term life insurance

Term Life Insurance

Underwritten by Singapore Life Ltd.

singlife-aviva logo

Keep life’s unexpected financial woes from ballooning with Bubblegum Term Life Insurance.

Affordable and comprehensive, you get peace of mind wrapped in a bubble of coverage for death, terminal illness, and total and permanent disability.

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What is Term Life Insurance?

Bubblegum Term Life Insurance offers protection for a fixed policy term.
It is perfect if you only require coverage for a specific period. For example, you may want coverage till your mortgage expenses are fully paid off.
Get a term life insurance quote online in Singapore with Bubblegum now – our process is quick, hassle-free, and fully digital.
You can also explore our Payout Calculator to understand the optimal payout required to surround your loved ones in a bubble of protection.
This is a Group Term Life Policy. The Master Policy Owner is MoneySmart Financial Pte Ltd.

You’ll be covered for

terminal illness
Terminal Illiness
Total & Permanent Disability

Not included

pre existing conditions
Pre-exisiting conditions

How much coverage do I need?

If you are not sure how much you need to protect your family, use our simple calculator to get an idea of what is needed
Calculate the Optimal Payout Amount

What will my monthly premium cost?

Find out the cost of your monthly premium and discover how it changes over time
View Pricing Table

Is it worth getting Term Life Insurance?

Long answer short: Yes, term life insurance is more than worth it. Find out if Bubblegum Term Life is suitable to your needs.

For one, it’s a policy that isn’t just for you.

It’s a bubble of protection that secures your family’s financial future should you unexpectedly leave them.

term life illustration

In such a situation, your family will receive an amount to cover:

living cost
Everyday living costs
child education
Child’s education
Mortgage expenses
medical emergencies
Medical emergencies and more

Aside from death benefit, it also includes coverage for:

terminal illness
Terminal illness
Total permanent disability

Term Life VS Whole Life Insurance

Wondering whether Term Life or Whole Life insurance would be more suitable for you? Fret not! We’ve summarised the differences for you below:
Term Life Insurance
Whole Life Insurance
Offers financial protection
Offers financial protection and a savings component that accrues cash value
Payout Upon Early Surrender of Policy
You can get a payout of the policy’s cash value
Premium Payout Term
Throughout the insurance coverage term
Premium payments can be made in advance, e.g. as a lump sum at the start or only during your working years
Cost of Premiums
Lower, more affordable premiums
Higher premiums
Duration of Coverage
A specific period of time, e.g. ten years or up to a specific age
Up to age 99 or the end of life
Death, terminal illness, total and permanent disability
Death, terminal illness, total and permanent disability

How Term Life Insurance Protects Your Family

  • Everyday living costs
    Term life insurance sets aside a sum of money for your beneficiaries in the event of your death. With those funds, your family will not have to worry about lacking the finances for their everyday living costs as the money provided will be able to tide them over for a period of time.
  • Mortgage expenses
    With term life insurance, your beneficiaries can use the payment for all expenses including your mortgage payments.
  • Child’s education
    It’s never too early to start preparing for your child’s education. Bubblegum’s term life insurance policy can greatly supplement your savings. This policy’s death benefit and the optional disability riders can help secure your family’s future, including your child’s university education.
  • Medical emergencies and more
    Term life insurance covers death & critical illness and pays out benefits in the event of death or on the diagnosis of a terminal illness.
  • Terminal illness
    In the case of terminal illness, beneficiaries will receive the death benefit should the insured pass away during the coverage of the term life insurance plan.
  • Total permanent disability
    A term life insurance policy protects you and your family in cases where you develop a physical disability in the event of an accident. However, do note that this disability has to be of a permanent and total nature in order to receive the payout.  
  • Death benefit
    Term life insurance will pay out a sum of money to dependents only upon the insured’s death or total and permanent disability within a fixed timeframe.

This is what our customers are saying

full starfull starfull starfull starfull star

Really affordable and accessible term life insurance, plus it’s super flexible that I can cancel anytime and pay on a monthly basis!

full starfull starfull starfull starfull star

Loved the simple to use app and I am surprised at how fast and easy I could purchase an insurance policy. Look forward to purchasing more when more plans are available on the app.

full starfull starfull starfull starfull star

App is well designed, cute, and easy to navigate! Purchasing the policy was a breeze, and I love how fast it is from start to finish. Policies are also very reasonably priced. For someone in their early 20s who doesn't know much about insurance, the story guides available on the app are super helpful. Looking forward to purchasing the other policies I need from Bubblegum!

