The 20 Best Whole Life Insurance Options in Singapore
In search of whole life insurance in Singapore? Look no further! This page is dedicated to helping you find the best whole life insurance options available nearby. Whether you are looking to protect your loved ones in the event of unforeseen circumstances or to grow your wealth over time, whole life insurance can provide you with the peace of mind you deserve.
Before making a decision, it's important to compare the different whole life insurance options out there. Factors such as coverage, premiums, and benefits should all be taken into consideration. To help you with your search, here is a list of the top 20 whole life insurance options in Singapore:
- Flexible coverage options
- Competitive premiums
- Cash value accumulation
- Dividend payouts
Take your time to review each option carefully and choose the one that best suits your needs and financial goals. Your future self will thank you for it!
- 1. Best Car Insurance Singapore | Casa Meraki Insurance Agency
- 2. Pacific Prime CXA
- 3. HL Assurance
- 4. Accord Insurance Agency
- 5. AKGI
- 6. eazy Pte Ltd - Insurance Broker & Portal in Singapore
- 7. FWD Insurance - Singapore
- 8. Chubb Insurance Singapore Limited
- 9. Diot-Siaci Asia | Local and International Insurance Broker
- 10. Prudential Singapore
- 11. Insurance Market Pte Ltd.
- 12. PolicyPal - AMTD PolicyPal Group
- 13. Great Eastern Life
- 14. Great Eastern Life PLQ
- 15. Tokio Marine Life Insurance Singapore
- 16. Life Insurance Corporation (Singapore) Pte Ltd
- 17. China Life Insurance (Singapore) Pte. Ltd.
- 18. China Taiping Insurance (S) Pte Ltd - Life & General Insurance
- 19. Singlife
- 20. Manulife (Singapore) Pte Ltd
- Monday: 9:30 AM–6:30 PM
- Tuesday: 9:30 AM–6:30 PM
- Wednesday: 9:30 AM–6:30 PM
- Thursday: 9:30 AM–6:30 PM
- Friday: 9:30 AM–6:30 PM
- Saturday: 9:30 AM–6:30 PM
- Sunday: Closed
1. Best Car Insurance Singapore | Casa Meraki Insurance Agency
Information and Reviews
With a remarkable rating of 5.0 and 430 reviews, Casa Meraki Insurance Agency has garnered rave feedback from satisfied customers. Customers have highlighted a few key points in their reviews:
- Efficient and friendly customer support
- Quick and hassle-free insurance process
- Competitive rates and timely reminders
- Professionalism and reliability
Their commitment to excellence and dedication to customer satisfaction make Casa Meraki Insurance Agency a highly recommended choice for all your insurance needs. Visit their website or contact them today to experience their exceptional service firsthand.
- Monday: 8 AM–7 PM
- Tuesday: 8 AM–7 PM
- Wednesday: 8 AM–7 PM
- Thursday: 8 AM–7 PM
- Friday: 8 AM–7 PM
- Saturday: Closed
- Sunday: Closed
2. Pacific Prime CXA
Information and Reviews
- Customers appreciate the dedication and patience of the brokers, such as Aliuska and Shi Hui, in explaining insurance policies and helping them find the best coverage options.
- Serena stands out for her personalized approach to assisting clients in choosing the right insurance plans for their specific needs.
- Shi Hui is highly recommended for her responsiveness and thorough guidance in selecting suitable health insurance schemes.
- Andrew and the support team at Pacific Prime Singapore are praised for their professionalism, efficiency, and quick responses to inquiries and claims.
With a high rating of 4.9, Pacific Prime CXA has earned the trust of numerous satisfied customers who value the expertise and support provided by the dedicated team of brokers.
- Monday: 9 AM–6 PM
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
3. HL Assurance
Information and Reviews
With a remarkable Rating of 4.5 stars based on 2447 reviews, customers have shared some key points about their experiences:
- Peace of mind when traveling overseas with competitive prices.
- Personalized customer service, including post-trip reminders for insurance claims.
- Convenient and easy steps to purchase travel insurance online.
- Affordable rates with excellent coverage, leading to repeat purchases for future trips.
Don't miss out on the opportunity to experience top-notch insurance services with HL Assurance for your next trip or insurance needs. Visit their website for more information and book your appointment today!
- Monday: Closed
- Tuesday: 9 AM–7 PM
- Wednesday: 9 AM–7 PM
- Thursday: 9 AM–7 PM
- Friday: 9 AM–7 PM
- Saturday: 9 AM–2 PM
- Sunday: Closed
4. Accord Insurance Agency
Information and Reviews
Customers have praised Accord Insurance Agency for their exceptional service and professionalism. Here are some key points from their reviews:
- If You need reliable, efficient, and cheaper car insurance look no further, Accord ins is the best!
