Singlife Partners GXS Bank to Embed Insurance for the Digital Bank’s First Investment Product

Leading homegrown financial services company Singlife today announced a partnership with GXS Bank to embed insurance coverage for the Bank’s first investment product on GXS Invest.

GXS Invest is GXS Bank’s digital investment platform, which is available on its digital bank app. At launch, GXS Bank is offering the Fullerton SGD Cash Fund (Class G), a money market fund for low risk investing. As part of this collaboration, eligible customers¹ who invest in the fund through GXS Invest will automatically receive complimentary group personal accident insurance coverage underwritten by Singlife.

The Singlife policy provides coverage for accidental death and total permanent disability, to protect customers from income disruption and keep their financial goals on track without the need to sign up for a separate insurance plan. Eligible GXS customers¹ will be covered for up to three times their investment amount, capped at S$100,000.

Varun Mittal, Head of Innovation & Ecosystem at Singlife, said: “Protection isn’t an afterthought – it’s the foundation that enables customers to invest with confidence. More than just bundling products, this partnership represents a fundamental shift in how insurance and investment can work together. By leveraging GXS’s digital-native infrastructure, we’re delivering protection at the exact moment customers take action toward their financial future. Singlife is proud to drive this change as we continue to make protection available exactly when and where it’s needed, be it in banking, health, lifestyle and beyond.”

The collaboration bridges a gap in Singapore’s financial landscape, where traditional investment and insurance products are often offered separately. With this collaboration, customers can now invest and protect their wealth within a single product. This partnership with GXS Bank builds on Singlife’s ongoing efforts to embed insurance protection into digital experiences, such as healthcare subscriptions and employee wellness programmes, making protection more accessible and relevant to consumers.

¹ Eligible customers must be between 19 and 75 years old (Age Next Birthday, inclusive), and be a Singapore citizen, Singapore Permanent Resident, or a holder of a valid Singapore Employment Pass (excluding Work Permit holders). Customers must also be residing in Singapore and must not be classified as a Prohibited Person. Insurance eligibility will be screened by GXS Bank and are subject to approval by Singlife. For GXS Bank Invest Account Terms, please refer to http://www.gxs.com.sg/invest-account-terms.