Is the Singlife life insurance is tax deductible?

There are a number of criteria to fulfil in order to be eligible for life insurance relief: https://www.iras.gov.sg/irashome/Individuals/Lo...

Generally if you are looking for coverage for death only, then go for the cheapest plan as the terms for payout are usually the same.

If you intend to get coverage for Total & Permanent Disability, or Critical Illness, then I will suggest you to either do further research on your own or to seek professional advice. This is because the scope of coverage may be different.

Given that there are so many plans available on the market, there isn't a one-size-fits-all solution. Instead, it is more about understanding your needs and to choose the most suitable plan based on your budget.

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