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Frequently Asked Questions


How will my insurance payout be made for my Bubblegum Term Life policy when I pass away?

 In the event of a Death Claim, the law provides for Singlife to pay to the immediate next-of-kin (NOK) or proper claimant up to S$150,000. The payout of the balance of the insurance compensation has to be decided by a Court.

If the deceased had written a Will before his/her death, the family has to engage a lawyer to apply to the Court for a Probate, which may take up to 6 months.

If the deceased did not have a Will before his/her death, he/she would be considered to have died intestate. In such an event the family also has to engage a lawyer to apply to the Court for a Letter of Administration, which may take up to 3 years to resolve.

Can I make a nomination of beneficiaries for my Bubblegum Term Life policy?

The Nomination of Beneficiaries framework is not applicable for Bubblegum Term Life which is a group insurance scheme.

Are your term insurance rates fixed or flexible? What is the renewable period?

Premium increases accordingly for the different age bands upon subsequent renewals. For your ease of reference, please refer to the premium table here: https://www.bubblegum.co/insurance/term-life-premium-table.

How do I know that my Bubblegum Term Life Insurance policy is protected under this scheme?

You can refer to your policy documents to ensure that your policy is covered under this scheme. You would be able to find the following paragraph towards the end of your documents:

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

What kind of protection do I have under the Policy Owners’ Protection (PPF) Scheme?

As long as you have bought your life insurance policy underwritten by an MAS-licensed insurer who is also a PPF Scheme member, you can be assured of protection of up to $500,000 sum assured or $100,000 surrender value on all your whole life, term, and endowment policies. This is aggregated on a per life assured per insurer basis. Bubblegum Term Life Insurance is protected under the Policy Owners’ Protection (PPF) scheme.

What will happen to my Bubblegum Term Life Insurance policy if the insurer goes bankrupt?

As long as you have bought your life insurance policy underwritten by an MAS-licensed insurer, the insurer has stringent capital requirements to comply with and adhere to. It requires an insurer to have financial resources at least equal to or more than the total of their underwriting and investment risks. However, should an insurer still go bankrupt or collapse despite these regulations, there is still protection found under the Policy Owners’ Protection (PPF) Scheme.

Does the policyholder receive 100% of the Sum Assured when the Insured Person is Totally and Permanently Disabled?

If an Insured Member is certified by a Registered Medical Practitioner to be Totally and Permanently Disabled, 100% of the Sum Assured will be paid out in a lump sum. With regards to other group term life insurance products, the sum assured payable in respect of a valid claim could be in annual instalments

Can I still buy new Bubblegum Term Life Insurance coverage if I have previously made a claim under this policy?

An Insured Member who has previously made a claim under the Policy and received part or full payment of the Sum Assured will not be eligible to buy new coverage under the Policy. Any such coverage bought will be deemed void and the Insurer will not be liable to pay any claim under such coverage.

What is the relationship between Bubblegum and Singlife?

Bubblegum is mobile app built and owned by MoneySmart Financial Pte. Ltd. and acts as a distributor for Singlife, who underwrites this product. Bubblegum will receive commissions when a cover is purchased and issued.

Where is Bubblegum’s term life offering available?

At the moment, this product is only available in Singapore.

Where can I find more coverage details?

You will see a summary of your coverage on the main page. After payment, your policy will be instantly activated, and you can view your policy details in the Bubblegum app.

What’s the difference between term life and whole life insurance?

Term life insurance is the cheapest way to protect your loved ones from financial hardship in case you pass. Term life policies can cover you until you're 70 years old, while whole life insurance covers you for your entire life. Whole life policies build cash value, so they tend to be more pricey.

What incidents are not covered under a term life policy?

Term life doesn’t cover death from suicide in the first 12 months of your policy.
Also, we won't cover the claim if any inaccurate or false information was provided when signing up for life insurance.
Rest assured that the sign-up process is simple, clear, and easy, to avoid any confusion.

