What this is about…
A compilation of all the promotions and discounts
offered by life insurance companies in Singapore – even FREE insurance
cover,
as at October 2015.
Whether you are a consumer looking for the best deals possible,
or an insurance agent/adviser looking at what the different companies are
offering,
we hope you find this useful.
But of course, while we try our best, please refer to the respective
websites of the different insurance companies for information and details.
And more importantly,
before making any decisions on the purchase of life insurance policies,
it is highly advisable to speak with a professional financial consultant
and undergo a proper financial needs analysis
to understand what is most suitable for you.
If we missed out anything,
please let us know:
 |
| Life Insurance Promotions and Discounts in Singapore |
AIA
AIA Vitality
Insurance Premium Discount
In short:
Enjoy up to $108
annual cashback, and lifestyle discounts.
Plus, up to 15%
savings on your premiums as you get healthier.
Promotion ends 30
November 2015.
AIA Vitality saves
you money with cashback and discounts as you get healthier. You can enjoy up to
S$108 Annual Cashback, and discounts from gym memberships, airfares to health
screening packages. Plus, up to 15% savings on your premiums as you get
healthier, giving you more motivation to maintain a healthy lifestyle. That’s
why our plans do more than protect you financially. They keep you healthy too.
Sign up for any of
the eligible insurance plans (listed below) and enjoy an upfront
5% + additional 5% premium discount
Eligible
AIA Protection Plans
|
Existing
upfront premium discount3
|
Additional
premium discount4
|
5%
|
+5%
|
|
5%
|
+5%
|
|
5%
|
+5%
|
|
5%
|
+5%
|
|
0%
|
+5%
|
|
5%
|
+5%
|
|
AIA
Secure Term Plus Rider (S$)
|
5%
|
+5%
|
The existing 5% upfront premium discount is only applicable
to first-year premiums based on standard life. Discount will not be applicable
on any extra premiums due to loading. Discount applicable from the second
policy year onwards will depend on the AIA Vitality Status attained. The
existing 5% upfront premium discount is not applicable to AIA HealthShield Gold
Max Essential.
The additional 5% premium discount is only applicable to first-year premiums based on standard life and will not be applicable on any extra premiums due to loading. Promotion ends 30 November 2015.
The additional 5% premium discount is only applicable to first-year premiums based on standard life and will not be applicable on any extra premiums due to loading. Promotion ends 30 November 2015.
AIA SG50
In short:
SG50 Baby
Parents of jubilee babies
will receive
50% discount on 1st two years of insurance cover on AIA Secure
Term Plus II.
Jubilee babies will receive $110 to $200
worth of Robinsons Gift Card when
you purchase Medisave-approved health insurance cover, AIA HealthShield
Gold Max.
SG50 Couples
Couples who tie the knot in
2015 will receive 50% discount on 1st two years on AIA Secure Term Plus II.
For details: http://www.aia.com.sg/sg50/index.html
AVIVA
MyProtector-Level Plus
In short:
20% discount on premiums for a level term insurance plan
with $1 million coverage and above.
Promotion ends 31
October 2015.
For details: http://www.aviva.com.sg/life-and-Health/for-individuals/MyProtector-LevelPlus-April-2015-promotion.html
·
This
Promotion is for purchase of Aviva’s MyProtector-Level Plus Policy (“Policy”)
and its attaching riders.
·
Minimum
basic sum assured of $1 million per Policy (in the contract currency) is
required for the Policy to be eligible for the discount.
·
Where basic
sum assured is subsequently reduced to below $1 million (in the contract
currency), discount will be removed.
·
For
customers who are purchasing a 5 year or 10 year renewable term, this Promotion
shall be a one-off discount over their intended term (5-year or 10-year). Upon
the renewal of their policy, this Promotion will no longer be valid. Premiums
payable for renewal will be based on the prevailing premium rates at time of
renewal.
·
Discount is
given on a per Policy basis, subject to underwriting.
