Life is filled with many adversities, and we can only do so much to prevent the unexpected from happening. Still, by getting the right insurance, we can protect those important to us and live a life with fewer worries and peace of mind.
There are many types of insurance but knowing what you need is crucial. Financial experts recommend life, health, home, and car or motor insurance to be among the essential ones. To help you find the best insurance company in Singapore and make excellent purchasing decisions, we feature some of the best options you’ll find.
Best Insurance Companies in Singapore
Singapore’s insurance industry is among the largest financial sector in Singapore. Here are a few of those in the bright spot to consider:
1. FWD Singapore – Best in General Insurance
FWD Singapore started its operations in 2016 and has become one of Asia’s fastest-growing insurance companies. Its products are designed to cater to its customers’ general yet evolving needs. Essential products include life protection, critical illness, motor, travel, home and property insurance, as well as savings, and investment.
It is among innovative insurers that leveraged technology in delivering its products and services to many Singaporeans today. As such, you can easily avail of any product through their website.
Highlights
- Direct-to-customer (DTC) platform allows you to purchase directly from the website
- Wide suite of general insurance products and services
- Large network of financial advisors
Contact Info
- Website: https://www.fwd.com.sg/
- Phone: +65 6820 8888
Address
- 6 Temasek Blvd, 18-01, Suntec Tower 4, Singapore 038986
Operating Hours
- Weekdays: 9:00 am to 6:00 pm
Reviews
“I had to submit a claim, and the whole process was straightforward and fast. Because I do not have a bank account here in Singapore, I did have to contact support, but they were very helpful and friendly. I was mainly in contact with Krissy, she helped me a lot, and I could not have asked for better service!” – Simone
“Quick, comprehensive, and clear response from Tracy from FWD. I appreciate the prompt support and guidance when I simply need help with the purchased policy. Good customer service!” – Rosie Sim
2. AIA Singapore Pte Ltd – Best in Health Insurance
AIA Singapore is among the top insurance companies around the Asia Pacific region since 1931. Its purpose lies in helping people live healthier, longer, and better lives by empowering them with the proper financial protection.
Recognizing that health and wellness are top priorities, AIA continues to launch programs and insurance policies that provide greater access to health and wellness solutions. They also offer disability income protection and accident protection to cover you against unforeseen events.
Highlights
- First Singapore insurer to cover mental illness
- 24/7 access to AIA-SG – one-stop app for all your insurance and health needs
- Offers online health screenings and assessments with partner clinics
Contact Info
- Website: https://www.era.com.sg/
- Phone: +65 1800 248 8000
Address
- 1 Robinson Rd, AIA Tower, Singapore 048542
Operating Hours
- Weekdays: 8:45 am to 5:30 pm
Reviews
“Highly recommend Isabelle Oh. She’s very prompt in response and even at claims. Gives good advice.” – Charlyene Choo
“The company is becoming more vibrant, youthful, and dynamic.” – Joanna Ash
3. HSBC Insurance Singapore – Best in Personal and Business Insurance
With the aim to be Asia’s leading insurance and wealth provider, HSBC recently completed acquiring AXA Singapore. They will continue to cater to individual and commercial clients and include life, health, personal accident, employee health and benefits, health protection, and investment solutions.
Its commitment remains focused on aligning with consumer needs by providing quality insurance products and excellent customer service. Their financial consultants also offer in-depth advice to guide clients on a smooth financial journey and experience.
Highlights
- High annual coverage limits
- Flexible payment options
- Wide range of investment and insurance options
Contact Info
- Website: https://www.insurance.hsbc.com.sg/
- Phone: +65 6225 6111
Address
- 21 Collyer Quay, #02-01, Singapore 049320
Operating Hours
- Weekdays: 9:00 am to 5:00 pm
Reviews
“Didn’t wait for too long to get to them and Cust Svc was efficient.” – M. Luo
4. Singlife with Aviva – Best Investment-Linked Policies
Another technologically-empowered insurance provider in Singapore is Aviva. The name was introduced in Singapore as early as 2002, merged with Singlife in 2020, and now stands as one of Asia’s largest insurers.
Singlife with Aviva continues to prepare individuals with flexible investment-linked insurance plans for tomorrow’s needs. Investing is also made easy as world-class investment experts manage investment portfolios.
