Best Term Insurance Singapore 2026

Get $1, 000, 000 Death & Permanent Disability from just $2/ day*

 
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*premium is based on age 35 male non smoker

*Digital Application is Available Should You Prefer Non Face-Face Meetings Due to COVID-19

Lifetime Term insurance discount

Competitive Quotes Over 15 Life Insurers

Life is full of uncertainties, and it’s crucial to have a reliable insurance plan to navigate through the ups and downs and achieve our long-term aspirations.

At Tree Of Wealth, we conduct a thorough comparison of more than 15 life insurers to assist you in acquiring the most suitable Term insurance plan that aligns with your unique requirements.

retirement plans
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Why Is Term Insurance Essential?

Mortgage Loans – Term insurance protects homeowners and their families from the consequences of unpaid liabilities. It prevents the loss of homes in case of the homeowner’s death or disability. If a mortgaged homeowner dies, their family may face financial struggles, risking repossession and homelessness.

Dependents – In case the breadwinner who supports a homemaker spouse and school-going children, passes away. It ensures the family’s financial stability by covering expenses, livelihoods, and education. Insufficient life insurance can lead to financial struggles, debt, and difficulties paying school fees, which can hinder the children’s education.

Legacy & Estate Planning – Term insurance until age 99 offers families the opportunity to leave a significant inheritance for their children and future beneficiaries. Singapore’s global competitiveness in areas like education, finance, business, and healthcare makes this option worthwhile for families aiming to provide their descendants with a competitive advantage and a strong start in life.

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Universal Live Insurance – A Complete Guide

How Term Insurance Plan Supports You

Term Insurance provides a cost-effective solution to ensure financial stability and enhance coverage for specific life events. It can be utilized to increase coverage due to a new dependent or mortgage loan liability.

High coverage at a low cost.

With term life insurance, you can receive maximum coverage at a minimal cost.

Flexible Coverage Period

Customize your term life insurance plan in Singapore by selecting the coverage period of 10 to 30 years, or until age 65 or 100.

Customise Your Needs

Enhance your term life policy with riders like Total & Permanent Disability (TPD), Advance Stage Critical Illness, Early-Stage Critical Illness, Disability Income, Multiple Claim Critical Illness, Personal Accident, and Payor Waiver.

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Is your coverage sufficient for Death, TPD, or Critical Illness during your prime working years?

Cover remaining outstanding mortgage loan after you passed on?
Replace the loss of income of a Sole Breadwinner?
Protect your spouse's income or child's education from outstanding loans?
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8 important life Insurance jargon you need to know

Reliable Experts in Term Insurance Planning

Tailored Term Insurance Planning for Your Unique Family Situation: 

We analyze term insurance plans from multiple insurers, considering individual family circumstances, achievements, and future goals.

Compare term life insurance policies in Singapore to find the best plan, taking into account various insurers’ offerings.

 Let us elevate your goals.

Competitive Quotes Over 15 Life Insurers

Life is full of uncertainties, and it’s crucial to have a reliable insurance plan to navigate through the ups and downs and achieve our long-term aspirations.

At Tree Of Wealth, we conduct a thorough comparison of more than 15 life insurers to assist you in acquiring the most suitable term insurance plan that aligns with your unique requirements.

