Will there be any upcoming changes to my existing Singlife Sure Invest policy?

As an existing Singlife Sure Invest customer, you would have received an email informing you of the cessation of 0.5% p.a. Bonus Return Campaign (on 13 June 2024) on your Singlife Account, if applicable, and cessation of new investments (on 30 June 2024). 

 

 

What will happen to the funds in my Singlife Sure Invest policy and existing coverage?

Your existing investments and coverage will remain unaffected and will continue to be managed as usual, including the death and terminal illness cover. Please note that from 30 June 2024, we will no longer accept new Singlife Sure Invest applications and any form of top ups. This includes new application of Recurring Single Premiums (RSPs) and GIRO requests on existing Singlife Sure Invest policies.

 

 

What will happen to the premiums I have paid?

The premiums you have paid to date will remain in your policy, and your policy will continue to remain in-force. You can continue to make withdrawals at any time, with no penalty. 

 

 

How can I stop a recurring payment arrangement to my Singlife Sure Invest policy?

If you’re currently on a recurring payment arrangement, either Recurring Single Premium (RSP) or GIRO, you can cancel this arrangement with your bank.

 

 

Why did Singlife choose to stop taking in new applications and top ups?

After careful consideration and evaluation of various factors, we have decided to stop new applications and top ups to keep up with market conditions with the objective of paving way for other offerings that better align with the market’s evolving needs and expectations.

 

 

How do I terminate my Sure Invest policy?

You can follow these few simple steps:

a.       Log into your Singlife Account.

b.       Tap on the Sure Invest portfolio you’d like to terminate.

c.       Tap on “More Actions”.

d.       Scroll down and tap on “TERMINATE POLICY” and follow the on-screen instructions.

 

The termination of Sure Invest policy will be processed within 7 working days.

What will happen to my participation in the Singlife Sure Invest Bonus Return Campaign?

The 0.5% p.a. bonus interest promotion for existing Singlife Account customers will cease on 13 June 2024. Your last bonus interest will be paid out by 13 July 2024.

Please note that crediting rate is calculated daily and paid out monthly. You will continue to earn the daily bonus until the campaign ends on 13 June 2024. Bonus earned is paid out to you on your monthly policy anniversary. The last bonus interest amount will be paid out by 13 July 2024.

This webpage is published for information only and Singapore Life Ltd. accepts no liability whatsoever with respect to its use or its contents.

The information contained here is accurate as at 16 Aug 2022.