Insurance Products Singapore 2026
Compare insurance products from Singapore's leading insurers. Find life insurance, health insurance, motor insurance, and protection plans to safeguard your future.
Insurance Planning Guide
Life Protection
Protect your family's financial future with term life and whole life insurance coverage.
Health Coverage
Supplement Medisave with private health insurance and critical illness protection.
Property & Assets
Protect your home, car, and valuable possessions with comprehensive insurance.
Travel & Lifestyle
Stay protected while traveling and during daily activities with specialized coverage.
Compare Insurance Products
Term Life Insurance
Life InsuranceKey Benefits
- • Death benefit
- • Terminal illness coverage
- • Affordable premiums
- • Flexible coverage period
Available From
Whole Life Insurance
Life InsuranceKey Benefits
- • Lifetime coverage
- • Cash value accumulation
- • Dividends
- • Estate planning
Available From
Integrated Shield Plans
Health InsuranceKey Benefits
- • Private hospital coverage
- • Higher claim limits
- • Worldwide coverage
- • Complements Medisave
Available From
Critical Illness Insurance
Health InsuranceKey Benefits
- • Lump sum payout
- • 37+ conditions covered
- • Early stage coverage
- • Multiple claims
Available From
Personal Accident Insurance
Accident InsuranceKey Benefits
- • Accidental death
- • Disability benefits
- • Medical expenses
- • Worldwide coverage
Available From
Motor Insurance
General InsuranceKey Benefits
- • Third party liability
- • Own damage coverage
- • Theft protection
- • Towing services
Available From
Home Insurance
General InsuranceKey Benefits
- • Fire and perils
- • Contents coverage
- • Personal liability
- • Alternative accommodation
Available From
Travel Insurance
General InsuranceKey Benefits
- • Medical expenses
- • Trip cancellation
- • Baggage loss
- • Personal liability
Available From
Domestic Helper Insurance
General InsuranceKey Benefits
- • Personal accident
- • Medical expenses
- • Personal liability
- • Repatriation
Available From
Endowment Plans
Savings InsuranceKey Benefits
- • Guaranteed returns
- • Life coverage
- • Maturity benefits
- • Disciplined savings
Available From
Life Insurance in Singapore
Term Life Insurance
Best For:
Young families, mortgage protection, temporary needs
Pros:
- • Affordable premiums
- • High coverage amounts
- • Flexible terms
- • No investment risk
Cons:
- • No cash value
- • Premiums increase with age
- • Coverage ends at term expiry
Whole Life Insurance
Best For:
Estate planning, long-term savings, permanent coverage
Pros:
- • Lifetime coverage
- • Cash value accumulation
- • Potential dividends
- • Loan facility against cash value
Cons:
- • Higher premiums
- • Complex product structure
- • Lower returns vs investments
Life Insurance Needs Calculation
Income Replacement
- • Annual income × 10-15 years
- • Consider inflation and growth
- • Account for spouse's income
Outstanding Debts
- • Mortgage balance
- • Personal loans
- • Credit card debts
Future Expenses
- • Children's education
- • Spouse's retirement
- • Final expenses
Health Insurance & Medisave
Singapore's Healthcare System
Medisave (Compulsory)
- • Basic medical coverage
- • Subsidized ward treatments
- • Annual contribution limits
- • Limited coverage scope
MediShield Life (Basic)
- • Catastrophic illness coverage
- • Basic ward coverage
- • Co-insurance and deductibles
- • Annual claim limits
Integrated Shield Plans
- • Private hospital coverage
- • Higher claim limits
- • Better ward options
- • Worldwide coverage
Integrated Shield Plan Features
Private Hospital Coverage
Access to private hospitals and specialists without referral
Higher Annual Limits
Claims up to S$2 million per year vs S$150,000 for MediShield Life
Worldwide Coverage
Emergency treatment coverage while traveling overseas
Choice of Wards
Single or double occupancy rooms in private hospitals
Critical Illness Coverage
Covered Conditions (37+)
Early Stage Benefits
- • Early stage cancer (10% payout)
- • Angioplasty (10% payout)
- • Early Parkinson's disease
- • Carcinoma-in-situ
Multiple Claims
Modern plans allow multiple claims for different conditions, with maximum total payout of 200-300% of sum assured.
