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.
- Best Whole Life Insurance Plan for Overall Features: Manulife LifeReady
- Best Whole Life Insurance Plan for Coverage Options: Aviva MyWholeLifePlan II
- Best Whole Life Insurance Plan for Lifelong Coverage: AXA Life MultiProtect
In-depth review: The 3 Best Whole Life Insurance Policies in Singapore for Insurance Coverage (2020 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.
- Best Whole Life Insurance Plan for Lifetime Coverage: AXA Life MultiProtect
- Best Whole Life Insurance Plan for Optional Insurance Riders: Aviva MyWholeLifePlan II
- Best Whole Life Insurance Plan for Highest Coverage Multiplier: TM Legacy LifeFlex
- Best Whole Life Insurance Plan for Cheapest Insurance premium: Manulife LifeReady
- Best Whole Life Insurance Plan for Shortest Payment Terms (5 yrs): Ntuc VivoLife
- Best Whole Life Insurance Plan for Highest Surrender Value: Aviva MyWholeLifePlan II
- Best Whole Life Insurance Plan for Savings/ Partial Withdrawal: Manulife ReadyBuilder
- Best Whole Life Insurance Plan for Seniors/ Age above 50s: NTUC Senior Plan
In-depth review: The 8 Best Whole Life Plans in Singapore based on Product Features (2020 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.
- Best Endowment Savings Plan for Highest Guaranteed Returns: Aviva MySavingsPlan
- Best Endowment Savings Plan for Cashback Features: Manulife ReadyPayout Plus
- Best Endowment Savings Plan for Flexibility of Premium Terms: Great Eastern Flexi Endowment
In-depth review: The 3 Best Regular Savings Endowment Plans in Singapore with Fixed Maturity (2020 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.
- Best Lifetime Endowment Savings Plan for Wealth Accumulation: Manulife ReadyBuilder
- Best Lifetime Endowment Savings Plan for Legacy Planning: Prudential PruWealth
- Best Lifetime Endowment Savings Plan for Break-even Period: NTUC Income VivoWealth Solitaire
In-depth review: The 3 best Savings Endowment plans in Singapore with Lifetime Accumulation (2020 Edition)
The 7 Best Insurance Savings Plans for Regular Savings (By Product Features)
Compared to banking accounts, insurance savings plans provide high and stable financial returns in return for your commitment to saving regularly.
- Best Insurance Savings Plan for Guaranteed Returns: Aviva MySaving Plan/ Aviva MyWealth Plan
- Best Insurance Savings Plan for Lifetime Financial Returns: Manulife ReadyBuilder
- Best Insurance Savings Plan for Lifetime Projected Returns: Prudential PruWealth
- Best Insurance Savings Plan for Partial withdrawal Benefits: Manulife ReadyPayout Plus
- Best Insurance Savings Plan for Lifetime Cashback Benefits: Aviva MyLifeIncome
- Best Insurance Savings Plan for Shortest Premium Term (3yrs): NTUC Income RevoEase
- Best Insurance Savings Plan for Investment Returns: AXA Pulsar
In-depth review: The 7 Best Insurance Savings Plans in Singapore for Regular Savings (2020 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
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!
- Best Investment Linked Policy for Wealth Accumulation: AXA Pulsar
- Best Investment Linked Policy for Budgeted Investors: NTUC Income VivaLink
- Best Investment Linked Policy for Insurance Coverage: Aviva MyLifeInvest
In-depth review: The 3 Best Investment Linked policies in Singapore for Coverage and Wealth Accumulation (2020 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 (2020 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.
- Best High-Income Payout Retirement Plan for Overall Features: Manulife RetireReady Plus
- Best High-Income Payout Retirement Plan for Income Multiplier Features: NTUC Income RevoRetire
- Best High-Income Payout Retirement Plan for Projected Income Payout: Aviva MyRetirement Choice
In-depth review: The 3 Best Retirement Plans in Singapore for Income and Features (2020 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.
