Singlife Account™ explained

Still having questions? Let us lay your doubts to rest.

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What exactly is the Singlife Account?

The Singlife Account is neither a bank savings account nor fixed deposit. It is a capital guaranteed insurance savings plan that gives up to 1.0% p.a.* return.

*Note that 1.0% crediting rate is not guaranteed and each person is only entitled to one Singlife Account policy.

How am I insured with Singlife Account?

As the Singlife Account is an insurance savings plan, your Singlife Account policy provides life insurance coverage of up to 105% of your Singlife Account value and retrenchment benefits.

When can I start seeing the return?

S$500 is all you need to apply for a Singlife Account policy and start enjoying up to 1.0% p.a. return on your savings. No kidding, it’s that simple.

Do I get a complimentary Singlife Visa Debit Card?

YES. Easily apply for it on the Singlife App and have it delivered to your home. Oh, and did we mention – our card even helps you save while you spend.

No FX fees and no annual fees charged by us.

How can I withdraw my money?

You have access to your money anytime, anywhere, right through our mobile app. Withdraw your money almost instantly via Fast and Secure Transfers (FAST) in your Singlife App, with no fees at all.

Can I trust Singlife with Aviva?

Valid question.
But fear not! Singapore Life Ltd. (Singlife with Aviva) is a direct life insurer licensed by the Monetary Authority of Singapore (MAS). Furthermore all Singlife policies, including the Singlife Account are protected up to specified limits by the Singapore Deposit Insurance Corporation (SDIC).

Kickstart your Singlife Account policy with just S$500!

A few minutes is all it takes. Let us show you how.

Got any questions?

What is the Singlife Account?

What are the key features of the Singlife Account?

How does the 1.0% p. a. crediting rate work?

Are there any fees to have and maintain a Singlife Account?

Can I have more than one Singlife Account policy?

Can I use multiple currencies in one account?

Is there a minimum account value?

Is the Singlife Account protected?

The information on this page is meant for your general knowledge and does not regard any specific investment objectives, financial situations or particular needs any person might have. Nothing on this page constitutes the provision of financial advice.

Before making a commitment to purchase this product, you should consider whether the product is suitable for you by referring to the product summary, terms and conditions and FAQs. Alternatively, you may wish to seek advice from a financial adviser before making a commitment to purchase this product.

We hereby disclose to you that:

    (a) Your relevant money as defined under Payment Services Act (“PSA”) from Singlife Account will be held by us on behalf of you in a trust account opened with a safeguarding institution;
    (b) Your relevant money from Singlife Account will be deposited in a trust account together with, and commingled with, the relevant money received by us from our other Singlife Account customers;
    (c) There is no foreseeable risks of such commingling and you are able to withdraw your account value anytime via FAST;
    (d) The relevant money in the trust account with the safeguarding institution is insured by SDIC. Pursuant to section 23(7)(b) of the PSA, the customers’ relevant money deposited in a trust account are not liable to be taken in execution under an order or any court process, such as in insolvency proceedings. In the event of the insolvency of the safeguarding institution, the Monetary Authority of Singapore may make regulation under section 103 of the PSA on the manner in which the customers’ relevant money must be treated and dealt with; and
    (e) The safeguarding institution is not liable to compensate you for your claims against Singlife with Aviva.

This advertisement has not been reviewed by the Monetary Authority of Singapore. Information is accurate as of January 2022. 

This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Singapore Life Ltd. or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).