What is Singlife term life insurance?

Singlife term life insurance is a pure-protection plan that pays a lump sum if you die or are diagnosed with a terminal illness during the policy term, with total permanent disability (TPD) and critical illness covered as core benefits or optional riders depending on the plan. Simple Term: Straightforward, no-frills, $150,000–S$500,000 coverage for death, TPD, and personal accident Elite Term II: Customisable sum assured coverage for death and terminal illness Neither builds cash value in the base plan.

Can I renew my Singlife term policy to a whole life insurance?

Singlife Simple Term doesn't offer a conversion option. Singlife Elite Term II does, through its Guaranteed Convertibility Option: Convert fully or partially into a new endowment or whole life plan No further medical underwriting required The policy must be in force, and you must be 65 or younger when you exercise it

What riders can I add to Singlife term insurance?

On Singlife Simple Term, TPD is already built into the base plan. Hence, the other two riders you may add are: Critical Illness Cover (up to S$350,000) and Personal Accident Cover. Meanwhile, Singlife Elite Term II offers a different set, including TPD Advance Cover Plus III and several critical illness options tied to your sum assured.

Do I need a medical exam to apply for Singlife term insurance?

Most Simple Term applicants with sums assured up to S$500,000 can skip the medical exam and answer a few health questions instead . Higher sums, a complex medical history, or certain riders may still require one.

What exclusions apply to Singlife term insurance?

Common insurance exclusions apply, such as: Suicide within the first 12 months of the policy, Death or injury from war or civil unrest, Pre-existing conditions not disclosed at application, Undeclared high-risk activities, and Death or injury linked to illegal activity or substance abuse. Exact exclusions vary by plan, so check your policy contract.

What happens if I don’t claim on my Singlife term policy? Do I get my premiums back?

For Singlife Simple Term, no; there's no cash value or maturity payout, so your premiums aren't refunded if you never claim. In contrast, Elite Term II's Limited Pay option is the exception: it returns 100% of your base plan premiums if you outlive the coverage term.

What happens if I cancel or miss a payment on my Singlife term policy?

Within 14 days of receiving your policy, you can cancel for a full refund, no questions asked. After that, cancelling stops your protection immediately with no refund. If you simply miss a payment, Singlife gives you a 30-day grace period to catch up; miss that too and your policy lapses, though it can usually be reinstated within 1–2 years with fresh underwriting.

Can I pay Singlife term insurance with MediSave or CPF?

No, Singlife’s term plans have no investment-linked component, so they don’t qualify for CPF-IS or MediSave. Payment has to be made via GIRO, credit card, or bank transfer. MediSave is reserved for approved healthcare schemes like MediShield Life and Integrated Shield Plans , not private term insurance.

Singlife Term Insurance

Protecting your family’s financial future starts with understanding your options. With Singlife’s MAS-regulated term life plans, you pay premiums for a set period and your beneficiaries receive a lump sum payout if you pass away or are diagnosed with a terminal illness during the term.

Offering up to S$500,000 in base coverage, these plans are flexible, allowing you to add riders for critical illness, TPD, and personal accident protection. This guide will walk you through how Singlife’s plans work, who they are for, and how to choose the right coverage for your life stage.

Why Choose Singlife Term Insurance?

Enter from age 1-65 and renew up to age 85, even if your health changes. Lock in coverage early when premiums are lowest, then extend protection as your family grows.

Add critical illness (up to S$350,000), TPD (total or permanent disablement), or personal accident riders as your needs evolve. Start with base coverage, then build up—no need to buy everything upfront.

What is Term Life Insurance & How Does It Work?

Term life insurance is pure protection where you pay premiums for a set period (the “term”), and if you die or become terminally ill during that time, your beneficiaries will receive a lump sum payout.

Unlike its counterpart, whole life insurance, there’s no cash value or savings component. This makes term life plans more affordable coverage for Singaporeans through life-stage obligations, especially if you’re the primary breadwinner.

