Settle In, Stay Protected: The Essential Insurance Bundle for Expats in Singapore

New to Singapore, or building your life here for the long term? Moving to a new country often means focusing on the immediate priorities - finding a home, settling into work and navigating healthcare. But one important question may easily be overlooked: if something happens to you, would your loved ones and financial commitments be adequately protected in Singapore?

As a foreigner living and working in Singapore, your financial commitments, dependents and healthcare needs may be different from those in your home country. Your existing insurance overseas may also not provide the same level of protection for your life and healthcare needs here.

Whether you’re just starting out in Singapore or already firmly established, having the right insurance in place can help protect your income, your loved ones and the life you’re building while giving you greater confidence as you plan your future here.

One Place for Your Protection and Investment needs

As an expat or foreigner living in Singapore, you may have financial commitments and priorities that extend beyond Singapore - from protecting your loved ones and income to managing assets in different countries. This is why your financial plan should go beyond simply preparing for the unexpected. It should help you:

• Protect your income and loved ones if something unexpected happens.
• Prepare for critical illnesses and major health events with lump-sum protection.
• Access quality private medical care when you need it.
• Plan for your future and wealth transfer as your assets grow, both in Singapore and overseas.

What We Consider Essential Protection

Insurance needs vary from person to person. But if you are living and working in Singapore, there are three areas of protection we believe are worth considering as a starting point especially if you have not yet reviewed how well your existing coverage protects you here.

Our recommended insurance bundle is built around these three areas:

1.     Term Life Cover

Term insurance provides a straightforward way to establish substantial life protection at a relatively affordable premium. Dependent on the policy, it can provide financial support to your loved ones in the event of death, terminal illness or total and permanent disability.

For foreigners and expats with financial commitments in Singapore or overseas, this can be particularly important if your family relies on your income.

Coverage Type	What it protects you against
Term Life	Loss of income and financial support for your family

2.      Early Critical Illness (ECI) Rider

Life insurance isn't only about what happens after death. An Early Critical Illness (ECI) rider can provide a lump-sum payout upon diagnosis of specified critical illnesses, which may include early-, intermediate- and late-stage conditions, depending on the policy.

This can provide financial support if you need to take time away from work for treatment or recovery.

In Singapore, one way to obtain critical illness coverage is by adding an ECI rider to a term insurance plan. This allows a single policy to provide protection against death, terminal illness and total and permanent disability, while also providing coverage for specified critical illnesses.

Coverage Type	What it protects you against
Early Critical Illness (ECI) Rider	The financial impact of being diagnosed with a covered critical illness

3.      Private Hospital Coverage

Healthcare costs can be significant, particularly if you prefer access to private hospitals and greater flexibility when seeking treatment in Singapore. Our recommended bundle therefore also includes private hospital coverage.

For foreigners and expats, having appropriate health insurance can be especially important, as your healthcare coverage may depend on factors such as your residency status, employer benefits and existing overseas arrangements.

Coverage Type	What it protects you against
Private Hospital Cover	Potentially significant medical and hospitalisation expenses

There are two ways of getting this private hospital coverage:

• Singapore Integrated Shield Plans
• International Health Plans

The right option may depend on how long you expect to remain in Singapore, your healthcare preferences and whether you may relocate in the future.

Here is an overview of the differences between the two:

	Singapore Integrated Shield plan	International Health plan
Private Hospital coverage	Yes	Yes
Scope of coverage	Singapore only	Worldwide, depending on plan
Portability	Not portable, policy will terminate if you leave Singapore permanently.	Portable. Coverage can follow you if you relocate to another country.
Deductible / co-insurance option	Deductible and co-insurance always apply. A rider can be added to manage the co-insurance amount payable.	Some plans offer options with lower or $0 deductible and 0% co-insurance
Cost	Generally lower	Generally higher

Here’s What We Recommend

Insurance is often purchased one piece at a time, which can sometimes leave gaps in your overall protection. Our recommended bundle takes a more holistic approach by addressing three key areas of financial risk together.

To keep things simple and cost-efficient, we recommend structuring your core protection across two complementary policies:

Policy 1: Term Life Insurance + Early Critical Illness Rider

• S$1,000,000 Death, Terminal Illness, and Total Permanent Disability cover and,
• S$300,000 Early Critical Illness rider.

Policy 2: Comprehensive Private Hospital Coverage

• An Integrated Shield Plan for private hospital coverage in Singapore, or
• An International Health Plan, depending on your healthcare needs and relocation plans.

Do bear in mind that this recommended coverage amount is a starting point, not a ceiling. Depending on your income, dependents, existing coverage and personal circumstances, you may require higher coverage or additional protection, such as income protection for non-critical illness or injury.

👉 Click here to schedule an appointment with our team and let us assess your needs and help right-size your coverage based on your circumstances.

A Look at How Much the Recommended Bundle May Cost

Here is an illustration of the annual premiums for our recommended bundle:

Coverage For	Profile	Year 1 Premiums (After Rebate)
S$1 million Death, Terminal Illness, Total and Permanent Disability, S$300,000 Early Critical Illness (Additional Cover) Private Hospital	Age 30 - Male	S$1,954.75
	Age 30 - Female	S$2,040.85
	Age 40 - Male	S$3,275.28
	Age 40 - Female	S$3,324.45

Premiums generated on 9 September 2026 for a non-smoker profile based on an Age Next Birthday (ANB) profile forfor coverage up to age 65. Annual premiums reflect FSM’s commission rebate for a Diamond tier client and are For for illustration purposes only. Actual premiums may vary depending on factors such as age, gender, smoking status, coverage amount, and the plan selected.

