AXA Singapore has launched AXA Life Treasure and AXA Retire Treasure, two customisable insurance plans for different life stages.

According to a statement by the insurer, AXA Life Treasure is a whole life insurance plan designed to provide comprehensive coverage for death, terminal illness, and total and permanent disability, with a wide range of optional riders for enhanced coverage on critical illness.

Meanwhile, AXA Retire Treasure is a flexible endowment plan that provides a steady stream of guaranteed annual income to supplement retirement income or lifestyle needs up to age 120. Singapore’s population is living longer, making it more likely for individuals to spend more years of their lives in retirement.

Both products have flexible payment terms, where policyholders can pay their premiums for up to 30 years. Optional riders are available for both, to increase protection.

“We have introduced AXA Life Treasure and AXA Retire Treasure to give our customers the flexibility to tailor their insurance plans to suit their needs and budget as we recognise that there’s no one-size-fits-all solution,” said Sean Goh, managing director of life insurance at AXA Singapore.

“We want to empower them to live better lives by taking control of their protection needs, so they can achieve their financial goals and ensure long-term financial security for themselves and their loved ones at every stage of their lives.”