The 10 Best Term Life Insurance in Singapore

A practical ranking of reputable Singapore term life plans for family protection, legacy needs and flexible cover.

Reviewed by our editors · Updated July 2026 · How we rank

Our verdict: Singlife Elite Term II is the best term life insurance in Singapore right now - best overall flexibility and servicing strength. Income TermLife Solitaire runs it closest.

Term life insurance in Singapore is best used for pure protection: replacing income, covering a mortgage, funding dependants' needs, or leaving a defined sum if death or terminal illness happens during the policy term. The strongest plans here are from licensed insurers with established servicing, clear benefit structures, rider options, and sensible choices for policy duration.

When comparing plans, look beyond the headline premium. Check whether premiums are guaranteed or reviewable, whether total and permanent disability or critical illness riders are available, how renewal and conversion options work, and whether the sum assured fits local protection guidelines. A lower premium is useful only if the policy term, underwriting, exclusions, and claims support suit your actual family responsibilities.

01
Singlife Elite Term II
89/100
Flexible term cover with regular or limited pay options and conversion features.
5 Straits View, #01-18/19 Marina One The Heart, Singapore 018935
singlife.com
$$ price range
“Best overall flexibility and servicing strength.” - our editors
THEBESTSG STAFF REVIEW
Singlife takes our top spot because Elite Term II is broad without becoming confusing. It suits people who want straightforward family protection, but it also has enough flexibility for those planning around property, children, or legacy needs. The limited pay option is useful for buyers who dislike paying premiums indefinitely. Singlife's digital servicing and large post-merger customer base are advantages. The trade-off is that the richer flexibility can make illustrations more detailed, so buyers should compare the regular pay and limited pay versions carefully.
Why Singlife Elite Term II made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It combines high configurability, strong servicing infrastructure, rider depth and practical renewal or conversion options, making it one of the most complete term life choices for Singapore families.
Singlife Elite Term II is a customisable term life plan from Singapore Life Ltd, covering death and terminal illness with options for regular pay or limited pay. The regular pay version offers flexible policy terms, including short renewable terms and cover up to advanced ages, while the limited pay version is built for longer legacy-style protection. It also supports riders for total and permanent disability and critical illness, plus options to increase cover at certain life events or convert to eligible whole life or endowment plans without further medical underwriting, subject to policy conditions.
THE EDITORS' SCORECARD - 89/100
Unique Service Proposition19/20
Quality of Service18/20
Accessibility18/20
Value for Money17/20
Innovation17/20
Read our review →Enquire at GetInsurance ↗Own this business? Claim it
02
Income TermLife Solitaire
88/100
High-sum-assured term cover from Income's Solitaire range.
income.com.sg
$$ price range
“Strongest high-cover local option.” - our editors
THEBESTSG STAFF REVIEW
Income remains one of Singapore's most familiar insurers, and TermLife Solitaire is its strongest term option for higher cover. What stands out is the combination of a recognisable local brand, sizeable minimum sum assured and clear add-on structure. It is especially relevant for professionals, business owners and families with large liabilities. The honest trade-off is accessibility: this is not the simplest entry-level term policy, and the S$500,000 minimum makes it less suitable for someone who only wants a small protection top-up.
Why Income TermLife Solitaire made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It earns second place for strong high-cover positioning, Income's local reputation and practical rider options for people with larger protection gaps.
TermLife Solitaire is Income Insurance's higher-coverage term life plan, positioned for customers who need at least S$500,000 of death and terminal illness protection. It includes guaranteed renewal features that may allow coverage to continue up to age 100, subject to the plan's conditions, and offers optional riders such as Disability Accelerator and dread disease protection. Income also highlights medical concierge support for larger applications. The plan is suited to households with larger income replacement needs, sizeable mortgages, business obligations, or legacy planning goals that require a clean protection-focused policy rather than a savings plan.
THE EDITORS' SCORECARD - 88/100
Unique Service Proposition18/20
Quality of Service18/20
Accessibility18/20
Value for Money17/20
Innovation17/20
Read our review →Enquire at GetInsurance ↗Own this business? Claim it
03
GREAT Term 2
87/100
Customisable term protection from one of Singapore's oldest life insurers.
1 Pickering Street, #01-01 Great Eastern Centre, Singapore 048659
greateasternlife.com
$$ price range
“Best traditional adviser-led choice.” - our editors
THEBESTSG STAFF REVIEW
GREAT Term 2 is a strong pick for buyers who value institutional stability and adviser support. Great Eastern has deep roots in Singapore, and this plan reflects that traditional strength: clear core protection, broad rider choices and a useful conversion feature. It is particularly sensible for families who want term cover today but may later move part of their protection into a permanent policy. The trade-off is that it is adviser-led, so those who prefer instant online purchase may find the process less direct.
Why GREAT Term 2 made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It ranks highly for brand strength, rider breadth and a clear no-frills term structure backed by a long-established Singapore life insurer.
GREAT Term 2 is Great Eastern's regular premium, non-participating term plan for death and terminal illness protection. It offers policy terms up to selected ages and can be enhanced with riders for total and permanent disability, accident and critical illness cover, including options for different stages of critical illness. Great Eastern also provides a conversion privilege that may allow an eligible term policy to be converted to a life policy with cash value without fresh medical underwriting, subject to conditions. The plan is distributed through Great Eastern financial representatives and is aimed at families seeking dependable no-frills cover.
