HSBC Life Term Protector Review

AXA Term Protector Review, term insurance singapore

Last Updated on by Tree of Wealth

Axa’s Term Insurance currently has a 40% perpetual discount! Contact us to find out how you can enjoy this perpetual offer!

Term insurance is a very flexible and useful protection tool to hedge against your life covering death, total permanent disability as well as critical illness against all stages. Axa’s Term Protector is also one of the more competitive one in the market. Read on to find out more!

Product Features and Benefits at a Glance

Coverage Term

  • Chose coverage term until age 50, 55, 60, 65, 70, 75 or 99 years old Or Renewable Term of 5, 10, 15, 20, 25, or 30 years.

Automatically renewed at the end of the coverage term

  • Guaranteed regardless of health condition.
  • No check-ups nor medical questionnaire required.
  • Premiums re-calculated at the renewed age.

Inflation Protection

Protect your loved ones/family members from inflation with Axa’s Indexation Option. Seems like an interesting concept with Axa’s effort to help policy holders fight rising costs that is moving with time.

How it works is your sum assured will increase together with the prevailing Singapore CPI  (Consumer Price Index) or at a fixed 5%, whichever is higher. Thus, your premium will also increase together along with the increased Sum Assured with your then age at the time of indexation. Indexation needs to be activated.

Axa will inform you accordingly as your premium and protection sum assured increase.

This is only available on for to age option (Chose coverage term until age 50, 55, 60, 65, 70, 75 or 99 years old)

Converting Your Policy

Option to convert them into another regular premium life insurance before turning 60 years old.

No medical underwriting needed

Subject to terms and conditions.

New policy’s sum assured will remain the same as the current Term Protector’s sum assured.

Multiple Currency Available



Entry Age:

AXA Term Protector: 1 month to 70 years old

AXA Term Protector Prime: 16 to 70 years old

Maximum Coverage Age – Up to 99 years old 3

Minimum Sum Assured

AXA Term Protector: S$100,000

AXA Term Protector Prime: S$2,000,000

Early Critical Illness (CI) Payout

Protection of critical illness from early to intermediate to advance stage is covered for, including Special benefits and Juvenile conditions. This coverage is accelerated and only for regular pay premium term (not available to single premium term, obviously). Accelerated payment means your total sum assured will be reduced, as the Early CI payout is accelerated from the total sum assured.

Advance CI Payout

Protection of critical illness only for advance stage is covered for. Same as early CI, this coverage is accelerated and only total sum assured will be reduced, as the CI payout is accelerated from the total sum assured.

Advance Total and Permanent Disability Payout

Protection for total and permanent disability (TPD), 3 out of 6 ADLs or loss of 2 limbs, TPD payout is accelerated.

Disability Cash Benefit

An annual cash benefit will be paid out when TPD occurs.

Critical Illness Plus Benefit

Add this to protect the other benefits of your main plan. In the event of a critical Illness diagnosis, a lump sum will be paid out without affecting the main sum assured and other benefits of the main plan.

Personal Accident Benefit

A payout will be received without affecting the main sum assured and other benefits of the main plan when accident occurs, be it injuries or death.

Guaranteed Survival Payout

Be reimbursed with the sum assured when you outlive the policy. Guaranteed issuance for this rider without medical questionnaire nor underwriting needed. Only for premium term until age 99

Premium Waiving Riders

Critical Illness PremiumEraser – Future premiums be waived when critical illness is diagnosed. Only for advanced stage critical illness.

Payer PremiumEraser – Future premiums will be waived off in the event of total and permanent disability, critical illness from early to intermediate to advanced stage, or death of the payer.

You have the choice to be covered in the event of involuntary loss of income, so your premiums for the next 6 months will be waived.

What We Like About The Plan

  • Coverage of $2, 000, 000 at competitive premiums.
  • Premium rates remain the same throughout the policy term.
  • Multiple payout for critical illness available

What We Don’t Like About The Plan

  • Premiums are not competitive below $1.5M

Conclusion For AXA Term Protector Review

As with all term life insurance plans, the suitability of this plan for you will largely depend on your needs and expectations. There are many term insurance plans in the market with many strong Insurers. Which one suits you the most?

To find the most suitable coverage, simply fill in the form below and our friendly licensed FA advisor will get in touch with you. Based on your needs, a custom made solution will be adjusted only addressing your concerns.

No obligations, no hidden fees. All advice are of no charges.


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