Etiqa Essential Whole Life Cover Review

The complete Pros and Cons on Etiqa Essential life cover

Etiqa Essential whole life cover is a whole life insurance plan providing a coverage of up to 400% of basic sum insured with limited-pay premium terms.

Etiqa Essential whole life cover product details

  • Life policy – Whole Life Policy
  • Choose from 5, 10, 15 or 20 years premium term.
  • Enjoy continuous protection against death, total & permanent disability (until age 70) and terminal illness. Essential whole life cover provides you the choice to multiply your protection by 200%, 300% or 400% of the basic sum insured, with a choice of duration till age 65 or 80.
  • Enjoy the option to purchase another plan at certain life stages without proof of good health, in the event of marriage, birth or adoption of your children or graduation from tertiary education.
  • Option of receiving regular yearly payments starting from the policy anniversary immediately after the life insured attains age 65, for a period of 10 years.
  • Enhanced your overage with Early CI protection rider, CI protection rider, Extra secure waiver and Extra payer waiver riders.

Read AboutWhole Life Policy: How does it work?

In-depth Review3 Best Whole Life Plans in Singapore for Insurance Coverages (2023 Edition)

Features of Etiqa Essential life cover at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No (Yes with rider)
Early Critical Illness: No (Yes with rider)

Health and Insurance Coverage Multiplier

Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: Yes
Early Critical Illness: Yes

Optional Add-on Riders

  • Early CI protection rider
  • CI protection rider
  • Extra secure waiver
  • Extra payer waiver riders

Additional Features and Benefits


For further information and details, refer to Etiqa website. Alternatively, fill-up the form below and let us advise accordingly.

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Etiqa Essential whole life cover may be suitable if you are looking for

Etiqa Essential whole life cover may potentially be a good fit if the following matters to you:

  • High protection for Death. Total and Permanent Disability, and Terminal Illness coverage
  • High Early Critical Illness, Critical Illness coverage in an Insurance Policy with riders
  • Health and Protection coverage due to a shortfall in your Insurance Portfolio
  • Accumulating cash value in the policy for financial returns in the long-term
  • Paying premiums only for a limited number of years and enjoying coverage for a lifetime

Read About: How much insurance coverage do you really need in Singapore *NEW*

In-depth Review: Term insurance vs Whole Life insurance – Which is better for you?

Etiqa Essential whole life cover may not be suitable if you are looking for

Etiqa Essential whole life cover may potentially be a bad fit if the following matters to you:

  • Liquidity or flexibility of withdrawal in your insurance policy
  • Access to cash from your policy on a regular basis
  • Insurance policy with a high surrender value in the early years of the policy
  • Potentially higher financial returns compared to a pure investment product

In-depth Review: 3 Best Endowment Savings Plans in Singapore with Lifetime Wealth Accumulation (2023 Edition)

In-depth Review: 3 Best Investment Linked Policies in Singapore for Wealth Accumulation (2023 Edition)

Further considerations on Etiqa Essential whole life cover

  • How are the investment returns of Etiqa or Etiqa Essential whole life cover based on historical performance?
  • How good is Etiqa Essential whole life cover compared to Whole Life Policy from other insurance companies?
  • Can Etiqa Essential whole life cover fulfill my financial insurance, health, and protection needs?

The above information may not fully highlight all the product details and features on Etiqa Essential whole life cover. Talk to us or seek advice from a financial adviser before making any decision about Etiqa Essential whole life cover.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Read AboutWhere do I start with financial planning?

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Compare before you commit

Before committing to a whole life insurance policy, it certainly pays to make an effort to compare. Specific product features, benefits, and payouts will differ more than you think across insurance companies.

Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?

Even worse, to know you can compare whole life insurance plans here,  100% free of charges on the platform.

INSTANT quotes for Whole Life Plans

Whole Life Plans

Matching your profile…

Let’s start by filtering out the best whole life plans based on your age and gender. Your gender and age will affect the base premium payable.

Your current age is closest to:

Your gender is:

Male Female

Whole Life Plans

Understanding your coverage needs…

You whole life plan can provide comprehensive coverage against all 37 major illness. Choose the level of protection you need for yourself and your family.

You require a critical illness (for late stage major illness) coverage of:

You require an early critical illness (for all stages of major illness) coverage of:


Whole Life Plans

Finding you the best whole life plans…

Your annual insurance premium will be lower if you choose to spread out your premium term over a longer period of time.

Your prefer to make payment (premium term) for this whole life plan over a period of:

INSTANT quotes for Whole Life Plans

Is Etiqa Essential whole life cover suitable for me?

Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

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

We compare quotations head to head on all leading insurers in Singapore

Personalised whole life plans

Pay for what you need in a whole life plan!

3 easy steps for your customised whole life insurance plan

Step 1: Getting to know you…

Let's start with a brief introduction of your personal profile. Please note that your current age and gender affects the insurance premium payable for your whole life plan.





Step 2: Understanding your coverage needs…

Please select the amount (sum assured) and type of lifetime coverage that is required for this plan:

You need a death coverage (base coverage) amount of?

Do you required critical illness coverage in the event of a major illness (optional)?


Step 3: Finding the best whole life plans for you! team of financial planners will compare and provide you with the best whole life insurance plans based on your inputs.



Please check your inbox for an e-mail of your financial planning needs. We will be in contact with you within 24 hours.

Personalise your whole life insurance plans


Before you go...
Etiqa Essential whole life cover may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!
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