The 7 Best Insurance Companies in Singapore 2022
Whether you’re looking to buy a new home, insure your car, or get life insurance to protect the ones you love, you’ll want to make sure you go with the best insurance company in Singapore that will give you the peace of mind you need. That said, not all insurance companies are created equal, so it’s important to look at the following factors when choosing one. Each of these factors will give you an idea of what kind of experience you can expect from each insurance company as well as help you decide which one is right for your needs ! Here is The 7 Best Insurance Companies in Singapore
DirectAsia is one of Singapore’s largest insurers, with a wide variety of insurance coverage to suit every customer. While traditional car insurance is DirectAsia’s bread and butter, they offer a comprehensive range of additional insurance products including home and travel insurance. A
mongst a long list of top-rated banking institutions, DirectAsia came out on top as one of Singapore’s best car insurers in 2016 due to their commitment to exceptional customer service and vast policy coverage. If you’re looking for an affordable but reliable way to protect your vehicle from physical damage, theft or liabilities that arise from injury or death whilst driving, DirectAsia is your safest bet. They have offices throughout Asia so contact them directly for a quote if you don’t see coverage available where you live.
NTUC Income is an insurance company that specializes in retirement, general, and personal lines of insurance. It ranks high as a result of its financial security, with $14.6 billion in total assets. NTUC Income has been around since 1965 and currently employs over 2,000 people across offices in Penang, Jakarta, Kuala Lumpur, Johor Bahru, and Shah Alam.
The company ranked 3rd on Asia’s Best Employers list by Aon Hewitt as well as 13th among 200 organizations listed by Forbes Asia’s 2017 Asia’s Best Under a Billion organizations (NTUC Income).
NTUC Retirement: The aptly named NTUC Retirement ranks 4th on our list for its wealth management services for businesses and individuals. Since it was founded in 1986, NTUC Retirement has expanded to include two subsidiaries: NTUC Asset Management and NTUC Link Financial Services. In addition to offering investment advice, planning, and portfolio management, these companies also offer pension plans for employers who want to provide their employees with better savings options.
AXA Life Insurance Company: Founded in 1817 under French law, AXA Life Insurance Company is one of Southeast Asia’s largest life insurers and one of Europe’s leading financial services groups. With more than 65 million customers worldwide including more than 6 million in Asia AXA provides life insurance products such as term assurance, critical illness cover, endowment assurance, and pensions through a network of more than 5500 branches worldwide including close to 1000 branches in Singapore alone.
AXA Sun Life
AXA Sun Life (Hong Kong) Limited is one of Asia’s largest financial services groups, providing insurance, asset management, and financial planning. The company was established in 1984. AXA Sun Life has over 3 million customer accounts with a market share of 6.8% by total premiums written and 4.9% by new business premium equivalent1. As of 30 June 2017, its total assets under management amounted to approximately S$78 billion2.
AXA Sun Life focuses on three main lines of business: Property & Casualty, General Insurance, and Asset Management. It also offers banking products such as mortgages and loans for customers through AXA Bank (Singapore). In addition, it offers retirement solutions through Investment Services for individuals and corporate clients through Hong Leong Bank Ltd., as well as provides wealth management solutions through various channels including brokerage firms3.
Aviva Life is one of Asia’s leading life insurers. It provides protection and savings products across Asia Pacific and has a strong presence in Singapore, Malaysia, Vietnam, Hong Kong, Indonesia and Thailand. Aviva works with its partners to protect families against financial risks and safeguard them financially when they face unexpected challenges.
Aviva Life offers customers quality protection at an affordable price through tailored coverage plans that can be adapted according to their specific needs: Insurance Protection – Aviva Life provides high-quality insurance protection to help protect you and your family from financial risk during challenging times such as injury or disability.
Great Eastern Life
Great Eastern Life is a Singapore-based insurance company that was founded over a century ago. In addition to life and medical insurance, it also offers investment options, retirement planning tools, and other services. Its products can be purchased online or via a call center. If you have multiple policies with Great Eastern Life, you can also apply for group coverage on a bulk basis.
This can save time and money because you’ll only have to apply once instead of seven times. The company has won numerous awards and is considered one of the best insurance companies in Singapore. It’s been named one of Asia’s top five insurers by A.M. Best Company and received five stars from Morningstar for its long-term financial strength ratings.
Prudential Assurance Company Singapore
If you’re living in Singapore, why not get a quote for your life insurance or annuity from Prudential Assurance Company? They are a company that can be trusted and guaranteed to provide you with good customer service. Get started today with Prudential by visiting their website. Their mission is to protect your income and guarantee that everyone has money they can rely on when they need it most. Check out Prudential today if you’re looking for life insurance or annuities!
AIA is known as Asia’s most international insurance company. Their products and services are available in 19 countries across Asia, Australasia, Europe and North America, with a sales network reaching more than 550 locations globally. AIA is especially strong in emerging markets like Vietnam and China, providing expats some peace of mind for themselves and their loved ones back home.
The company also offers a comprehensive range of investment products that complement its insurance offerings. It’s also part of a larger group that includes life insurer Prudential – think: powerful diversification benefits! All these reasons make AIA our top pick for best overall insurance provider in Singapore.
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