- Best Inflation-proof Retirement Plan for Guaranteed Payout/ Overall Features: Aviva MyRetirementPlus
- Best Inflation-proof Retirement Plan for Projected Payout: Great Eastern Supreme Retirement
- Best Inflation-proof Retirement Plan for Initial Lump Sum Payout: AXA Retire Happy Plus (Inflated)
In-depth review: The 3 Best Retirement Plans in Singapore for Inflation-proof payout (2020 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.
- Best Principal Withdrawal Retirement Plan for Income Payout: Aviva MyLifeIncome
- Best Principal Withdrawal Retirement Plan for Overall Features: Manulife Signature Income
- Best Principal Withdrawal Retirement Plan for Additional Payout Features: NTUC Income VivoWealth Solitaire
In-depth review: The 3 Best Retirement Plans in Singapore for Guaranteed Principal withdrawal (2020 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.
- Best Lifetime Income Retirement Plan for Payout Period: Tokio Marine Retirement PaycheckLife
- Best Lifetime Income Retirement Plan for Guaranteed Income Multiplier: Aviva MyRetirement Choice
- Best Lifetime Income Retirement Plan for Highest Projected Income: AXA Retire Happy Plus (Level)
In-depth review: The 3 Best Retirement Plans in Singapore for Lifetime Income Payout (2020 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?
- Best SRS Retirement Plan for Additional Disability Income: Manulife RetireReady Plus
- Best SRS Retirement Plan for Inflation-proofed Income (Lifetime): AXA Retire Happy Plus
- Best SRS Retirement Plan for Highest Income Payout: Aviva MyIncomePlus
In-depth review: The 3 Best SRS-approved Retirement Plans in Singapore (2020 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.
- Best Insurance Plan for High Retirement Income: Aviva MyRetirement Choice
- Best Insurance Plan for Inflation-proofed Retirement Income: GE Supreme Retirement
- Best Insurance Plan for Lump Sum Retirement Payout: Manulife ReadyBuilder
- Best Insurance Plan for Flexibility of Withdrawing Capital: Aviva MyLifeIncome
- Best Insurance Plan for Additional Retirement Income: NTUC Income RevoRetire
In-depth review: The 5 Best Insurance Plans in Singapore for Retirement Income (2020 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
- Best Integrated Shield Plan for Affordability: NTUC Income Enhanced Income Shield
- Best Integrated Shield Plan for Overall Features: Prudential PRUShield
- Best Integrated Shield Plan for Entire family Coverage: Aviva MyShield
In-depth review: The 3 Best Integrated Shield Plan and riders in Singapore (2020 Edition)
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)
- Best Term Life Insurance Plan for Cheapest Premium: Aviva Term Protector
- Best Term Life Insurance Plan for Early Critical Coverage: Manulife Ready CompleteCare
- Best Term Life Insurance Plan for Lifetime Coverage: NTUC Income TermLife Solitaire
- Best Term Life Insurance Plan for Optional Riders: AXA Term Protector
- Best Term Life Insurance Plan for Covering Pre-existing Conditions: Prudential PRUvital cover
- Best Term Life Insurance Plan for Convertible Features: Manulife ManuSignature Term
- Best Term Life Insurance Plan for Limited Premium Terms: AXA Term Protector
- Best Term Life Insurance Plan for Premium Refund: Aviva MyProtector – Money Back
In-depth review: The 8 Best Term Life Insurance Plans in Singapore based on Product Features (2020 Edition)
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)
- Best Early Critical Illness Plan for Cheapest Premium: Aviva MyEarly Critical Illness Plan
- Best Early Critical Illness Plan for Comprehensive Coverage: Manulife ReadyComplete Care
- Best Early Critical Illness Plan for Multiple Insurance Claims: Aviva MyMultiPay Critical Illness Plan III
- Best Early Critical Illness Plan for Premium Wavier: Tokio Marine TM EarlyCover
- Best Early Critical Illness Plan for Seniors (age 50 and above): NTUC Income Silver Protect
In-depth review: The 5 Best Early Critical Illness Plans in Singapore based on Product Features (2020 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:
- Understanding how to read your insurance policies (Part 1 of 2)
- Understanding how to read your insurance policies (Part 2 of 2)
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 independent financial advisors 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!
