Singapore's value-focused local insurer: a mass-market renewable term capped below S$500k, a high-cover Solitaire renewable to age 100 (currently with a perpetual 35% discount), and a cheap reducing mortgage term — but no conversion privilege anywhere on the shelf. Research based on public materials accessed 2026-07-19.
Income's advised term shelf splits by sum assured: Star Term Protect handles cover up to S$499,999, and TermLife Solitaire takes over from S$500,000 (up to S$20 million) — an unusually explicit hand-off between a mass-market and a high-cover plan.
Star Term Protect is effectively the renamed iTerm (Income's own contract code lineage shows TAN14 → TAN19 at the Sep 2022 corporatisation): renewable in 5-year blocks to age 84, with death, terminal illness AND TPD (before 70) on the base plan.
TermLife Solitaire is one of the few Singapore term plans guaranteed renewable to age 100, and in a verified Jan 2026 comparison was near-cheapest for pure S$1m death + TPD cover — but among the most expensive once critical-illness riders were added.
The whole shelf shares one structural gap: no conversion privilege to whole-life or endowment plans without underwriting — the feature AIA and Prudential lead with. Income competes on price, renewability and its post-Allianz-saga social-mission brand instead.
Selling now
On sale now
Star Term Protect
Adviser-sold (also quotable online) · Mass-market protection up to S$499,999 with TPD built into the base plan
Covers death, terminal illness (life expectancy ≤ 12 months) and TPD before age 70 on the basic policy — TPD is not a separate rider here
Terms of 5–35 years (multiples of 5) or to age 54 / 64 / 74; guaranteed renewal in 5-year blocks up to age 84 if no claim and the insured is under 80 at renewal
Entry age 0–79 (policyholder minimum 16); premiums guaranteed within each chosen term; non-participating, no cash value
Minimum cover scales down to roughly S$10/month of premium — one of the lowest entry points on the advised market
Successor to Income's long-running iTerm — the contract lineage (TAN14 → TAN19, Sep 2022) carries the same renewable chassis
Build your cover — toggle riders on and off
On sale now
TermLife Solitaire
Adviser-sold · High cover (S$500k–S$20m) with the rare option of guaranteed renewal to age 100
Promotion
Current: 35% perpetual premium discount on the base plan (applies to renewals too) for applications 1 Jul–30 Sep 2026 issued by 30 Nov 2026, riders excluded — plus 55,000 STAR$ (S$55 eCapitaVoucher) for annual premiums of S$500+. Verify the live terms with an adviser before relying on them.
Sum assured from S$500,000 to S$20,000,000 (S$10k multiples) — Income's high-net-worth term tier
Terms of 10/15/20/25 years or to age 64 / 74 / 84 / 100, guaranteed renewable at the same term length — coverage can run to age 100, which few Singapore term plans offer
Base plan covers death and terminal illness; entry age 18–74; non-participating, no cash value
Verified Jan 2026 third-party panel: S$1m death + TPD to 65 at about S$580/yr (male 30 non-smoker) with the perpetual discount — second-cheapest of seven insurers for pure protection
Build your cover — toggle riders on and off
On sale now
Mortgage Term
Adviser-sold · Cheap decreasing cover that mirrors an amortising home loan
Sum assured reduces yearly in line with a chosen loan interest assumption of 1%–7%, mirroring your mortgage's amortisation
Premiums are payable only until 2 years before the end of the term — you stop paying while cover continues
Covers death, terminal illness and TPD (before age 70); entry age 18–64, cover to age 84 maximum
Minimum sum assured S$50,000 (premiums from about S$5/month) — priced for HDB and private mortgages alike
Build your cover — toggle riders on and off
Benefits side by side
Star Term Protect
TermLife Solitaire
Mortgage Term
Base coverage
Death, terminal illness, TPD (before 70)
Death, terminal illness (TPD via rider)
Death, terminal illness, TPD (before 70)
Sum assured
Up to S$499,999
S$500,000 – S$20,000,000
From S$50,000 (reducing)
Policy term
5–35 yrs or to age 54/64/74
10/15/20/25 yrs or to age 64/74/84/100
5–35 years
Renewability
Guaranteed, 5-year blocks to age 84
Guaranteed, same term, to age 100
Not renewable (fixed reducing term)
Premium
Guaranteed within each term; renewal re-rates
Guaranteed within each term; renewal re-rates (35% perpetual discount promo)
Level, payable until 2 years before term end
Conversion
None
None
None
Critical illness
Essential Protect / Total Protect riders
Essential Protect / Total Protect riders
Essential Protect rider
Best for
Starter and mid-level cover with TPD built in
S$1m+ cover, longest renewability, HNW
Matching an amortising mortgage cheaply
Product timeline
2026 — TermLife Solitaire runs a 35% perpetual-discount campaign (applications 1 Jul–30 Sep 2026); S&P affirms Income at AA-.
