Singapore Term Insurance Plan Comparison_Q2 2022
Level Term Insurance Plan Premium Comparison Tables
On this page, we show the various Singapore level term insurance plans premium rate comparison as of Q2 2022.
Most plans we included here are plain vanilla term plan which offers coverage that is level throughout the policy term.
This type of term insurance is among the easiest type of plans to compare.
This is because most other features are similar except for the premium rate. Thus, the most competitively priced plan is the most sought after.
In contrast, we will also compare mortgage reducing term plans on this other page here.
Term Insurance Comparison 1
Yearly Premium in SGD for
Male, Age Next Birthday 35, Non-Smoker
Sum Assured: S$500,000
Coverage: Death and TPD (Total & Permanent Disability)
How to read the table:
For example, for the AIA plan below:
- Premium Payment Term is equivalent to Policy Term.
- Policyholders will pay a yearly premium of $336 for 10 years.
- The lump sum payout in the event of Death or TPD is S$500k.
- The coverage lasts for 10yrs from age 35 to 45.
- The policy terminates at the end of 10 years or in the event of a claim.
Plan
Name
Term
- 10 years
- 20 years
- 30 years
- To age 99
AIA
- S$336
- S$476
- S$761
- N.A.
Aviva*
- S$322
- S$448
- S$736
- N.A.
AXA
- S$491
- S$577
- S$841
- S$2,645
CTPIS*
- S$241
- S$339
- S$484
- NA
Etiqa
- S$253
- S$334
- S$512
- S$2,421
FWD
- S$344
- S$391
- S$585
- S$2,997
HSBC
- S$373
- S$418
- S$528
- N.A.
Manulife
- S$320
- S$413
- S$626
- N.A.
NTUC
- S$407
- S$613
- S$1,033
- N.A.
TMLS*
- S$314
- S$360
- S$524
- N.A.
Important notes:
- *Aviva with Singlife || *CTPIS: China Taiping Insurance Singapore || *TMLS: Tokio Marine Life Insurance Singapore
- Yearly premiums shown are before discount except for FWD.
- The data tabulated is as of Q2 2022. For more information, please refer to the respective insurers’ website.
- Different parameters (eg. gender, age, years of coverage) will result in different premiums, please contact us or discuss with your FA/Agent for the premium that is applicable to your individual case.
Term Insurance Comparison 2
Yearly Premium in SGD for
Male, Age Next Birthday 35, Non-Smoker
Sum Assured: S$500,000
Coverage: Death and TPD (Total & Permanent Disability) and CI (Critical Illnesses)
Plan
Name
Term
- 10 years
- 20 years
- 30 years
- To age 99
AIA
- S$893
- S$1,751
- S$2,180
- N.A.
Aviva*
- S$888
- S$1,294
- S$1,895
- N.A.
AXA
- S$1,131
- S$1,593
- S$2,281
- S$5,570
China Life
- N.A.
- S$1,570
- S$2,235
- N.A.
CTPIS*
- S$722
- S$1,053
- S$1,575
- N.A.
Etiqa
- S$878
- S$1,114
- S$1,652
- S$4,936
FWD
- S$747
- S$1,037
- S$1,478
- S$5,124
HSBC
- S$788
- S$1,068
- S$1,475
- N.A.
Manulife
- S$847
- S$1,211
- S$1,670
- N.A.
TMLS*
- S$714
- S$1,010
- S$1,524
- N.A.
Term Insurance Comparison 3
Yearly Premium in SGD for
Male, Age Next Birthday 50, Non-Smoker
Sum Assured: S$500,000
Coverage: Death and TPD (Total & Permanent Disability)
Plan
Name
Term
- 10 years
- 20 years
- 25 years
- To age 99
AIA
- S$1,326
- S$2,257
- S$2,894
- N.A.
Aviva*
- S$1,207
- S$1,960
- S$2,373
- N.A.
AXA
- S$1,554
- S$2,461
- S$3,079
- S$6,832
CTPIS*
- S$855
- S$1,315
- S$1,673
- N.A.
Etiqa
- S$880
- S$1,340
- S$1,800
- S$5,221
FWD
- S$1,218
- S$1,678
- S$2,196
- S$7,373
HSBC
- S$1,262
- S$2,071
- S$2.327
- N.A.
Manulife
- S$1,025
- S$1,357
- S$2,535
- N.A.
NTUC
- S$1,398
- S$2,658
- S$3,167
- N.A.
TMLS*
- S$968
- S$1,460
- S$1,906
- N.A.
Term Insurance Comparison 4
Yearly Premium in SGD for
Male, Age Next Birthday 35, Non-Smoker
Sum Assured: S$1,000,000
Coverage: Death and TPD (Total & Permanent Disability)
Plan
Name
Term
- 10 years
- 20 years
- 30 years
- To age 99
AIA
- S$553
- S$784
- S$1,253
- N.A.
Aviva*
- S$508
- S$706
- S$1,160
- N.A.
AXA
- S$819
- S$965
- S$1,409
- S$4,370
CTPIS*
- S$404
- S$571
- S$851
- N.A.
Etiqa
- S$440
- S$580
- S$890
- S$4,210
FWD
- S$516
- S$584
- S$873
- S$4,893
HSBC
- S$475
- S$565
- S$786
- N.A.
Manulife
- S$480
- S$618
- S$937
- N.A.
NTUC
- S$646
- S$1,027
- S$1,396
- S$4,119
TMLS*
- S$435
- S$607
- S$860
- N.A.
This page Is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person.
The information contained in this webpage, including any data, projections and underlying assumptions are based upon certain assumptions, and analysis of information available as at the date of the webpage.
Please refer to Important Info / disclaimer here.
Date: 11th May 2022