9 Best Life Insurance Companies in Singapore (2026)
A directory of 9 life insurance companies in Singapore, from AIA to Sun Life, with the plan types each says it offers and how each describes its status.
- Edited by
- Amir Wahab
- Published
- Reading time
- 7 min read
AI image by LocalRankChoosing a life insurer in Singapore starts with knowing who is allowed to sell the cover. This page lists nine life insurers that sell to customers here, and each one's own website describes its policies as covered by the Policy Owners' Protection Scheme, which applies to insurers registered by MAS for direct life business. The order is an editorial grouping, not a ranking, and nothing here is personal advice. Each write-up covers the plan types the insurer's site names. We leave out premiums, returns and ratings because they change and depend on your circumstances. Use the list to learn who is out there, then read current product summaries on the insurer's site before deciding anything.
1. AIA Singapore
AIA Singapore Private Limited is the local arm of the AIA group, and its website organises life cover into term, whole life and endowment plans, plus investment-linked plans that pair protection with fund investing. Its product pages describe term plans as cover for a chosen period and whole life plans as cover that continues for life, with named examples such as AIA Secure Flexi Term and AIA Pro Lifetime Protector (II). AIA states in its policyholder documents that it is a member of the Policy Owners' Protection Scheme run by the Singapore Deposit Insurance Corporation, which covers insurers registered by MAS for direct life business. Check each plan's product summary on AIA's site for current terms.
2. Great Eastern Life
The Great Eastern Life Assurance Company Limited sells life insurance in Singapore under the Great Eastern name. Its site groups personal cover into life, health, critical illness, personal accident, retirement income and wealth accumulation, and its life insurance page lists term, whole life and investment-linked plans, with examples such as GREAT Term 2 and GREAT Life Advantage 4. The insurer publishes a register of insured policies on its website, describing the Policy Owners' Protection Scheme as covering life policies, riders included, issued by scheme members. That wording points to its status as an insurer registered with MAS for direct life business. Its site also lists direct-purchase options bought online without an adviser. Read the current product summary for any plan before comparing it elsewhere.
3. Income Insurance
Income Insurance Limited is a Singapore insurer whose website presents life insurance alongside savings and investment products and a premium tier it calls the Solitaire series. Its product pages describe term life plans covering death and disability with optional critical illness protection, participating whole life plans, and investment-linked plans that combine cover with fund investing. A dedicated page on its site states that Income is a member of the Policy Owners' Protection Scheme, administered by the Singapore Deposit Insurance Corporation, and that both its life and general insurance products come under it. The site also provides direct-purchase plans that can be bought without an adviser, plus a support hub and online forms. Always read the latest product summary on Income's site for each plan's terms.
4. Prudential Singapore
Prudential Assurance Company Singapore (Pte) Limited runs the Prudential brand in Singapore. Its site sorts its range into health protection, life protection, wealth accumulation and legacy planning, with life protection described as covering whole life, term, maternity and mortgage-linked cover, and wealth accumulation including savings, retirement and investment-linked plans. Its PRUActive Term page, for example, describes a non-participating term plan and states that its policies fall under the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation. The company also lists a customer service centre in the city. Prudential's pages carry the standard notice that its advertisements have not been reviewed by MAS, so rely on the product summary and policy documents for current features and exclusions.
5. FWD Singapore
FWD Singapore Pte. Ltd. is the Singapore business of the FWD insurance group and sells much of its range through its website. Its pages list term life, critical illness, personal accident and investment-linked products, so it covers protection and investment-linked plan types in one place. A dedicated page on its site states that FWD Singapore Pte. Ltd. is a member of the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation, and it separates the life and general insurance policies the scheme covers. The site also publishes information on dispute resolution and a personal data protection policy. As with any insurer, read the current product summary and policy wording on FWD's site and keep a copy of what you sign up for.
6. Singlife
Singapore Life Ltd, which trades as Singlife, describes itself as a technology-enabled financial services company covering insurance, savings and investment. Its life range includes plans named Singlife Simple Term, Singlife Elite Term II and Singlife Whole Life Choice, plus direct-purchase term and whole life options, with optional riders for critical illness and disability on several plans. It also offers investment-linked plans and the Singlife Account, an insurance-based savings product. Singlife publishes a page stating that its policies are covered by the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation. Customers can apply online or through financial adviser representatives and manage policies through its MYSINGLIFE portal. Check the current product summary on Singlife's site, because plan features and terms are revised over time.
7. Etiqa Singapore
Etiqa Insurance Pte. Ltd. sells insurance in Singapore, and its personal insurance section includes both life and general lines. On the life side, its site lists term policies, whole life policies, endowment policies, annuities and accident and health cover. Etiqa's Policy Owners' Protection Scheme page states that insurers registered by MAS to carry on direct life business, other than captive insurers, are scheme members, and it confirms that its life policies, riders included, are covered. The site publishes a customer care hotline, an email address and an appointment-based service centre, plus a mobile app and online portal for managing policies. Review the current product summary for any plan on Etiqa's own site before comparing it with those from other insurers.
8. China Life Insurance (Singapore)
China Life Insurance (Singapore) Pte. Ltd. sells life insurance in Singapore under the China Life name. Its site groups its range into endowment plans, retirement plans, legacy planning, protection plans covering term life, critical illness and accident, and riders. Its product pages describe participating whole life plans such as China Life Lifetime Income, and direct-purchase term and whole life plans such as DIRECT China Life Term Plan. The site states that its policies are protected under the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation. It also warns customers about impersonation scams and lists an official SMS sender ID, which helps when checking whether a message is genuine. Read each plan's current product summary on China Life's site before drawing comparisons.
9. Sun Life Singapore
Sun Life Assurance Company of Canada operates in Singapore through its Singapore branch, and its Singapore site positions the business around private wealth. It states that it serves high net worth and ultra high net worth clients, offering SunBrilliance Whole Life, SunBrilliance Indexed Universal Life and SunBrilliance Indexed Savings plans, which the site describes as tools for protecting, growing and passing on wealth. The site says it is licensed and regulated by the Monetary Authority of Singapore and that its policies are protected under the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation. Its range is narrower than a mass-market insurer's. Read the current brochures on Sun Life's site, including how indexed plans work, before comparing options.
How to choose
- Confirm the company is registered with the Monetary Authority of Singapore for direct life business. MAS publishes a financial institutions directory you can search, and a legitimate insurer states its status on its own site. Treat anyone offering life cover who cannot be found there as a warning sign, and verify contact details independently.
- Look at who is selling you the plan. A tied or direct insurer, an independent financial adviser and a bank may each earn differently for the same product. Ask how the person is paid and whether they offer products from more than one company, so you can judge any conflict of interest.
- Read the product summary and policy contract, not just the brochure. They set out what is covered, what is excluded, how benefits are defined and which charges apply. Pay attention to how a plan describes guaranteed and non-guaranteed elements, because only the guaranteed portion is certain and the rest depends on future performance.
- Learn how protection works if an insurer fails. Insurers registered for direct life business are members of the Policy Owners' Protection Scheme run by the Singapore Deposit Insurance Corporation, which covers guaranteed benefits up to limits. Check what the scheme covers and its caps, so you do not assume everything is protected.
- Test the service before you need it. Look at how claims are made, what documents are needed, how complaints are handled, and what recourse exists if you disagree. The Financial Industry Disputes Resolution Centre handles disputes with financial institutions. Keep copies of everything you sign and review your policies periodically as circumstances change.
. No changes recorded since.
Founder and Editor
Amir Wahab is the founder and editor of LocalRank, an independent Singapore rankings and local guides publication.
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