For those who is budget conscious more than anything else, you may find this useful. I’ve saved you weeks of research to come up with these rankings, applicable as of 10th February 2009.
The rankings are based on $250,000 sum insured:
Male, 1 year old
- NTUC iTerm
- HSBC Value Term
Male, 10 years old
- NTUC iTerm
- HSBC Value Term
Male, 20 years old
- GE Essential Term Assurance
- TM Asia Peace of Mind
- NTUC iTerm
- ManuLife 40-Yr Level & Convertible Term
- Aviva Wealth Protector - Level
- AXA Future Protector
- HSBC Value Term
- UOB Life Special
- UOB Life Term 100
Male, 25 years old
- TM Peace of Mind - RP
- GE Essential Term Assurance
- NTUC iTerm
- ManuLife 40-Yr Level & Convertible Term
- HSBC Value Term
- AXA Future Protector
- Aviva Wealth Protector
- UOB Life Special
- UOB Life Term 100
Having listed these, I have to highlight that buying of insurance policies are not just about numbers. The terms and conditions of these policies are likely to vary from one another. Though they can be very confusing, the differences are there to cater to our different sets of situations. A competent adviser should be able to prescribe you with the plan that can best fit your situation.
Can’t find what you’re looking for? Enquire here.