📢 Claim Your *Free Oura Ring 4

We’re making it easier for you to review your protection needs with a little extra motivation to prioritise your health and wellbeing.

For a limited time, purchase our recommended insurance bundle and receive a *free Oura Ring 4 in Silver.

Simply secure:

• S$1 million death, terminal illness, and total and permanent disability cover,
• S$300,000 early critical illness cover, and
• Private hospital coverage

and receive a *free Oura Ring 4 in Silver! Don't miss out, this campaign will end on 9 November 2026.

*Terms and Conditions apply.

Ready to Review Your Protection?

Whether you’re new to Singapore or have been here for years, we can help you review your insurance needs and explore solutions that fit your financial goals.

Click the button below to speak to our team to find out if the recommended bundle is right for you and how you can qualify for the *free Oura Ring 4.

Yes, I'm Interested!

Alternatively, drop by our booth at the FSM Global Invest Exchange on 17 October 2026 to meet our team and find out more.

⭐Register for this free event here.

*Terms and Conditions

1.      This Oura Ring Campaign (the “Campaign”) is only valid from 16 September 2026 to 9 November 2026, both dates inclusive (the “Campaign Period”).

2.      To be eligible for the Campaign, you must successfully purchase an eligible recommended bundle during the Campaign Period. Only policies with premiums payable annually are eligible for the Campaign. Policies with monthly premium payment frequencies are strictly excluded from the Campaign and will not qualify for the Reward.

3.      You will receive one (1) Oura Ring 4, Silver (the “Reward”) when you successfully purchase an eligible bundle and all policies forming part of the eligible bundle have been successfully issued and incepted.

4.      For the avoidance of doubt, your application must be successfully submitted by 9 November 2026 and all policies forming part of the eligible bundle must be successfully incepted by 4 December 2026 to qualify for the Reward. There will be strictly no extensions of these deadlines.

5.      Eligibility for the Reward is subject to the relevant policies being successfully issued and remaining in force. If an eligible policy is withdrawn, cancelled, terminated or otherwise ceases to be in force during the applicable free-look period, FSM Global reserves the right to withdraw the client's eligibility for the Reward or, where the Reward has already been collected, require the Reward to be returned.

6.      A FSM Global Representative will contact eligible clients by 31 December 2026 to facilitate the redemption of the Reward. Clients may be required to visit FSM Global’s office to verify their eligibility and collect the Reward.

7.      Clients are responsible for responding to FSM Global Representatives and completing the redemption arrangements within the stipulated timeframe. FSM Global will make up to three (3) reasonable attempts to contact an eligible client using the contact details provided to FSM Global. If the client does not respond after three (3) outreach attempts, the client will be deemed to have forfeited the Reward and will no longer be eligible for redemption.

8.      Each eligible bundle purchase is entitled to only one (1) Reward, subject to the terms and conditions of this Campaign.

9.      The Reward is subject to availability and is not exchangeable for cash, credit or any other item. Oura Ring size and availability are subject to stock availability. FSM Global does not guarantee the availability of any particular size.

10.   FSM Global reserves the right to replace the Reward with another item of similar value, at its sole discretion, without prior notification. FSM Global reserves the right to dispose of any Reward that remains uncollected 2 months after notification, and the client will have no further claim to the Reward.

11.   FSM Global reserves the right to determine the eligibility of any client and has the final decision on all matters relating to this Campaign. Any appeals or disputes relating to the Campaign or the Reward will not be entertained.

12.   FSM Global reserves the right to amend, suspend or terminate the Campaign at its sole discretion without prior notice.

13.   FSM Global reserves the right to amend the Terms and Conditions without prior notification. Any appeals will not be entertained.

14.   FSM Global shall not be liable for any defects in the Reward and any loss, injury, damage or harm (including but not limited to direct, indirect or consequential loss) suffered or incurred by any client in connection with the acceptance or use of the Reward.

15.   In the event of any inconsistency between these Terms and Conditions and any other promotional or marketing materials relating to the Campaign, these Terms and Conditions shall prevail.

Disclaimer:

All materials and content found in this article are strictly for information purposes only and should not be considered as an offer or solicitation to transact in any product. This article is not a contract of insurance.

Insurance products are underwritten by the respective insurance partners and distributed by iFAST Financial Pte Ltd (“iFAST”). You are advised to review the specific terms, conditions and exclusions in the relevant policy contract.

You are advised to read the key product documents, including (but not limited to) the product summary, before deciding whether the product is suitable for you. You should consider carefully if the products you are purchasing are suitable for your financial objectives, experience, risk tolerance and other personal circumstances. If you are uncertain about the suitability of a product, please seek advice from a financial adviser before making a decision to purchase the product.

While iFAST and its third-party providers strive to provide accurate and timely information, there may be inadvertent omissions, inaccuracies, and typographical errors. Opinions expressed herein are subjected to change without notice.

Purchasing a life insurance policy is a long-term commitment, and early termination may involve significant costs. The surrender value, if any, may be zero or less than the total premiums paid.

Images shown are for illustration purposes only.

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