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Term Insurance Singapore

  • Compare Term Insurance quotes from 9 Singapore Insurers
  • Protection & peace of mind at the lowest cost
  • Choices: AIA, AXA, China Taiping, Etiqa, HSBC Life, Manulife, NTUC Income, Singlife with Aviva & TM Life
  • Get a $1,000,000 term insurance policy for as low as $1.06/day*
Cheap Term Insurance Quotation

*Based on $1,000,000 level term cover for a 30 year old male non-smoker over a 20 year period

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What is term insurance?

Term insurance products provide pure protection. They are the simplest life insurance products and usually the most affordable. (Source: Moneysense)

Term insurance is initially much less expensive when compared to whole life insurance. Unlike most types of permanent insurance, term insurance has no cash value. In other words, the only value is the guaranteed death benefit from the policy. (Source: Investopedia)

Term life insurance lets you leave financial security for your loved ones if you pass away. Your family would usually get a lump sum that can help to pay off any debts, like a mortgage, as well as giving them money to live off.

Family protection using term insurance Singapore
Term insurance policies provide financial security for your loved ones

How much term insurance cover do I need?

It is not easy to decide how much cover you need. Everyone has their own financial circumstance. The amount that you choose should be enough to cover what your family would need if you were no longer around (including future expenses like tertiary education etc). These are some areas for consideration:

Compare Term Insurance from Singapore’s leading Insurers

TermSG is dedicated to get you the right term insurance policy and to give you and your family the peace of mind you deserve.

It only takes 2 minutes to input your details below:

Term Life Insurance Quotes on iPhone 1

Why buy term insurance from us?

Wide Selection of Insurers

TermSG work with 8 of the largest life insurance companies in Singapore to bring you some of the best deals in the market.

Get quotation quickly

It only takes 2 minutes to input your basic info to get quotations from multiple insurers. Save time without having to approach multiple insurers for quotations.

Family protection using term insurance Singapore 02
Compare cheap term insurance in Singapore with TermSG

Fuss Free Application

We know that you appreciate a fuss free application process. We will not waste your time trying to “upsell” you or convince you to take something which you don’t need.

Rest assured, if you only want to take up a simple term insurance policy, we will do just that.

Apply anywhere

As long as you have a laptop or iPad and internet connection, you can get quotes and apply for coverage anywhere in Singapore.

MAS Licenced representative

We are individuals who are licensed to conduct regulated activities and provide financial advisory services under the Financial Advisers Act.

You can request for our MAS Representative Number and find our information in https://eservices.mas.gov.sg/rr

We are 100% independent, working for you

Unlike some of our competitors, we are not owned by an insurance company. We offer independent and unbiased service.

We find the best value term insurance products that meet your needs and deliver them straight to you with no influence from any insurer.

How To Get Cheaper Life Insurance?

Buy Sooner Rather Than Later

Your age and health are two key factors that insurers consider when determining your premium. The younger and healthier you are, the cheaper the premium is.

So if you want to get cheap life insurance, buy it when you are young. In most cases, you will lock in the cheap premium for the rest of the premium term of the policy.

Get cheaper term insurance by shopping around easily with TermSG
Get cheaper term insurance by shopping around easily with TermSG

Buy a Term Life Insurance Policy

You have several options when buying life insurance policies: term life insurance, whole life insurance, investment linked policy (ILP) etc. A term insurance policy will provide coverage for a certain period of time, such as 10, 20 or 30 years.

A term insurance policy is the cheapest way to go. It provides pure protection with no cash values. A whole life or ILP can cost many times more than a term policy for the same amount of coverage.

Avoid Unnecessary Riders / Duplicate Benefits

When you buy a life insurance policy, you typically have the option to get additional features called riders. Although the extra features and benefits might be appealing, you can get cheaper life insurance by avoiding riders you don’t necessarily need.

Shop Around

Don’t settle for the first quote you get. Different insurers price their products differently. Some may have a preference for certain products / customer segment and price them more attractively.

It is smart to shop around because life insurance rates can vary greatly from company to company. TermSG makes is easy for you to compare term policies from 8 different insurers in Singapore.

* This website is for information purposes only. The owner of the website is wholly responsible for the content in the website. The owner of the website is an IFA Rep of Financial Alliance Pte Ltd.