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8 Best Insurance Companies in Singapore


Insurance Singapore

Insurance is a necessary part of life.

It can protect you from any unexpected occurrences and help you to prepare for any eventuality.

The insurance industry is booming, and it's not hard to see why. Have you ever had an insurance agent come up to you on the street or at a restaurant?

The insurance business has grown exponentially in recent years, as more people are realizing the need to invest in insurance products. Plus, many people now taking out insurance policies for their homes, cars, and everything else in between.

In this blog post, we have put together this list of 8 Best Insurance Companies in Singapore that we think will be perfect for your needs!

1. NTUC Income

 NTUC Income - Insurance Singapore
NTUC Income - Insurance Singapore
Key ServicesLife Insurance
Health Insurance
Savings and Investments
Domestic Helper Insurance
AddressBranch Locator
ContactContact Form
Operating HoursMonday - Friday : 9.00am - 5.30pm
Saturday : 9.00am - 3.00pm
Sunday & Public holidays : Closed

NTUC Income is a leading composite insurance provider in Singapore, providing protection, savings, and investment solutions to individuals of all ages and walks of life.

In the coming months, Income will continue to extend its digital capabilities and add more features that would make life simpler for the millions of people who use it.

With their data-driven, multi-channel approach, we're leading the industry in providing customers with customized solutions that meet their rapidly changing demands and help them achieve financial independence.

Income was formed in 1970 and is the only insurance co-operative in Singapore. They are dedicated to generating a meaningful social impact through their services, products, and people.

As of today, they assist more than two million policyholders. Their excellent credit ratings, which underscore their commitment to customers, are a testament to their financial stability and multibrand investment portfolio.

Key Differentiators

  • Access telemedicine services via BetterHealth app
  • Get up to $1200 worth of CapitaVouchers
  • Enjoy 50% off i50 insurance premium for the first year

Client's Testimony

Easy to claim for any travel claims. their app is very user friendly as well, you can add your flight details into it too!

Xin Renkai

2. Prudential

Prudential - Insurance Singapore
Prudential - Insurance Singapore
Key ServicesPersonal, Family, Enterprise, Commercial Insurance Protection Company
Address5 Straits View #01-18/19, Marina One The Heart, East Tower. Singapore 018935
Phone1800 333 0333
ContactContact Form
Operating HoursMondays to Fridays, 9:00am to 4:00pm (By Appointment Only)

A Fortune Global 500 company, Prudential is one of the world’s largest insurance and financial services organizations with over 125 years of experience.

Having more than 800 million customer shares, which ranks them among the top insurance companies in the world.

In Singapore, their insurance products include life insurance and insurance for homes, cars and travel.

They offer five main types of life insurance: Whole Life and Term Life cover and 4 kinds of Protection plans that include Critical Illness, Income Protection, Business Interruption and Disability Cover.

Key Differentiators

  • Offers Medical Insurance Plans
  • Life Insurance Plans
  • Team of qualified financial consultants

Client's Testimony

I submitted my claim request directly via my hospital and the process was efficient. I did not have to worry about having to fork out a large sum of cash to pay for my hospital bill.

3. Liberty Insurance Singapore

 Liberty Insurance Singapore - Insurance Singapore
Liberty Insurance Singapore - Insurance Singapore
Key ServicesMotor Insurance
Home Insurance
Pet Insurance
Address51 Club St, Singapore 069428
Phone1800-LIBERTY (5423 789)
Operating HoursMonday to Friday: 8:30 AM – 5 PM

The insurance firm, named after the tree and the goddess of Liberty, was formed in 1906. It is part of Liberty Mutual Group, which has insured more people across the world for over a century.

Liberty is a major life and non-life provider in Singapore, with its headquarters in Marina Bay Financial Centre. Liberty insurance Singapore had revenue of SGD 1.3 billion in 2016 and was ranked sixth by per capita income among the country's insurers.

Liberty Insurance provides a wide range of insurance products and services to clients in Singapore, including property insurance, vehicle insurance, contents insurance, life insurance, and medical insurance.

Key Differentiators

  • 75th Fortune Ranking based on 2018 revenue
  • 6th Largest Property and Casualty insurer globally 2019 gross written premium
  • Financial Ratings: A.M. Best Co. - 'A' (Excellent), Moody's - 'A2' (Good), Standard & Poor's - 'A' (Strong)

Client's Testimony

Very easy to get transaction done. Helpful staff.

Chuan Aik Lee

4. Allianz

 Allianz - Insurance Singapore
Allianz - Insurance Singapore
Key ServicesLeading integrated financial services providers
Address79 Robinson Road #09-01
Singapore 068897
Phone+65 6297 2529
ContactContact Form

Allianz is one of the largest insurance companies in Southeast Asia. The company provides a wide range of insurance products, including life insurance, car insurance, and travel insurance.

Allianz also offers insurance for businesses, and it has a strong presence in the region.

In November 1998, Allianz established its Asian regional office in Singapore. The decision demonstrates Allianz's steadfast dedication to serving the fast-growing Asian markets with a mix of global power and local insight.