Is my information kept confidential?

We’re obsessed with our customers’ privacy (see our Privacy Policy). We’ll never sell your information to any third party. Note that, in order to provide our service, we may need to transfer information to our partners and providers, solely for the purposes of regulatory and financial audits; running our service and resolving an incident; or obtaining a term life policy and settling claim benefits.

Will my price change over the years?

Yes, your premium will change over the years due to several industry factors. Don’t worry, we’ll let you know beforehand.

How much does life insurance cost at Bubblegum?

Policies start at less than $3.25/mo, though your customized premium depends on several factors, including how much coverage you get, for how long, as well as your age, gender, and health background.

Can I cancel at any time?

You sure can! There is never any charge for voluntarily canceling your policy. We even offer a 14-day free look period, so you'll get a full refund of your first month's premium if you cancel within the first 14 days. To cancel your policy, you can simply do it on the app.

What happens when the policy term ends?

Your policy will simply expire. If you’d like to get another policy after it expires, you’re welcome to reapply.

Why isn’t a medical exam required?

One of the things that truly motivates us is using technology to make our customers’ lives better and more enjoyable. We believe that (digitally) asking you about your lifestyle and health provides a sufficient picture of your medical profile to determine if you’re a good fit for the coverage we offer. Do note that it’s extremely important to answer these questions honestly to avoid invalidating your policy.

What kind of life insurance does Bubblegum offer?

Bubblegum offers term life insurance. You can apply for a policy that is renewable yearly and lasts until you are 70 years old, with up to $1 million of coverage to help protect your family in the event that you pass.

My application was declined. Why?

Sadly, there are factors that affect the approval of your application. Typically they are related to your health background and/or lifestyle.

Who can apply for coverage?

Anyone between 18 and 50 years old can apply. However, it’s important to note that our term life policy is generally designed for individuals without any history of heart disease, cancer, other life-threatening conditions, or a habit of engaging in high-risk activities, including drug or alcohol abuse, or participating in dangerous sports.

What makes term life insurance at Bubblegum different?

At Bubblegum, we make the application simpler and easier to grasp. Unlike other term life policies, you won’t need to see an agent or doctor before getting your quote. The process is 100% digital, and takes minutes to apply.

Do I have to live in Singapore to be covered by this policy?

Yes, you must be a resident in Singapore and hold a valid citizenship, PR, or long term worker pass

How do I get term life insurance with Bubblegum?

Getting term life insurance is pretty quick and easy. You can do everything online and get your application results in minutes. The best part? There’s no medical examination needed. We just need you to answer some basic questions about your health, and we’ll do the rest.

In the event that something happens to you, we’ll also help you and your beneficiaries with all of the information they would need.

What is Bubblegum Group Term Life Insurance?

Bubblegum Term Life Insurance is a Group Term Life insurance policy, owned and distributed by Bubblegum and underwritten by Singlife with Aviva. This Group Term Life insurance provides coverage in the event of Death, Terminal Illness or Total and Permanent Disability for members of Bubblegum.

Our term insurance product is monthly renewable. This means that you can renew your policy monthly, or choose to opt out at any time, as long as you continue to be a Bubblegum member. There is no investment component to this policy.


I would like to purchase insurance for my spouse or family member.

Your spouse or family member would be able to apply for Bubblegum Term Life Insurance through our Bubblegum app. He/she may download the app via https://www.bubblegum.co/ or from the respective mobile app store (Apple Store or Google Play) and purchase his/her own insurance. ​Currently, the Bubblegum app only allows the purchase of the app user's own insurance policy.

How much life insurance do I need?

A general rule of thumb is that 9-10x your salary is needed for life insurance. Of course, this still depends on your life, your budget and your total number of dependents. You can calculate your payout amount here.

I have term life insurance through work. Is that enough?

Any life insurance is surely better than none, but take note that employer-based insurance generally only provides coverage amounting to 1-2 times your salary, which may not be enough for your family’s future financial needs. It is recommended to get an additional term life policy alongside the one you might have through work.

How do I pay for term life?

You can pay using your credit or debit card. We’ll charge you the first month’s premium when you finalise your policy, and continue to automatically charge your card on a monthly basis thereafter.