Highlights
- Low minimum investment amount of S$1,000
- You can choose from three investment portfolios depending on your risk appetite
- Manage your Singlife account in one single and easy-to-use app
Contact Info
- Website: https://singlife.com/en
- Phone: +65 6827 9933
Address
- 4 Shenton Way, #01-01 SGX Centre 2, Singapore 068807
Operating Hours
- Weekdays: 8:45 am to 5:30 pm
Reviews
“So far so good! Happy with the two savings policies I have with Aviva, as I feel the returns are competitive. Out of convenience, I also tend to use Aviva for travel insurance whenever I travel – the purchase process is straightforward.” – Yvonne Yeo
“Their app was really easy to set up, amounts were reflected immediately, could link accounts very quickly and easily.” – Andrew Ng
5. Manulife Singapore – Best in Financial Planning Services
Established in 1899, Manulife Singapore remains a trusted name in insurance and financial management. Manulife understands that financial decisions can be complex and confusing and offers solutions through its financial planning services.
Manulife’s professional financial advisers will help you on whatever stage of your financial journey – retirement planning, growing your wealth, life and health protection, or saving for the future.
Highlights
- Life insurance plans can be expandable to cover retrenchment and critical illness
- Savings plans with 100% capital guaranteed
- Wide suite of products that you can customize to specific needs
Contact Info
- Website: https://www.manulife.com.sg/
- Phone: +65 6833 8188
Address
- 8 Cross St, Manulife Tower, Singapore 048424
Operating Hours
- Weekdays: 9:00 am to 6:00 pm
Reviews
“Good service on their end, am impressed!” – Quianhui Guay
“I will like to thank my consultant for the professional advice given to me. Without her helping me to take care of the policies, I could have landed myself in insurance debts, refunds, cancellations, and so on.” – Jun Ren
6. Great Eastern Life Singapore – Best Tailored Life Insurance Plans
Great Eastern Life remains at the forefront of Singapore’s insurance industry. Founded in 1908, it has gained over 13 million policyholders and S$100B in assets.
Since then, it has provided a comprehensive range of insurance products, from life and health to wealth and lifestyle needs. It is one of the best life insurance companies in Singapore. On life insurance alone, they have twelve plans to choose from depending on your needs.
Highlights
- Affordable premiums on life plans
- Hassle-free online application
- Exclusive deals and treats with the Great Eastern Rewards app
Contact Info
- Phone: +65 6248 2211
Address
- 1 Pickering St, #01-01 Great Eastern Centre, Singapore 048659
Operating Hours
- Weekdays: 9:00 am to 5:30 pm
Reviews
“This is one of the prominent insurance companies in Singapore. The customer service is very good.” – Ganesh Kamath
“One of the best insurance companies with many great benefits for buyers. Stuff is equipped with knowledge about the insurance plan to explain to all buyers.” – Happy Tutors LC PL
7. Prudential Singapore – Best Family Protection Plans
Another market leader in Singapore is Prudential Assurance Company Singapore, serving over 90 years. One core purpose is to provide affordable healthcare solutions to families and individuals.
As such, your family is kept financially secure while achieving life milestones through their life protection plans. Get customizable plans according to your needs – from pregnancy to the next life stages.
Highlights
- Customizable policy term and premium payments
- Personalized insights from its AI-powered app Pulse
- Pay premiums easily using iPay
Contact Info
- Website: https://www.prudential.com.sg/
- Phone: +65 1800 333 0333
Address
- 7 Straits View #06-01, Marina One East Tower, Singapore 018936
Operating Hours
- Weekdays: 9:00 am to 4:00 pm
Reviews
“It’s a swift and trustworthy insurance service provider. It is secured and without hustling. Payment and claims are a breeze. Your representative is courteous, friendly, and helpful.” – Christian Mark Lara
“Good product, professional service. At the start of the pandemic, Prudential is the first to come out with complimentary coverage for policyholders, including assistance for those the received quarantine order, like me.” – Weng Kee Sim
8. Tokio Marine Insurance Singapore Ltd – Best Global General Insurance
Tokio Marine offers global general insurance covering consumer and business sectors in Asia. Established in Japan over 140 years ago, its insurance services now span 46 countries, including Singapore.
