Introducing the Singlife Account ™

Up to 2% p.a. returns

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.

How do I start earning up to 2% p.a.?

Insurance benefits

You deserve to be protected

Every Singlife Account also provides life insurance in case of unfortunate events in life.

How Am I Insured With The Singlife Account?

Not just another card

It’s your Singlife Card

Spend with the Singlife Debit Card worldwide. Competitive FX rates, no FX fees, zero annual charges.

How to save as you spend with the Singlife Card?

Singlife Visa Card

A financial institution you can trust

Licensed by MAS

Singapore Life Pte. Ltd. (Singlife) is a direct life insurer licensed by the Monetary Authority of Singapore (MAS).

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Protected by SDIC

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.

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Singlife Account at a glance

Learn more about Singlife Account
Singlife Online Terms and Conditions

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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.

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Still unsure about what Singlife Account is?

Let us simplify it for you

Commonly Asked Questions

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.

  • A life insurance cover for death or terminal illness, up to 105% of your account value.
  • Your account value earns interest.
  • An optional Singlife Visa Debit Card (“Singlife Card”) that allow you to spend at Visa merchants worldwide.
  • You get real-time access to all transactions made in your Singlife Account through the Singlife App.

You get:

  • 2% p.a. crediting rate for your first S$10,000
  • 1% p.a. crediting rate for your next S$90,000
  • 0% p.a. crediting rate for account value above S$100,000
  • Interest is calculated daily and credited to your account value on a monthly basis.
  • The interest on your Singlife Account policy will be credited on the first day of the following policy month.
  • Please note that returns are not guaranteed.

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.

You may refer to the Singlife Account Paid Referral Programme T&C’s here

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:

  • 2% p.a. crediting rate for your first S$10,000
  • 1% p.a. crediting rate for your next S$90,000
  • 0% p.a. crediting rate for account value above S$100,000
  • Interest is calculated daily and credited to your account value on a monthly basis.
  • The interest on your Singlife Account policy will be credited on the first day of the following policy month.
  • Please note that returns are not guaranteed.

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.

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.

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.

Funds will be transferred instantly.

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.

Important Notes

  • 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.
  • This policy is protected under the Policy Owners’ Protection Scheme 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 Singapore Deposit Insurance Corporation Limited (SDIC).
  • Information is correct as at 1 June 2020.
  • This advertisement has not been reviewed by the Monetary Authority of Singapore.