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Insurance

iFAST Digital Term – *NEW* on FSMOne

Get up to S$1 million coverage in just 3 minutes. No medical check-up needed.

  • iFAST Insurance Team
  • |
  • Published on 02 Mar 2023

Our first in-house insurance solution, iFAST Digital Term is designed to cater to all your basic insurance needs. If you find the process of getting insurance a hassle, we have the solution for you!


What is iFAST Digital Term

iFAST Digital Term is a fully digital solution for insurance. A Term insurance, this plan provides coverage for death and terminal illness. Should you wish to enhance your coverage, we also offer four optional riders that you may choose to add-on. Our riders available are:

Check Your Price >


Key Benefits of iFAST Digital Term


#1 Flexibility to only choose the coverage you need

Offering affordably priced coverage for death and terminal illness, enjoy the flexibility of only adding on coverage or features that you think you need. Do not need Total Permanent Disability (TPD) coverage? Then don’t add a TPD rider to your base plan, it’s that simple! Avoid paying extra for features you do not need. Only choose and pay for the coverage that you need.

Application and purchase can be made online, with premiums payable using your FSM Cash Account. After a successful purchase, you may view your policy details in your FSMOne Account.


#2 Up to S$1 million coverage - just answer 3 health questions

iFAST Digital Term offers you the option to get up to S$1 million coverage just by answering 3 health questions! If you are in the pink of health, there is no need to undergo a health check-up to buy this plan. Apply online anywhere, at any time, and for any amount that you wish to purchase.

And if you are midway through application but would like more time, fret not as we also have the option to save your application. These applications can be saved for up to 3 months and are easily retrievable from your FSM Inbox.


#3 Affordably priced

Designed to be cost-effective, we kept premiums low by only including what we feel is an important part of getting insurance. Get up to S$1 million coverage from as low as just S$19.20 a month*, and enjoy further savings with our Insurance Rebate Program offering up to 45% commission rebates!

Here is an illustration of how our premiums compare to other insurers for a typical plan with S$1 million death and a cancer coverage component.

iFAST Digital Term
Other Insurer - Bundle 1
Other Insurer - Bundle 2
Annual premiums for S$1 million death
$230
$265
$265
Annual premiums for cancer component
$158^ ($200,000 cancer cover for coverage upon diagnosis)
$422 ($200,000 cancer cover for coverage upon diagnosis)
$228.10 ($100,000 staggered cancer cover only)^^
Client's commission rebate percentage
Diamond client: 45%
Diamond client: 45%
Diamond client: 45%
Commission rebate you can receive from this plan
$21
$17
$17
Total coverage received
1 million death + $200,000 cancer upon diagnosis
1 million death + $200,000 cancer upon diagnosis
1 million death + $100,000 staggered cancer cover^^
Actual cost paid for S$1 million death + S$200,000 cancer coverage
$367
$670
$476

^This is a rider on an additional basis, and has to be added onto the base plan.

^^Cancer cover for this plan is on a staggered basis. This means that unlike the other 2 cancer plans, a client (with $100,000 coverage) will only receive $50,000 for an early stage cancer.

*Profile: Age 30, non-smoker female for S$1 million base coverage of iFAST Digital Term. Assuming client is a FSM Diamond tier client. Premiums are rounded to the nearest whole number.

Click here to read more about Insurance Rebate Program


How do I purchase iFAST Digital Term?

To get a quote, go to "Insure" > "Buy Online" > "Digital Term", or click here to go to the iFAST Digital Term landing page.

You can get covered in just 4 steps! All you have to do is:

Step 1: Just fill in a few simple details or log into your FSMOne account to have these details pre-filled for you.

Step 2: Select your coverage amount and choose to add-on riders (optional).

Step 3: Answer 3 simple health declaration questions.

Step 4: Login, review your application, and make payment with your Cash Account.


Get Started >


Upon a successful purchase, you may also view your policy details under Account Summary > Protection > View Policy Detail.


Get covered with iFAST Digital Term

And enjoy up to 45% commission rebates!



Yes, I'm Interested!


Click here to find out how much protection you need


Available Products on FSMOne Insurance

Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment, General Insurance (Personal and Commercial)


from AIG, Allianz, Chubb, Etiqa Insurance, FWD Insurance, Great Eastern, Manulife, NTUC Income, QBE, Sompo and Tokio Marine Life Insurance


*Please check with our advisory team if the product you want is available on FSMOne Insurance


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All materials and contents found in this site are strictly for general circulation and informational purposes only and should not be considered as an offer, or solicitation, to deal in any of the funds or products found/identified in this site. While iFAST Financial Pte Ltd ("IFPL") has tried to provide accurate and timely information, there may be inadvertent delays, omissions, technical or factual inaccuracies and typographical errors. Any opinion or estimate contained in this report is made on a general basis and neither IFPL nor any of its servants or agents have given any consideration to nor have they or any of them made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You should consider carefully if the products you are going to purchase are suitable for your investment objective, investment experience, risk tolerance and other personal circumstances. If you are uncertain about the suitability of the investment product, please seek advice from a financial adviser, before making a decision to purchase the investment product. Past performance is not indicative of future performance. The value of the investment products and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. In respect of any matters arising from, or in connection with the said research analyses or research reports, recipients of the report are to contact IFPL at 10 Collyer Quay, #26-01 Ocean Financial Centre Building, Singapore 049315, or by telephone at +65 6557 2853. Where the report contains research analyses or research reports from a foreign research house and if the recipient of such research analyses or research reports is not an accredited investor, expert investor, institutional investor or an ex-accredited investor, IFPL accepts legal responsibility for the contents of such analyses or reports to such persons only to the extent as required by law. Please note that only certain security(ies) herein are available to all investors, while the rest are only available for certain persons to invest in, such as Accredited Investors (as defined in the Securities and Futures Act) or one who invests at least S$200,000 (or its equivalent currency) per transaction. To qualify as an Accredited Investor, one needs to submit a declaration form and certain relevant supporting documents, according to iFAST’s prevailing policies and procedures.

Please read our full disclaimers on the website at ( https://secure.fundsupermart.com/fsmone/policies/328125/investment-account-terms-&-conditions).

iFAST Financial Pte Ltd (IFPL) (registered address: 10 Collyer Quay #26-01 Ocean Financial Centre Singapore 049315, Telephone: 6557 2000) holds the Financial Advisers Licence issued by the Monetary Authority of Singapore ('MAS') to conduct regulated activities of advising on securities, marketing of collective investment schemes and arranging of any contract of insurance in respect of life policies, other than a contract of reinsurance and the Capital Markets Services Licence issued by the MAS to conduct regulated activities of dealing in securities and providing custodial services for securities. While IFPL has made every effort to ensure the independence of the report's contents, IFPL's nature of business is such that IFPL and its connected and associated entities together with their respective directors, officers and staff may be involved in providing dealing or investment-related services in the abovementioned securities, and have taken or may take positions in the securities mentioned in this report, and may also act as the principal for any buy or sell trades.


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