5 Best Term Life Insurance Plans in Singapore (2026) — Singlife, Great Eastern, FWD, AIA & Income Compared

One of the most flexible term plans around: you can choose coverage all the way to age 99, pick Regular or Limited premium payment, and convert to a Singlife whole-life or endowment plan later WITHOUT further medical underwriting — handy if your needs change. It covers death and terminal illness (with rider options), and runs a sizeable perpetual discount on the base plan. BEST FOR: people who want long, flexible coverage with a future option to switch to permanent cover. Confirm your exact premium and the current discount on Singlife's site or via an adviser.

A straightforward level term plan with five policy-term options (coverage to age 65, 70, 75, 80 or 85) and optional critical illness, TPD and premium-waiver riders — so you can match the term to when your mortgage ends or kids become independent. There's also a DIRECT - GREAT Term version sold without a commission, which can be cheaper if you don't need advice. BEST FOR: people who want to fine-tune the term length and consider a commission-free buy. Confirm premiums on Great Eastern's site.

FWD's term plan is built for a quick, fuss-free online purchase — you can get up to S$1.5 million coverage through its hassle-free online application (no medical check-up on that path), covering death, terminal illness and TPD, with renewable 5-yearly or fixed 20-year / to-age-65 terms and an escalating-coverage option. BEST FOR: healthy buyers who want to sort out a sizeable policy online in minutes without an adviser appointment. Confirm the latest coverage caps and your premium on FWD's site.

A level-premium term plan with a wide range of terms (5 to 40 years) covering death, terminal illness and terminal cancer, with optional CI/TPD riders. You can convert to a selected AIA plan before age 70 with no further medical questions, and pairing it with AIA Vitality can reduce premiums by up to around 15% for a healthy lifestyle. BEST FOR: people who want a longer term and are happy to engage with a wellness programme for savings. Confirm your premium and the current Vitality discount with AIA or an adviser.

NTUC Income's term plan covers death, terminal illness and TPD (before age 70), with term options of 5-35 years or up to age 54/64/74. Its standout is guaranteed renewal up to age 79 without re-underwriting (if no claim has been made) — a useful safety net if your health changes and you still need cover later. BEST FOR: people who value the option to keep renewing even if their health deteriorates. Confirm the current terms and your premium on Income's official site.