For over a century, Great Eastern has been at the forefront of Asias insurance industry, providing financial security and peace of mind to millions. Pro-ration for non-subsidised outpatient cancer treatments is applicable. Click here to visit website and find out more. Helping clients stay ahead of risk and serving as their partner in times of need is WHY AIG is here. Life insurance is one of the biggest umbrella terms in the insurance world. Banks' offices and ATMs locator, SWIFT codes and more. DirectAsia.com is Singapores leading online insurance company, that offers customers a variety insurance plans for Car, Motorcycle, Travel, Term Life, Home, and Personal Accident. Share it with friends and family. On the other hand, if youre concerned about your policys cash value or investment returns, you might be interested in this. They have been assuring their customers in Singapore with financial peace of mind for over 80 years. All insurance companies in Singapore are regulated by the Monetary Authority of Singapore (MAS). To recap, brand name isnt all that important when it comes to buying insurance. With a customer satisfaction rating of more than 90%, rest assured they will be there for you when you need them most. Get personalised quote by filling out the form below manually. HSBC Insurance Singapore (a subsidiary of HSBC bank) is one of the leading companies, providing traditional life insurance and investment-linked plans for individuals and their families in the country. Click here to visit website and find out more. Life insurance is one of the biggest umbrella terms in the insurance world. Address: 1 Finlayson Green, Singapore 049246. At the heart of what they do is their commitment to deliver their best service to their customers. Both organisations set out industry guidelines and recommendations, but MAS has the final say. A Comprehensive Beginners Guide (2022). Here are some examples: But there are much more complex life insurance products that combine this death payout with a chance to grow your wealth, such as whole life insurance, endowment plans, savings plans for retirement or otherwise, and investment-linked plans (ILPs). However, there are a few considerations youll want to keep in mind when comparing insurance products. Click here to visit website and find out more. With S$82.5 billion in assets and over 4 million policyholders, the Group operates in Indonesia and Brunei, has a presence in China and a representative office in Myanmar. China Life Insurance (Singapore) Pte. The claims process and lead time varies widely from insurer to insurer. AXA Insurance Singapore is a leading general insurance services provider in the country, offering solutions that are best suited to customers personal and business needs. Ready to find a new job at a top Insurance company near you? Credit rating:For long-term commitments like whole life insurance, you may want to check the credit rating of the various insurers and go for one with a better rating for the assurance that it wont go bust. EQ Insurance is a Singapore-based multinational insurance firm with profitable portfolio of non-life insurance business. Zurichs presence in Singapore dates back to 2006. At Aviva, our purpose is to free people from fear of uncertainty, enabling them to get on with their lives with confidence. Here are some examples: Full coverage for your hospitalisation, room, board, medical related services, Intensive Care Unit (ICU) expenses, although co-insurance, deductibles, and pro-ration factors apply, Full coverage for MediSave-approved surgeries (all surgeries listed in Tables 1A to 7C), although co-insurance, deductibles, and pro-ration factors apply, Up to 180 days pre-hospitalisation coverage for treatments, including any Accident and Emergency (A&E) treatments 24 hours prior to hospitalisation, Up to 365 days post-hospitalisation coverage for treatments if you seek treatment at pre-authorised private hospitals, restructured, or community hospitals, Coverage for planned inpatient and emergency treatments in Aviva pre-authorised hospitals, Coverage for major outpatient treatments: kidney dialysis, erythropoietin, chemotherapy, radiotherapy, brachytherapy, immunotherapy, stereotactic radiotherapy, and immunosuppressant drugs for major organ transplant. What is a No Claims Discount and how does it work? When it comes to buying insurance, the brand of your policy might not matter, but its definitely helpful to know about the main insurance companies in Singapore. MSIG Singapore are one of the few foreignbased general insurers who offer a wide range of insurance solutions across personal and commercial lines. Try it out today! We have been serving the financial and protection needs of Singaporeans for 85 years. Disclaimer: At MoneySmart, we aim to provide accurate, objective and up-to-date information. The umbrella term general insurance encompasses many types of products, such as. Your next step would be to find out which insurers offer it. Upon submitting this form, you agree to be contacted with the above information provided. Marsh McLennan (NYSE: MMC) is the worlds leading professional services firm in the areas of risk, strategy and people. Prudential Singapore, an indirect wholly-owned subsidiary of UK-based Prudential plc, is one of the top life insurance companies in Singapore. However, the results of our comparison tools which are not marked as sponsored are based on objective analysis. These ensure we put people first and that we are always guided by strong moral principles. All rights reserved. