Online Life Protection - Leading digital insurance company in Singapore | TIQ Singapore

Online Life Protection

Life insurance to bridge your protection gap

Protect you and your loved ones from life’s uncertainties

Choose from Whole Life and Term Life plans

Life protection from $0.04/day

No medical examination required

Guaranteed policy renewal

Option to accumulate cash value
with Whole Life Plan

Protection against 30 critical illnesses*

*For DIRECT - Etiqa term life and DIRECT - Etiqa whole life only

Protect your life with flexibility of choices

FLEXIBLE COVERAGE • Choose the amount of protection you need
• No medical examination is required ^
CHOICE OF COMMITMENT PERIOD Choose the sum insured and duration of coverage you require:
• Protection for short-term obligation: Choose a term plan with 5-year renewable term (renewal guaranteed) ^^
• Long-term protection with certainty: Choose a term plan with 20-year fixed term or be covered till 65 years old
• Lifetime protection: Choose a whole life plan with limited-pay up to age 70 or 85 years old
CHOICE OF CASH VALUE To accumulate cash value, choose a whole life plan with lifetime cover
CHOICE OF EXTRA PROTECTION Take precaution against 30 critical illnesses with the optional DIRECT - Etiqa CI rider * (only available with DIRECT – Etiqa term life or DIRECT – Etiqa whole life)

^Refer to FAQs below for more information
^^For DIRECT - Etiqa term life and ePROTECT term life only. At an updated premium at age of renewal

Term Life or Whole Life Plans

Choose from short-term to lifetime coverage

DIRECT - Etiqa term life

Plan Type

Term plan: Life protection for selected term

Sum Insured

$50,000 - $400,000

Policy Term

5-year renewable term,
20-year fixed term or
be covered till 65 years old

Premium Term

Same as policy

Guaranteed renewal

Cash value and reversionary bonus accumulation

Get Quote
ePROTECT term life

Plan Type

Term plan: Life protection for selected term

Sum Insured

$401,000 - $2 million

Policy Term

5-year renewable term,
20-year fixed term or
be covered till 65 years old

Premium Term

Same as policy

Guaranteed renewal

Cash value and reversionary bonus accumulation

Get Quote
DIRECT - Etiqa whole life

Plan Type

Whole life plan: Lifetime protection

Sum Insured

$50,000 - $200,000

Policy Term

Lifetime

Premium Term

Pay till age 70 or 85

Guaranteed renewal

N.A

Cash value and reversionary bonus accumulation

Get Quote

*Refer to FAQs below for more information

Tailoring the plans to your needs

Curated plans to cover unique needs at different stages of your life

Name: Aziz
Age: 30
Occupation: Engineer
Description: Getting married in 6 months
Life Insurance: The Strategist knows the importance of looking beyond the surface. He is motivated to get the best life protection and value at a lower cost. Here, Aziz compares DIRECT - Etiqa term life and ePROTECT term life.
High coverage at lower costs
Best value premium

More than 16% savings! 2

ePROTECT term life DIRECT - Etiqa term life
Premiums1
Premium $459.00 per year $107.10 per year
Premium and Policy Terms Fixed at 20 years Fixed at 20 years
Sum Insured $1 Million $200,000
Premiums based on $100,000 coverage:
Premium $45.90 per year or less than $0.13 per day $53.55 per year or less than $0.15 per day

1 Premium is based on a Male, non-smoker, 30 years old (age next birthday) for illustration only
2 Calculated premiums based on $100,000 coverage

Although the premium looks higher at first glance, ePROTECT term life offers a more cost-effective way to enjoy higher protection at a lower cost.

Frequently Asked Questions

 

What is Direct Purchase Insurance?
Direct Purchase Insurance (DPI) – identified by the prefix “DIRECT” in their product names – are life insurance products that you can buy directly from insurance companies, without paying any intermediary fee. Tiq provides two DPI options, namely DIRECT – Etiqa term life & DIRECT – Etiqa whole life. Both options come with Life and Total and Permanent Disability cover and an option to cover Critical Illnesses. More information on DPI is available at: DPI Fact Sheet or MoneySense website.
Is medical examination required in order to purchase a term life insurance?
With DIRECT – Etiqa term life and ePROTECT term life, you can get up to S$1.5 million of coverage without the need for a medical check for customers up to age 40 and in the pink of health. If a medical check is required, we will bear the cost. For customers above age 55, the allowable limit for purchase without medical check-up is S$100,000.
Is medical examination required in order to purchase a whole life insurance?
With DIRECT – Etiqa whole life, you can get up to S$200,000 of coverage without the need for a medical check if you are in the pink of health. If a medical check is required, we will bear the cost. For customers above age 55, the allowable limit for purchase without medical check-up is S$100,000.
 
 

Brochures and Documents

 

Fact Sheet: Direct Purchase Insurance

Last updated 21 May 2018

Download
General Provisions Contract: ePROTECT term life

Sum insured: $401,000 - $2,000,000

Download
General Provisions Contract: DIRECT - Etiqa term life

Sum insured: $50,000 – $400,000

Download
General Provisions Contract: DIRECT - Etiqa whole life

Sum insured: $50,000 – $200,000

Download
Rider Contract: DIRECT - Etiqa CI rider (Optional)

Download

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Important notes:

This policy is underwritten by Etiqa Insurance Pte. Ltd.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

The information contained on this product advertisement is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.

Age means the age at next birthday.

You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you.

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 (LIA) or SDIC web-sites (www.lia.org.sg or www.sdic.org.sg ).

This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract.

DIRECT - Etiqa whole life
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.

DIRECT - Etiqa term life, ePROTECT term life
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.

Information is correct as of 16 August 2019.