THE EDITORS' SCORECARD - 87/100
Unique Service Proposition18/20
Quality of Service18/20
Accessibility17/20
Value for Money17/20
Innovation17/20
Read our review →Enquire at GetInsurance ↗Own this business? Claim it
04
AIA Secure Flexi Term
86/100
AIA's flexible term plan for protection across major life stages.
1 Robinson Road, AIA Tower, Singapore 048542
aia.com.sg
$$ price range
THEBESTSG STAFF REVIEW
AIA's strength is not only the plan itself, but the ecosystem around it. Secure Flexi Term is a dependable choice for customers who want term protection explained by an adviser and coordinated with existing AIA policies or AIA Vitality-linked planning conversations. The brand is well established in Singapore and across Asia, which helps with confidence in claims and servicing. The trade-off is that buyers should watch the total cost once riders are added, as adviser-led bundles can become broader than originally intended.
Why AIA Secure Flexi Term made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It is selected for AIA's strong reputation, flexible protection positioning and wide adviser access, especially for customers who value continuity across multiple policies.
AIA Secure Flexi Term is a term life protection plan from AIA Singapore, part of a major pan-Asian insurer with a large adviser network. The plan is designed around flexible coverage periods and protection against death and terminal illness, with the ability to add protection features according to personal needs. It is a natural fit for Singapore buyers who already use AIA for health, life or savings policies and want their term protection integrated into a broader adviser-managed plan. The insurer's scale and agency presence are key advantages for policy servicing and long-term continuity.
THE EDITORS' SCORECARD - 86/100
Unique Service Proposition18/20
Quality of Service18/20
Accessibility17/20
Value for Money16/20
Innovation17/20
Read our review →Enquire at GetInsurance ↗Own this business? Claim it
05
PRUActive Term
85/100
Prudential's term life plan for adjustable protection and rider planning.
30 Cecil Street, #30-01 Prudential Tower, Singapore 049712
prudential.com.sg
$$ price range
THEBESTSG STAFF REVIEW
PRUActive Term is a solid mainstream term plan from a very visible insurer in Singapore. What stands out is Prudential's adviser reach and its ability to pair term life cover with wider protection planning, especially when clients are also considering health and critical illness needs. This makes the plan practical for families who want one adviser to coordinate several policies. The trade-off is that the experience depends heavily on adviser quality, so customers should ask for clear comparisons and avoid adding riders without understanding the premium impact.
Why PRUActive Term made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It earns its place through Prudential's strong market presence, adviser access and suitability for customers who want term cover within a larger protection plan.
PRUActive Term is Prudential Singapore's term life insurance plan for customers who need protection for a chosen period rather than lifelong savings cover. It is typically considered by families who want death and terminal illness protection, with the option to structure riders and other Prudential policies around health, disability or critical illness needs. Prudential has a large Singapore adviser force and a long-standing brand presence, which makes it a common choice for buyers who prefer guided financial planning. It is best suited to people who want a recognised insurer and a protection plan that can sit inside a broader portfolio.
THE EDITORS' SCORECARD - 85/100
Unique Service Proposition17/20
Quality of Service18/20
Accessibility17/20
Value for Money16/20
Innovation17/20
Read our review →Enquire at GetInsurance ↗Own this business? Claim it
06
ManuProtect Term II
84/100
Manulife term protection with a strong international insurer behind it.
8 Cross Street, #15-01 Manulife Tower, Singapore 048424
manulife.com.sg
$$ price range
THEBESTSG STAFF REVIEW
ManuProtect Term II is a dependable middle-of-the-pack choice in a good way. It does not try to be flashy; it gives buyers access to a recognised international insurer and a term structure that can be discussed alongside other protection needs. Manulife's Singapore office and regional scale give the plan credibility, especially for customers already banking or planning through affiliated channels. The trade-off is that product visibility is lower than AIA, Prudential or Great Eastern, so buyers may need to ask more pointed questions during comparison.
Why ManuProtect Term II made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It is included for Manulife's insurer strength, practical term protection role and suitability for buyers who want international brand backing with adviser guidance.
ManuProtect Term II is Manulife Singapore's term protection plan for customers seeking life cover over a defined period. Manulife is a major international insurer with a Singapore presence and distribution links across advisers and banking channels. The plan is relevant for families, working adults and mortgage holders who want protection without committing to a cash-value life policy. Depending on selected options and underwriting, it can form part of a wider protection package with disability or illness planning. Its appeal is strongest for buyers who value global insurer backing and a more conventional adviser-assisted application process.
THE EDITORS' SCORECARD - 84/100
Unique Service Proposition17/20
Quality of Service17/20
Accessibility17/20
Value for Money16/20
Innovation17/20
Read our review →Enquire at GetInsurance ↗Own this business? Claim it
07
FWD Term Life Plus
83/100
Digital-first term life cover from FWD Singapore.
fwd.com.sg
$ price range
THEBESTSG STAFF REVIEW
FWD's appeal is convenience. Term Life Plus suits buyers who are comfortable comparing and buying insurance online, and who prefer simpler digital servicing over a long adviser conversation. The brand has become recognisable in Singapore for consumer-friendly online insurance, which helps it stand apart from legacy insurers. The trade-off is depth: for more complex family, estate or business protection planning, customers may still prefer an adviser-heavy insurer with broader face-to-face support and a longer track record in life insurance distribution.