Motor Insurance in Singapore
Comprehensive Coverage
- • Third-party liability (mandatory)
- • Own damage coverage
- • Theft and fire protection
- • Windscreen coverage
- • Towing and recovery
- • Personal accident benefits
Third Party Only
- • Minimum legal requirement
- • Covers damage to others
- • No own vehicle coverage
- • Suitable for older vehicles
- • Lower premium costs
- • Limited protection
No Claim Discount
- • Maximum 50% discount
- • Earned over 5+ years
- • Protected NCD options
- • Transferable between insurers
- • Step-back system for claims
- • Significant premium savings
Motor Insurance Premium Factors
Vehicle Factors
- • Vehicle age and model
- • Engine capacity
- • Market value
- • Safety features
Driver Profile
- • Age and experience
- • Driving record
- • Gender
- • Occupation
Usage Patterns
- • Annual mileage
- • Parking location
- • Usage type
- • Named drivers
Coverage Options
- • Excess amount
- • Coverage limits
- • Add-on benefits
- • NCD protection
Travel Insurance Essentials
Essential Coverage
Medical Expenses
S$1,000,000+Emergency medical treatment and hospitalization abroad
Personal Accident
S$200,000+Accidental death and permanent disability benefits
Trip Cancellation
S$10,000+Reimbursement for non-refundable trip costs
Baggage Loss
S$3,000+Compensation for lost, stolen, or damaged luggage
Travel Insurance Tips
Buy Before Departure
Purchase travel insurance before leaving Singapore for full coverage
Check Existing Coverage
Review credit card and health insurance for existing travel benefits
Read Exclusions
Understand what's not covered, especially pre-existing conditions
Keep Documentation
Save all receipts and medical reports for claim processing
Emergency Contacts
Keep insurer's 24/7 hotline numbers readily accessible
Activity Coverage
Ensure coverage for planned activities like sports or adventure tours
Insurance Planning by Life Stage
Young Singles (20s-30s)
Priorities:
- • Personal accident
- • Health insurance
- • Term life insurance
- • Travel insurance
Budget:
S$200-500/month
Focus:
Building foundation protection
Young Families (30s-40s)
Priorities:
- • High term life coverage
- • Critical illness
- • Children's health plans
- • Home insurance
Budget:
S$500-1,200/month
Focus:
Maximum family protection
Mid-Career (40s-50s)
Priorities:
- • Whole life insurance
- • Investment-linked plans
- • Enhanced health coverage
- • Long-term care
Budget:
S$800-2,000/month
Focus:
Wealth accumulation and comprehensive coverage
Pre-Retirement (50s+)
Priorities:
- • Legacy planning
- • Long-term care insurance
- • Reduced term coverage
- • Travel insurance
Budget:
S$400-1,000/month
Focus:
Estate planning and health protection
Insurance Claims Process
Immediate Notification
Notify your insurer within 30 days of the incident
Within 30 days
Documentation
Gather all required documents and evidence
ASAP
Claim Submission
Submit complete claim form with supporting documents
Within 90 days
Assessment & Payment
Insurer assesses claim and processes payment
2-4 weeks
Common Insurance Exclusions
Life & Health Insurance
- • Pre-existing medical conditions (initial period)
- • Suicide (within first year)
- • War and terrorism
- • Dangerous activities (without disclosure)
- • Substance abuse
- • Self-inflicted injuries
Motor Insurance
- • Driving under influence
- • Using vehicle for commercial purposes
- • Unlicensed or disqualified drivers
- • Mechanical breakdown
- • Wear and tear
- • Racing or speed contests
Travel Insurance
- • Pre-existing medical conditions
- • High-risk activities (without coverage)
- • Travel to war zones
- • Pregnancy-related claims (unless covered)
- • Losses due to delay by common carrier
- • Unattended baggage claims
Protect What Matters Most
Start building your insurance protection plan today. Compare products, calculate premiums, and ensure comprehensive coverage for you and your family.