Get Quote For

Best Term Insurance Plan
in Singapore (2026)

Compare Quotes from Over 12 insurers, Get the Most Affordable Term insurance protection. Compare Renewable, Decreasing and Level Term Plans to Protect Your Loved ones.

GET MY FREE QUOTE

Term Insurance overview

Term plans provides essential support for dependents by covering household expenses and financial needs in the event of death, disability, or critical illness. Additionally, it can serve as mortgage protection, ensuring your family isn’t burdened with outstanding home loan debt. “‘Buy term, invest the rest‘ is one of the most overused phrases in financial planning, yet till today, it remains the most affordable way to safeguard your loved ones’ financial future.

GET QUOTE

Select Level or Reducing

Choose a reducing or level term policy to protect your family, mortgage liability, or business succession. Secure peace of mind, choose the timeline you prefer.

Add Riders

Enhance your term insurance by adding early and advance stages of critical illness, disability, or waiver riders. Enjoy simplified underwriting process for selected insurers.

Choose your time

Choose your coverage and payment duration. Term insurance offers renewable options with coverage extending to age 100, protecting you throughout your lifetime.

Why Choose Famwealth?

Compare Multiple Insurers
Independent and Unbiased
Expert Advice Available
100% No Obligation

GET QUOTE

Compare Term Insurance Plans Singapore

Sample Level and Reducing Term Insurance Quotes Covering 1,000,000 Death/Terminal Illness and Total Permanent Disability, Non Smoker Age 35 Covering till age 65, 3% Decreasing for Mortgage Insurance
Insurers	Female Monthly Premium	Male Monthly Premium
Manulife Manuprotect Decreasing II	$51.93	$55
Etiqa eProtect Mortgage	$59.33	$81.38
Income Mortgage Term	$70.70	$88.70
Singlife Elite Term II	$49	$62.40
HSBC Term Protector	$58.31	$84.31
Tokio Marine Term Assure II	$59.30	$81.30
Manulife ManuProtect Term II	$57.18	$73.98
Income Term Life Solitaire	$53	$72.20
FWD Future First	$54.90	$74.28
Etiqa Essential Term Life Cover	$59.33	$83.38
China Taiping i Protect	$59.35	$82.60
China Life Term Guardian	$80.65	$119.26

get all quote

Term Insurance F.A.Q

Find answers to commonly asked questions

What are the entry age for Term insurance?

Most insurers in Singapore allow you to buy term insurance from as early as 1 month old, with maximum entry age typically ranging between 60 and 75, depending on the insurer and policy type. Once accepted, coverage can often be renewed or extended up to age 85 or 100, depending on your plan.

Can foreigner buy term insurance in Singapore?

Yes, foreigners, whether residing in Singapore or not, may be eligible to purchase term insurance from most insurers in Singapore.

How much term insurance do i need?

As a general rule of thumb, your coverage should be at least 9 times your annual income for death and disability, and 4 times your annual income for critical illness. It’s also wise to factor in other financial responsibilities such as your mortgage, children’s education, and your spouse’s retirement needs when planning your protection. Our experts will assess your financial situation and recommend the most suitable protection strategy tailored to your specific needs.

What is the difference between a level and reducing term?

Level term insurance provides a fixed sum assured throughout the entire policy term, offering consistent coverage regardless of time. In contrast, Reducing term insurance features a decreasing sum assured, typically aligned with a repayment mortgage. For example, if you purchase a $1,000,000 policy, a level term plan will maintain that coverage amount for the full term. However, with a 30-year reducing term policy of $1,000,000, the coverage may reduce proportionally over time reaching approximately $500,000 after 15 years.

How is term insurance different from whole life insurance?

Term insurance covers you for a set period at lower premiums, with no cash value. Whole life insurance offers lifelong coverage plus savings and investment components.

Have more questions? Chat with us for instant answers to your financial queries!

SAY ‘HELLO’

Book a Family Wealth Review

Get Started

Best Term Insurance Planin Singapore (2026)