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Written by Singlife | 27 Jul 2020 |
The Singlife app serves as a one-stop mobile solution to manage your money through the financial product offered — Singlife Account, an insurance savings plan, that allows you to grow your savings with up to 2.5% p.a.^ returns while providing life insurance benefits in case of unfortunate events in life.
Finance apps are aplenty in mobile app stores. Yet, not all of them are easy and intuitive to use. Some may feel clunky and bogged down by features they don’t need.
A good app should not only bring joy in its design, but also make your interaction with the financial products offered on the app easier and delightful.
Taking a leaf out of Singlife’s book, here are 5 essential features we believe a millennial-on-the-move needs, which can be found in the Singlife app:
In the days of old, establishing a business relationship and purchasing a financial product of any kind required the mandatory trek to the financial institution, followed by reams of paperwork — and this is after you finally get assigned to a staff to serve you (possibly after clenching a queue number with your sweaty palms for over an hour).
Time is a precious resource for the busy millennial — especially in this age of “microwave” attention spans that are prone to distraction and frustration at processes that take longer than expected.
Given this, it’s no wonder that Fintechs and their apps today aim to reduce the hassle and lower the friction in the sign-up process. Singlife, one of the leading Insurtechs in the country, definitely seeks to do the same with its easy sign-up process for the Singlife Account on the Singlife app.
To apply for a Singlife Account policy via the Singlife app is seamless and fuss-free. A few minutes is all it takes.
Once the app is downloaded, create your Singlife ID. It’s even faster and convenient if you use MyInfo. Once your Singlife ID is created, you can move on to complete and submit your Singlife Account application. You can also order your complimentary Singlife Visa Debit Card which allows you to spend worldwide with no FX fees.
For a step-by-step look at the download and application process, click here.
Some finance apps these days try to inundate you with a plethora of information, be it charts, indices, rates and projections. These clutter up the screen, may not even be useful or worse, confuse you to the point of helplessness.
For the Singlife app, the first thing you’ll see upon signing up and accessing it is its clean interface. At a glance, it clearly shows you how much you currently have in your Singlife Account policy and how much returns you’ve accrued this month.
As millennials can attest, an intuitive interface is absolutely critical especially when managing the money.
Today, people have an expectation that finance apps show transactions in real-time.
With the Singlife app, you can check your transactions on the go. You can track your returns, spending and transfer money in and out from your Singlife Account almost instantly via FAST.
Whether you are transferring S$500 or S$8,000 to your Singlife Account policy, the app reflects your transaction almost instantaneously. Similarly, you can also make a withdrawal from your Singlife Account policy anytime via the app. Furthermore, you can view a history of your most recent activity time-stamped and dated.
The Singlife app is free! The app connects you to your Singlife Account policy, tracking the activities to give you better control over your money. You can manage your Singlife Account policy with no hidden fees or charges.
A good finance app should give you instant access to various features at a tap or a swipe.
For Singlife app, just a simple swipe brings up the list of features you can access with ease.
̵ Need more information on the Singlife Account plan? Just tap on “Account”.
̵ Misplaced your Singlife Visa Debit Card and want to immediately lock it and request for a replacement? Sure! Tap on “Card Settings”.
̵ Prefer to access the app with Face ID? Sure! Tap on “App Settings”.
̵ Stumped and want to get helpdesk support? Tap on “Get Support”.
̵ Want to share your experience with your family and friends? No problem. Tap “Invite” and share the link.
There are many more you can do with the Singlife app.
So there you have it, five features that a millennial needs, found in the Singlife app.
Find out more about the Singlife Account here.
Singlife is a financial institution that you can trust. Singlife is a direct life insurer licensed by the Monetary Authority of Singapore (MAS). All Singlife’s policies (including the Singlife Account) are protected up to specified limits by the Singapore Deposit Insurance Corporation (SDIC).
^2.5% p.a. returns on first S$10,000 | 1% p.a. on amounts above S$10,000. | There are no returns for amounts above S$100,000. | Crediting rates (returns) are not guaranteed.
The information is meant for your general knowledge and does not regard any specific investment objectives, financial situations or particular needs any person might have and should not be relied upon as the provision of financial advice.
Singlife Account is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Singlife or visit the LIA or SDIC web-sites (www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as at 27 July 2020.