Your sudden absence could leave your family struggling with:

Outstanding housing loans (HDB, condo, or private property mortgages)
Daily living expenses (groceries, utilities, transport, healthcare)
Ageing parents’ care or medical costs
Final expenses (funeral costs, estate settlement)

Term Life vs Whole Life Insurance: Key Differences

Feature	Term life insurance	Whole life insurance
FeaturePremiums	Term life insuranceLower; affordable, purely for protection	Whole life insuranceHigher; includes savings / investment component
FeatureCoverage length	Term life insuranceFixed term (e.g. 10, 20, 30 years or up to age 85)	Whole life insuranceLifetime (usually to age 99 or 100)
FeaturePayout	Term life insuranceLump sum if you die / become TPD during term	Whole life insuranceDeath benefit + potential bonuses / dividends
FeatureCash value	Term life insuranceMaximum protection at minimum cost at various high-obligation life stages (families, young parents, mortgage holders)	Whole life insuranceLifelong coverage with savings / investment component Those able and willing to pay higher premiums

Myth 1: "If I don’t claim, I wasted my money”

Reality: Term life isn’t a savings product, it’s for protection. You buy for peace of mind, not profit.

If you never claimed, that’s actually a good thing because that means you stayed healthy and your family didn’t face a tragedy.

Myth 2: “My employer group life insurance is enough.”

Reality: Employer coverage is typically limited (1–2x annual salary) and ends when you leave the job.

Personal term life plans stay with you regardless.

Myth 3: “Term life is only for people with kids.”

Reality: Even if you don’t have children, term life can cover debts, final expenses, or support ageing parents.

Meet our financial advisors

You don’t need to do this alone. Our advisors are here to help you plan it right.

Our advisors aren’t here to push plans. They’re here to understand your life, answer your questions, and help you protect what matters most.
Meet our MDRT-qualified specialist and his team.

Edwin Ooi

Senior Financial Advisory Manager, MDRT-qualified specialist

‘My focus is to always provide advice through a “needs-based” approach, and help clients integrate their insurance plans with their overall financial planning.’

Estelle Lim

Financial Advisory Specialist

‘I’m all about making money matters feel less scary and way more doable. I love getting to know people, keeping things real, and making sure you feel totally supported (and never overwhelmed) when it comes to planning for your future.’

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Types of Singlife Term Insurance Plans: Comparison

Singlife offers three main term life insurance options in Singapore: Singlife Simple Term, Singlife Elite Term, and MINDEF / Group Term Life. This comparison table breaks down the core features, coverage, premiums, riders, and eligibility for each plan—helping you identify which plan aligns with your protection needs.

Feature	Singlife Simple Term	Singlife Elite Term II	MINDEF / Group Term Life
Coverage scope	Up to S$500,000 for death, terminal illness, and total permanent disability (TPD) coverage each	Customisable sum assured coverage; lump sum payout upon death, terminal illness	Death and TPD: Up to $350,000 (automatic since 1 Nov 2025); boostable to S$1 million combined with Group Personal Injury under the Voluntary Scheme Accidental TPD: Group Personal Injury pays 150% of coverage amount
Add-on riders	Personal accident rider Up to S$350,000 critical illness	Critical Illness (CI) Advance Cover Plus Multipay CI Cover Comprehensive CI Cover TPD Advance Cover Plus III	Living Care (up to S$500,000 coverage for 37 critical illnesses) Living Care Plus (Up to S$500,000 for 10 early-stage CI) Disability income monthly payout, up to age 70 (capped at 50% of basic salary per month, up to S$120,000 per year) Outpatient Medicare for outpatient consultations and treatment: Plan A: $1,000 annual limit Plan B: S$500 annual limit
Eligibility	Singaporeans / PRs Age 1–65 at entry	Singaporean / PRs Confirm age via quote from Singlife	Full-time NSFs, NSmen, regulars, and SAF / NS volunteers and dependants
Premium and term structure	Renewable yearly until age 86 (last renewal at age 85) Premiums paid monthly, quarterly, half-yearly, or yearly*	Regular pay: 5/10-year or custom terms to age 85/99 Limited pay: Cover to age 99, but only pay premiums for 5/10 years or to age 65/75	Flat group rate by age band, not health; fixed to age 65 (Group Term Life) or 70 (Group Personal Injury)
Conversion options	N/A	Guaranteed Convertibility Option (GCO): Convert to new endowment plan or whole life plan without further underwriting (< age 65)	Not convertible; individual plan coverage recommended post-service
⭐ Best for	No medical exam required for online application Quick coverage of up to S$500,000 Premiums start from S$0.37 per day	Highly customisable coverage and riders Quit Smoking Incentive: Non-smoker rates for first 3 policy years Flexible terms for bespoke protection design	Exclusively for MINDEF / NSF personnel / families with group rates and special eligibility No medical underwriting for Voluntary Scheme coverage up to S$300,000 Premiums fixed by age rather than individual health status

*Premiums increase yearly; based on age, sum assured (S$150k–S$500k), and/or riders

Disclaimer: Singlife Simple Term’s S$0.37/day premium rate is based on S$500,000 coverage for a 30-year-old non-smoking female. Actual premium will vary by age, gender, health status, sum assured, and riders selected.