·
Discount is
applicable to the end of premium payment term and will apply on new business as
well as all subsequent renewal premiums.
·
The
Promotion is valid for applications signed from 1 April 2015 to 31 October 2015
(both dates inclusive). Policy must be issued by 31 December 2015.
IdealIncome Client Promotion Campaign
In short:
35% perpetual discount for a short and long-term disability
replacement income protection plan.
Promotion ends: 31
October 2015.
For details: https://www.aviva.com.sg/life-and-health/for-individuals/IdealIncome-2015-promotion.html
·
The 35%
perpetual discount Promotion is for purchase of Aviva’s IdealIncome Policy
(“Policy”).
·
Applications
must be received from 12 January 2015 to 31 October 2015 (both dates
inclusive). Policy must be issued by 31 December 2015 to be eligible for the
discount.
·
Minimum
monthly payout of $3,000 is required to be eligible for the discount.
·
Where the
monthly benefit is subsequently reduced to below $3,000, the discount will be
removed.
·
Discount is
given on a per policy basis, subject to underwriting requirements.
Life and Health policy promotion
for existing policyholders
In short:
$200 worth of Frasers Centrepoint
Malls gift card for adding one or more of selected plans for existing Aviva
Life or Health Policy, or a Navigator investment account holders.
Promotion ends: 31
December 2015.
·
Applicant
must be an existing customer of Aviva as at 30 June 2015 and is either an
individual life or health policy holder (excluding ElderShield), or a Navigator
customer.
·
The
application for the Qualifying Product must be signed between 14 July 2015 and 31
December 2015 (both dates inclusive), and the policy must be issued by Aviva by
31 March 2016. Applications for the Qualifying Product must pass the 14 days
free look period.
MyCare / MyCare Plus Discount Voucher
In short:
MyCare / MyCare Plus – enhancements to ElderShield. Take
S$100 off the premium.
Promotion ends: 31
December 2015
For details: https://www.aviva.com.sg/life-and-health/for-individuals/MyCare-MyCarePlus-2015-promotion.html
·
The discount voucher can only be used for the purchase of Aviva’s MyCare or MyCare Plus policy(ies).
The discount voucher can only be used for the purchase of Aviva’s MyCare or MyCare Plus policy(ies).
·
A minimum
premium of $500 per annum is required for the policy to be eligible for the use
of the discount voucher.
·
One MyCare
or MyCare Plus Application is entitled to only one discount voucher. Discount
voucher is transferrable but cannot be combined.
·
For the
eligibility of the discount, the voucher needs to be submitted together with a
MyCare or MyCare Plus Application Form.
·
The validity
of the discount voucher is from 1 Oct 2014 to 31 December 2015. Policy must be
issued by 31 March 2016.
·
The discount
voucher is applicable for a one time premium discount only.
Aviva SG50 Personal Accident Promotion
In short:
Enjoy 50% discount for new Personal Accident insurance
premiums.
AXA
AXA Term Protector and Early Stage Criticare
In short:
Enjoy 15% off Term Protector, 10% off Early Stage CritiCare
or Sign up for both and enjoy 20% off Early Stage CritiCare.
Promotion ends: 31
December 2015
For details: https://www.axa.com.sg/promotions/term-protector-promo
·
This campaign is applicable for new applicants submitted from 16th July 2015 to 31st December 2015 and the application must be incepted by AXA Life Insurance Singapore Private Limited by 31st January 2016.
This campaign is applicable for new applicants submitted from 16th July 2015 to 31st December 2015 and the application must be incepted by AXA Life Insurance Singapore Private Limited by 31st January 2016.
- Terms and conditions for 20% discount on
the Early Stage CritiCare policy, if it is bought with eligible basic
plans. Please refer to Early Stage CritiCare product brochure for more
details.
- The Early Stage CritiCare policy needs
to be purchased within 12 months from the date of application of the
eligible basic plans.
- In the case where Early Stage CritiCare
is submitted concurrently with a basic plan and the basic plan is not
approved, Early Stage CritiCare will be offered at 10% discount.
