The Singlife Account is an insurance savings plan that credits interest and offers flexibility to make top ups and withdrawals with no lock in and charges.

It comes with an optional Singlife Visa Debit Card (“Singlife Card”) that allow you to spend at any of the Visa merchants worldwide.

You can get round the clock real-time access to your Singlife Account with the Singlife App.

The Singlife Account is now launched. The public will be able to download the Singlife App while an exclusively selected group of customers from the fast growing waitlist will be amongst the first to start earning interest on their Singlife Accounts.

Progressively, the rest who are on Singlife’s waitlist will be notified when they can apply.

For those who have not yet applied to be on the waitlist, they can do so via the Singlife website.

The Singlife Account is a yearly renewable life insurance plan which automatically renews every year up to the policy anniversary immediately following your 100th birthday. The coverage is not guaranteed for whole of life as we reserve the right to terminate your policy and refund your account value on any policy anniversary by giving ninety (90) days’ notice.

For the first 20,000 customers, you will receive 2.5% p.a. returns on your first S$10,000 account value, and 1% p.a. returns on account value above S$10,000. Returns are non-guaranteed. There are no returns for amounts above S$100,000.

The Singlife Account also provides an insurance cover for death or terminal illness, up to 5% of your account value. In addition, the limited time offer of free retrenchment benefit rider pays out an equivalent of 3 months of your average Singlife Card spend.

The optional Singlife Card allows you to spend overseas without the additional FX fees and charges.

With the Singlife App, you will also receive instant notifications and daily updates on returns on your savings.

You should review the Cover Page, Product Summary, Terms & Conditions to make sure that your understand and agree to the terms of the product when you apply for your Singlife Account.

A minimum of S$500 is required.

A minimum account value of S$100 required to keep your policy in force. When it falls below S$100, you will be reminded to top up your account value or your Singlife Account may be terminated with the balance refunded to you. There will also be no interest earned if the account value falls below S$100.