Protection against unfortunate life events
Every Singlife Account provides life insurance coverage for death or terminal illness, up to 105% of your account value. Here's how it works.
*Terms & conditions apply.
Limited time offer — Retrenchment Coverage
If you are retrenched and remain unemployed for at least 4 months, we will pay you a retrenchment benefit for a period of 3 months, up to S$10,000.
The retrenchment benefit is your average monthly card transaction values made over the 6 months immediately before the date of retrenchment.
*Terms & conditions apply.
Kickstart your Singlife Account policy with just S$500!
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Got any questions?
How does the life insurance coverage work?
How does the retrenchment benefit work?
Are there any fees to have and maintain a Singlife Account?
Can I have more than one Singlife Account policy?
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.
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).