1) Whole-life insurance
Whole-life insurance provides protection coverage for the entire life of the insured with cash value & premiums are normally payable throughout your life or predetermined advance age. In the event of death or become totally & permanently disabled, the policy will pay out the sum insured and any bonuses accumulated (if any).

2) Term insurance
With term insurance, you get protection for a set period. It pays the sum insured only when death occurs or become totally and permanently disabled (if this benefit is provided) during this period.

3) Endowment
Endowment policy provides insurance protection with a savings plan and has a fixed maturity date. In the event of death or become totally & permanently disabled while the policy is still enforced, the policy will pay out the sum insured and any bonuses accumulated (if any).  Upon maturity, the policy will pay out the sum insured and any bonuses accumulated (if any).  

4) Health insurance

1 MEDICAL EXPENSE
Basic medical expense insurance, commonly known as hospital and surgical insurance or hospital income plan, provides benefits for certain medical costs that result from accidents and sicknesses.

Hospital and surgical insurance will refund the in-patient expenses you have to pay while in hospital as well as certain out-patient expenses, depending on the limits shown in the policy. A hospital income plan will pay a fixed daily amount of benefit based on the number of days you are an in-patient. This will depend on the limits shown in the policy. Major medical insurance covers the expenses arising from a longer period than the limits in basic hospital and surgical insurance.

2 DISABILITY INCOME
This is an income-protection product as it helps to replace part of your income if you become totally or partially disabled and cannot work as a result of an accident or sickness, depending on certain conditions.

3 LONG-TERM CARE
Long-term care is designed to meet some or all of the costs of daily living to a person who, as a result of accident or sickness, is physically disabled to the extent that they cannot live alone.

Instead they have to depend on others to help them carry out the most basic activities of daily living such as bathing, moving around in their home, feeding and so on.

4 CRITICAL ILLNESSES
Critical illness Insurance will pay out a lump sum payment when the insured is diagnosed with  a major illness or death occurred due to critical illness.  Some of the 30 critical illnesses that are covered include heart attack, stroke, coronary artery bypass, most cancers, kidney failure, fulminant hepatitis, major organ (heart, lung and kidney) transplants, paralysis and multiple sclerosis etc.

5) Life annuity
A life annuity provides a regular monthly income to you for lifetime. You can invest the CPF minimum sum with an approved life-insurance company to provide a monthly income for the rest of your life.

6) Investment-linked insurance
Your premiums buy life-insurance protection and investment units in a managed fund. Like a unit trust, your money is pooled with that of other investors and invested in short- and long-term investments.

The price of your units depends on how the investments in the fund perform. What it pays depends on the price of the units at the time you cash it in or die. You may also get a death benefit.