The Best Insurance Plans in Singapore for 2023 (All Categories)

An updated list of the best insurance plans and policies across insurance companies

Ensure that your insurance premiums are well spent with our review of the best insurance plans you can find in Singapore.

The Best Insurance Plans in Singapore by Individual Product Categories

This list of the best insurance plans in Singapore is constantly updated to keep you informed of the insurance policies that provide outstanding value to you.

The categories of insurance plans presented in order of sequence and covered in this article include:

  • The Best of Whole Life Insurance Plans in Singapore
  • The Best of Endowment Savings Plans in Singapore
  • The Best of Investment-Linked Policies (ILPs) in Singapore
  • The Best of Retirement Annuity Income Plans in Singapore
  • The Best of Integrated Shield Plans and Riders in Singapore
  • The Best of Term Life Insurance Plans in Singapore
  • The Best of Early Critical Illness Plans in Singapore

Keep your options open with policies reviewed from across all insurers based on features and benefits. It doesn’t hurt to compare before you commit, especially when it is 100% free!

Whole Life Insurance Plans – Best across insurance companies in Singapore

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.

The following reviews are available for whole life insurance plans selected across all insurance companies in Singapore:

  • The 3 Best Whole Life Plans in Singapore (Coverage and Wealth Features)
  • The 8 Best Whole Life Plans in Singapore (Based on Products Features)

With a lifetime of insurance coverage and guaranteed cash value upon surrendering of the policy, a whole life plan is your best option for protection and financial returns.

The 3 Best Whole Life Plans in Singapore (Coverage and Wealth Features)

Only the best whole life plans with an excellent balance of insurance coverage and long-term wealth accumulation features are featured in this list.

The featured whole life plans are great for those seeking a general “all-in-one” solution without wanting to worry about the small things in life.

In-depth reviewThe 3 Best Whole Life Insurance Policies in Singapore for Insurance Coverage (2023 Edition)

The 8 Best Whole Life Plans in Singapore (Based on Product Features)

A comprehensive list of the 8 best whole life plans across all insurers in Singapore based on unique selling points. Find out about the most competitive coverage plans based on your individual protection needs.

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In-depth review: The 8 Best Whole Life Plans in Singapore based on Product Features (2023 Edition)

Endowment Savings Plans – Best across insurance companies in Singapore

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.

The following reviews are available for endowment savings plans selected across all insurance companies in Singapore:

  • The 3 Best Endowment Savings Plans in Singapore (Fixed Maturity)
  • The 3 Best Endowment Savings Plans in Singapore (Lifetime Wealth Accumulation)
  • The 7 Best Regular Insurance Savings Plans in Singapore (Based on Product Features)

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!

The 3 Best Endowment Savings Plans in Singapore (Fixed Maturity)

The endowment savings plans that provide the best financial returns when you absolutely need to have all your money at a specific year in the future.

In-depth review: The 3 Best Regular Savings Endowment Plans in Singapore with Fixed Maturity (2023 Edition)

The 3 Best Endowment Savings Plans in Singapore (Lifetime Wealth Accumulation)

Save only for a limit number of years, and watch your money continue to grow until you need to partially or fully withdraw for all your life needs.

In-depth review: The 3 best Savings Endowment plans in Singapore with Lifetime Accumulation (2023 Edition)

The 7 Best Insurance Savings Plans for Regular Savings (By Product Features)

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Compared to banking accounts, insurance savings plans provide high and stable financial returns in return for your commitment to saving regularly.

In-depth review: The 7 Best Insurance Savings Plans in Singapore for Regular Savings (2023 Edition)

Investment Linked policies (ILPs) – Best across insurance companies in Singapore

Better start early if you are looking for insurance coverage and long-term wealth accumulation. Investment-linked policies are best for risk takers that expect no cap on their investment returns.

The 3 Best Investment Linked Policies in Singapore for Coverage and Wealth Accumulation

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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!

In-depth review: The 3 Best Investment Linked policies in Singapore for Coverage and Wealth Accumulation (2023 Edition)

Retirement Plans and Annuity Policies – Best across insurance companies in Singapore

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.