Underwriting posture
Income does not publish a non-medical limits grid — the sum assured, age and disclosures determine whether you get a declaration-only pathway or a medical exam, and exact thresholds are unspecified publicly.
History matters more than brand: since 2009 Income has offered preferred non-smoker rates at S$1m+ sums assured, so large clean-life cases can price better than the standard table suggests — ask the adviser to check preferred-rate eligibility on Solitaire-size cover.
TPD cover is subject to an aggregate cap across all insurers (about S$6.5m per life industry-wide) — high-cover buyers stacking Solitaire on existing group cover should have the adviser check remaining TPD room.
The LIA's underwriting guide applies here as everywhere: well-controlled conditions may pass with lighter friction; poorly controlled ones can load or exclude. Have the underwriting conversation before fixating on the discounted premium.
Because no Income term plan has a conversion privilege, buyers with deteriorating health cannot later swap into a whole-life plan without underwriting — the renewal guarantee is the only insurability protection. Factor that into the buy decision, not just the price.
Claims & servicing
Income's published service standard acknowledges claims within 2 business days of submission; submission is via adviser, online form or branch.
Death claims pay the sum assured less amounts owing; terminal illness accelerates the death benefit on a diagnosis of life expectancy within 12 months.
TPD (where covered) applies before age 70: under 65 it means total physical loss or inability to do any paid work; from 65 to 69 the definition tightens to total physical loss or severe disability.
Community review themes are mixed on speed: some report claims paid within two weeks, others closer to a month, with service slowdowns at peak periods — directionally consistent with a mass-market insurer's volumes; treat as sentiment, not contract fact.
Financial strength backing claims: S&P affirmed Income Insurance at AA- — among the strongest ratings held by a Singapore-based insurer.
Which plan fits which buyer
Needs S$1m+ of pure death/terminal-illness cover at the lowest cost
TermLife Solitaire
Near-cheapest of seven insurers in a verified Jan 2026 panel with the perpetual 35% discount, and renewable to age 100 — rare in Singapore
Starter or mid-level cover under S$500k, wants TPD included without rider shopping
Star Term Protect
TPD (before 70) is on the base plan, entry from ~S$10/month, renewable to 84
Mortgage holder who wants the loan — not a round number — covered
Mortgage Term
Sum assured tracks an amortising loan at your chosen rate, and premiums stop 2 years before the term ends
Wants death + critical illness bundled in one term package
Compare carefully before choosing Income
The same Jan 2026 panel that ranked Solitaire near-cheapest for pure cover ranked Income most expensive of seven once a S$300k CI rider was added
NSman or union member with existing group cover
Net off group cover first
MINDEF/MHA group term (a Singlife scheme) and Income's own LUV union plan already provide cheap base cover — size any Income term purchase on the residual gap
Review & complaint signals
Price strength (pure protection)
Verified Jan 2026 comparison: TermLife Solitaire S$1m death+TPD at ~S$580/yr (male 30 non-smoker) — second-cheapest of seven insurers, with the 35% perpetual discount doing real work.
CI-rider weakness
The identical panel with a S$300k CI rider attached made Income the most expensive of the seven — the discount applies to the base plan only, and the rider pricing shows it.
Brand & trust
The blocked 2024 Allianz acquisition (Government intervention over Income's social mission) reinforced the affordable-insurance brand narrative; S&P AA- backs the balance sheet. Post-saga goodwill is real but says nothing about any specific product's value.
Service (mixed)
Seedly/Google themes: efficient digital quotes and generally smooth claims, but reports of slower servicing at peak periods and adviser-dependent experience. Small samples — treat as sentiment.
Past & legacy plans
No longer on Income Insurance’s current term page. If you hold one, it still runs on its original contract — tap a card for what’s publicly known.
Income publishes online quotes for its term plans, and third-party panels occasionally capture verified snapshots (the Jan 2026 figures cited here are from one such panel, age-30 non-smoker, S$1m, with the perpetual discount applied). But renewal re-rating, rider pricing and underwriting outcomes move the real cost materially — and the 35% Solitaire discount is a campaign with an application window. Treat every public figure as directional and have an adviser pull a live Income quote for your exact age, sex, smoker status, sum assured and rider mix.
Get Income Insurance term premiums priced properly
An adviser can help you:
Pull a live Income Insurance policy illustration for your exact age, smoker status and health profile
Apply any live first-year campaign discounts, and decide honestly whether you need riders at all
Stress-test exclusions and disclosure requirements before you sign, not at claim time
This research is for education and comparison only, compiled from public Income Insurance, compareFIRST, MoneySense and related materials accessed 2026-07-19. Items marked “unspecified publicly” are not published and must be confirmed against the current policy contract or a fresh policy illustration. Promotions change — verify live campaign terms before relying on them. This page does not rank products or recommend a purchase — confirm with Income Insuranceor a licensed financial adviser before any decision.