Insurance
Life
A payout for your dependants if you pass away.
5 types of cover in this family.
Term Life Insurance
Pure death (and usually terminal-illness) cover for a fixed number of years, at the lowest cost per dollar of protection.
Full breakdownMortgage-Reducing Term Assurance (MRTA / Home Protection Scheme)
Term cover whose sum assured shrinks alongside your home-loan balance, so the payout clears the outstanding mortgage if you die or become totally disabled.
Full breakdownDependants' Protection Scheme (DPS)
A low-cost national term-life scheme that gives working CPF members basic death, terminal-illness and total-disability cover, payable from CPF.
Full breakdownWhole Life Insurance
Lifelong death and critical-illness cover that never expires, with a slowly growing cash value, at a much higher premium than term.
Full breakdownEndowment Plan (Savings Plan)
A fixed-term savings product with a small amount of life cover, designed to hit a maturity payout on a target date rather than to maximise protection.
Full breakdownWant a detailed look at your own situation?
Everything here is education, not advice. When you want to see what you can actually do, a licensed adviser will map it to your income, CPF, and goals.