Top 10 Life Insurance in Singapore

Top 10 Life Insurance in Singapore

Life insurance providers

Overview

Discover the best life insurance in Singapore. Our comprehensive ranking system evaluates businesses based on unique service proposition, quality of service, accessibility, value for money, and innovation.

Top 3 Life Insurance

Singapore Life Ltd. (Singlife)
#1
Location
4 Shenton Way, #01-01 SGX Centre 2, Singapore 068807

Singapore Life Ltd. (Singlife)

Ranked #1 in Life Insurance

89/100

Digital-first insurance provider offering innovative life insurance solutions and investment-linked policies

TheBestSG Staff Review

Singlife represents the future of insurance in Singapore, revolutionizing the traditional insurance landscape with its digital-first approach. As a homegrown insurtech company, they've successfully merged financial security with technological convenience, offering comprehensive life insurance solutions that cater to the modern consumer's needs. Their mobile-first strategy and paperless approach have made insurance more accessible and manageable for the digital generation.

Why They Made TheBestSG

Selected for their groundbreaking approach to insurance digitalization and customer-centric innovation. Singlife stands out for making insurance products more accessible and understandable through technology, while maintaining robust financial security standards. Their commitment to transparency and continuous digital innovation positions them as a leader in Singapore's evolving insurance landscape.

Total Score
Verified by TheBestSG
89/100
Unique Service
18
Quality
17
Accessibility
19
Value
16
Innovation
19
AIA Singapore Private Limited
#2
Location
1 Robinson Road, AIA Tower, Singapore 048542

AIA Singapore Private Limited

Ranked #2 in Life Insurance

84/100

Leading insurance provider offering comprehensive life, health, and retirement solutions since 1931

TheBestSG Staff Review

AIA Singapore stands as a cornerstone in Singapore's insurance landscape, demonstrating over 90 years of unwavering commitment to protecting Singaporeans' financial futures. Their innovative approach to insurance, particularly through the AIA Vitality program, has revolutionized how people view insurance - transforming it from a passive protection tool to an active lifestyle enhancement platform.

Why They Made TheBestSG

Selected for their pioneering role in integrating wellness with insurance through AIA Vitality, exceptional financial strength ratings, and consistent innovation in product development. Their extensive network of professional agents and digital transformation initiatives have set new standards in customer service excellence.

Total Score
Verified by TheBestSG
84/100
Unique Service
18
Quality
17
Accessibility
16
Value
15
Innovation
18
Income Insurance Limited
#3
Location
75 Bras Basah Road, NTUC Income Centre, Singapore 189557

Income Insurance Limited

Ranked #3 in Life Insurance

84/100

Leading Singaporean insurer offering comprehensive life, health, and general insurance solutions

TheBestSG Staff Review

Income Insurance Limited, formerly NTUC Income, stands as a cornerstone of Singapore's insurance landscape since 1970. Their transformation from a cooperative to a full-fledged insurance company demonstrates their adaptability while maintaining their core mission of providing accessible insurance solutions. They've successfully balanced commercial viability with social responsibility, making insurance products available to diverse segments of society.

Why They Made TheBestSG

Selected for their outstanding commitment to social inclusivity while maintaining competitive insurance products. Their innovative approach to digital transformation, coupled with their deep understanding of Singaporeans' insurance needs, sets them apart. Their legacy of trust and continuous evolution in product offerings makes them a reliable choice for TheBestSG.

Total Score
Verified by TheBestSG
84/100
Unique Service
17
Quality
16
Accessibility
18
Value
17
Innovation
16

All Life Insurance

Manulife (Singapore) Pte. Ltd.
#4
Location
8 Cross Street, #01-01 Manulife Tower, Singapore 048424

Manulife (Singapore) Pte. Ltd.

Ranked #4 in Life Insurance

84/100

Leading insurance provider offering comprehensive life insurance and investment solutions since 1980

TheBestSG Staff Review

Manulife Singapore stands as a formidable player in the insurance sector, demonstrating remarkable innovation in their product offerings and digital solutions. Their commitment to customer wellness through initiatives like ManulifeMOVE sets them apart from traditional insurers. The company has successfully maintained a strong balance of traditional insurance values while embracing modern technological solutions.

Why They Made TheBestSG

Selected for their pioneering approach to insurance solutions and customer engagement. Manulife's integration of wellness rewards with insurance products through ManulifeMOVE demonstrates their innovative thinking. Their strong financial backing, comprehensive product range, and commitment to digital transformation make them a trusted choice for TheBestSG.

Total Score
Verified by TheBestSG
84/100
Unique Service
17
Quality
16
Accessibility
18
Value
15
Innovation
18
Prudential Assurance Company Singapore
#5
Location
7 Straits View, Marina One East Tower, #06-01, Singapore 018936

Prudential Assurance Company Singapore

Ranked #5 in Life Insurance

83/100

Operating in Singapore since 1931, Prudential offers a broad spectrum of products, including life insurance, savings, and investment-linked plans.

TheBestSG Staff Review

Prudential Singapore stands as a cornerstone in Singapore's insurance landscape, with over 90 years of trusted service. Their comprehensive suite of insurance solutions covers everything from basic protection to sophisticated wealth management. While they've embraced digital transformation admirably, we've noticed some areas where customer service response times could be improved, particularly during peak periods.

Why They Made TheBestSG

Selected for their proven track record in Singapore's insurance sector and innovative digital solutions. Their extensive product range, financial stability, and commitment to digital transformation make them a reliable choice. However, their premium rates tend to be higher compared to some competitors, though this is often justified by their comprehensive coverage options.

