It provides life, health and general insurance products. 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. Marsh McLennan (NYSE: MMC) is the worlds leading professional services firm in the areas of risk, strategy and people. Singlife was built because they believe that the world needs a better kind of insurance company. All insurance companies in Singapore are regulated by the Monetary Authority of Singapore (MAS). The umbrella term general insurance encompasses many types of products, such astravel insurance, home insurance, car insurance, maid insurance and personal accident insurance. They have been serving the financial and protection needs of Singaporeans for 85 years. 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. There is no great company without a great purpose: ours is to empower our 105 million customers to live a better life. Thomas Buberl For more than 125 years, they have been providing clients strong, reliable, trustworthy and forward-thinking solutions for their financial decisions. Rated A by Fitch in April 2019 for their financial strength and stable outlook, they humanise insurance by placing people over policies. Sign up for our newsletter for financial tips, tricks and exclusive information that can be personalised to your preferences! They are regulated by the Monetary Authority of Singapore (MAS) and governed by the Insurance Act. We offer a flexible working environment where curious and adaptable people thrive. 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. At Aviva, our purpose is to free people from fear of uncertainty, enabling them to get on with their lives with confidence. They are a licensed general direct insurer and also a member of General Insurance Association in Singapore. Click here to visit website and find out more. They are supported by a professional network of Agents, Brokers, Schemes and have Direct capabilities to help service your insurance needs. That being said, due to MASs iron grip, even insurers with lower credit ratings are quite secure. 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. The details you see on our site may be different from others. Chubb is defined by its extensive offerings, broad distribution capabilities, exceptional financial strength and local operations globally. MoneyOwl is a financial adviser and fund management company licensed by the MAS. Click here to visit website and find out more. All rights reserved. Address: HSBC Insurance (Singapore) Pte. Limited, 21 Collyer Quay #02-01, Singapore 049320. At its most basic, There are other insurance companies not on the list that provide. how user-friendly the claims process is in case you ever need to DIY your claim. MoneyOwl is a social enterprise and a joint venture between NTUC Enterprise Co-operative Limited and Providend Holding Private Limited. We listen to customers to make sure we give them the financial security they really want. Helping clients stay ahead of risk and serving as their partner in times of need is WHY AIG is here. EQ Insurance is a Singapore-based multinational insurance firm with profitable portfolio of non-life insurance business. As one of the largest global insurers, our purpose is to empower people to live a better life. Click here to visit website and find out more. NTUC Income Insurance Co-operative Limited is the only insurance cooperative in Singapore. Pregnancy Complications: Fully covers 26 pregnancy complications, including ectopic pregnancy, eclampsia, miscarriage, haemorrhage, still birth, gestational diabetes, and more. 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. Because, above all, their well-being is what they collectively work for. 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. MSIG Singapore are one of the few foreignbased general insurers who offer a wide range of insurance solutions across personal and commercial lines. Dialysisrelated treatment and immunosuppressants will not be pro-rated. Having the HDB Fire Insurance or policy arranged by my bank is good enough. 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. 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. One way is to use MoneySmarts car insurance wizard to view the list of available insurance products. Chubb is the worlds largest publicly traded property and casualty insurer. All Rights Reserved. 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. Travel Insurance Singapore Guide (2022): Which travel insurance to buy? NTUC Income Insurance Co-operative Limited is the only insurance cooperative in Singapore. Click here to visit website and find out more. 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. With annual revenue over $17 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. So you will first need to find out which companies offer the type that you are looking for. AIG Asia Pacific Insurance Pte. They are Singapores 1st Bionic Financial Adviser. 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. Click here to visit website and find out more. They use the smartest technologies to make insurance totally digital, with automated efficiencies to make it more convenient and affordable. 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. At Aviva, our purpose is to free people from fear of uncertainty, enabling them to get on with their lives with confidence. 