Why FWD Term Life Plus made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It stands out for digital accessibility, simpler purchase flow and value-conscious term protection, particularly for customers who dislike traditional agency sales processes.
FWD Term Life Plus is a term life plan from FWD Singapore, an insurer known locally for a digital-first purchase and servicing experience. The plan is aimed at customers who want straightforward death and terminal illness cover, with online-led quotation and application convenience where available. FWD's broader Singapore brand is especially familiar in travel, car and general insurance, but its life protection offering gives digitally comfortable buyers another option beyond the traditional agency insurers. It can be useful for younger families or working adults who want to compare term cover quickly and avoid an overly complex sales journey.
THE EDITORS' SCORECARD - 83/100
Unique Service Proposition17/20
Quality of Service16/20
Accessibility18/20
Value for Money17/20
Innovation15/20
Read our review →Enquire at GetInsurance ↗Own this business? Claim it
08
HSBC Life Term Protector
82/100
Bank-backed term protection from HSBC Life Singapore.
insurance.hsbc.com.sg
$$ price range
THEBESTSG STAFF REVIEW
HSBC Life Term Protector is strongest for customers already in the HSBC ecosystem. The bank-insurer connection can make conversations around protection, wealth transfer and family planning more coordinated, especially for affluent households. The AXA integration also gave HSBC Life a larger Singapore insurance base. The trade-off is that it may feel less accessible to customers who just want a fast, standalone term quote. For simple price shopping, digital or direct insurers may be easier to compare.
Why HSBC Life Term Protector made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It is selected for HSBC Life's bank-backed platform, expanded Singapore insurance presence and relevance to customers who want term protection linked to wealth planning.
HSBC Life Term Protector is a term life plan from HSBC Life Singapore, the insurer formed after HSBC integrated its Singapore insurance operations with the acquired AXA Singapore business. The plan is positioned for customers who want death protection for a set period, often as part of broader wealth, protection or legacy planning through HSBC channels. HSBC Life's strengths are its banking connection, regional insurance platform and access to customers who already manage wealth or insurance through HSBC. It is most relevant for people who prefer bank-linked advisory and want protection planning tied to wider financial arrangements.
THE EDITORS' SCORECARD - 82/100
Unique Service Proposition17/20
Quality of Service17/20
Accessibility16/20
Value for Money16/20
Innovation16/20
Read our review →Enquire at GetInsurance ↗Own this business? Claim it
09
Tokio Marine TM Protect 1
81/100
Term protection from Tokio Marine Life Insurance Singapore.
20 McCallum Street, #07-01 Tokio Marine Centre, Singapore 069046
tokiomarine.com
$$ price range
THEBESTSG STAFF REVIEW
Tokio Marine is a quieter name for many retail buyers, but that is not a weakness. TM Protect 1 is worth shortlisting because it comes from a serious insurer with a long insurance pedigree and a focused life operation in Singapore. It suits buyers who are comparing beyond the most advertised brands and want a conventional protection plan. The trade-off is visibility and convenience: fewer friends may have direct experience with the plan, and the buying journey may depend more on adviser access.
Why Tokio Marine TM Protect 1 made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It earns a spot for insurer pedigree, credible local operations and a straightforward term protection proposition outside the most commonly marketed Singapore brands.
TM Protect 1 is a term protection plan from Tokio Marine Life Insurance Singapore, part of the long-established Tokio Marine group. The plan is built for customers who want pure protection over a defined term, with life insurance coverage that can support family income replacement or liability planning. Tokio Marine may not have the same consumer visibility as Singapore's largest agency insurers, but it has a respected insurance heritage and a local life insurance operation. TM Protect 1 is a sensible consideration for buyers comparing traditional insurer-backed term policies outside the usual biggest three names.
THE EDITORS' SCORECARD - 81/100
Unique Service Proposition16/20
Quality of Service17/20
Accessibility16/20
Value for Money16/20
Innovation16/20
Read our review →Enquire at GetInsurance ↗Own this business? Claim it
10
Etiqa ePROTECT term life
80/100
Online term life cover from Etiqa Singapore.
One Raffles Quay, #22-01 North Tower, Singapore 048583
etiqa.com.sg
$ price range
THEBESTSG STAFF REVIEW
Etiqa ePROTECT term life is a practical option for simple needs. It will appeal to buyers who want to get covered without sitting through a long sales process, and the Maybank-linked brand gives it more credibility than a random online-only name. It is particularly useful as a clean protection top-up for young families or working adults. The trade-off is that simplicity cuts both ways: if you need complex rider design, large underwriting cases or layered legacy planning, a fuller adviser-led plan may fit better.
Why Etiqa ePROTECT term life made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It rounds out the list for online convenience, Maybank-linked insurer backing and usefulness as a simple term protection top-up for cost-conscious buyers.
Etiqa ePROTECT term life is Etiqa Singapore's online term life insurance option for customers who want a simpler digital route to protection. Etiqa is part of the Maybank group and is active in Singapore across life and general insurance. The plan is suited to buyers looking for basic death and terminal illness protection without the complexity of a cash-value policy. Its digital positioning makes it useful for straightforward protection top-ups, especially for people who already know their desired sum assured and policy term. It is less suited to customers who need detailed estate or business succession planning.
THE EDITORS' SCORECARD - 80/100
Unique Service Proposition16/20
Quality of Service16/20
Accessibility17/20
Value for Money16/20
Innovation15/20
Read our review →Enquire at GetInsurance ↗Own this business? Claim it