Products for the personal category include travel, accident, private motor, and home insurance plans. Meanwhile, for the business category, they offer marine cargo, bonds, and guarantees, including bespoke insurance solutions for your business.
Highlights
- With highly-experienced professional financial advisors
- Wide suite of personal and business insurance products
- Make hassle-free online claims
Contact Info
- Phone: +65 6221 6111
Address
- 20 McCallum St, Singapore 069046
Operating Hours
- Weekdays: 9:00 am to 5:30 pm
Reviews
“Exceptional customer service. I called their hotline many years ago to enquire about an existing life policy. The staff was very knowledgeable and detailed my plan within a few minutes. Kudos to that!” – Joan Wang
“Easy way to renew my insurance.” – Hamzah Rahmat
9. HL Assurance – Best in Affordable Insurance
Hong Leong Assurance is a general direct insurer and a member of Singapore’s General Insurance Association. They offer affordable but reliable insurance in Singapore and also has a broad spectrum of financial services besides insurance, including fund management, stock-broking, and banking.
Among its core values is providing insurance products of the highest quality at affordable prices. New product offers include maid insurance and Covid19 safety travel insurance.
Highlights
- Comprehensive coverage of personal and commercial products
- Highly trained financial consultants
- Easy-to-use financial app
Contact Info
- Website: https://www.hlas.com.sg/
- Phone: +65 6702 0202
Address
- 11 Keppel Rd, #11-01 ABI plaza, Singapore 089057
Operating Hours
- Weekdays: 9:00 am to 6:00 pm
Reviews
“Good value annual coverage, including C19 coverage. User-friendly online purchase. Repeat customer, but the last annual package lapsed in 2020 with the pandemic. Otherwise may qualify for an NCD discount.” – Dicky Goh
“HL Assurance has been my go-to Travel Insurance for many years. They have provided the best coverage for the lowest premium, which is super easy to apply and activate—highly recommended.” – Richard Yeo
10. Etiqa Insurance Singapore – Best Private Car Insurance
Etiqa is the insurance arm of Maybank, one of Asia’s leading banking groups. Like other insurance agencies, they are regulated by the Monetary Authority of Singapore. Their mandate is to make their products and solutions people-centric.
Its reputation include being one among top car insurance companies in Singapore. Aside from hassle-free applications, they also guarantee fast claims in the event of a car accident. Thus, living up to their core value of humanizing insurance by making processes simple and convenient for their clients.
Highlights
- Comprehensive car insurance plans include usage-based motor rebates.
- Offers car loan protection coverage.
- 24/7 customer service assistance
Contact Info
- Website: https://www.etiqa.com.sg/
- Phone: +65 6887 8777
Address
- One Raffles Quay, #22-01 North Tower, Singapore 048583
Operating Hours
- Weekdays: 8:30 am to 5:30 pm
Reviews
“Excellent customer services. Always strict in providing prompt replies and helped resolve problems rapidly. Strongly recommend for those who have yet to buy the housing insurance to cover contents and renovations but just fire insurance only.” – Yeo Tah Keow
“I recently renewed my car insurance with HL Assurance. After checking around, the premium and terms they offered was one of the best.” – CL Amber
Singapore’s Top Insurance Companies: At a Glance
|
Insurance Provider |
Best For |
Specialty |
|
FWD Singapore |
General Insurance |
Personal and Health |
|
AIA Singapore Pte Ltd |
Health Insurance |
Health and wellness |
|
HSBC Insurance Singapore |
Personal and Business Insurance |
Life and medical insurance, asset management |
|
Singlife with Aviva |
Investment-Linked Policies |
Investment portfolios |
|
Manulife Singapore |
Financial Planning Services |
Wealth planning and investments |
|
Great Eastern Life Singapore |
Tailored Life Insurance Plans |
Life insurance |
|
Prudential Singapore |
Family Protection Plans |
Family and life protection |
|
Tokio Marine Insurance Singapore Ltd |
Global General Insurance |
Business insurance |
|
HL Assurance |
Affordable Insurance |
Life and health |
|
Etiqa Insurance Singapore |
Fast Claims |
Private car insurance |
Closing
Key Takeaways:
- Insurance is a huge investment, and it is crucial to choose the right one for you.
- Choose a provider, an insurance agent, or a financial consultant that has a proven track and history.
- Always compare deals and products among top providers.
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