- If any of the eligible basic plan is
lapsed within 24 months from the date of inception, the 20% discount
applicable for the policy will be withdrawn and the policy will be offered
to the Policyholder at 10% discount.
- If the basic plan expires before the
Early Stage CritiCare policy, the Early Stage CritiCare policy will
continue at 20% discounted rate.
- Other existing terms & conditions on
the application of the policy will apply for the discount.
- Riders for Term Protector are only
eligible for discount if the application is submitted together with the
basic plan.
AXA SG50
Singaporeans and PRs who
purchase new Retire Happy savings and investment policies in 2015 will be able
to enjoy $500 off their first year premium.
For details: https://www.axa.com.sg/latest-news/2014/sg50
eTiQa
www.ETIQA.com.sg
$25,000 FREE Term
Life Insurance for 12 months
In short:
If you are a new parent with a baby under a year old, or a
newlyweds, you can get a free term life insurance plan with S$25,000 coverage
for 12 months!
Promotion ends: Not
stated.
For details: http://www.etiqa.com.sg/free-term-life-insurance
Great Eastern
Retirement fund
promotion – tickets to Masters Football Asia match
In short:
Receive
tickets to watch the Masters Football Asia match when you sign up for Supreme
Retirement or Prime Retirement.
Promotion ends: 12
October 2015
For details: https://www.greateasternlife.com/sg/en/personal-insurance/find-the-right-plan/great-eastern-promotions-and-events/retirement-promotion.html
SG50 Special Saver Bundle
Promotion
In short:
Exclusive to SG50 Guaranteed Saver. Receive up to S$500 SG50
SSB Premium Vouchers and enjoy special savings when you purchase a new regular
premium insurance plan.
Promotion ends: 15
December 2015.
SG50 ez-link card is limited to the first 3,000 qualifiers
within the promotional period, with a minimum single premium of S$50,000.
Please refer to paragraph 2 in the Terms and Conditions for
“SG50 Special Saver Bundle (SG50 SSB) Promotion Premium Voucher” for the full
list of qualifying plans and riders.
Smart Life Advantage Promotion
In short:
Receive S$50 to S$1,000 in CapitaVouchers when you sign up
for Smart Life Advantage plan – an investment-linked insurance plan.
Promotion ends: 31
December 2015.
Personal Accident
Plan Promotion
In short:
Receive $30 or $100
in CapitaVouchers when you sign up for a Personal Accident Protection plan.
Promotion ends: 31
December 2015.
Get more, give more promotion
In short:
Sign up
for any new regular premium plans (including selected protection plans and
riders) of $300 and above, and receive $50 to $950 CapitaVouchers.
Plus, get additional S$50 CapitaVoucher when
you sign up for selected new protection riders or term plans with a monthly
qualifying premium of S$50 or more.
Promotion
ends: 31 December 2015.
You can combine your monthly premiums to qualify for a higher value voucher as long as the policies purchased are for the same life assured.
SG50 baby promotion
In short:
Great Eastern SG50 baby gift pack which includes free health coverage for a year (SupremeHealth A Plus plan, an
integrated Shield plan), SG50 baby accessories and Live Great privileges.
This insurance voucher gift (worth S$108 in value) can be used to purchase a SupremeHealth A Plus Plan ("Insurance Voucher") for all newborns born in Singapore in the year 2015.
To qualify for this "Insurance Voucher" gift, the purchase of
SupremeHealth A Plus Plan must be registered in Singapore and issued by the
validity date as shown on the Insurance Voucher ("Validity Date").
HSBC
HSBC Protect 150
In short:
Personal accident policy. Sum Assured $150,000 at only $15 per year. Enrol with spouse for 5%
discount; spouse and kid for 10% discount.
Promotion ends: Not
stated.