- The staff at Accord Insurance were highly professional, courteous, and knowledgeable about the different insurance plans available.
- I’ve been with him for over 20 years and have been very happy with their services. Oliver is a professional, friendly, and caring individual with his customers.
- Queries were promptly replied, service was professional and the whole process was a breeze!
Accord Insurance Agency is commended for their dedication to customer satisfaction. Their commitment to providing top-notch services has garnered them a stellar rating of 4.9. If you're in need of reliable and excellent insurance services, Accord Insurance Agency is a top choice.
- Monday: Closed
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
5. AKGI
Information and Reviews
With a perfect rating of 5.0, customers have shared glowing reviews about their experiences with AKGI. Here are some key points summarizing their feedback:
- Professional and efficient service for all insurance needs
- Pro-active, patient, and helpful team for corporate insurance matters
- Excellent customer service with prompt attention and personal care
- Outstanding people relation skills, great coordination, and listening from the team
These reviews are a testament to the exceptional service and commitment AKGI provides to their clients.
- Monday: Closed
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
6. eazy Pte Ltd - Insurance Broker & Portal in Singapore
Information and Reviews
- Process was extremely easy, rates were the lowest, and the support team was quick and responsive.
- Responsive team, pleasant buying experience, and exceptional customer service from the CEO.
- Excellent and prompt service, managed to process applications within a day.
- Very prompt service, fully understood insurance needs, and went the extra mile to find suitable quotations.
Customers have noted the efficient and competitive nature of the business, praising their professionalism and dedication to providing top-notch service. Let eazy Pte Ltd take care of all your insurance needs effortlessly.
- Monday: 9 AM–6 PM
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
7. FWD Insurance - Singapore
Information and Reviews
- Customers appreciate the prompt response and clear instructions from the Customer Engagement Team.
- The customer service team is responsive and helpful, making it easy to deal with insurance matters.
- There are compliments for staff members who are knowledgeable about products and provide excellent customer service.
- Efficient and straightforward processes for making claims, with quick reimbursement and resolution of issues.
Visit their website to learn more about their offerings and how they can assist you with your insurance needs.
- Monday: Closed
- Tuesday: 9 AM–5 PM
- Wednesday: 9 AM–5 PM
- Thursday: 9 AM–5 PM
- Friday: 9 AM–5 PM
- Saturday: Closed
- Sunday: Closed
8. Chubb Insurance Singapore Limited
Information and Reviews
Here are some summarized customer reviews:
- Very easy web-based claim process with clear instructions and swift processing. Great customer service.
- Disappointed with the lack of human contact and care during the claim process. Basic amendments not addressed promptly.
- Extremely grateful for the customer service team's assistance and professionalism. Smooth refund process.
- Impressed by the efficient handling of a damaged luggage claim. Highly satisfied with the service.
With a solid rating of 4.2 out of 5, Chubb Insurance Singapore Limited has garnered positive feedback from satisfied customers who appreciate their quick and reliable service.
- Monday: 9 AM–6 PM
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
9. Diot-Siaci Asia | Local and International Insurance Broker
Information and Reviews
- Knowledgeable and helpful staff who simplify the complex world of insurance, making it easier for customers.
- Professional advice and personalized service provided by dedicated experts.
- Quick response times, efficient handling of insurance requests, and support throughout the process.
- Monday: 9 AM–4 PM
- Tuesday: 9 AM–4 PM
- Wednesday: 9 AM–4 PM
- Thursday: 9 AM–4 PM
- Friday: 9 AM–4 PM
- Saturday: Closed
- Sunday: Closed
10. Prudential Singapore
Information and Reviews
Customer reviews rave about the outstanding service received at Prudential Singapore. Here are some key points from the reviews:
- Miss Iris Tear provided exceptional customer service with patience, enthusiasm, and detailed explanations, making the experience worthwhile.
- Ms Chua Rui Ting was praised for her warm, patient, and efficient assistance with policy enquiries and nominations.
- Elysia Ng demonstrated impressive knowledge, patience, and dedication to providing exceptional service, earning high praise from customers.
- Customers appreciated the genuine interest and patience shown by staff members like Ms Elysia Ng and Doris Sia, ensuring a positive experience.
These reviews highlight the dedication of Prudential Singapore's staff in delivering top-notch service to their clients. Visit Prudential Singapore today to experience their excellent customer service firsthand!
