Who needs life insurance?
If you are a Singaporean who is planning to move abroad or are a former Singaporean who has just moved abroad and has financial liabilities within Singapore, then life insurance is a great insurance policy to implement.
If you already have a life insurance policy in Singapore, it is best to review your policy documents or talk to your insurance provider, as these policies generally do not cover you if you live outside Singapore, so if you die while living in another country, the policy you will not be paid.
The cost of life insurance can depend on a variety of factors including how much responsibility you have in Singapore, the type of coverage you are applying for, and if the country you are moving to is classified as dangerous, to name a few examples.
Life Insurance: What you need to know
Life Insurance is available to Non -Singapore residents with benefits or financial responsibilities that cannot be insured in Singapore.
Examples of acceptable financial liabilities include mortgages on Singapore property, dependent spouses, and/or minor children living in Singapore. Singapore heritage tax liability. Responsible for paying fees for Singapore private schools, universities, or nursing homes. Or a Singapore company that has persons or major shareholders overseas.
If with financial responsibilities in Singapore and have a bank account in Singapore, the Channel Islands, the Isle of Man, or Gibraltar to pay premiums from, we can offer products including;
- Level and decrease (mortgage) guarantees that provide at once
- Whole life insurance with open term
- Family income benefits that provide a monthly income in the event of a claim
- Three different critical illness options suit a variety of conditions and estimates
- The policy may be for the life of an individual or the life of another provided the policy owner will suffer financial loss as a result of the death of the life insured.
How to get life insurance
As long as you meet the above criteria, you should definitely be able to seek life insurance coverage. As long as the coverage you are asking for is a genuine claim, then the insurance provider is happy to provide life insurance. This means that the amount of cover you will receive, should you need to make a claim, is commensurate with your liabilities in Singapore.
When applying for life insurance, the underwriting process performed by the insurance provider is very similar to standard life insurance, including further inquiries and/or assessments if you have a pre-existing medical condition.
List of insurance companies in Singapore
Below is a list of insurance companies in Singapore and also a list of reviews that their customers do on google review.
Berjaya Sompo Insurance Berhad
37-33, Jalan Permas 10, Bandar Baru Permas Jaya, 81750 Johor Bahru, Johor
Insurance partners – Norazidah Abdullah
Staf is not friendly..we only ask for quotations. sifu selam
20 Anson Rd, #08-01, Singapore 079912
Bought it from them 3 years ago. Purchased from SHAHRIN very polite and helpful sales staff. Look for him and you will not regret his service. KEN T
FWD Insurance – Singapore
6 Temasek Blvd, #18-01 Suntec Tower, Four 038986
Reviews – Insurance companies in Singapore
Berline from FWD is very professional and fair throughout my experience buying insurance for my motorcycle. He offered me a choice I could take and a reason for the best choice. Thanks, Berline for helping me. How Teck Lee
Tracy from the Customer Engagement Team provided the best service and met all my needs using the live chat and private call functions. He was able to solve my problem quickly and efficiently. Kudos! Best Customer Service I have encountered so far! Christopher Tan
Expat Insurance Singapore
20 Upper Circular Rd, #01-50/54 The Riverwalk, Singapore 058416 http://www.expatinsurance.com.sg
Working with Patricia was a great experience. From appropriate quotes to meet my needs to simplifying forms and claims that he has responded to my emails and managed whatever he gets from his side. I have nothing negative to report about Patricia and Expat Insurance. I highly recommend them 🙂Lucie Lamprey
64 Cecil St, India International Insurance, Singapore 049711 +6563476100
Quick claim resolution and response throughout the entire experience. Worth a recommendation S B
Pacific Prime Singapore – Insurance companies in Singapore
Cross Street Exchange #14-05, Cross St, 18, Singapore 048423 http://www.pacificprime.sg/
Elke excelled at finding the best plan for me. He answered all my questions carefully, always kindly and professionally. Couldn’t ask for a smoother experience.Kristiane DUNBAR
Elke Liebrand helped us in choosing our new health insurance. She is very professional and always helpful. Very pleased with the current packaging and the fact that we can always turn to him with questions.Daphne Vernooij
My insurance agent- Marta Kasperczak is truly a very dedicated Agent. He spent a lot of time giving useful advice for all my questions (sometimes naive :-)). Marta is a very professional and knowledgeable person. I highly recommend his service. Agnieszka Banas
107 Eunos Ave 3 StoreFriendly Centre #06-01, W6004, Singapore 409837
Great service provided by the team at the Insurance Market. I was most impressed with their quickness to the questions and issues raised. They are proactive in offering solutions and their service standards are really rare in Singapore. Thank you for all the help provided and have worked hard to ensure this customer satisfaction! ZW Ng
Chubb Insurance Singapore Limited
138 Market St, #11-01 CapitaGreen, Singapore 048946 +6562990988
My claims for lost jewelry items were handled professionally and quickly. Gayle Shepherdson, the Claims Officer who processed my claims, was knowledgeable, courteous, and most efficient. I highly recommend Chubb Insurance to anyone looking for a good and reliable Home Insurance policy. Thanks, Gayle and Chubb!Sally Tan-Choo
Allianz Assistance Singapore
79 Robinson Rd, #09-01, Singapore 068897
I bought travel insurance in February 2020 for my trip to London from 3/8 to 16/8/2020 unfortunately due to 19 covid conditions, we had no option of not being able to travel, I asked for a refund of my premium the company rejected my request.
It should also be noted that this was a period of very great uncertainty where I had a hard time remembering that I had to ask for this refund before my trip started because my trip didn’t even start because of Covid-19. I actually can’t believe that your company is so rigid and incomprehensible despite being in a state of a global epidemic.
We are also not allowed to travel in this covid state. It’s not accurate to expect us to remember when our journey should have started, especially since I was busy applying for a refund with SQ in the first place – which respectfully reminds us to ask for a refund.
For trips that are completely canceled by the government, should the refund not be done automatically, or should your company not send us warnings/notifications?
I am amazed at the service and value of your company and this is the last time I will buy insurance from your company again. I will definitely share this frustrating experience with my family and friends. May Neo
That is the list of insurance companies in Singapore that we can provide at the moment.
We will add more to this list in the future.
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