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Anonymous

07 Sep 2021

∙

Which company has the cheapest 1 million term death insurance for age 26yo( born 1994) ?

Was quoted 43.05/month till 65, 47.85 till 70 and 52.80 till age 75. AXA is having a perpetual discount and I was quoted 36.43 till age 65, $41.47 till 70 and $48.61 till age 75. Will it make more sense to go for AXA since they have better rating?

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Elijah Lee

01 Oct 2021

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

There's a 40% perpetual discount now for AXA, and generally it would be the cheapest on the market for quite a number of age groups.

Just ensure you check on compare first to ensure you have the cheapest quote and you'll be good to go.

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tinycents

Edited 13 Sep 2021

One of the cheapest plan I know is mindef aviva group term life (pros and cons included, also got to be eligible then can apply). let me know if you found other cheaper options.

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Loh Tat Tian

Edited 09 Sep 2021

Founder at PolicyWoke (We Buy Insurance Policies)

Not able to say which insurer, but definitely some private insurance is cheaper, without the issues ...

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