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. 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. 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. For over a century, Great Eastern has been at the forefront of Asias insurance industry, providing financial security and peace of mind to millions. 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. 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. 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. AIG Singapore (AIG Asia Pacific Insurance Pte) is a wholly-owned subsidiary of AIG a world leading insurance services provider serving more than 70 million clients around the world. Life insurance products tend to be complex, so agents play a big part in explaining and selling them. 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). Click here to visit website and find out more. 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. It provides life, health and general insurance products. However, there are a few considerations youll want to keep in mind when comparing insurance products. Banks' offices and ATMs locator, SWIFT codes and more. 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. This is a unique website which will require a more modern browser to work! We combine life insurance, general insurance and asset management businesses under one powerful brand. 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. 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. 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. Click here to visit website and find out more. Share it with friends and family. Life insurance is one of the biggest umbrella terms in the insurance world. 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. Click here to visit website and find out more. Rather than worry about which company youre buying from, its more important to compare insurance policies across different companies. 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. The list of financial products displayed on this website are not exhaustive. By continuing I agree to MoneySmart.sg's Terms of UseandPrivacy Policy. 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. 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. Zurichs presence in Singapore dates back to 2006. Address: 1 Finlayson Green, Singapore 049246. On the other hand, for travel insurance, an easy claims process might be at the forefront of your mind. The banking industry in Singapore is regulated by the Monetary Authority of Singapore. With a comprehensive suite of protection, savings, retirement and legacy planning solutions, they are committed to helping their customers plan for a better future. 2009-2022 MoneySmart. Pro-ration for non-subsidised outpatient cancer treatments is applicable. For more information, visit mmc.com, follow us on LinkedIn and Twitter or subscribe to BRINK. 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. 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. At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. 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. Disclaimer: At MoneySmart, we aim to provide accurate, objective and up-to-date information. 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. Here at DirectAsia, customer is at the heart of everything they do. To recap, brand name isnt all that important when it comes to buying insurance. Ltd. Friends Provident International Limited (Singapore Branch), Life Insurance Corporation (Singapore) Pte Ltd, NTUC Income Insurance Co-operative Limited, Prudential Assurance Company Singapore (Pte) Limited, Quilter International Isle of Man Limited Singapore Branch, St. James's Place International plc (Singapore Branch), Sun Life Assurance Company of Canada, Singapore Branch, The Great Eastern Life Assurance Company Limited. Get personalised quote by filling out the form below manually. 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? It currently has seven branches and five lite branches across Singapore. With So Many Integrated Shield Plans Available, How Do You Decide Which to Choose? Upon submitting this form, you agree to be contacted with the above information provided. As The Real Life Company, we help families lead healthier, happier, better lives. Address: 75 Bras Basah Road, Income Centre, Singapore 189557. For over a century, Great Eastern has been at the forefront of Asias insurance industry, providing financial security and peace of mind to millions. China Taiping Insurance (Singapore) Pte. Across the world, we protect our 34 million customers and the things that are important to them. Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. Ltd. (CTPIS) is a leading insurer for both life and general insurance businesses, providing one-stop financial solutions for your personal and business needs. MoneySmart can help you compare many types of insurance policies. Click here to visit website and find out more. The company serves multinational corporations, mid-size and small businesses with property and casualty insurance and risk engineering services; affluent and high net worth individuals with substantial assets to protect; individuals purchasing life, personal accident, supplemental health, homeowners, automobile and specialty personal insurance coverage; companies and affinity groups providing or offering accident and health insurance programs and life insurance to their employees or members; and insurers managing exposures with reinsurance coverage. 