Term Life

Term Life

Term insurance plans covers for death and terminal illness (TI) and offers the option to add-on riders to enhance your coverage to include Total and Permanent Disability (TPD) and critical illnesses. Plans provide coverage for a specified period and are typically used to cover a temporary protection gap until you retire.

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Tip

According to the MAS Basic Financial Planning Guide, you may need mortality coverage equivalent to 9 times your annual income.

Products Available on FSM Global

Providers
Coverage Options
i-Protect

China Taiping

Covers:

Death, Terminal Illness

  • Guaranteed renewals up to age 85 for policies with 5 or 10 year coverage terms
  • Convert your i-Protect plan to another life insurance plan without further medical underwriting.
  • Coverage up to age 100.
Essential Term Life Cover

Etiqa

Covers:

Death, Terminal Illness

  • 5 year guaranteed renewal plan available
  • Option to increase coverage at key milestones without proof of good health
eProtect Mortgage

Etiqa

Mortgage

Covers:

Terminal Illness, Death, Total Permanent Disability

  • Choice of preferred interest rate from 1% to 4%.
  • Pay only 90% of your policy term and get covered for the remaining term
FWD Future First

FWD

Promo

Covers:

Death, Terminal Illness

  • Free surviving legal spouse coverage for 2 years and option to purchase coverage thereafter without need for underwriting.
  • Option to increase policy coverage at key life stages without underwriting.
  • Emotional support benefit (counselling and life coaching) and professional services benefit (legal advice sessions).
HSBC Life Term Protector

HSBC Life

Promo

Covers:

Death, Terminal Illness

  • Guaranteed renewals for policies with 15, 20, 25, or 30 year coverage terms
  • Convert your plan to another life insurance plan without further medical underwriting.
  • Add-on a rider to receive 100% of sum assured at age 99 if you outlive your policy.
  • Coverage up to age 99.
  • Indexation option to increase death benefit by 5% each policy anniversary without further underwriting to keep pace with inflation.
  • Coverage starts from S$100,000.
HSBC Life Term Protector Prime

HSBC Life

Promo

Covers:

Death, Terminal Illness

  • Option to purchase higher sum assured coverage starting from $2 million.
  • Indexation option to increase death benefit by 5% each policy anniversary without further underwriting to keep pace with inflation.
  • Coverage up to age 99.
  • Guaranteed renewals for policies with 15, 20, 25, or 30 year coverage terms
  • Convert your plan to another life insurance plan without further medical underwriting.
  • Add-on a rider to receive 100% of sum assured at age 99 if you outlive your policy.
ManuProtect Decreasing (II)

Manulife

Mortgage

Covers:

Death, Terminal Illness

  • Choice of interest rate options from 1% to 5%
  • Premium discount for joint lives application
ManuProtect Term II

Manulife

Covers:

Death, Terminal Illness

  • Quit smoking incentive for smokers to enjoy non-smoker premium rates if they can quit within the first 3 policy years
  • Guaranteed renewals up to age 85 for policies with 5 or 10 year coverage terms
Mortgage Term

Income Insurance

Mortgage

Covers:

Total Permanent Disability, Terminal Illness, Death

  • Choice of interest rate options from 1% to 7%
  • Flexible policy term of 5 to 35 years
Star Term Protect

Income Insurance

Covers:

Terminal Illness, Death, Total Permanent Disability

  • Small coverage amounts available (less than $500,000 sum assured)
TermLife Solitaire

Income Insurance

Covers:

Death, Terminal Illness

  • Coverage of $500,000 or more
  • Coverage up to age 100
  • Complimentary one-time medical concierge service with a minimum application of $3 million sum assured.
iFAST Digital Term

Raffles Health Insurance

Covers:

Death, Terminal Illness

  • Affordable premiums with SGD 1,000,000 coverage from just SGD 0.64/day*
  • Coverage in minutes, no medical check-up required
Singlife Elite Term II

Singlife

Promo

Covers:

Death, Terminal Illness

  • Regular Pay and Limited Pay option available
  • Increase basic policy coverage at key milestones without medical check ups
  • Coverage up to age 99
Singlife Simple Term

Singlife

Covers:

Death, Total Permanent Disability, Terminal Illness

  • Coverage options available from $150,000 to $500,000.
  • Get continuous protection until age 86 with yearly renewals.
TM Term Assure II

Tokio Marine

Promo

Covers:

Death, Total Permanent Disability, Terminal Illness

  • Coverage up to age 85
  • Increase coverage at specified life milestones without medical check ups
  • Guaranteed renewals for policies with 5 or 10 year coverage terms
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