- Monday: Open 24 hours
- Tuesday: Open 24 hours
- Wednesday: Open 24 hours
- Thursday: Open 24 hours
- Friday: Open 24 hours
- Saturday: Open 24 hours
- Sunday: Open 24 hours
11. Insurance Market Pte Ltd.
Information and Reviews
- Knowledgeable and professional staff
- Efficient and prompt communication
- Great guidance and assistance in finding suitable insurance plans
- Top-notch service and expert advice
- Monday: 9 AM–6 PM
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
12. PolicyPal - AMTD PolicyPal Group
Information and Reviews
- Customers appreciate the seamless purchasing experience and the convenience of being able to view and manage their insurance products on-the-go.
- The PolicyPal staff are easily reachable and provide excellent assistance with claims processing, ensuring a hassle-free experience for customers.
- The innovative features of the app, such as the ability to upload insurance policies for classification and easy access, have received positive feedback from users.
- Overall, customers are satisfied with the user-friendly interface, diverse insurance offerings, and the exceptional service provided by PolicyPal - AMTD PolicyPal Group.
- Monday: Closed
- Tuesday: 9 AM–5:30 PM
- Wednesday: 9 AM–5:30 PM
- Thursday: 9 AM–5:30 PM
- Friday: 9 AM–5:30 PM
- Saturday: Closed
- Sunday: Closed
13. Great Eastern Life
Information and Reviews
Some key points highlighted in the reviews include:
- Quick and informative service provided by the Executive Senior Financial Consultant.
- Efficient claims processing and prompt payment for medical expenses.
- Issues with claims processing, delays, and inconsistencies in communication.
- Frustration with customer service and lack of timely responses to queries.
Customers appreciate the accessibility features, such as wheelchair-accessible car park and entrance, that Great Eastern Life offers. Despite some challenges, many clients have praised the professional advice and support received from their dedicated agents. Visit their website for more information on the insurance products and services available.
- Monday: 9 AM–5:30 PM
- Tuesday: 9 AM–5:30 PM
- Wednesday: 9 AM–5:30 PM
- Thursday: 9 AM–5:30 PM
- Friday: 9 AM–5:30 PM
- Saturday: Closed
- Sunday: Closed
14. Great Eastern Life PLQ
Information and Reviews
- Entry procedures may be a bit challenging for first-time visitors, but the processing is efficient and friendly.
- Financial representative George Koh is highly recommended for his trustworthy and dependable service.
- Visitors can enjoy a delightful view from the 13th-floor office and experience short waiting times with the help of a queue number system.
- The customer service area on the 13th floor offers a welcoming environment, friendly staff, and a pantry area for small discussions.
Overall, the majority of customers have shared positive experiences while interacting with the staff and utilizing the services provided by Great Eastern Life PLQ.
- Monday: 8:45 AM–5:45 PM
- Tuesday: 8:45 AM–5:45 PM
- Wednesday: 8:45 AM–5:45 PM
- Thursday: 8:45 AM–5:45 PM
- Friday: 8:45 AM–5:45 PM
- Saturday: Closed
- Sunday: Closed
15. Tokio Marine Life Insurance Singapore
Information and Reviews
- Claim is quite fast.
- Excellent agent but the payout is ridiculous.
- Extremely rude and unprofessional outbound call team.
- Wanted to do a renewal urgently but faced delays and misinformation.
With a rating of 3.6 based on 143 reviews, Tokio Marine Life Insurance Singapore has built a reputation for reliability and professionalism. Customers have commended the company for its dedication to providing quality service. If you are looking for a trustworthy life insurance provider, Tokio Marine Life Insurance Singapore is the place to go!
- Monday: 9 AM–6 PM
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
16. Life Insurance Corporation (Singapore) Pte Ltd
Information and Reviews
- 27 years of life insurance field experience
- Courteous and professional staff
- Love
- Disappointed
Whether you are looking for comprehensive life coverage or financial planning solutions, Life Insurance Corporation (Singapore) Pte Ltd is committed to helping you find the right policy for your needs. Visit their website or contact them today to learn more about their services.
- Monday: 9 AM–6 PM
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
17. China Life Insurance (Singapore) Pte. Ltd.
Information and Reviews
The business prides itself on its commitment to customer satisfaction and reliability. Their team is dedicated to providing top-notch services and support to ensure their clients have peace of mind.
Here are some key points from customer reviews:
- Quick and efficient customer service
- Professional and friendly staff
- Diverse range of insurance products
- Excellent team collaboration and energy
Whether you are looking for personal insurance coverage or business insurance solutions, China Life Insurance (Singapore) Pte. Ltd. is here to assist you every step of the way. Visit their website or contact them today to learn more about their offerings.
