death, your family will also receive a lump sum payout, providing them the financial protection they need.

3. AXA Life Treasure (II)

life insurance in Singapore
Type of InformationDetails
Website  https://www.axa.com.sg/life-insurance/axa-life-treasure-ii
Highlights to note– Flexibility of payment options
– Advanced disability payout
– Additional cover with no underwriting
Address9 North Buona Vista Drive, #18-01/06,
Tower 1 The Metropolis,
Singapore 138588
Email (for enquiry)https://www.axa.com.sg/customer-care/contact-us
Contact Number1800 880 4888
Online Reviews283 DollarBureau Reviews (Average ratings: 4.3 / 5.0 stars)

As one of the best life insurance in Singapore, AXA LIFE TREASURE (II) is a customisable whole life plan that offers flexibility to multiply your sum assured and enhance your critical illness coverage. Their payments terms are highly flexible where you can choose to pay over 10, 15, 20, 25 or 30 years.

In the event that you are unable to carry out 2 out of 6 Activities of Daily Living, you will receive an advanced disability payout. You can also choose to boost your coverage by purchasing selected AXA plans upon significant life stage events without underwriting.

4. NTUC Income Star Secure

life insurance in Singapore
Type of InformationDetails
Website  https://www.income.com.sg/life-insurance/star-secure
Highlights to note– Five levels of protection
– Add riders to get more protection
– Choose how long you want to pay for the premiums
AddressMultiple branches
Email (for enquiry)[email protected]
Contact Number+65 6788 1122
Online Reviews283 DollarBureau Reviews (Average ratings: 4.2 / 5.0 stars)

NTUC Income Star Secure offers five levels of protection, of up to 500% of your sum assured. You can choose how long you want to pay for the premiums, from 5 to 30 years (in intervals of five) or up to age 64.

In the event of death, diagnosis of terminal illness or total and permanent disability of a family member, future premiums will be waived and you will be able to receive a lump sum of 24 months of premiums.

5. Prudential PRUActive Life II

life insurance in Singapore
Type of InformationDetails
Website  https://www.prudential.com.sg/products/life-insurance/whole-life-insurance/pruactive-life-iii
Highlights to note– Comprehensive protection
– Optional supplementary benefits 
– Flexible Premium Payment Term
Address7 Straits View #06-01, Marina One East Tower, Singapore 018936
Contact Number+65 6333 0333
Online Reviews413 DollarBureau Reviews (Average ratings: 4.1 / 5.0 stars)

With over 90 years of experience in the insurance industry, Prudential PRUActive Life II is a whole-of-life plan that gives you multiplied assurance when you need it most. They offer customisable whole-of-life insurance plan that is designed to meet your growing needs, and provide you and your loved ones comprehensive protection at every stage.

Get to choose your premium payment term between 5 to 35 years to meet your unique needs, and also have the option to defer your premium payment, interest-free for up to 2 years without disrupting your coverage.

6. Manulife LifeReady Plus II

life insurance in Singapore
Type of InformationDetails
Website  https://www.manulife.com.sg/en/solutions/life/whole-life-insurance/life-ready-plus.html
Highlights to note– Financial Flexibility
– Retrenchment Benefit
– Critical Illness Coverage Option
Address8 Cross Street #15-01
Manulife Tower
Singapore 048424
Email (for enquiry)[email protected]
Contact Number+65 6833 8188 
Online Reviews323 DollarBureau Reviews (Average ratings: 4.5 / 5.0 stars)

Manulife LifeReady Plus II wants to help you plan for every stage of your life. They offer comprehensive coverage that can be customised to meet all your needs. You can stack up your protection by up to 5X your basic sum insured, with the option for additional riders including coverage for Critical Illness.

Should you wish to get additional coverage, they offer a wide range of critical illness riders that pay a lump sum or waive your future premiums in the event that critical illness strikes. In the event that you or your spouse is retrenched and unemployed for 30 days or more, before turning age 65, 6 months of your premiums will be waived while coverage continues.

7. FWD Term Life Plus Insurance

life insurance in Singapore
Type of InformationDetails
Website  https://www.fwd.com.sg/life-insurance/enhanced-term-life-insurance/
Highlights to note– No medical examination required
– Fixed or renewable terms
– Uninterrupted coverage – waiver of premium
AddressFWD Singapore Pte Ltd
6 Temasek Boulevard, #18-01
Suntec Tower Four
Singapore 038986
Email (for enquiry)[email protected]
Contact Number+65 6820 8888
Online Reviews1295 FWD Reviews (Average ratings: 4.5 / 5.0 stars)

With FWD Term Life Plus Insurance, you can get up to S$1.5 million of coverage, from as low as $1 a day, without the need for a medical check-up if you are in the pink of health. FWD also offers additional coverage with optional benefits to protect yourself if you are diagnosed with a critical illness or become unable to work due to a total and permanent disability.

FWD Term Life Plus Insurance offers both fixed and renewable terms for their policy. If you are looking at fixed term, your premium will remain the same over the policy period you choose. As for the renewable term, your premium will change every year, allowing you to start with a lower premium.


Do you have any reviews and comments to share regarding our choices for the best life insurance in Singapore?

While SBO is committed to supporting our local businesses, we welcome any feedback and anonymous sharing regarding your experience with the listed life insurance in Singapore.

We hope that this guide will be useful in helping you to make an informed decision when it comes to finding the best life insurance in Singapore.

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