With the goal of providing best-in-class solutions to clients and taking a strong brand, Allianz Insurance Singapore Pte. Ltd. was established as a composite insurance entity with the purpose of better serving local retail, SME, and mid-corp markets via various channels including agents

Key Differentiators

  • Olympic and paralympic movements
  • Internationally-known
  • 100 million customers in more than 70 countries

5. AXA

AXA - Insurance Singapore
AXA - Insurance Singapore
Key ServicesPersonal Insurance
Business Insurance
Address8 Shenton Way, #24-01 AXA Tower, Singapore 068811
Phone1800 880 4888
Operating Hours9:00am – 5:30pm (Monday – Friday)

AXA Insurance takes pride in protecting properties, people, and assets.

This property-casualty sector includes insurance for personal belongings, such as automobiles and houses, as well as professional or personal liability. It offers a wide range of goods and services suited to our individual and commercial clients.

Individual and group life insurance policies not only include savings and retirement products, but also other health and personal protection services.

Lastly, their asset management is a subset of the insurance sector and involves investing and managing assets for Group insurance firms and their clients, as well as for third parties.

Key Differntiators

  • Zero tolerance to fraud and corruption
  • All senior officers across the Group are required to formally certify their compliance with the Codes on an annual basis
  • High Annual Coverage Limits

Client's Testimony

Called general line to enquire if there is any outstanding payment for my car hire purchase loan. Was attended by an excellent customer service agent (Jake). Explained clearly the status, and even gave me followup call. Best customer service ive received from an insurer to date.


6. Aviva

Aviva - Insurance Singapore
Aviva - Insurance Singapore
Key ServicesProtection
Car, travel and home
Savings and retirement
Group schemes
Address4 Shenton Way, #01-01 SGX Centre 1, Singapore 068807
Phone+65 6333 2222
Operating HoursMondays to Fridays: 8:45am to 5:30pm

Aviva Life Insurance helps businesses around the world achieve their business goals by assisting in the development, implementation, and/or maintenance of corporate image, and of course, they also cater to individuals as well.

Aviva is a Singapore-based insurance firm. They provide property, persons, and assets insurance. For the past 300 years, they have been assisting millions of customers all around the world. Plus, they paid 96.3 percent of claims in 2020, which is one claim every 39 seconds on average.

Lastly, they provide solutions that make life simpler for you. Furthermore, they are constantly coming up with new ways to make things easier for you, such as developing items tailored to your needs.

Key Differentiators

  • Get 20% lifetime premium discount
  • Customer rewards
  • Enjoy special savings when you purchase plans

Client's Testimony

So far so good! Happy with the 2 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 - purchase process is very simple and straightforward.

Yvonne Yeo

7. Great Eastern Holdings Limited

Great Eastern Holdings Limited - Insurance Singapore
Great Eastern Holdings Limited - Insurance Singapore
Key ServicesLife Insurance
Health Insurance Plans
Personal Accident Insurance
Travel Insurance
Car Insurance
Address1 Pickering Street #01-01
Great Eastern Centre,
Singapore 048659
Phone+65 6248 2211
Operating Hours9am to 5.30pm (Mon-Fri)

Great Eastern was founded in 1908, and it is the oldest life insurance company in Singapore and in Malaysia.

Not to mention, they are a leading property, casualty and life insurance wholesaler in Singapore, with more than S$90 billion in assets and over 10 million policyholders, including 7.5 million from government schemes.

They supply insurance solutions to clients through three successful distribution channels: a tied agency force, bancassurance.

In 1992, Great Eastern was the first insurance to create a bancassurance network in Singapore, in an exclusive arrangement with OCBC Bank. They have built relationships and continue to be a market leader in bancassurance as they develop new growth prospects in this sector to provide high-quality solutions and customer service with ease.

Key Differntiators

  • Retirement Planning
  • Disability Coverage
  • Multipay Critical Illness Coverage

8. General Insurance Association of Singapore

General Insurance Association of Singapore - Insurance Singapore
General Insurance Association of Singapore - Insurance Singapore
Key ServicesMotor Insurance
Property Insurance
Travel Insurance
Work Injury Compensation Insurance
Address79 Robinson Road, #07-01
Singapore 068897
UEN: S66SS0020G
Phone+65 6221 8788
Operating HoursMonday to Thursday: 8:30AM–5:30PM
Friday: 8:30AM–12:00PM

The General Insurance Association of Singapore (GIA) was founded in 1966 and is dedicated to making all elements of general insurance easier and more effective for customers, agents, and insurers based in Singapore.

What's unique about this last company on our list is that they work as a trade association, actively representing the interests of its members.

They constantly look for emerging trends and problems that may impact the whole insurance industry because they want to promote the sector's long-term success.

Plus, they are constantly updating their methods to keep up with the ever-changing business environment in order to ensure that the aims and structure of their organization continue to match those of its member firms.

Key Differentiators

  • Motor Insurance Fraud
  • GIA Internship Programme
  • Motor Insurers' Bureau

Client's Testimony

Ms Jessica Li from the GIA responded to my enquiry promptly and directed me to her appropriate counterpart to address my queries. Very efficient.

Eddie Goh

Insurance Singapore

You may or may not have insurance, but it's important to find the best insurance company for you. The 8 insurance companies in Singapore listed here are competitively priced and provide quality coverage across a range of insurance types.

Whether you're looking for home insurance, car insurance, motorcycle insurance - these companies offer all that and more!

If any insurance company on this list is perfect for you, don't wait another minute! Get a quote today before it's too late!