- Monday: 8:45 AM–5:30 PM
- Tuesday: 8:45 AM–5:30 PM
- Wednesday: 8:45 AM–5:30 PM
- Thursday: 8:45 AM–5:30 PM
- Friday: 8:45 AM–5:30 PM
- Saturday: Closed
- Sunday: Closed
18. China Taiping Insurance (S) Pte Ltd - Life & General Insurance
Information and Reviews
- Customers praise the policy offerings and prize-winning opportunities provided by the company.
- However, some clients express dissatisfaction with the claim process transparency and customer service responsiveness.
- There are concerns raised about premium increases and negligence in handling claims that have caused frustration among customers.
Despite these challenges, some patrons have reported a pleasant experience with China Taiping, highlighting the consistent quality services offered by the company. If you are looking for insurance solutions in Singapore, China Taiping Insurance (S) Pte Ltd may be worth considering, although it is essential to weigh the provided feedback carefully.
- Monday: Closed
- Tuesday: 8:45 AM–5:30 PM
- Wednesday: 8:45 AM–5:30 PM
- Thursday: 8:45 AM–5:30 PM
- Friday: 8:45 AM–5:30 PM
- Saturday: Closed
- Sunday: Closed
19. Singlife
Information and Reviews
The customer reviews highlight the following key points:
- Customers have expressed frustration over specific claim conditions and the responsiveness of the claim process.
- Some clients have found the policy wording to be unclear, raising concerns about the reimbursement process for travel delays.
- However, others have praised Singlife for their professionalism and efficiency in handling claims, especially during emergencies like medical assistance during overseas trips.
Singlife offers wheelchair-accessible car park and entrance, ensuring accessibility for all customers. With a commitment to transparency and customer service, Singlife continues to provide insurance solutions tailored to their clients' needs.
- Monday: 9 AM–6 PM
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
20. Manulife (Singapore) Pte Ltd
Information and Reviews
Customer reviews highlight both positive and negative experiences with Manulife:
- Customers appreciate the professionalism and knowledge of the staff, especially mentioning Ms. Candice Soh as a standout in terms of customer service.
- There are concerns raised about the sales tactics of some agents, with reports of misleading information and aggressive sales approaches.
- Several customers express disappointment with the claims process, citing delays and difficulties in getting their claims honored.
- Others praise the accessibility options for wheelchair users, demonstrating the company's commitment to inclusivity and customer comfort.
Despite some mixed reviews, Manulife (Singapore) Pte Ltd continues to be a go-to destination for individuals seeking financial planning and consultancy services. Visit their website for more information and contact them to schedule a consultation.
Map of Whole Life Insurance Options in Singapore
Planning for your future involves considering the financial security of your loved ones after you're gone. Whole life insurance in Singapore offers a way to provide for your family in the long term, with coverage that lasts for your entire life. Take a look at the map below to see the various insurance providers that offer whole life coverage in Singapore.
What are the benefits of whole life insurance?
Whole life insurance in Singapore provides a range of benefits that can offer financial security for you and your loved ones. One key benefit is that it provides coverage for your entire life, ensuring that your beneficiaries receive a payout upon your passing. This can help cover funeral expenses, outstanding debts, and provide financial support for your family.
Another benefit of whole life insurance is that it can serve as a form of investment. Over time, the policy accumulates cash value, which you can borrow against or use to supplement your retirement income. Additionally, some whole life insurance policies pay out annual dividends, providing an additional source of income.
Finally, whole life insurance offers peace of mind, knowing that you have a financial safety net in place in case of unexpected events. Whether it's covering medical expenses or providing for your children's education, whole life insurance can help protect your loved ones financially.
How does whole life insurance differ from term life insurance?
Whole life insurance differs from term life insurance in several key ways. One of the main differences is that whole life insurance provides coverage for your entire life, whereas term life insurance only covers you for a specified period, such as 10, 20, or 30 years.
Additionally, whole life insurance policies accumulate cash value over time, which can be accessed through loans or withdrawals. Term life insurance policies do not have a cash value component and only pay out a death benefit if the insured passes away during the term of the policy.
While term life insurance is typically more affordable than whole life insurance, whole life insurance provides lifelong coverage, cash value accumulation, and potential dividend payments, making it a more comprehensive financial planning tool.
How much whole life insurance coverage do I need?
Determining how much whole life insurance coverage you need depends on your individual financial situation and goals. Factors to consider include your current income, outstanding debts, future expenses (such as mortgage payments or children's education), and the financial needs of your dependents.
A general rule of thumb is to have enough coverage to replace your income for a certain number of years, such as 5 to 10 times your annual salary. It's also important to account for inflation, as the cost of living will increase over time.
Working with a financial advisor can help you assess your insurance needs and determine an appropriate coverage amount based on your specific circumstances. They can also help you review your coverage periodically and make adjustments as needed to ensure that your insurance policy continues to meet your financial goals.
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