If you want deeper guidance on how term life plans work or what coverage means, visit our guide to how term insurance works in Singapore.

Young professionals

Singlife Simple Term

Needs: New career, first BTO/housing loan, no dependants yet.

Why Singlife fits:

Affordable premiums for starter budgets
Flexible payment frequency
LLow rates locked in early

Families and parents

Singlife Simple Term + CI / PA riders

Needs: Young children, mortgage, childcare

Why Singlife fits:
Term plan protection + CI rider layers protection as family grows, covering early CI onset of cancer, heart attack, stroke, etc.

High-income earners

Singlife Simple Term or Elite Term II

Needs: Significant assets, business / property liquidity might be needed for estate planning or business continuity.

Why Singlife fits:

Customisable coverage + accelerated TPD / CI riders
Term life plans pay out cash quickly

Note: Above S$500k coverage might need multiple policies

NSFs and MINDEF personnel

MINDEF / Group Term Life + Simple Term after

Needs: Group coverage via MINDEF & MHA will end at ORD; continued protection thereafter required.

Why Singlife fits:
Buy Singlife Simple Term during NS to lock in low rates while young

Pre-retirees and seniors

Simple Term

Needs: Nearing retirement or to cover final debts / expenses

Why Singlife fits:
Plan entry up to age 65 available; renewable till age 86

How to apply for your Singlife Simple Term insurance plan

Getting your preferred Singlife term insurance plan is a really easy and quick process because it takes less than 10 minutes if you do it online via Singlife's website, or you can speak to your Singlife financial adviser representative to get it done.

Step 1

Get a quote from MoneySmart financial advisors

Before committing to a term plan, speak to our qualified MoneySmart financial advisors to review your protection.

They can:

Calculate the right sum assured based on your debts, dependants, and financial goals
Compare Singlife’s plans (Simple Term, Elite Term II, MINDEF / Group options) for your best fit
Assess which riders (critical illness, TPD, personal accident) best apply to you
Generate a transparent, personalised quote with no hidden fees or pressure to purchase

Step 2

Review eligibility and prepare documents

Once you've decided on a plan, confirm you meet the eligibility requirements and gather the necessary documents before applying.

NRIC (front and back)
Proof of income (payslips, tax notices, bank statements for higher sums assured)
Medical history declaration (usually no medical exam needed up to S$500,000)
Beneficiary details (full name, NRIC, relationship to insured)

Step 3

Submit your application

Our MoneySmart financial advisors can submit the application on your behalf, ensuring all forms are completed correctly.

You’ll receive an acknowledgement email confirming receipt of application.

Step 4

Complete medical checks (if needed)

Most Singlife Simple Term applicants (up to S$500,000) skip the medical exam.

However, medical checks may be needed if:

Applying for a sum assured above S$500,000
Have a complex medical history (pre-existing conditions, recent diagnoses)
Applying for certain riders (critical illness, TPD) with high coverage amounts

If medical checks are required:

Singlife will arrange for a panel clinic or home visit (at no cost to you).
You'll complete a health questionnaire, physical exam, blood test, and/or urine test.
Results are sent directly to Singlife for underwriting.

💡 MoneySmart Tip: Be honest and thorough in health declarations to avoid claim denials in the future.

Step 5

Underwriting and assessment

Singlife reviews your application and health declaration to set your final premium.

Possible outcomes:

Approved as applied: Your premium and coverage are confirmed as quoted.
Approved with exclusions: Coverage approved, but certain conditions are excluded (e.g. pre-existing heart condition excluded from TPD rider).
Approved with loading: Coverage approved, but premiums are higher due to health risks.
Declined: Application rejected due to high-risk health factors or ineligibility.

Most applications are processed within 7–14 business days; complex cases may take 3–4 weeks.

Step 6

Receive approval and make first payment

Pay monthly (GIRO or credit card) or quarterly/half-yearly/yearly (bank transfer or credit card). You'll receive your policy contract, policy schedule, and a welcome email with portal access.

💡 MoneySmart Tip: Use GIRO to avoid missed premium payments.

Step 7

Policy delivery and portal access

Once your first payment clears, your policy is active. You'll get your documents by email or mail, plus access to the MySinglife portal for policy management, claims, and updates.

Step 8

Free-look period review (14 days)

You have 14 days from receiving your policy to review it and cancel for a full refund if you're not satisfied—no questions asked.