Total Score
Verified by TheBestSG
83/100
Unique Service
17
Quality
16
Accessibility
18
Value
15
Innovation
17
AXA Insurance Pte. Ltd.
#6
Location
8 Shenton Way, #24-01 AXA Tower, Singapore 068811

AXA Insurance Pte. Ltd.

Ranked #6 in Life Insurance

83/100

Leading global insurance provider offering comprehensive life, health, and general insurance solutions

TheBestSG Staff Review

AXA Insurance stands as a formidable player in Singapore's insurance landscape, demonstrating remarkable strength in product innovation and customer service. While their global presence adds credibility, it's their localized approach to understanding Singaporean needs that truly sets them apart. Their digital transformation efforts have made insurance more accessible, though there's still room for improvement in claim processing times.

Why They Made TheBestSG

Selected for their robust financial standing, comprehensive product range, and commitment to digital innovation. AXA's continuous investment in customer experience and their strong focus on sustainability make them a reliable choice for insurance needs. However, their premium pricing structure may not suit all budget levels.

Total Score
Verified by TheBestSG
83/100
Unique Service
17
Quality
16
Accessibility
18
Value
15
Innovation
17
Aviva Ltd
#7
Location
4 Shenton Way, SGX Centre 2, #01-01, Singapore 068807

Aviva Ltd

Ranked #7 in Life Insurance

83/100

Leading insurance provider offering comprehensive life, health, and investment-linked plans

TheBestSG Staff Review

Aviva Ltd stands as one of Singapore's most established insurance providers, bringing over 40 years of local market expertise combined with global insurance excellence. Their product suite demonstrates a deep understanding of Singaporeans' protection needs, offering everything from basic term life policies to sophisticated investment-linked plans. What truly sets them apart is their commitment to digital innovation, making insurance more accessible and manageable through their robust online platform.

Why They Made TheBestSG

Selected for their outstanding track record in the Singapore insurance market, innovative digital solutions, and comprehensive product range. Aviva's commitment to customer education and transparent pricing policies has earned them a reputation for reliability. Their consistent financial strength ratings and quick claims processing make them a trustworthy choice for TheBestSG readers.

Total Score
Verified by TheBestSG
83/100
Unique Service
17
Quality
16
Accessibility
18
Value
15
Innovation
17
Great Eastern Life Assurance Co. Ltd
#8
Location
1 Pickering Street, #01-01 Great Eastern Centre, Singapore 048659

Great Eastern Life Assurance Co. Ltd

Ranked #8 in Life Insurance

82/100

Established in 1908, Great Eastern is the oldest and one of the largest life insurance companies in Singapore, offering comprehensive life, health, and investment-linked insurance plans.

TheBestSG Staff Review

Great Eastern Life Assurance stands as a testament to enduring financial excellence in Singapore's insurance landscape. With its rich heritage spanning over a century, the company has consistently demonstrated its ability to adapt and innovate while maintaining strong financial fundamentals. Their extensive product portfolio caters to diverse customer needs, from basic protection to sophisticated wealth accumulation solutions.

Why They Made TheBestSG

Selected for its unparalleled legacy in Singapore's insurance sector, robust financial standing, and comprehensive product offerings. Great Eastern's commitment to innovation, customer-centric approach, and strong backing from OCBC Bank makes it a reliable choice for long-term financial planning and protection needs.

Total Score
Verified by TheBestSG
82/100
Unique Service
17
Quality
16
Accessibility
18
Value
15
Innovation
16
HSBC Life (Singapore) Pte. Ltd.
#9
Location
10 Marina Boulevard, Marina Bay Financial Centre Tower 2, #48-01, Singapore 018983

HSBC Life (Singapore) Pte. Ltd.

Ranked #9 in Life Insurance

81/100

Leading insurance provider offering comprehensive life, health, and retirement solutions

TheBestSG Staff Review

HSBC Life Singapore stands as a formidable player in the insurance sector, leveraging its global banking heritage to deliver sophisticated insurance solutions. With their extensive network and deep understanding of both local and international markets, they've established themselves as a trusted provider for comprehensive life insurance coverage. Their integration with HSBC's banking services creates a seamless financial planning experience for clients.

Why They Made TheBestSG

Selected for their robust financial backing, innovative product offerings, and strong integration of digital services with traditional insurance solutions. HSBC Life's commitment to providing tailored solutions for different life stages, coupled with their excellent claims management process and strong customer service orientation, makes them a standout choice in Singapore's competitive insurance market.

Total Score
Verified by TheBestSG
81/100
Unique Service
17
Quality
16
Accessibility
17
Value
15
Innovation
16
Tokio Marine Life Insurance Singapore Ltd.
#10
Location
20 McCallum Street, #07-01 Tokio Marine Centre, Singapore 069046

Tokio Marine Life Insurance Singapore Ltd.

Ranked #10 in Life Insurance

79/100

A leading Japanese insurance provider offering comprehensive life insurance solutions in Singapore

TheBestSG Staff Review

Tokio Marine Life Insurance Singapore stands out as a formidable player in Singapore's competitive insurance landscape. With their strong Japanese heritage and over 70 years of presence in Singapore, they've built a reputation for reliability and innovation in financial protection. Their product suite spans from basic term life to sophisticated investment-linked policies, all backed by the financial strength of the global Tokio Marine Group.

Why They Made TheBestSG

Selected for their exceptional commitment to customer service excellence and innovative insurance solutions. Their strong financial backing, comprehensive product range, and dedicated approach to personalized financial planning make them a trusted choice for life insurance in Singapore. Their continuous investment in digital transformation while maintaining human-centric advisory services sets them apart in the industry.

Total Score
Verified by TheBestSG
79/100
Unique Service
17
Quality
16
Accessibility
15
Value
16
Innovation
15