Compare the Best Whole Life Insurance Plans in Singapore (2026)

Singlife Whole Life Choice

The base coverage for Singlife Whole Life Choice includes protection against death and terminal illness.

You can select an additional coverage amount of 100%, 200%, 300%, or 400% of the basic sum assured. This additional coverage will remain in place until your chosen additional cover age of 65, 70, 75, 80, or 85.

In addition to the base coverage, you can add riders for total and permanent disability (TPD), critical illness (CI), and early critical illness (ECI).

A unique feature of this plan is that, once the insured reaches the selected additional cover age, the additional coverage reduces by 12.5% each policy year for 8 years until it becomes 0. This gradual reduction period is longer than similar plans with phased reductions. This feature not only applies to the base cover (death and terminal illness) but also to eligible riders (TPD, CI, and ECI).

For premium payments, you can choose a term of 10, 15, 20, or 25 years, or pay up to age 65.

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HSBC Life – Life Treasure III

The basic cover includes protection against death, terminal illness, and TPD. You can add riders to cover CI and ECI.

The plan offers multiplying factor options of 2.5, 3.5, 4.5, and 6 times the basic sum assured.

The multiplier coverage age options are 65, 70, and 80.

This plan features a gradual reduction of the multiplied insured amount upon reaching the multiplier coverage age. The multiplier benefit decreases by 10% annually for the subsequent five years. After this, it remains at 50% for the rest of the policy term. For example, if your basic sum assured is $200,000 and you select a 3.5 times multiplier, you would have a coverage amount of $700,000 until age 70 (or the multiplier coverage age option you’ve chosen). This amount would reduce by $70,000 per year over the next five years, leaving a final figure of $350,000.

It’s important to note that this gradual reduction applies only to the basic coverage (i.e., death, terminal illness, and TPD). It does not affect CI and ECI riders.

Premium payment term options are 10, 15, 20, 25, and 30 years.

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Manulife LifeReady Plus II

Manulife LifeReady Plus II offers protection with its base plan, covering death, terminal illness, and TPD. You can enhance your plan with riders that provide coverage for CI and ECI.

The plan includes coverage multiplier options of 1, 2, 3, 4, and 5 times the basic sum assured. The multiplier benefit is available until either age 70 or 80, depending on the option you select.

You have several choices for paying your premiums. You can opt for payment terms of 10, 15, 20, or 25 years, or extend payments up to age 99 — a rare option for similar plans.

A unique feature of this plan is its “Health Advantage” benefit. If you meet the prevailing underwriting guidelines at the time of application, you can enjoy a premium discount on the base plan for the first two years. This discount can be extended for subsequent years if you meet specific health targets. These targets are assessed through a form certified by a medical examiner. However, if the health targets are not met, the standard premium rate will apply. Terms and conditions apply.

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Income Insurance Complete Life Secure

Income Insurance Complete Life Secure provides a base cover that protects against death, terminal illness, and TPD. You can add riders for CI and ECI too.

The plan offers a minimum protection value of 100%, 200%, 300%, 400%, or 500% of the basic sum assured. This benefit is available until the expiry ages of 65, 75 or 80 (last birthday).

Premium payment terms are adaptable, with options of 5, 10, 15, 20, 25, or 30 years. Alternatively, you can choose to pay until age 64 (last birthday).

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FWD Life Protection

The base coverage is on death, terminal illness, and TPD. You also have the option to include CI and ECI riders.

The plan allows you to multiply your coverage by 2x, 3x, or 5x. You can also select a minimum protection level age of either 75 or 85 years.

Premium payment terms are flexible, with limited-pay options of 5, 10, 15, 20, or 25 years.

A notable feature of this plan is the gradual reduction of the coverage amount upon reaching the minimum protection level age. The coverage reduces by 10% annually for the next five years and then remains level for the rest of the policy term. This gradual reduction also applies to eligible riders such as CI and ECI.

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