The following reviews are available for retirement annuity plans selected across all insurance companies in Singapore:

  • The 3 Best Retirement Plans in Singapore (Highest Income Payout)
  • The 3 Best Retirement Plans in Singapore (Increasing/ Inflation-proof Payout)
  • The 3 Best Retirements Plans in Singapore (Guaranteed of Principal Withdrawal)
  • The 3 Best Retirement Plans in Singapore (Lifetime Income Payout)
  • The 3 Best SRS Retirement Plans in Singapore (CPF SRS-Approved)
  • The 5 Best Insurance Plans for Retirement Income in Singapore (All Categories)

In the event of doubt, just remember that retirement plans provide the most financial benefits when you start early.

Read about: The complete guide to retirement planning in Singapore (2023 Edition) *NEW*

The 3 Best Retirement Plans in Singapore (Highest Income Payout)

The annuities featured below are highlighted for their outstanding financial returns and/or product features within the range of retirement plans that pay a high income during your retirement.

In-depth reviewThe 3 Best Retirement Plans in Singapore for Income and Features (2023 Edition)

The 3 Best Retirement Plans in Singapore (Increasing/ Inflation-proof Payout)

The annuities featured below are highlighted for their outstanding financial returns and/or product features within the range of retirement plans that offer an increasing payout over time.

In-depth review: The 3 Best Retirement Plans in Singapore for Inflation-proof payout (2023 Edition)

The 3 Best Retirements Plans in Singapore (Guaranteed of Principal Withdrawal)

The annuities featured below provide a stream of guaranteed income when you leave your principal sum untouched, yet the option of collecting back all or most of the principal paid when you like to.

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In-depth review: The 3 Best Retirement Plans in Singapore for Guaranteed Principal withdrawal (2023 Edition)

The 3 Best Retirement Plans in Singapore (Lifetime Income Payout)

The retirement annuities featured below provide a lifetime of income starting at age 65. Wherever possible, plans with higher guaranteed and overall income payout is preferred. Long-term care features that provide additional income payout are also given preferences for this list.

In-depth review: The 3 Best Retirement Plans in Singapore for Lifetime Income Payout (2023 Edition)

The 3 Best SRS Retirement Plans in Singapore (CPF SRS-Approved)

A CPF SRS-approved retirement plan allows you to generate higher returns on your SRS funds for your retirement needs. Why let your SRS savings sit in your bank account when you can have a lump sum payout or a regular stream of income during your retirement?

In-depth review: The 3 Best SRS-approved Retirement Plans in Singapore (2023 Edition)

The 5 Best Insurance Plans for Retirement Income in Singapore (All Categories)

Some insurance plans are better than others when it comes to planning for your retirement. We provide a list of the best insurance plans across all categories of products that suit the general goal of retirement planning.

In-depth reviewThe 5 Best Insurance Plans in Singapore for Retirement Income (2023 Edition)

Integrated Shield Plans and Riders – Best across insurance companies in Singapore

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.

Accessed the updated FAQs on Integrated Shield Plan and Integrated Shield Plan riders.

The 3 Best Integrated Shield Plans in Singapore for Medical and Hospitalisation Benefits

In-depth review: The 3 Best Integrated Shield Plan and riders in Singapore (2023 Edition)

More on Integrated Shield Plans
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Term Life Insurance Plans – Best across insurance companies in Singapore

Term life insurance plans provide the best cost to coverage ratio, at the expense of not generating a cash surrender value for your future years. As such, it is an excellent option for those that require coverage, yet facing budget issues for financial planning.

The 8 Best Term Life Insurance Plans in Singapore (By Product Features)

In-depth review: The 8 Best Term Life Insurance Plans in Singapore based on Product Features (2023 Edition)

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Early Critical Illness Plans – Best across insurance companies in Singapore

Early critical illness plans provide coverage against all stages (early, immediate and advance) of a critical illness. Find out about the best early critical illness plans across all insurers in Singapore.

The 5 Best Early Critical Illness Plans in Singapore (By Product Features)

In-depth review: The 5 Best Early Critical Illness Plans in Singapore based on Product Features (2023 Edition)

What should you look out for when taking up a new insurance plan?

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.

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:

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Which type of insurance plans is the most suitable for you?

Read about where to start with financial planning or why a financial budget should not stop you from getting essential coverage and financial planning. Financial planning is not that hard when you have an idea of 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)

What are the best insurance plans based on your needs?

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 licensed financial advisers are 100% free.

*For a limited time, get attractive incentives when you take up any product that is proposed by our team of financial planners.

We compare insurance plans from all leading insurers in Singapore!

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