Are my auto, life, and medical insurance premiums tax deductible in Singapore?
Auto insurance premiums are not tax deductible. Medical premiums paid by yourself are not tax deductible. Group medical insurance premiums are tax deductible only when paid by the employer as a benefit of employment from the Year of Assessment 2008 onwards. Life insurance premiums for you and your wife, whether paid by you or your employer, are tax deductible only if your CPF contributions are less than S$5,000 for the assessment year.
