Best Term Life Insurance in Hong Kong in 2025
Recommendations by licensed insurance experts.
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Best insurers for term life insurance
Looking for the best term life insurance? Let us get it right for you.
Our experts at Alea recommend these 5 insurers for you*:
| Insurer | Insurance plan | Price range |
|---|---|---|
| Chubb Insurance | MULTI-SELECT TERM | $$$ |
| Generali | SUPREME GOLD PLAN | $$$ |
| Liberty Insurance | PROLIFE SERIES | $$$ |
| The Pacific Life Assurance Co., Ltd. | ALWAYS TERM | $$$ |
| Transamerica Life | TRENDSETTER | $$$ |
*In alphabetical order. This list is compiled based on our research and doesn’t aim to be exhaustive.
Life insurance is no easy choice to make. If you prefer relatively short-term protection, for example if you are dealing with mortgages and loans and want to do the best to ensure they won't affect your family if something unfortunate ever happens to you before you pay your liabilities off, term plan may be what you are looking for.
A term plan, or pure life insurance, is straightforward – you pay a lower premium for a higher amount of coverage in case you pass away within the term (usually 10-30 years), then the cover expires, unlike a whole life plan. No cash values, no savings element, period.
Our experts at Alea know all insurance products by heart and are here to recommend some top insurers for term life insurance with the best costs, coverage, customer experience, claim process and additional features.
Let us take this burden off your shoulders so you can save time and money.
You may also want to check out our recommendations of whole life plans here.
Chubb has earned excellent reputation with their affordable and easy options for term life protection. What's even better, it comes with guaranteed renewals.
- Competitve pricing
- Easy application process
- Good customer service
- Requires original signed forms
- Extensive financial needs analysis required
Generali's life insurance policies are trusted for their good returns and competitive covers.
- Competitive pricing
- Guaranteed insurability after life events
- Requires original signed forms
- Extensive financial needs analysis required
We have picked Liberty Insurance's proLife Series term protection as one of the most flexible and affordable term life products.
- Free terminal illness protection
- 50% prepayment upon terminal illness
- Easy application
- Requires original signed forms
- Extensive financial needs analysis required
Pacific Life has quite some great term life options in stock for you who prioritize the costs, especially if you start with them when young.
- Affordable
- Free accidental dismemberment benefit
- 50% advance benefit upon critical terminal illness diagnosis
- Strict underwriting
- Requires original signed forms
- Extensive financial needs analysis required
As one of our top-seller of term life insurance, this distinguished life insurer has received notable recognition for their exceptional customer care.
- Trusted brand
- Expert in term life insurance
- Excellent servicing
- Requires original signed forms
- Extensive financial needs analysis required
How do we select these insurers?
We have closely worked with our 25+ insurance partners for many years and we know their products inside out. As an independent insurance broker, we choose to work with insurers with an excellent track record and sell only products that we believe in, tried and tested. The above recommendations are made by our board of licensed insurance advisors based on criteria including the costs, coverage, customer experience, claim process and additional features of each insurer. In short, we are not paid to make these recommendations.
The bottom line
Let’s be frank, there is no “best” insurer or “one-size-fits-all” insurance plan. Every product has its own strengths & weaknesses and it is important that you have them in mind before signing a policy, which certainly takes a lot of browsing, reading and comparing. But with Alea, rest assured that you will get peace of mind as we simplify everything for you.
We tailor each recommendation to suit your specific needs and budget and provide unbiased advice on a case-by-case basis so you can find the best fit for your situation. Even better, our advisory service comes free of charge – since we are remunerated via a commission on the insurance premium you pay directly to the insurance provider!
Get in touch with an advisor today for a detailed comparison of your insurance options!
What makes us different
We bring you more, at no extra cost
 Traditional Broker Traditional Agent | |||
|---|---|---|---|
| Choice of 25+ insurers at the best price | |||
| Choice of 25+ insurers at the best price |  | |  |
| Extensive audit of your current insurance | |||
| Extensive audit of your current insurance | | | |
| Unbiased advice | |||
| Unbiased advice | | | |
| Dedicated customer care all year long | |||
| Dedicated customer care all year long | | | |
| Health & wellness perks | |||
| Health & wellness perks | | | |
Do I need term life insurance?
Your insurance needs always depend on your life planning. As you enter different stages of life, a life insurance policy secures your family from future uncertainties by providing financial stability in case any misfortune happens, especially if you are the breadwinner of the family. The reimbursed amount can be spent on funeral costs, liability repays, education funds, living expenses or in any way your dependents desire.
The best time to get life insurance? When you are young and healthy, free from any pre-existing conditions that may be excluded by insurers.
Which term life insurance is best in Hong Kong?
Our picks of insurers for medical insurance are:
- Chubb
- Generali
- Liberty Insurance
- Pacific Life
- Transamerica Life
How much is term life insurance in Hong Kong?
You will be required to fill in an underwriting questionnaire and sometimes undergo a body checkup (if your coverage exceeds a certain amount, i.e. US$500,000). Your premiums will be determined base on your:
- age;
- gender;
- health;
- smoking habits;
- lifestyle;
- family medical history;
- coverage needed.
The best way to find out the cost of a life insurance policy is to get a free quote from your insurance broker. This will help you compare coverage and premiums to make the best choice.
