Singlife Account

Your Singlife Account will be terminated upon the payment of a terminal illness claim. 

The Singlife Account policy is an annual plan that automatically renews every year up to the policy anniversary immediately following your 100th birthday.

You must complete the prescribed nomination form and submit the original completed version to us for registration.

Click here to download the form.

Related FAQ: Your Guide to the Nomination of Insurance Nominees 

Yes. You have access to your savings at any time through the Singlife App. This comes with no lock-in. However, you may be subjected to daily withdrawal limits.

The insurance coverage is not guaranteed for whole of life, as we reserve the right to terminate your policy on any policy anniversary, after giving you 30 days’ notice.

Yes. The Singlife Account is a capital-guaranteed insurance savings plan. If you withdraw all your money or surrender your Singlife Account policy, you'll get back what you've put into the account (less the sum of your total withdrawals/spend).

The minimum account value is S$100. There will be no returns or benefits with your Singlife Account policy if this value falls below S$100.

"Account Value" is the nett value of your Singlife Account, after taking into consideration all premiums, withdrawals and interest credited.

Your insurance benefit will be paid out to your named beneficiary or estate.

Your insurance coverage and interest crediting will be terminated. Your Account Value will be credited to your bank account.

The free-look period is the first 14 days from the date of receipt of your Singlife Account policy in which you can evaluate the plan and see if it meets your needs. If you decide to cancel the policy within the 14 days, the premiums paid without interest – less any withdrawal(s) or expenses incurred in the processing your application will be refunded.

The Singlife Account is an insurance savings plan that provides death or terminal illness benefit of up to 105% of your account value.