We said it before, insurance plans and policies are not created equal. Why pay a higher premium for features or benefits you may not need? Even worse, having insufficient coverage or not meeting your financial goals and objective due to unnecessary commitment.
We got you covered for getting the best insurance plans and policies in Singapore.
While you can use our Compare NOW feature to get the 3 best quotes based on your requirements, continue reading for some of the highly rated insurance plans and policies by the InterestGuru.sg team.
It doesn’t hurt to compare before you commit, especially when it is 100% free!
Best within category
We sort out and list some of the insurance plans and policies across insurance companies. Access the comparison within the category or individual products via the links below:
Whole Life Insurance policies
Whole life insurance policies enable you to get insurance coverage with a coverage multiplier booster while accumulating a lump sum cash value consisting of a guaranteed and non-guaranteed nature.
Insurance coverages and guaranteed cash value if you surrender the policy at later life stages, what more can you ask for?
- Manulife LifeReady – Best overall
- Aviva MyWholeLifePlan II – Best in coverage *NEW*
- AXA Life Exentials – Best for additional accidental coverage
We know you are comparing between Term or Whole Life plans as well, so we already did an analysis on that.
Read about: 3 best whole life insurance policies in Singapore (Updated: 02/01/2018)
Saving plans and endowment policies
Get higher returns on your savings while fulfilling your future financial goals and objective. Withdrawal features may also be available to help out during a period of uncertainty. Make your funds work harder for you in saving plans or endowment policies tailored to your preferences.
Never underestimate the power of compounded returns on your saving!
- Aviva MySavingsPlan – Highest guaranteed returns
- Manulife ReadyPayout Plus – Best cashback features
- Great Eastern Flexi Endowment – Flexible premium terms
Read about: 3 best regular Saving plans and endowment policies in Singapore (Updated: 02/01/2018)
Investment Linked policies
Better start early if you are looking for insurance coverage and long-term wealth accumulation. Investment-linked policies are best for the risk takers that expect no cap on potential returns.
Investment Linked Policies are the most suitable options for young people that have started financial planning. You want that insurance coverage and investment features at the same time!
- AXA Pulsar – Best in wealth accumulation
- NTUC Income VivaLink – Best in low premium entry
- Aviva MyLifeInvest – Best in coverage and flexibility
Read about: 3 best Investment Linked policies in Singapore (Updated: 02/01/2018)
Retirement plans and annuity policies
When all you seek is assurance and a stable income upon retirement, look no further for a consistent and guaranteed high payout from the retirement plans and policies listed here.
Retirement Plans provides the most financial benefits when you plan early. And by early, we mean now!
- Manulife RetireReady – Best in flexibility
- AXA Retire Happy Plus – Best Inflation-proof features
- Aviva MyRetirement Choice – Best overall
Read about: 3 best Retirement plans and annuity policies in Singapore (Updated: 02/01/2018)
Integrated Shield Plan and rider
Upgrading your MediShield LIFE to enhance your hospitalisation and medical treatment coverage should be a top priority. This should be the first on the list of your things to do today.
- NTUC Income Enhanced Income Shield – Best in affordability
- Prudential PRUShield – Best in features
- Aviva MyShield – Best for entire family with free child coverage
Don’t settle for anything lesser than full coverage of your Deductibles and Co-insurance!
Read about: 3 best Integrated Shield Plan and riders in Singapore (Updated: 02/01/2018)
Accessed the updated FAQs on Integrated Shield Plan and Integrated Shield Plan riders.
Critical illness plans and policies
We are upgrading the list to better serve you!
Don’t take our words on any of the insurance plans and policies stated above, request for your individual quotes based on your financial goals and objectives.
What should you look out for when taking up a new insurance plan or policy?
We can’t stress enough that financial returns and policies benefits differ among insurance companies.
Depending on your health and insurance needs, financial goals and objectives, here are 3 things you should consider before taking up a new financial product.
For the detailed full list of how InterestGuru.sg compare insurance plans and policies across insurance companies in Singapore:
- How do we compare Whole Life insurance policies
- How do we compare Endowment and Saving insurance policies
- How do we compare Investment-Linked insurance policies
- How do we compare Retirement plans and Annuity policies
- How do we compare Term insurance policies
- How do we compare Integrated Shield Plans
- How do we compare ElderShield Plans
We are not expecting you to fully understand how insurance plans and policies works but here are some guides on insurance terms and jargons for those interested:
- Understanding your insurance policies (Part 1 of 2)
- Understanding your insurance policies (Part 2 of 2)
Not sure where to start or place your priorities?
Read to read about where to start with financial planning or why a financial budget should not stop you getting essential coverage and financial planning. Financial planning is not that hard when you have an idea what is important to you.
Read also: How can you beat inflation in Singapore
Read also: How can you achieve a million dollar in saving (Realistically)
Wish to let someone else do the job?
Let us compare and find the best insurance plans and policies based on your personal financial goals and objectives. Don’t worry, any financial products or service proposed by our partnered independent financial advisors are 100% free.
We compare quotations head to head on all leading insurers in Singapore