7 Best Investment-Linked Policies (ILPs) in Singapore [2024 Comparison]

…Compare and Save Precious Time & Money

1179+ Singaporeans have benefitted from our comparisons

best investment linked policy ilp singapore comparison
  • Avoid multiple agents yet be able to compare across 18 insurance companies
  • ​Our DeepDive™ provides an in-depth comparison of the best investment-linked policies (ILPs) in Singapore
  • Tailored to your specific needs with personalised quotes and premiums
  • Passively grow your money for important milestones, such as your retirement or your children’s education

We’re Mentioned On

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The Purpose of an Investment-Linked Policy

An investment-linked insurance plan is a policy that is meant for wealth accumulation.

Modern-day ILPs have negligible insurance coverage, so the premiums go to making your money work harder.

As the important financial goals in life, such as retirement and children’s education, can amount to a significant sum of money, you’d rather take smaller and easier steps early than face an unachievable goal towards the end.

The ILP allows you to break down your investments into bite-sizes spread over the long term. This is also a way to dollar-cost average so that your investments are less affected by market timing.

If you’re too busy at work and you’re not doing much to your surplus savings, take advantage of this passive approach of investing, so that you can focus on the true income-generating asset – your career.

Best Investment-Linked Plan in Singapore (Comparison for 2024)

If you like the idea of an investment-linked plan, what’s next?

Finding the best one of course!

You’re using your hard-earned money and you’ll want to make the best decision (with no regrets in the future).

But ILPs come in all shapes and sizes… and one size doesn’t fit all.

The only way to find the best one for you is to do an in-depth comparison across the different plans offered by the different insurance companies.

And that’s what we’re good at.

Here’s a non-exhaustive list of investment-linked insurance plans that we can compare:

Insurance CompanyPlan Name
AIAPro Achiever 3.0
Singlife with AvivaSavvy Invest
HSBC LifeWealth Abundance
Wealth Invest
Wealth Accelerate
Wealth Harvest
FWDInvest Goal Flexi
Invest First / Invest First Plus
Invest Goal 1
Invest Goal X
ManulifeManuInvest Duo
Manulink Investor (II)
InvestReady (III)
SmartRetire (V)
Income Insurance (formerly NTUC Income)AstraLink
Invest Flex
Tokio MarineAltas Wealth
#goWealth Enrich

What’s in our Investment-Linked Policy Comparison DeepDive™

best investment linked policy ilp singapore comparison

Unlike others, our DeepDive™ gives you the Good and the Bad
So you will be equipped to make better decisions.

What we’ll cover in the comparison:

  • Premium amount
  • Policy and premium term
  • Illustrated surrender values
  • Secondary benefits
  • Applicable charges
  • Potential disadvantages
  • Anything else you wish to know…

We spent hours scrutinising policy documents so that you don’t have to.

But, We Do Things Differently

Unlike others, we don’t publish these comparisons online (comparisons from other sites are usually generic, may contain outdated information, and their quotes aren’t specific to your profile and your needs). Also, we don’t send these personalised comparisons directly to your email.

We do this on an appointment basis (via Zoom video call or a meet-up) to first understand your situation before going through the comparison with you. This ensures that we can provide appropriate advice there and then.

It may sound troublesome to you, but hear us out.

3 Reasons Why We Need to Meet

(Either through a Zoom video call or a meet-up)

You just want to look at the numbers… you have no time… you don’t want to meet strangers.

Perhaps you’re here because you were doing research online or came looking for more information when someone – a friend or agent – told you about this.

So you think, “Just email the comparison and quotes to me!

As consumers ourselves, we understand the convenience of that.

But a mere comparison table will not help you make a concrete decision (one that you can set in stone).

Here are 3 reasons why there’s a need to meet:

1) Give Accurate Recommendations

understanding your situation

Can you be absolutely sure of what you want? Could there be something that you may have missed?

A wrong decision might lead to a lifetime of regrets.

If you go to a doctor and without asking you anything, the doctor gives you medicine for this, this and this.

Would you have full confidence in the solution? No.

And that’s why there’s a need to understand your situation first before we give a recommendation – we’re not in the business of pushing products.

2) Requirement of MAS

requirement of MAS

In the Financial Advisers Act, it is stated that for a recommendation to be made, information on the client has to be gathered first.

Any inaccurate or incomplete information may affect the suitability of the recommendation.

Over the years, MAS has imposed stricter regulations to ultimately protect Singaporeans (and that includes you).

It is there for a reason and that is to ensure that you don’t end up with an unsuitable plan.

3) Touch on Fine Prints

What’s the purpose of a comparison table?

It’s to present information in an organised and simple way so that you can make a decision based on it.

But can you really make an informed decision from it?

If you can easily do that, there wouldn’t be a need for two-digit pages of policy documents (for just one plan).

Some fine print and clauses might make or break your decision.

And that’s why we meet to not only show you the comparisons but to go through any critical pointers that you must be aware of.

We don’t want to overpromise and underdeliver.

What Singaporeans Are Saying (Reviews & Testimonials)

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We Compare 18 Insurance Companies to Find the Best Investment-Linked Policy for Your Needs

This Is Great if You:

  1. Don’t know which plan is the best
  2. Don’t wish to waste precious time and money going to individual companies for quotes
  3. Don’t wish to tear your hair out looking through product documents

Our Trusted Providers

  • AIA
  • Singlife with Aviva
  • Friends Provident
  • China Life
  • Generali Worldwide
  • China Taiping
  • Income Insurance (formerly NTUC Income)
  • Manulife
  • LIC
  • Old Mutual
  • Swiss Life
  • HSBC Life
  • AXA
  • Tokio Marine
  • Singlife
  • Transamerica
  • Etiqa
  • FWD

Frequently Asked Questions

What is an investment-linked plan in Singapore?

An investment-linked policy allows you to make regular investments spread over a period. It could also provide you with higher potential returns compared to other policies, such as endowment plans.

Are investment-linked insurance plans worth buying?

If you’re too busy at work to do anything with your surplus cash, doing nothing could be more financially detrimental. The cost of living will always rise while bank interests stay low, so your money will devalue over time. An ILP helps you to grow your money according to your risk appetite.

Is this service free?

Yes, there’s no fee involved.

How long does the appointment take?

It typically takes around 45 minutes. However, it can be longer for more complex situations or if you have further questions.

Are there any obligations?

Depending on your situation, we may or may not recommend solutions. If we do, it’s entirely up to you to go ahead with it. As consumers ourselves, we dislike high-pressure tactics.

Should I bring my existing policies?

Yes! If you do have them, do bring them along (or a policy summary) as we can provide more accurate feedback.

How is this appointment conducted?

This can be done over a Zoom video call or a meet-up.