Here Are The Top 10 Most Affordable Options For Coverage You Can Get In Singapore


Short of meeting representatives from various companies in order to compare the rates of how much it will cost to provide coverage for your life…

You’re going to need a friend who is knowledgeable about available plans out there in the market.

In the absence of such a friend, and unless you have time to sit down with representatives of each company for a 2-hour consultation, you are going to need such information at your fingertips.

Here are competitive prices from major insurance companies that make it easier for you to find the most affordable protection you can get.

Do note that these are rates for term plans, which is ideal for pure protection… and do not come with the element of getting money back in the form of interest.

The table below shows the annual premium (S$) for male non-smokers, and the rates they pay at different stages of their lives, providing

  • Coverage till 65 years old
  • S$1 million death and total permanent disability (TPD) Coverage
Age AIA* Aviva AXA Life Etiqa Great Eastern HSBC Insurance Manulife NTUC Income Prudential Tokio Marine**
25  780 971 879 1590 1220 1030 937 1360 1429  1156
30 1137 1087 1042 1990 1560 1280 1202 1810 1658 1411
35 1544 1533 1419 2560 2090 1710 1561 2174 2041 1745
40 2562 1835 1789 3440 2690 2290 2016 2681 2567 2406
50 6388 3380 3179 5330 4260 3760 3701 4702 4268 4097

For comparison, here are the annual premium rates (S$) that female non-smokers will pay:

 

Age AIA* Aviva AXA Life Etiqa Great Eastern HSBC Insurance Manulife NTUC Income Prudential Tokio Marine**
25  631 738 660 1130 850 820 684 1015 1010   797
30 715 868 762 1390 1070 880 948 1350 1249  997
35 1002 1076 1004 1810 1360 1260 1142 1724 1489  1284
40 1665 1390 1215 2370 1750 1600 1410 2107 1881  1631
50 4273 2450 1989 3450 2600 2520 2276 3850 3049  2598

Share this useful with your friends that are looking to get protection for themselves or their parents!

[information source: diyinsurance.com.sg]

*Coverage is 20 to 30 years

At age 25 – coverage till 55
At age 30 – coverage till 60
At age 35 – coverage till 65
At age 40 – coverage till 70
At age 50 – coverage till 70

**Coverage till 70 years old

Share this post



No comments

Add yours