retirement plans
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✓ Covers Death & TPD ✓ Stand-alone Plans Available ✓ Medical Underwriting Required
Singlife
Singlife
Elite Term II
▶ High SA flexibility with multi-currency option
Coverage
Up to Age 99
Early CI
✓
Multi-Pay CI
✓ Up to 900%
Promotion
Up to 35% Perpetual Discount
HSBC Life
HSBC Life
Term Protector
▶ Lower SA customisation with indexation option
Coverage
Up to Age 99
Early CI
✓
Multi-Pay CI
✓ Up to 600%
Promotion
40% Perpetual Discount
China Taiping
China Taiping
I-Protect / I-Assure 99
▶ Legacy / guaranteed payout at age 100
Coverage
Lifetime (Age 100)
Early CI
✓
Multi-Pay CI
✗
Promotion
Available
FWD
FWD
Future First
▶ High CI sum assured with future disease coverage
Coverage
Up to Age 100
Early CI
✓
Multi-Pay CI
✓ Up to 200%
Promotion
Up to 35% Lifetime Discount (Non-Renewable)
NTUC Income
NTUC Income
TermLife Solitaire (TBN2)
▶ Local brand trust with rewards programme
Coverage
Up to Age 100
Early CI
✓
Multi-Pay CI
✗
Promotion
35% Perpetual Discount (Base Premium)
Manulife
Manulife
ManuProtect Term (II)
▶ Smokers planning to quit and conversion flexibility
Coverage
Up to Age 65, 75 or 85
Early CI
✗
Multi-Pay CI
✗
Promotion
None
Tokio Marine
Tokio Marine
TM Term Assure (II)
▶ Value with child protection rider
Coverage
Up to Age 70, 75 or 85
Early CI
✓
Multi-Pay CI
✓
Promotion
40% Discount for First 3 Years (Level Term)
Etiqa
Etiqa
Essential Term Life Cover
▶ Budget-conscious individuals with ECI riders
Coverage
Renewable to Age 85
Early CI
✓
Multi-Pay CI
✗
Promotion
29% Perpetual Discount
China Life
China Life
Term Guardian
▶ Affordable straightforward death/TI/TPD from established global insurer
Coverage
Up to Age 64
Early CI
✗
Multi-Pay CI
✗
Promotion
None
Singlife with Aviva

Singlife with Aviva
Singlife Elite Term

30% Lifetime Discount Now On

Coverage Term
5,10, 11 – 85 years or To Age 99
Early CI (Single Pay) Option
Yes
Multiple Pay CI Option
Yes
Promotion
30% Perpetual Discount
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Etiqa Insurance

Etiqa
Essential Term Life Cover

29% Lifetime Discount Now On

Coverage Term
5,10, 11 – 85 years, To Age 99
Early CI (Single Pay) Option
Yes
Multiple Pay CI Option
No
Promotion
35% Perpetual Discount
Learn More

HSBC Life
Term Protector

40% Lifetime Discount Now On

Coverage Term
Renewable 5 – 30 years. To Age 50/55 Up To 100
Early CI (Single Pay) Option
Yes
Multiple Pay CI Option
Yes
Promotion
40% Perpetual Discount
Learn More
China Life Insurance Singapore

China Life
Term Guardian​

Coverage Term
5/ 20 years & Up To Age 65
Early CI (Single Pay) Option
No
Multiple Pay CI Option
No
Promotion
No
Learn More
Tokio Marine

Tokio Marine
Term Assure II​

Coverage Term
5, 10, 11 – 85 years
Early CI (Single Pay) Option
Yes
Multiple Pay CI Option
Yes
Promotion
30% Discount For 3 Years
Learn More
china taiping

China Taiping
i-Protect Term​

Coverage Term
5, 10, 11 – 40 years. To Age 65/75/85
Early CI (Single Pay) Option
Yes
Multiple Pay CI Option
No
Promotion
25% 1st year premium discount
Learn More

NTUC Income
iTerm​

Coverage Term
10 – 40 years term & Up To Age 65, 75, 85 & 100
Early CI (Single Pay) Option
Yes
Multiple Pay CI Option
No
Promotion
No
Learn More

Manulife
ManuProtect Term II

Coverage Term
5-40 years & To Age 65, 75 or 85
Early CI (Single Pay) Option
NO
Multiple Pay CI Option
No
Promotion
No
Learn More

FWD
Future First

Coverage Term
Renewable 10 years or up to age 100
Early CI (Single Pay) Option
Yes
Multiple Pay CI Option
No
Promotion
35% Lifetime Discount for Non-Renewable Term
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Premiums at a Glance

Age 30, Non-Smoker

Sum Assured of $1m Death & Total Permaent Disability for 30 Years
Insurer Annual Premium Monthly Est.
SinglifeSinglife
 S$492.03 Lowest S$41.00
ManulifeManulife
 S$544.48 S$45.37
FWDFWD
 S$552.00 S$46.00
NTUC IncomeNTUC Income
 S$553.85 S$46.15
EtiqaEtiqa
 S$620.70 S$51.73
Tokio MarineTokio Marine
 S$646.00 S$53.83
HSBC LifeHSBC Life
 S$958.00 S$79.83
China TaipingChina Taiping
 S$1,350.10 S$112.51
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Here's what our clients say..

