Terms & Conditions for Transfer In Promotion (“Promotion”)

1.      This Promotion is open to all existing and new customers of Singapore Life Ltd. (“Singlife”).

2.      This Promotion is valid until 30th June 2022 or if the volume of UT Transfer In reaches S$100,000,000, whichever is the earliest (“Promotion Period”).

3.      Customer’s transfer in forms must reach Singlife during the Promotion Period to be eligible for this Promotion and shall apply to Cash holdings only.

4.      The Customer will receive the following worth of the incentive for unit trust holdings transferred in provided that the holdings are kept with Singlife for a period of 6 calendar months.

Portfolio Transfer In Incentive (% of AUM)

Volume of UT Transfer In


(Payable on the 6th month)

Additional Incentive with purchase of Term Plan* (Payable on the 12th month)

0 to 100k



>100k to 250k






* The Term Plan excludes Group Term Life policies.

5.      The maximum volume of unit trust transfer that is eligible for the incentive will be capped at S$500,000.

6.      For Customers who purchase a minimum term coverage of S$500,000, they will be entitled to an additional incentive of 0.10% of the worth of the Unit Trust Holdings (at point of transfer) if there are no lapses in the insurance within 12 months.

7.      To qualify for the additional incentive provided in clause 4 above, purchase of the term plan must be done through an Singlife Relationship Consultant.

8.      Any additional incentive will be capped at 15% of the total annualized premium of the Term Plan.

9.      The maximum cash reward is S$2250 per customer for that year of promotion (“Reward Amount”) and S$2250 for joint accounts for that year of promotion.

10.      If a Customer has both individual and joint accounts, only one account will be entitled to the Reward Amount.

11.      The Reward Amount will be credited via Paynow (registered number) or Cheque after 6 months from date of effective portfolio transfer and 12 months from insurance policy inception for the additional incentive.

12.      Transfer in of unit trust holdings takes approximately 6 to 8 weeks to be completed.

13.      Singlife reserves the right to amend these Terms & Conditions without prior notification.

14.   By participating in this Promotion, you accept that Singlife’s decision on all matters relating to the Promotion is final and binding on you. If there is any inconsistency between these terms and conditions and any brochure, marketing or promotional material relating to the Promotion, these terms and conditions will prevail.

15.   A person who does not participate in the Promotion shall have no right under the Contracts (Rights of Third Parties) Act (Cap.53B) to enforce any of these terms and conditions.

16.   The terms of the Promotion will be governed by and construed in accordance with the laws of the Republic of Singapore and you agree to submit to the jurisdiction of the courts of the Republic of Singapore.

17.   All information is accurate as at January 2022.