These are the top 5 leading insurance companies in Singapore: AIA, NTUC Income, Aviva, Great Eastern Life, and AXA.
AIA Singapore was established in 1931. It belongs to the AIA Group which is the largest publicly listed life insurance provider in the Asia-Pacific region. AIA offers the following insurance coverage: Life Protection, Medical Protection, Critical Illness Protection, Disability Income Protection, Accident Protection, Savings, Investments, Platinum, Travel & Lifestyle, AIA Vitality, and Employee Benefits for businesses.
Its most popular health insurance plan: AIA HealthShield Gold Max. This plan is a medical reimbursement plan with a combination of Medishield Life and additional private insurance coverage. Beneficiaries have a choice to stay in private hospitals or A/B1 Class Wards in public hospitals, plus a 20% discount on consultation fees.
Official website: http://www.aia.com.sg/en/our-products.html
NTUC Income was founded in 1970 as an insurance cooperative in Singapore. It provides insurance coverage for life, health, accident, vehicle, travel, home & lifestyle, specialized care, insurance for children and students, and insurance for businesses.
NTUC Income’s Specialized Care Insurance offers coverage for the elderly and individuals with autism and down syndrome. Senior citizens may avail of the SilverCare Insurance plan which offers coverage for accidental death, permanent disability, medical expenses, and home care.
Official website: https://www.income.com.sg/insurance
Aviva is a London-based insurance provider that was founded in 1696. It started as Hand in Hand Fire and Life Insurance Society which has undergone expansion and mergers throughout its 300-year history. The Aviva brand was launched in 2002. Aviva offers life insurance, health insurance, general insurance for vehicles and homes, and asset management.
Aviva’s MyShield Standard Plan is an affordable option that was developed in close coordination with the Ministry of Health. This plan provides higher coverage than the basic MediShield Life.
Official website: https://www.aviva.com.sg/en/
Great Eastern Life is an insurance provider that operates from Singapore and Malaysia. It was established in 1908 and is now one of the leading insurance companies in Asia. It offers insurance plans for personal and corporate needs.
Great Eastern’s Flexi Maternity Cover is a specific plan designed for mothers and their newborn. This maternity insurance plan can be availed as early as 13 weeks into the pregnancy and provides coverage in case of complications in the pregnancy or congenital illness of the baby.
AXA is a multinational insurance company based in France. It was founded in 1816 as Mutuelle de L’assurance contre L’incendie. The name AXA was adapted in 1985 and since then, the company has expanded into 59 countries. It offers insurance plans for life, health, vehicle, home, personal accident, savings and investment, and employee benefits for businesses.
AXA offers the International Exclusive health plan. It allows international emergency medical assistance for beneficiaries through evacuation or repatriation anytime as needed.
Official website: https://www.axa.com.sg/our-solutions/personal/health