Manage
Manage The Insurance Savings Plan that earns up to 2% p.a. returns.
New sign-ups for the Singlife Account on hold with effect from 15 December 2020.
After a successful release and a merger underway, this is a chance for us at Singlife to spend the time to relook, regroup and refresh the Singlife experience and offering.
This will not affect existing Singlife Account policyowners who can still access their Singlife Account via the app. and can continue earning return of 2.0% p.a. on their first S$10,000 and 1.0% p.a. on their next S$90,000.
Those who do not submit their Singlife Account application by 23:59 on 14 December 2020 will need to put their names on the waiting list to be notified of when the app reopens for new customers in 2021.
Save and earn with returns calculated daily and credited monthly. See it all on the Singlife App.
Enjoy 2% p.a.* on your first S$10,000.
*Note that returns are not guaranteed. The Singlife Account is not a bank account or a fixed deposit. It is an insurance savings plan that earns a crediting interest rate, but you can take your money out anytime via FAST transfer or by using your Singlife Visa Debit card. Each person is only entitled to one Singlife Account policy.
on top of your 2% p.a. base return for the first S$10,000 in your Singlife Account as you spend on the Singlife Card from 1 Nov 2020 till 30 June 2021
Every Singlife Account also provides life insurance in case of unfortunate events in life.
Spend with the Singlife Debit Card worldwide. Competitive FX rates, no FX fees, zero annual charges.
Singapore Life Pte. Ltd. (Singlife) is a direct life insurer licensed by the Monetary Authority of Singapore (MAS).
All Singlife policies, including the Singlife Account are covered under the Policy Owners’ Protection (PPF) Scheme administered by Singapore Deposit Insurance Corporation (SDIC). The PPF Scheme protects policy owners in the event a life insurer which is a PPF Scheme member fails.
Capital guaranteed with no hidden fees or charges.
Start earning with a minimum of S$500. No gimmicks, just pure savings.
You get life insurance coverage of up to 105% of your account value and retrenchment benefits.
Indulge in your retail therapy with our complimentary Singlife Visa debit card.
You can withdraw your money anytime via FAST with no costs and no minimum term required.
Just download the app and sign up – a few minutes is all it takes.
A few minutes is all it takes to apply for
a Singlife Account policy
Note that the Singlife Account is an insurance savings plan. It is neither a bank savings account nor fixed deposit. Each person is only entitled to one Singlife Account policy.
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. The Singlife account provides insurance coverage to policyholders in the event of death and terminal illness. It is neither a bank savings account nor a fixed deposit.
You get:
No, all you need to do is to fund S$500 to activate your Singlife Account policy. You can then start earning the returns.
To continue enjoying the benefits of the Singlife Account policy once you have activated it, you would need to maintain a minimum account value of S$100.
No, you are only allowed to open one(1) Singlife Account policy.
No. The Singlife Account will be in Singapore Dollar (SGD). However, for overseas transactions via the Singlife Card, you have the option to pay in Singapore Dollar or in foreign currency at the point of sale.
You need to maintain a minimum account value of S$100. There are no returns or benefits to your Singlife Account policy if the account value falls below S$100.
The Singlife Account is protected up to specified limits by the Singapore Deposit Insurance Corporation.
Singapore Life Pte. Ltd. (Singlife) is a registered member of the Policy Owner’s Protection Scheme. The PPF Scheme protects policy owners in the event a life or general insurer which is a PPF Schema member fails.
The PPF Scheme provides 100% protection for the guaranteed benefits of your life insurance policies up to the applicable caps. Coverage for your policy is automatic and no further action is required from you.
The PPF Scheme is administered by the Singapore Deposit Insurance Corporation (SDIC). To find out more, click here.
No. You can use Fast and Secure Transfers (“FAST”) to transfer the funds to your designated personal bank account(s) almost instantly.
No, we are actively working on this and shall notify you once it is ready for use.
If you make overseas transactions and choose to pay in foreign currencies, the Singlife Visa Debit Card offers Visa’s competitive exchange rate with no FX fees or charges.
However, if you choose to pay in Singapore Dollars (SGD) for overseas transactions, transactions will be converted to Singapore Dollar via dynamic currency conversion, which is a service offered at selected merchants or websites.
This process of conversion and exchange rates applied are determined by the relevant merchant or dynamic currency conversion service provider.
Yes. You can spend with the Singlife Visa Debit Card anywhere that accepts Visa. Spend with the card overseas with no FX fees or charges.
You can see your transactions, lock and unlock your Singlife Card all through the Singlife App.
Through the Singlife App after you have signed up for a Singlife Account.
If you want a more detailed step-by-step, please click here.
You get:
You will get a universal life insurance which provides you death or terminal illness benefit of up to 105% of your account value.
Please refer to the policy’s Terms & Conditions for more information.
You will receive the retrenchment benefit for a period of three (3) months, up to a total payout of S$10,000, provided you have been retrenched and remain unemployed for at least four (4) months following the date of retrenchment.
The coverage is limited to 1 year from the start of your Singlife Account policy.
For more information on claims eligibility and exclusions, you may refer to the Terms & Conditions of Retrenchment Benefit Rider.
You can sign up via the Singlife App.
Download your Singlife App here
Google Play Store: https://play.google.com/store/apps/details?id=com.singlife.mobile&hl=en&utm_source=website&utm_medium=faq&utm_campaign=sg_manage_website&utm_content=android
The Singlife Account is available for Singapore residents who are Singapore citizens, Singapore Permanent Residents or foreigners holding valid passes.
In addition, you must be between the age of 18 and 75 years of age to qualify.
– Your valid NRIC / FIN
– Address proof (Singapore Residents holding FIN)
The identity documents are required for verification purposes.
However, if you use MyInfo during your Singlife Account application, you are not required to upload identity documents.
The Singlife ID is a unique identifier we created for the purpose of online application.
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.
The process of receiving your funds requires several steps, which at times may mean that your top-up is not reflected straight away.
Please allow up to 3 hours after making your FAST transaction for your top-up to be visible in the Singlife app.
We recommend that you contact our Customer Service team if the top-up is not reflected after 3 hours so that we may investigate the transaction promptly.
You can use Fast and Secure Transfers (“FAST”) from your designated personal bank account(s) to fund your Singlife Account. This can be done via your Singlife App.
You can fund your Singlife Account any time after you have successfully completed the set-up.
The process of receiving your funds requires several steps, which at times may mean that your top-up is not reflected straight away.
Please allow up to 3 hours after making your FAST transaction for your top-up to be visible in the Singlife app.
We recommend that you contact our Customer Service team if the top-up is not reflected after 3 hours so that we may investigate the transaction promptly.
Use Fast and Secure Transfers (“FAST”) to your designated personal bank account(s) anytime.
Withdrawals can be made instantly through Fast and Secure Transfers (“FAST”).
Please note that withdrawn money may only be reflected in your designated bank account up to 3 hours later.
NEWLY LAUNCHED!