To cancel, contact Singlife (6827 9933 or [email protected]) with a written request. Refunds will be processed within 7–10 business days.

One Policy Might Not Fit Every Life Stage 🏥

Reach out to our professional financial advisors and compare life insurance plans across Singapore's top insurers—free, and no pressure to buy.

Get Expert Advice

How to Claim or Renew Singlife Term Life Insurance

1. Prepare your claim documents

Visit the Singlife Life Insurance Claims page to download the correct claim form and review the required documents checklist.

Documents you'll need:

Completed claim form (choose based on claim type: death, TPD, CI, or accident)
NRIC/identification of claimant and insured Death certificate (for death claims)
Medical reports and test results (for TPD/CI claims)
Police report (for accident claims)
Policy contract or certificate
Proof of relationship to insured (for beneficiary claims)

2. Submit your claim

Submit your completed forms and supporting documents via:

Online: Upload documents through Singlife's Life Insurance Claims portal
Email: Send to [email protected] with subject: "Claim Submission: [Policy Number] - [Type of Claim]"
By mail or in person: Submit to Singlife's Customer Service Centre at 4 Shenton Way #01-01 SGX Centre 2, Singapore 068807

3. Receive your claim payout

Once Singlife receives all necessary documents, they'll review your claim and notify you of the outcome:

Approved claims: Payout disbursed to nominated beneficiary or policyholder via PayNow-NRIC (if registered) or cheque within 7-10 working days.
Additional info needed: Singlife will contact you. Respond quickly to avoid delays.
Rejected claims: You'll receive written reasons and appeal options.

Typical processing times:

Simple death claims: 7–14 business days
TPD / CI claims: 14–30 business days
Accident claims: 10–21 business days

FAQs About Singlife Term Insurance in Singapore

What is Singlife term life insurance?: Singlife term life insurance is a pure-protection plan that pays a lump sum if you die or are diagnosed with a terminal illness during the policy term, with total permanent disability (TPD) and critical illness covered as core benefits or optional riders depending on the plan.

Simple Term: Straightforward, no-frills, $150,000–S$500,000 coverage for death, TPD, and personal accident

Elite Term II: Customisable sum assured coverage for death and terminal illness

Neither builds cash value in the base plan.
Can I renew my Singlife term policy to a whole life insurance?: Singlife Simple Term doesn't offer a conversion option. Singlife Elite Term II does, through its Guaranteed Convertibility Option:

Convert fully or partially into a new endowment or whole life plan

No further medical underwriting required

The policy must be in force, and you must be 65 or younger when you exercise it
What riders can I add to Singlife term insurance?: On Singlife Simple Term, TPD is already built into the base plan. Hence, the other two riders you may add are: Critical Illness Cover (up to S$350,000) and Personal Accident Cover. Meanwhile, Singlife Elite Term II offers a different set, including TPD Advance Cover Plus III and several critical illness options tied to your sum assured.
Do I need a medical exam to apply for Singlife term insurance?: Most Simple Term applicants with sums assured up to S$500,000 can skip the medical exam and answer a few health questions instead. Higher sums, a complex medical history, or certain riders may still require one.
What exclusions apply to Singlife term insurance?: Common insurance exclusions apply, such as:

Suicide within the first 12 months of the policy,

Death or injury from war or civil unrest,

Pre-existing conditions not disclosed at application,

Undeclared high-risk activities, and

Death or injury linked to illegal activity or substance abuse.

Exact exclusions vary by plan, so check your policy contract.
What happens if I don’t claim on my Singlife term policy? Do I get my premiums back?: For Singlife Simple Term, no; there's no cash value or maturity payout, so your premiums aren't refunded if you never claim.

In contrast, Elite Term II's Limited Pay option is the exception: it returns 100% of your base plan premiums if you outlive the coverage term.
What happens if I cancel or miss a payment on my Singlife term policy?: Within 14 days of receiving your policy, you can cancel for a full refund, no questions asked. After that, cancelling stops your protection immediately with no refund.

If you simply miss a payment, Singlife gives you a 30-day grace period to catch up; miss that too and your policy lapses, though it can usually be reinstated within 1–2 years with fresh underwriting.
Can I pay Singlife term insurance with MediSave or CPF?: No, Singlife’s term plans have no investment-linked component, so they don’t qualify for CPF-IS or MediSave. Payment has to be made via GIRO, credit card, or bank transfer. MediSave is reserved for approved healthcare schemes like MediShield Life and Integrated Shield Plans, not private term insurance.