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. When it comes to buying insurance, the brand of your policy might not matter, but its definitely helpful to know about the main insurance companies in Singapore. For hybrid policies with a life insurance component like investment-linked policies, you might be concerned about your returns, and rightly so. Read more:Life Insurance in Singapore The Basics of Whole Life and Term Insurance. The business that is now AIA was first established in Shanghai almost a century ago. Were committed to serving our customers to the highest standards and building a stronger, more sustainable business. how user-friendly the claims process is in case you ever need to DIY your claim. Click here to visit website and find out more. Cash value or investment returns:On the other hand, if youre concerned about your policys cash value or investment returns, you might be interested in this 2016 report indicating that bigger insurers like Great Eastern, AIA and Prudential enjoyed better returns from 2006 to 2015. Best Private Hospital Plans & Covers COVID-19, AMEX Travel Insurance Singapore Review: Platinum Card, KrisFlyer Card (2022), Cheapest Travel Insurance Promotion: Promo Codes for NTUC, FWD, Sompo travel insurance, Senior Travel Insurance for Elderly with Pre-Existing Medical Conditions (2022), How to Claim Travel Insurance? Here at DirectAsia, customer is at the heart of everything they do. AXAs mission is to help customers live their lives with more peace of mind by protecting them, their relatives and their property against risks, and by managing their savings and assets. Best Credit Card Promotions: DBS, UOB, Citibank, OCBC, & more (July 2022), How to Buy Stocks in Singapore: Start Investing in 5 Easy Steps, How to Pick the Best Home Loan for Your Property in Singapore, Insurance Singapore Guide All You Need to Know Before Buying Your First Plan, 5 Best Personal Loans in Singapore with Lowest Interest Rates (2022). Be it celebrating their life's simple moments or commemorating their career's major milestones, every day, in many ways, we inspire people to grow with us to realise their full potential. China Taiping Insurance Singapore (CTPIS) operates as a part of China Taiping Insurance Group, one of the major insurers in Asia Pacific with 20 subsidiaries across the world, including Mainland China, Hong Kong, Macau, Singapore, Japan, Indonesia, the United Kingdom, the Netherlands and New Zealand, headquartered in Honk Kong. At Aviva, our purpose is to free people from fear of uncertainty, enabling them to get on with their lives with confidence. They also encourage our employees to speak their minds so we can innovate and take bold actions together, as a team. Full list of of most active insurance companies in Singapore with information about companies, provided services, addresses and contacts details. Etiqa is owned by Maybank Ageas Holdings Berhad, a joint venture company that combines local market knowledge with international insurance expertise. 2009-2022 MoneySmart. 2022 LoanStreet Singapore. As The Real Life Company, we help families lead healthier, happier, better lives. They are one of the largest General Insurance companies in Singapore offering innovative solutions to the changing needs of individuals and corporate clients. Brand doesnt matter that much so long as you compare key terms and make sure you are not caught out by exclusions. It currently has seven branches and five lite branches across Singapore. In September, FWD launched its direct-to-consumer business and currently offers a suite of life and general insurance products including direct-term life, car, travel, personal accident and maid insurance. IPs are provided by the following 7 insurance companies: IPs are heavily regulated by the Ministry of Health, so, unlike life insurance products, health insurance policies are quite similar in terms of their protection tiers. It had total assets of US$168 billion as of 30 November 2015. Since then, the company is dedicated to serving the Singapore community and they continue to ensure that their existing customers from both their life insurance business and their general insurance portfolio continue to receive exemplary customer service from their local Customer Service team. Today, there are 111 commercial banks, 49 merchant banks, and 45 banks with representative offices operate in Singapore, managing more than $350 billion of assets (2004). A trusted brand, they continue to go from strength to strength in an ever-changing increasingly competitive landscape. Our services include providing comprehensive life insurance plans and tailor-made schemes for individual customers, ensuring that all customers life insurance needs can be met by one financial services organisation. What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. The Singapore insurance industry is represented by two non-profit trade associations the Life Insurance Association (LIA) and the General Insurance Association (GIA). Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. View the highest rated Insurance companies hiring near you in Singapore, then check out their Glassdoor profile to read employee reviews and find information on benefits, salaries, and job openings. We combine life insurance, general insurance and asset management businesses under one powerful brand. To discover additional Insurance companies hiring near you in Singapore or view more unique results, filter your results by location, job title, job function, rating, and company size. So its a lot easier to compare and purchase general insurance online. But about 70% of us also upgrade them with private insurance. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Click here to visit website and find out more. We listen to customers to make sure we give them the financial security they really want. Click here to visit website and find out more. Travel Insurance Singapore: Is It Necessary To Buy Travel Insurance? For more than 125 years, we have been providing clients strong, reliable, trustworthy and forward-thinking solutions for their financial decisions. Manulife is a leading Canada based financial services organization with principal operations in Asia, Canada and the United States. Click here to visit website and find out more. Click here to visit website and find out more. Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Their services include providing comprehensive life insurance plans and tailor-made schemes for individual customers, ensuring that all customers life insurance needs can be met by one financial services organisation. Coface Singapore is a branch of Coface Group (Compagnie Franaise dAssurance pour le Commerce Extrieur), world leader incredit insurance with 4,440 employees, represented in 66 countries. The Great Eastern Life Assurance Company Limited and Great Eastern General Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by Standard and Poor's since 2010, one of the highest among Asian life insurance companies. They provide a one-stop service platform that is everything you need to develop a fit-for-purpose financial plan. Dialysisrelated treatment and immunosuppressants will not be pro-rated. To recap, brand name isnt all that important when it comes to buying insurance. Read more:With So Many Integrated Shield Plans Available, How Do You Decide Which to Choose? The claims process and lead time varies widely from insurer to insurer. Found this article useful? Since then, the company is dedicated to serving the Singapore community and we continue to ensure that our existing customers from both our life insurance business and our general insurance portfolio continue to receive exemplary customer service from our local Customer Service team. , but for most Singaporeans and PRs, IPs make the most financial sense. Having the HDB Fire Insurance or policy arranged by my bank is good enough. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units. User-friendliness: Unless you have an agent doing all the troublesome legwork for you, youll want to look at how user-friendly the buying and policy management processes are. The umbrella term general insurance encompasses many types of products, such astravel insurance, home insurance, car insurance, maid insurance and personal accident insurance. Insurance policies are contracts so if you read through and understand the contract, you should not have to worry about not receiving a payout where you are legally promised one. Click here to visit website and find out more. Click here to visit website and find out more. ACE Insurance Singapore operates as a part of the ACE Group, one of the worlds largest multi-line property and casualty insurers, represented in 53 countries. A trusted brand, we continue to go from strength to strength in an ever-changing increasingly competitive landscape. By continuing I agree to MoneySmart.sg's Terms of UseandPrivacy Policy. You might find a similar product at a lower price. It provides life, health and general insurance products. There is no great company without a great purpose: ours is to empower our 105 million customers to live a better life. Thomas Buberl NTUC Income Insurance Co-operative Limited is the only insurance cooperative in Singapore. Address: 8 Shenton Way, #27-01/02 AXA Tower, Singapore 068811. MoneySmart can help you compare many types of insurance policies. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. One way is to use MoneySmarts car insurance wizard to view the list of available insurance products. Prudential Singapore, an indirect wholly-owned subsidiary of UK-based Prudential plc, is one of the top life insurance companies in Singapore. Tokio Marine Life Insurance Singapore Ltd. gained a reputation in Singapore as a leading life insurer through their strong historical investment returns, disciplined underwriting and careful expense management. Travel Insurance Singapore Guide (2022): Which travel insurance to buy? Best Travel Insurance for Extreme Sports and Outdoor Adventure Coverage (2022), OCBC Travel Insurance Review 2022: Promotion, Complimentary Insurance, Covid-19. All Singaporeans and PRs are auto-covered by basic health insurance, known as MediShield Life, which is administered by the government. Singlife was built because they believe that the world needs a better kind of insurance company. The plans are renewed annually, so you can switch to a different plan without much fuss in the early years before you get any illnesses that would count as pre-existing conditions. AXA Shield Plan A with private hospital coverage, offers a high annual limit of up to S$2.5 million (If treated by AXA Panel of Specialists or at a Restructured Hospital), Pre-Hospitalisation: Treatment bills covered fully aka As Charged within 100 to 180 days prior to hospitalisation stay, Hospitalisation: Daily room, ICU, community hospital covered fully, Post-Hospitalisation: Treatments covered fully within 100 to 180 days, or up to 13 months after hospitalisation for plan A holders seeking treatments with AIA panel doctors, Critical Illnesses: Coverage for 30 critical illnesses within 100 days post-hospitalisation, bills covered fully, Surgery: Covers all MediSave-listed surgical procedures, including organ and stem cell transplant, and surgical implants. MSIG Insurance Singapore is one of the leading general insurance companies in the country with over 100 years of experience. Some content may be compensated through third-party advertisers. The next time you need a portfolio review, rather than only getting quotes from whichever company your agent is from, you can also source policies from other insurance companies in the same field. If you feel you have been treated unfairly by your insurer, you should lodge a complaint directly wi https://www.budgetdirect.com.sg/car-insurance. They are a licensed general direct insurer and also a member of General Insurance Association in Singapore. Are you interested in joining us? Across the world, we protect our 34 million customers and the things that are important to them. A market leader and well-established trusted brand in Singapore and Malaysia, Great Eastern was founded in 1908 and celebrates its 110th anniversary this year. Address: 51 Bras Basah Road #01-02C, Manulife Centre, Singapore 189554. This is made possible because of their wellestablished distribution networks and partnerships with global brokers, agencies, financial institutions, motor franchise as well as local and Japanese corporate clients. Here are some major life insurance companies in Singapore: These insurance companies are represented by the Life Insurance Association, andyou can see the full list of LIA membershere. Protecting customers since 1961, Etiqa is a licensed life and general insurance company registered in the Republic of Singapore. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. Life insurance products tend to be complex, so agents play a big part in explaining and selling them. It has a presence in 18 markets in Asia-Pacific wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and a representative office in Myanmar and Cambodia. Launched in Singapore in 2010 with a goal of changing the face of insurance in Asia. We're a leading global insurance organization with operations in approximately 80 countries and jurisdictions. to view the list of available insurance products. Please upgrade today! Cant tell AIA from AXA? 2020 Singapore Personal Loan Tips and Advice. Essential Covid-19 Travel Insurance Guide, Best Personal Accident Insurance Policies, The MoneySmart Guide to Cheaper Car Insurance, See All Personal Accident Insurance Articles, Life Insurance in Singapore The Basics of Whole Life and Term Insurance. This is a unique website which will require a more modern browser to work! Rather than worry about which company youre buying from, its more important to compare insurance policies across different companies. Just because you have a life insurance policy from Insurance Company A doesnt mean you should get all your other policies from them in a show of brand loyalty. And like any other product on the market, different policies have their own selling points and weaknesses. They are supported by a professional network of Agents, Brokers, Schemes and have Direct capabilities to help service your insurance needs. Chubb is the worlds largest publicly traded property and casualty insurer. Ltd. (CTPIS) is a leading insurer for both life and general insurance businesses, providing one-stop financial solutions for your personal and business needs. On the other hand, for travel insurance, an easy claims process might be at the forefront of your mind. Theyre on a mission to help you fix your finances. However, insurance companies are largely left to design their policies. Ltd. has been serving the Singapore community since 1953. