LIFE INSURANCE COVERAGE IN SINGAPORE FOR EXPATS

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Life insurance and protection plans may have been something that was easily overlooked when you were back in your home country, but now that you are living in Singapore – with or without family – protecting you and your loved ones has to become a top priority.

Life insurance plans in Singapore offer expats a financial safety net for their families and themselves in the event that an incident occurs. Our life insurance plans available in Singapore will provide expats living here with the flexibility to select the term duration and amount of coverage they find fit (i.e.: $1m for 20 Years). These life insurance plans can be tailored to your changing needs during different phases in your life. There are a range of affordable protection plans available and the sooner you take out a life insurance policy, the better. Get in touch to discuss further and we’d be happy to help.

Life insurance premiums in Singapore are generally paid monthly or annually, in return for a guaranteed lump sum payout in the event that death or terminal illness occurs within the contract term. If you need any clarification, leave us a message here and one of our Life Insurance experts will be in touch.

If you would like to provide coverage for your employees, consider our comprehensive group health insurance or group personal accident policy.

Also, it is possible to include additional riders on to your term life insurance policy in Singapore to increase your protection beyond death by topping it up with the following:

ADDITIONAL COVERAGE IN LIFE INSURANCE COVERAGE
IN SINGAPORE FOR EXPATS

1. CRITICAL ILLNESS COVER

Critical illness insurance is offered as an optional add on to the life insurance policy picked out in Singapore and provides a lump sum pay out in the event you have a serious illness such as:
  • Major Cancers
  • Heart Attack
  • Coronary Artery Bypass Surgery
  • Stroke & Kidney Failure
  • Parkinson's Disease
  • Major Head Trauma

Your Critical Illness pay out is tax free and can be used in any way you like. It can be a great source of financial comfort if you have to take time off of work or relocate due to your illness. Talk to our Life Consultant today about Critical Illness cover.

ADDITIONAL COVERAGE IN LIFE INSURANCE COVERAGE IN SINGAPORE FOR EXPATS

2. TOTAL PERMANENT DISABILITY

Total Permanent Disability (TPD) insurance is an optional rider on most life insurance contracts available in Singapore for expats. It acts as a financial safety net in the event the insured suffers a loss of limb or sight (different insurance companies vary on their TPD definition) that prevents the insured from working. If you have any questions, our Life insurance consultant can definitely help answer them.

FREQUENTLY ASKED QUESTIONS

Life insurance offers financial support in the event of death, total permanent disability or if diagnosed with a critical illness. By paying monthly or yearly premiums, you are guaranteed to receive a lump sum payout if something unfortunate happens to you. Your loved ones will also be afforded protection if you are the sole provider of the family. Find out more about the different life insurance plans available to you, such as critical illness coverage or term life insurance. Consider also adding on riders to increase your claim limits or to gain additional benefits.

Speak to our team of financial advisors at Expat Insurance and we will help you to apply for a life insurance, compiling the proof of identity documents required and assisting you in filling up the application forms. Premium amounts vary depending on the type of plan and extent of coverage you choose. Contact us now.

Expat Insurance has over 2000 plans from which you can select from. Our Insurance providers will take the time to understand your needs and guide you through the process of customising a plan that meets your needs and that of your loved ones. We also offer a range of other insurance plans, including hospital and surgical insurance, maternity insurance and GP and specialist insurance.

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If you are thinking about Life Insurance, we would love to hear from you! Give us a call on +65 3110 3220 or leave your details below and we will get in touch as quickly as possible to get you sorted out with a quote for Life Insurance.

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