Singlife Account

What is the Singlife Account?

The Singlife Account is an insurance savings plan where you can earn daily interest on your savings, with no lock-in period or fees. Make top-ups and withdrawals whenever you want, and enjoy life insurance cover in the event of death and terminal illness.

Earn up to 3.5% p.a.*

With a promotional 2% p.a.^ base rate, from 15 Dec 2022 to 31 Mar 2023 on your first S$10,000!

*Up to 3.5% p.a. = 2% p.a. (Promotional base return for the first S$10,000 of Account Value, available from 15 Dec 2022 to 31 Mar 2023) + 0.5% p.a. Bonus Return from the Save, Spend, Earn Campaign + 0.5% p.a. Bonus Return from the Singlife Sure Invest Bonus Return Campaign + Cash Bonus from the Singlife Account Special Incentive Campaign (All campaigns are valid up to 31 Mar 2023).

^Promotional base return for first S$10,000 only. For amounts above S$10,000, up to S$100,000, enjoy promotional base returns of 1.4% p.a. Available from 15 Dec 2022 to 31 Mar 2023.

Learn more

Earn 2% p.a.^ base return

On your first S$10,000, from 15 Dec 2022 to 31 Mar 2023. Start earning with a minimum of S$100. Capital guaranteed with no hidden fees or charges.

No lock-in period

You can withdraw your money anytime via FAST with no costs and no minimum term.

Easy application process

Simply download the app, sign up, and fund S$100 - a few minutes is all it takes.

No FX fees on Singlife card

Indulge in retail therapy and enjoy no FX fees when spending overseas! Earn as you spend with our Singlife Visa Debit Card.

Insurance benefits

You get life insurance coverage of up to 105% of your account value.

^Promotional base return for first S$10,000 only. For amounts above S$10,000, up to S$100,000, enjoy a promotional base return of 1.4% p.a.. Available from 15 Dec 2022 to 31 Mar 2023. Note that all crediting rates are not guaranteed. The Singlife Account is an insurance savings plan. It is neither a bank savings account nor a fixed deposit. Each person is only entitled to one Singlife Account.

Here's how the Singlife Account works

How is the return calculated?

The amount earned will be calculated based on your daily account value and will be credited on the first day of the following policy month.

The return (crediting rates) will be declared as annual rates and will be converted to daily rates on a compound basis, assuming there are 365.25 days per year.

Terms & Conditions apply.

Enjoy no lock-in period with your Singlife Account

This means you can access and withdraw your money any time from your Singlife Account policy or spend with your Singlife card without any financial penalty.

Withdraw your money via FAST with no fees at all

Follow these easy steps!

Tap

From the Singlife App, tap on ‘Withdraw’ on your Singlife Account dashboard.

Add

Tap on ‘Add Bank Account’ and enter your designated personal bank account details.

Confirm

Enter and confirm your withdrawal amount. Give a swipe and your money will be transferred almost instantly.

What does "lock-in" mean?

Some financial products have a "lock-in" period. This is the length of time during which you are not allowed to change your financial arrangement - which includes the early withdrawal of your money.

Financial penalties may apply if you withdraw your money early and the amount received may be less than the initial amount you put in.

Is a minimum account value required?

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.

Follow these four simple steps. A few minutes is all it takes.

Flip card for more details

Download

the Singlife App

The Singlife App is available on the Apple App Store and Google Play Store.

Create

your Singlife ID

To start, create your Singlife ID by setting up your login credentials.

Apply

for your Singlife Account policy

Next, apply for your Singlife Account policy via Myinfo with Singpass to verify your personal details.

Fund

your Singlife Account policy

Once your application is approved, get started with a minimum S$100 to start earning up to 3.5% p.a.* return.

What is a Singlife ID?

The Singlife ID is a unique identifier that's created for the purpose of online applications.

How do I fund my Singlife Account policy?

After setting up your account, you may use FAST or PayNow, via your personal internet banking account(s), to fund your Singlife Account.

From the Singlife App, tap on ‘Fund Your Account’.
Tap on ‘Account Number’ to copy it.
Transfer your money to your Singlife Account via FAST transfer

Don't take our word for it

Hear what our customers say!

App is jam packed with useful features!

This app is jam packed with a lot of useful features. Its interface is well-designed and it makes tracking your finances such a breeze. The one-step touch ID login to check your account balance and the daily updates on earned interest has been especially useful! Would definitely recommend!

User 天啊12345

Straightforward and clean journeys

I've been parking my savings in Singlife Account every month - I think the journeys are really straightforward and clean. I haven't experienced any hiccups with withdrawals as well.

User SavvySaver_2020

Good returns, fast withdrawal and quick sign-up

It is a good way to park spare cash as it yields more than the conventional high-interest hurdle bank accounts and keeps the cash highly liquid. Deposit is almost instant and withdrawal process is pretty fast as well. Signup process is also quick so this is my favourite as compared against the other insurance savings accounts.

User Stranger Tengs

Download now

Start your Singlife Account with just S$100!

A few minutes is all it takes to set up.

Scan the QR code to download the app from Apple App Store and Google Play Store

The Singlife Visa Debit Card

Enjoy no FX fees and no annual fees charged by us.

Spend worldwide with zero FX fees charged by us

With your Singlife Visa Debit Card, there will be zero FX fees charged by us on your overseas purchases. Enjoy retail therapy without any worries.

Instant notifications on your spending

Keep track of your spending with our instant notifications.

What are FX fees?

FX fees are imposed on transactions effected in foreign currencies (non-SGD), overseas transactions effected in SGD, via Dynamic Currency Conversion, as well as SGD transactions processed outside of Singapore.

FX fees typically add up to 2-4% of your converted SGD amount.

How to order your complimentary Singlife card

Follow these easy steps after you have applied for your Singlife Account!

01

From the Singlife App, tap on ‘Order Card’ on your Singlife Account dashboard.
02

Confirm your delivery address.
03

Confirm the display name on your Singlife card and proceed with your order and your Singlife card will be on its way!

How to activate your Singlife card

Follow these easy steps!

01

From the Singlife App, tap on ‘Activate Card’ on your Singlife Account dashboard.
02

Key in the 9-digit code found at the back of your Singlife card.
03

Your Singlife card is now activated!

Earn up to 3.5% p.a.*

on the first S$10,000 in your Singlife Account

Spend and Invest

Simply spend with the Singlife card and invest with Singlife Sure Invest, our investment-linked policy, from 1 Jul 2021 to Mar 2023.

Stack them up

*Up to 3.5% p.a. = 2% p.a. (Promotional base return for the first S$10,000 of Account Value, available 15 Dec 2022 to 31 Mar 2023) + 0.5% p.a. Bonus Return from the Save, Spend, Earn Campaign + 0.5% p.a. Bonus Return from the Singlife Sure Invest Bonus Return Campaign + Cash Bonus from the Singlife Account Special Incentive Campaign (All campaigns are valid up to 31 Mar 2023).

Learn more

Downloads

Singlife Account Product Summary

PDF (261.3 KB)

Singlife Account Terms and Conditions

PDF (296.2 KB)

Singlife Visa Debit Card Terms & Conditions

PDF (386.1 KB)

Singlife App Terms of Use

PDF (298.1 KB)

Disclaimers

This policy is underwritten by Singapore Life Ltd.

This is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. You may get a copy of the Product Summary from us and the participating distributor's offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. If you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you.

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 are 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 is 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 a 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. The information is accurate as of Dec 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 us or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

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