*2% p.a. = 1.0% p.a. base return + 0.5% p.a. bonus return from the Save, Spend, Earn Campaign + 0.5% p.a. bonus return from the Grow Bonus Return Campaign
Base return has been revised to 1% p.a. for the first S$10,000 in your Singlife Account from 1 Jul 2021
We all want a simpler way to live life while our money manages itself, so we built one app that helps you save, spend, invest, earn, be insured, and rewarded!
And how you may ask? There are two ways:
*The Singlife Account is an insurance savings plan. It is neither a bank savings account nor fixed deposit. Each person is only entitled to one Singlife Account policy.
The burger patty is arguably the most important component of a burger and the base of the flavour, much like how the Singlife Account allows you to sink your teeth into a base return of 1% p.a. on the first S$10,000.
Save, Spend, Earn
Upsizing your burger with another burger patty is like participating in the Save, Spend, Earn campaign. Simply spend at least S$500 with the Singlife Card every card spend period to qualify for an extra 0.5% p.a. return on the first S$10,000 in your Singlife Account. The bonus return will be credited into your Singlife Account. Terms apply.
Grow Bonus Return
Top your burger off by signing up for our digital investment-linked policy, Singlife’s Grow. The Grow Bonus Return campaign lets you build a solid money burger by stacking it with more flavourful 0.5% p.a. return on the first S$10,000 in your Singlife Account.The bonus return will be credited into your Singlife Account. Terms apply.
This campaign runs from 1 July 2021 to 31 December 2021.
However, the Grow policy has to be in-forced by 30 November 2021 to qualify for last payout calculated on 31 December 2021.
1) hold a Singlife Account policy
2) apply for Grow policy by satisfying the Customer Knowledge Assessment (CKA) and fund the policy of at least S$1,000 *
*The Grow policy has to be in-forced by 30 November 2021.
The minimum Grow investment amount is S$1,000. You may have multiple Grow policies, however, 0.5% p.a. bonus return will only be calculated once, on the first S$10,000 in the Singlife Account. The bonus return will be credited to the Singlife Account on the Singlife Account crediting date every month.
No. Existing Grow customers can also participate in this campaign. All you need to do is maintain your Grow policy, as well as Singlife Account policy during the campaign period to qualify for the bonus returns.
Bonus return will only be applied once (based on 1 Grow policy) on the first S$10,000 in the Singlife Account. We will verify if any of your Grow policies are inforced for at least 30 days at each checkpoint and similarly, credit your bonus return into your Singlife Account on the respective bonus return crediting date.
Bonus return is calculated on the first $10,000 in the Singlife Account. Bonus returns are credited to Singlife Account . Once the Singlife Account policy is terminated, you will not be eligible to earn and/or be credited with any bonus return that is outstanding.
If you only hold one Grow policy and this is terminated during the campaign period, you will not be eligible to earn and/or be credited with any bonus return that is outstanding.
First, head onto the Home screen of the Singlife app, and tap on the menu bar on the top left-hand corner. Tap on the “Order Card” option and confirm the address that your card is being sent to. After being directed to the next page, tap on “Proceed”. Your card should arrive in 9-12 business days at your selected address.
You may find the step by step illustration here: https://faq.singlife.com/articles/Knowledge/how-do-I-order-my-card.
*Remember to activate your card upon receiving it!
There will be expected minor delays in card delivery during this Safe Reopening period. We seek your understanding as we work to ensure your card is successfully delivered.
Firstly, the Singlife card is a Visa Debit Card, not a credit card.
Secondly, the amount you receive from cashback is tied to your spending amount. Say a user spends S$500, and they are entitled to 0.5% cashback, that will be 0.5% x S$500 = S$2.50 cash back.
By contrast, although the qualification of the bonus return is tied to a minimum spend within a specific card spend period, the amount received from bonus return of 0.5% p.a. is tied to your Singlife Account value. Say a user spends S$500 and qualifies for the bonus returns, he will get 0.5% p.a. return on his Singlife Account value, so it’s actually (0.5% p.a. x S$10,000) which amounts to more than S$4 a month on the same S$500 spend.
Crediting of earned returns will happen on the following day (e.g. policy start date was 31st August 2020, so crediting date in September will fall on 1st October).
No, the minimum qualifying spend of S$500 has to be achieved within a specific card spend period in order to earn the bonus return for a period of one month. The spending in one card spend period has no bearing on any other card spend period.
Yes, card spend periods are independent of one another, you can choose to fulfill the spend criteria of minimum S$500 in any card spend period and you will then earn the bonus return for a period of one month after that card spend period.