Best Term Life Insurance in Singapore compared

Rank	Name	Known for	Price
#1	Singlife Elite Term II	flexible cover · family protection	$$
#2	Income TermLife Solitaire	high coverage · local insurer	$$
#3	GREAT Term 2	established insurer · adviser led	$$
#4	AIA Secure Flexi Term	aia network · flexible term	$$
#5	PRUActive Term	prudential · adviser network	$$
#6	ManuProtect Term II	international insurer · term protection	$$
#7	FWD Term Life Plus	digital first · online quote	$
#8	HSBC Life Term Protector	bank linked · wealth planning	$$
#9	Tokio Marine TM Protect 1	tokio marine · traditional insurer	$$
#10	Etiqa ePROTECT term life	online purchase · simple cover	$

Term Life Insurance in Singapore - your questions

What is term life insurance?

Term life insurance pays a lump sum if the insured dies, or is diagnosed with terminal illness if included, during a fixed policy term. It usually has no savings or investment value, so premiums are generally lower than whole life plans.

How much term life cover should I buy in Singapore?

A common starting point is to cover outstanding debts, future family expenses, children's education and income replacement. Local financial planning guidance often uses several years of income as a benchmark, but the right amount depends on dependants, CPF savings, existing policies and liabilities.

Is a direct purchase term plan enough?

Direct purchase term plans can suit straightforward needs and smaller sums assured. If you need higher cover, riders, estate planning, business protection or more underwriting guidance, an adviser-distributed plan may be more suitable.

Should I choose level term or renewable term?

Level term works well when you want stable cover for a known period, such as until retirement or a child becomes independent. Renewable term offers flexibility, but future premiums usually rise with age and may become costly later.

Run one of the best term life insurance in Singapore?

We review this ranking regularly. If you believe your business belongs here, tell us - our editors will take a proper look.

Get ranked

The 10 Best Term Life Insurance in Singapore

Best Term Life Insurance in Singapore compared

Term Life Insurance in Singapore - your questions

Run one of the best term life insurance in Singapore?

More in Finance