DPI are simple insurance products that an individual can purchase directly from the life insurance company. Types of DPI are Term Life and Whole Life insurance with total and permanent disability (TPD) cover and an option to include critical illness (CI) rider.


There is a maximum sum assured limit of S$400,000 with S200,000 sub-limit of Whole Life policy with each insurer respectively. The premium term options are limited to 5-year renewable, 20 years and up to age 65 for Term Life; up to age 75 or age 85 for Whole Life.


DPI cost less than comparable life insurance products as no commission is charged. There will be no financial advice and service provided by any Financial Adviser, including InsureDIY, for DPI.


For more information and comparison of DPI available in Singapore, you may visit CompareFirst.