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MySimple Term Plan

Hassle-free and affordable term life insurance

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Enjoy cashback of up to S$200

Sign up for MySimpleTermPlan and earn cashback of up to S$200, credited directly into your Singlife Account. 

Terms and conditions apply.

Find out more

What is MySimpleTermPlan?

MySimpleTermPlan is a yearly renewable term life insurance plan that pays a lump sum in the event of death, Terminal Illness or Total and Permanent Disability during the coverage period. It is an affordable term life insurance plan in Singapore that has an online purchase option, making it easy for you to take on life with confidence.

It's affordable

Premiums1 start from S$0.372 per day for S$500,000 coverage. That’s less than the cost of a cup of Kopi. 

Hassle-free application

Simply answer a few health questions and we’ll process your application.

It offers financial assurance

Should any of the covered events occur, there’ll be a lump-sum payout that can be used for your children’s education fund or repayment of debt such as your home mortgage.

Life insurance made simple, easy and affordable

Buying life insurance in Singapore should be easy. Select the coverage you need, answer a few health questions, submit your application online or with your financial adviser representative, and you’re all set!

MySimpleTermPlan is a simple solution that helps you save time and money. It gives you peace of mind knowing that your loved ones will be financially protected if you’re no longer able to provide for them. 

Key features

  • Affordable
    Premiums1 start from S$0.372 per day for S$500,000 coverage.
  • Easy application
    Simply answer a few health questions and we’ll process your application.
  • Lump sum payout
    In the event of death, Terminal Illness or Total and Permanent Disability.
  • Choice of coverage level
    Sum assured ranges from S$150,000 to S$500,000, so you can select what you need.
  • Continuous coverage
    Renew your coverage yearly1 for non-stop coverage until you're 86 years old.

Options for more comprehensive protection

No one is immune to accidents and critical illnesses, but you can prevent them from affecting your financial security. That’s why MySimpleTermPlan lets you add on essential riders for greater assurance. 

Personal Accident Cover

This rider3 covers you in the event of an accident-related injury or death. You can choose a sum assured amount of S$100,000 to S$500,000.

Critical Illness Cover

This rider3 provides you with a lump-sum payout in the event you’re diagnosed with any of the 36 severe-stage critical illnesses covered including cancer and stroke. You can choose a sum assured amount of S$50,000 to S$350,000.

Here's how MySimpleTermPlan works

Andy, an accountant aged 41, wanted to ensure that his wife and two young children would continue to be financially supported should he pass away. He bought MySimpleTermPlan with a sum assured of S$500,000 and added two riders, Personal Accident (PA) Cover and Critical Illness (CI) Cover, with coverage of S$100,000 each, for greater peace of mind. He paid S$708 for the first year of coverage, which worked out to S$59 per month. 

All ages mentioned refer to age next birthday.


Now comes the easy part!

Follow these three simple steps to get your term life coverage today.


Get started

Our application process takes less than 10 minutes. Get your personal details ready or you can retrieve them securely via MyInfo with Singpass.


Choose your coverage

Select the coverage you need plus optional add-ons such as Personal Accident Cover or Critical Illness Cover for a more comprehensive protection. 


Complete your application

Simply answer a few health questions to complete your application. And you’re all set!    

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You may also call Singlife Financial Advisers at +65 6827 9980 (Mon - Fri, 9am to 6pm) if you're interested to purchase the product. 

If you have an existing financial adviser representative, please leave your details in the form below and they will be in touch. 

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This policy is underwritten by Singapore Life Ltd.

This is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. A copy of the Product Summary may be obtained from us and the participating distributor's offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you.

As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely. Buying a health insurance policy that is not suitable for you may impact your ability to finance your future healthcare needs. This is not a contract of insurance. Full details of the standard terms and conditions of this policy can be found in the relevant policy contract.

This advertisement has not been reviewed by the Monetary Authority of Singapore. Information is accurate as of January 2022.

This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association or SDIC websites ( or