My friend referred me to Tree of Wealth and the Advisor is not only professional but also very knowledgeable in whole life, term insurance coverage, and critical illness across virtually all the insurers.

He took the time to understand our concerns and made sure they were addressed. The advice and portfolio planning he provided for us are suited to our financial needs. We definitely trust him and believe that my family and I are adequately covered.

Highly recommended!
tree of wealth testimonial
ClarenceSenior Family Physician
We engaged Tree of Wealth to assist us with our insurance plans. The Financial Advisor left a good impression by being very prompt and knowledgeable. What impresses me is that he is very concise with his advice, detailed comparisons, and is able to answer all our queries.

This is something that we seldom come across, with advisors taking the time and being patient to explain things to us.

The information on the site also helped me analyze my options and make the right financial decisions. Thank you so much!
tree of wealth testimonial
JoSelf Employed
I am incredibly grateful for my financial advisor. Not only is he highly professional, but he also possesses extensive expertise in term insurance and critical illness plans offered by various insurers.

What sets him apart is his dedication to understanding our specific concerns and going above and beyond to address them. He took the time to thoroughly explain our options and tailor his advice and portfolio planning to our unique financial needs.

I have complete confidence in our coverage & wholeheartedly recommend him to anyone seeking a knowledgeable and helpful financial advisor.
tree of wealth testimonial
Ms PehOffice Manager
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Get Best Term Insurance Quotes Now

Tailored to your needs, our MAS-Licensed Partner provides and customizes unbiased solutions and compare for you across various providers.

No Obligations & No Hidden Fees.

    Frequently Asked Questions

    To further customise and enhance your take and preference to make sure the coverage fits EXACTLY your concerns, here are the Supplementary/Rider Options:

    • Early Stage Critical Illness 
    • Advance Stage Critical Illness
    • Mutliple Payouts Critical Illness
    • Total and Permanent Disability (TPD)
    • Disability Income Payout
    • Premium Waiver

    Term insurance comes with a few features such as a guaranteed renewability, insurability and convertibility options. Find out below. 

    Best Term Insurance Plans Singapore 2025

    Understanding Life Insurance in Singapore: A Detailed Guide

    When selecting a term life insurance policy, it is essential to understand the difference between renewable and non-renewable coverage. Additionally, it is important to determine whether the riders are supplementary or accelerated to your basic coverage. In Singapore, some term insurance policies allow you to increase coverage without undergoing underwriting during specific life events, making them a more flexible option.

    Depending on the term period that you are being covered, for example 5/10 years, this option allows you to renew your coverage upon the due year for another 5/10 years without having to go through medical check-ups and underwriting. Premiums will be subjected to your new entry age. This is suitable for people who wants shorter and lower cost coverage up front and decide in the years to come whether they want to extend the coverage or not.

    Certain Insurers have this feature to allow you to convert the term coverage into a Whole Life or Savings/Endowment plan with Cash Value, providing further versatility should you change your mind or concerns in the upcoming years.

    Similar but different from the Guaranteed Renewability Option, Guaranteed Insurability Option (GIO) means you will be able to get additional coverage at regular intervals or life events without providing any proof of health eligibility. These are usually up to a certain amount of Sum Assured. They are:

    • Change in Marital Status
    • Purchase of New Property
    • New addition to family
    • Upon Graduating

    Term Insurance Coverage are flexible and versatile. They can fit into your needs for the length of coverage that you are looking at. The coverage term can range from a year to when you reach the age of 99.

    Don’t worry! Most people get themselves covered until the age range of 65 to 70. This is set in lieu of retirement and most financial liabilities like mortgage loans or even commitments to dependants have now been fulfilled.

    When it comes to life insurance, there are two types of coverage. They are are whole life insurance and term life insurance. So, you may be wondering, if they serve the same purpose, what are some key differences between the two? Which one should you get? Read more here: Term Life Insurance vs Whole Life Insurance: Which One Should You Get?

    No, Term Insurances do not have cash value/surrender values. However certain Term Insurances do pay you the total premiums/sum assured back should you reach the stipulated age required.

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