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Protect your family and leave an inheritance with this customisable and affordable term life insurance plan that offers regular and limited pay options.
Life’s milestones come with unique financial needs – from basic protection to retirement planning. Before diving deeper, explore the “Did You Know?” section below for surprising insights that highlight the importance of planning ahead.
Pay premiums for as long as you're covered
Consistent premium schedule over the policy’s coverage term
Pay premiums only for a specified period, e.g., while you are working full time
Complete payments earlier and enjoy benefits like Surrender Benefit and Longevity Reward
Now that you’ve covered the basics, it’s time to focus on what’s next. Life’s major milestones fall into three key stages – building a strong foundation, growing your family, and securing long-term stability. Select the stage that aligns most with your current goals and get tailored insights to keep you financially prepared.
The median cash savings for a 30-year-old Singaporean is S$84,240.
The total cost to raise a child in Singapore (from age 0 – 23) is S$285,468.
Almost half of Singaporeans are still unsure or have never thought about financial freedom.
Do not feel confident that they can choose to stop working/retire whenever they want to.
Sum required (in cash) to feel financially free, an increase of 8% (S$566,640) from last year. The time span needed to save the amount has also risen by 3 years, from 27.3 years to 30 years.
Aim to retire by 65 years old with a monthly expenditure of S$2,865 to fund their daily living expenses during their retirement.
Ready to take the next step? Watch this video to learn key steps like setting aside emergency funds, getting adequate coverage, and managing protection costs. Gain the confidence to navigate life’s milestones with clarity and peace of mind. Let’s get started!
Enjoy these deals!
Make the most of your money with these savings.
Celebrate Singapore's 60th birthday and get a $60 SG60 and Beyond discount on your first-year premiums.
Terms and conditions apply.
Find out more
*Promo is not stackable with other first-year discount offers
$60 discount is based on contract currency.
Get up to 30% perpetual premium discount on Singlife Elite Term II (Regular Pay) and eligible riders with a minimum sum assured of $500,000 (in contract currency) per policy.
Click here for more information.
Terms and Conditions apply.
Important Notes
*Singlife Financial Freedom Index 2024: Financial Freedom Index SG | Data, Insights & Financial Planning
Disclaimers
This policy is underwritten by Singapore Life Ltd. This brochure is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. A copy of the Product Summary may be obtained from us or our participating distributors’ offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you. As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely. Buying a health insurance policy that is not suitable for you may impact your ability to finance your future healthcare needs. This is not a contract of insurance. Full details of the standard terms and conditions of this policy can be found in the relevant policy contract.
Information is accurate as at August 2022.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This policy is protected under the Policy Owners’ Protection Scheme which is administered by the
Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are
covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or
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Singlife Elite Term II
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