Underwritten by AXA. Protect 150 benefits:
·
24-hour Worldwide coverage
·
Lump sum payment of S$150,000 to your estate in the event of an
Accidental Death
·
Aggregate payment of S$150,000 in the event of a Permanent
Disablement
·
% of sum insured based on scale of permanent disablement
NTUC Income
Kick Start Your
Future With Us Promotion
In short:
Tertiary graduate
(2012 or later) can receive $1,000 cashback when signing up for any regular
premium life policy with minimum annual premium of $2,000.
Promotion ends: 31
December 2015
SG50: Enhanced
IncomeShield Promotion
In short:
CapitaMall vouchers equivalent to first year premiums when
you sign up for a new Enhanced IncomeShield plan for your child. We’re
celebrating with a difference, by making a difference. For all other new
sign-ups, $100 CapitaMall voucher.
Promotion ends: 31
December 2015.
For children aged 12 and below.
Prudential
PRUSelect Vantage Promotion
In short:
Up to 9% additional premium allocation for the first year on
PRUSelect Vantage (SGD) or PruSelect Vantage (USD) – investment-linked
insurance policy.
Promotion ends: 31
October 2015.
For details: http://www.prudential.com.sg/corp/prudential_en_sg/myprudential/promotions/latest/promo_pruselectvantage.html)
Premium Allocation Table:
|
^ Premium Allocation Rate for the first year refers to
the percentage of the regular premium that is invested in the first policy
year.
PRUTerm Vantage First Year Premium Discount Promotion
In short:
Enjoy up to 30% off first year premiums when you purchase
a PRUTerm Vantage (SGD or USD) with
supplementary benefits.
Promotion ends: 31
October 2015.
For details: http://www.prudential.com.sg/corp/prudential_en_sg/myprudential/promotions/latest/ptv.html
Minimum sum assured: $500,000
For new PRUTerm Vantage (SGD or USD) customers:
PRUTerm Vantage (SGD or USD) – First Year
Premium Discount
|
||
New Plan
|
Non-PRUprestige
Customers |
PRUprestige Customers paying annual
premiums
|
PRUTerm Vantage
|
20%
|
30%
|
PRUTerm Vantage with Other
Supplementary Benefits^
|
||
For existing PRUTerm Vantage (SGD or USD) customers:
PRUTerm Vantage (SGD or USD) – First Year
Premium Discount on
Eligible Supplementary Benefit |
||
Addition of Eligible Supplementary Benefits to PRUTerm
Vantage (SGD or USD)
|
Non-PRUprestige
Customers |
PRUprestige Customers paying annual
premiums
|
Other Supplementary Benefits^
|
20%
|
|
^“Other Supplementary Benefits” refers to:
- Accelerated
Disability (PRUTerm Vantage) and/or
- Crisis
Care (PRUTerm Vantage) and/or
- Crisis
Cover Vantage and/or
- Crisis
Waiver III and/or
- Disability
Provider III and/or
- Early
Stage Crisis Cover and/or
- Early
Stage Crisis Waiver and/or
- Fracture
Care PA and/or
- PRUsmart
lady II
Tokio Marine
Maturity Rewards Programme
For Tokio Marine
Life Insurance customers whose policies are maturing from 1 October 2015
onwards. Be rewarded with Takashimaya shopping vouchers when
you sign up for a new Tokio Marine Life Insurance plan today.
Promotion ends: Not
stated.
For details: http://www.tokiomarine.com/sg/en/personal/learn/promotions/Maturity-Rewards-Programme.html
Only applicable for annual premium payment mode. Excludes premium payment term of less than 5 years. For cash policies only. Excludes policy term of 5 years or less.
Plan
Types
|
Minimum
Qualifying Premiums (S$)
|
Gift
(S$)
|
Regular Premium plans1
|
$3,600 annual premium
|
$100 shopping vouchers
|
Single Premium plans2
|
$20,000 – $50,000
|
$200 shopping vouchers
|
$50,001 – $100,000
|
$500 shopping vouchers
|
|
$100,001 and above
|
$800 shopping vouchers
|
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