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk. All MAS-regulated insurance companies are obliged to abide by certain rules, so you can more or less be assured that they are not rogue, fly-by-night companies. Voted as one of Singapores Most Attractive Employers 2018 in Universums Global Talent Survey, we are a LIFE company that inspires people to LIVE GREAT. Address: 20 McCallum Street #07-01, Tokio Marine Centre, Singapore 069046. ECICS Limited (a subsidiary of publicly-listed IFS Capital Limited) is a provider of a broad range of credit insurance, and bonds and guarantees programmes in Singapore. Ltd. China Taiping Insurance (Singapore) Pte. The details you see on our site may be different from others. As The Real Life Company, we help families lead healthier, happier, better lives. The Singapore insurance industry is represented by two non-profit trade associations. It provides life, health and general insurance products. Its worth checking outhow user-friendly the claims process is in case you ever need to DIY your claim. Providing around 31 million customers with insurance, savings and investment products, Aviva are one of the leading providers of life and pension products in Europe and have strong businesses in selected international markets. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. With So Many Integrated Shield Plans Available, How Do You Decide Which to Choose? They have been serving the financial and protection needs of Singaporeans for 85 years. At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. indicating that bigger insurers like Great Eastern, AIA and Prudential enjoyed better returns from 2006 to 2015. AXAs mission is to help customers live their lives with more peace of mind by protecting them, their relatives and their property against risks, and by managing their savings and assets. Tokio Marine Life Insurance Singapore Ltd. Transamerica Life (Bermuda) Ltd. (Singapore Branch), Utmost Worldwide Limited, Singapore Branch, Zurich International Life Limited (Singapore Branch), Munich Re Singapore Branch (Mnchener Rckversicherungs-Gesellschaft), Pacific Life Re Limited, Singapore Branch, RGA International Reinsurance Company dac Singapore Branch, Copyright 2022 Life Insurance Association Singapore, Moratorium on Genetic Testing and Insurance, Illustrated Investment Rate of Return for Par Policies. They are Singapores 1st Bionic Financial Adviser. Out of the long list ofGIA member companies, heres a list of the major general insurance companies: Each company has its own mix of general insurance products and there are many types. As one of the largest global insurers, our purpose is to empower people to live a better life. Claims process: Dont assume your agent is going to be around with the insurer forever. We aim to make insurance easier for everyone with quality financial advice and innovative products and services. Its why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. Limited, 21 Collyer Quay #02-01, Singapore 049320. Its easier to compare health insurance plans apple-to-apple. MoneyOwl is a financial adviser and fund management company licensed by the MAS. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Swiss Re is one of the worlds leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. Allianz Singapore branch (Allianz Global Corporate & Specialty Property) operates in the country since 1981, serving the fast-growing Asian markets and delivering world-class insurance solutions, technical expertise and product innovation to local and Asian customers. We are a leading composite insurer with a respected global brand. Copyright 2008-2022, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Discover top Insurance companies hiring near you in Singapore. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs. For more than 125 years, they have been providing clients strong, reliable, trustworthy and forward-thinking solutions for their financial decisions. Not to toot our own horn, but MoneySmart can help you compare many types of insurance policies like travel, health and motor insurance, making the decision-making process so much easier. In this article, well list the major insurance companies in 3 areas: If youve met an insurance agent to talk about financial planning, chances are he or she would be from a life insurer. Manulife is a leading Canada based financial services organization with principal operations in Asia, Canada and the United States. Insurance Companies in Singapore (2020 Update), China Taiping Insurance (Singapore) Pte Ltd, List of Top Personal Loan Licensed Money Lenders in Singapore, 9 Best Budgeting / Expense Tracker App To Manage Your Finances, 6 Steps Quick Guide To Buying A HDB BTO & How To Apply In Singapore, Guide To Home-Based Business In Singapore, Things That Licensed Money Lender Cant Do When Collecting Debts In Singapore. Top-rated Insurance companies hiring near Singapore include AXA with an employee rating of 4.0 out of 5, Aon rated 3.9 out of 5, Aviva with a rating of 3.7 out of 5, AIG with a 3.7 out of 5, and AIA Group rated 3.8 out of 5 by employees. Address: 1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659. So you will first need to find out which companies offer the type that you are looking for. They use the smartest technologies to make insurance totally digital, with automated efficiencies to make it more convenient and affordable. This list consists of the best insurance companies in Singapore.