80 Robinson Road,#23-02/03Singapore 068898 Tel: 800-110-1951 Fax: 6395 6747 www.aetnainternational.com, 1 Robinson Road, #13-00 AIA Tower Singapore 048542 Tel: 1800-2488000www.aia.com.sg, 78 Shenton Way, #11-16 Singapore 079120 Tel: 6419 3000 Fax: 6225 6772 www.aig.com.sg, 79 Robinson Road,#09-01,Singapore 068897 Tel: 6297 2529 Fax: 6297 1956www.allianz.com.sg, 79 Robinson Road,#09-01,Singapore 068897Tel: 6714 3369www.allianz.sg, 60 Anson Road, #08-01 Mapletree Anson Singapore 079914 Tel: 6220 1188 Fax: 6423 0798www.awac.com, 190 Clemenceau Avenue, #03-01 Singapore Shopping Centre Singapore 239924 Tel: 6221 2111 Fax: 6725 0611https://www.budgetdirect.com.sg/car-insurance, 9 North Buona Vista Drive, #18-01/06 The Metropolis Tower 1, Singapore 138588 Tel: 1800-8804-888 Fax: 6880 4740 / 6880 5501 www.axa.com.sg, 39 Robinson Road, #10-01 Robinson Point Singapore 068911 Tel: 6675 1500 www.bhspecialty.com, 3 Anson Road, #16-00 Springleaf Tower Singapore 079909 Tel: 6389 6111 Fax: 6222 1033 www.sg.cntaiping.com, 138 Market Street, #11-01 CapitaGreen Singapore 048946 Tel: 6398 8000 Fax: 6298 1055 www.chubb.com/sg, 152 Beach Road, #33-05 The Gateway East Singapore 189721 Tel: 6391 9520 Fax: 6391 9530 www.cigna.com, 20 Anson Road, #08-01, Twenty Anson, Singapore 079912 Tel: 6532 2888 Fax: 6516 0904 www.directasia.com, 10 Eunos Road 8, Singapore Post Centre, #09-04A, Singapore 408600 Tel: 6337 4779 Fax: 6338 9267 www.ecics.com.sg, 5 Maxwell Road, #17-00 Tower Block MND Complex Singapore 069110 Tel: 6223 9433 Fax: 6224 3903 www.eqinsurance.com.sg, 8 Temasek Boulevard, #04-01, Suntec Tower Three Singapore 038988 Tel: 6829 9199 Fax: 6829 9248 www.ergo.com.sg, One Raffles Quay, #22-01 North Tower Singapore 048583 Tel: 6336 0477 Fax: 6339 2109 www.etiqa.com.sg, 6 Temasek Boulevard, #18-01 Suntec Tower Four Singapore 038986 Tel: 6727 5700 Fax: 6727 5799 www.fwd.com.sg, 3 Temasek Avenue, #16-01 Centennial Tower Singapore 039190 Tel: 6804 6000 Fax: 6235 2616 www.greatamericaninsurancegroup.com, 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659 Tel: 6248 2000 Fax: 6532 2214 www.greateasterngeneral.com, 1Raffles Place # 21-61 Tower 2, One Raffles Place, Singapore 768100 Tel:69229522www.hdi.global/sg/enhdi.global/sg/en, 11 Keppel Road, #11-01 ABI Plaza Singapore 089057 Tel: 6702 0202 Fax: 6221 3782 www.hlas.com.sg, 64 Cecil Street, #04/#05-02, IOB Building Singapore 049711 Tel: 6347 6100 Fax: 6225 7743 www.iii.com.sg, 51 Club Street, #03-00 Liberty House Singapore 069428 Tel: 6221 8611 Fax: 6226 3360 www.libertyinsurance.com.sg, 138 Market Street, #03-01 CapitaGreen Singapore 048946 Tel: 6499 9330 Fax: 6538 7768 www.lloyds.com. 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. Click here to visit website and find out more. Click here to visit website and find out more. It had total assets of US$168 billion as of 30 November 2015. We have been serving the financial and protection needs of Singaporeans for 85 years. The business that is now AIA was first established in Shanghai almost a century ago. Best Travel Insurance for Extreme Sports and Outdoor Adventure Coverage (2022), OCBC Travel Insurance Review 2022: Promotion, Complimentary Insurance, Covid-19. 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. Ready to find a new job at a top Insurance company near you? We are a leading composite insurer with a respected global brand. MSIG Insurance Singapore is one of the leading general insurance companies in the country with over 100 years of experience. 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. 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). Click here to visit website and find out more. 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. Click here to visit website and find out more. Insurers must have a licence to operate, and insurance brokers must be registered with MAS. Both organisations set out industry guidelines and recommendations, but MAS has the final say. For more details on how we handle data, view our Privacy Policy. Lets say you want to buy car insurance. Need Help? Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. All other things being equal, we prefer being able to manage our policies online with a more digitally-savvy insurer. , but for most Singaporeans and PRs, IPs make the most financial sense. They have been assuring their customers in Singapore with financial peace of mind for over 80 years. We aim to make insurance easier for everyone with quality financial advice and innovative products and services. Address: 30 Cecil Street, #30-01 Prudential Tower, Singapore 049712. At its most basic, term life insuranceis a financial product that pays out in the event of your death (and thats it). Zurichs presence in Singapore dates back to 2006. 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. The Companys 76,000 colleagues advise clients in 130 countries. 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. They are one of the largest General Insurance companies in Singapore offering innovative solutions to the changing needs of individuals and corporate clients. Read more:With So Many Integrated Shield Plans Available, How Do You Decide Which to Choose?

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