Singlife's Grow

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You can now invest & be insured directly from your mobile!

Written by Singlife | 24 Nov 2020 |

We’re continuing our promise of giving you a connected financial experience. Today, you can invest on the Singlife app thanks to Grow. We’ve teamed up with one of the leading asset managers in the world, Aberdeen Standard Investments, to bring you Grow, our new Investment-Linked Policy (ILP).

Quick start

Start from a low initial premium of S$1,000. Make hassle-free payment via your Singlife Account.

 

Managed by experts

Too busy? Don’t worry. Your portfolios will be managed by a team of professionals from Aberdeen Standard Investments.

 

No lock-in period

Make a withdrawal anytime without charges.

 

Simplified charges

ILPs are known to have many types of charges. Grow only has a management charge of 0.25% of your account value every quarter. No sales charge, transaction fee, withdrawal fee or any other charges.

 

Be insured at the same time

Get insurance protection as you invest. With Grow, your death benefit will be the higher of:

  • 101% of net premiums; or
  • your account value
 

Frequently asked questions

1. Who can qualify for Grow?
All Singlife Account customers who are 75 years old or below & and are assessed to have the knowledge or experience after undergoing the Customer Knowledge Assessment (CKA) can qualify.

2. What is CKA?
It is a mandatory declaration so we can ascertain if you have the relevant knowledge or experience to understand the risks and features of an unlisted Specified Investment Products (SIPs), such as Grow – an investment-linked plan (ILP). You can apply for this plan if you satisfy the CKA.

3. What is the Singlife’s Model Portfolio?
Currently, we offer 3 discretionary managed model portfolios under the plan, i.e. Conservative, Balanced, and Dynamic Portfolio (the “Portfolios”), for customers with different risk profiles. You will invest into one single portfolio for each policy.


This policy 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 us 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