Singlife Account ™

Save, Spend, Earn & Be Insured

The insurance savings plan that earns up to 2.5% p.a. returns.

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 ™

Save, Spend, Earn & Be Insured

The insurance savings plan that earns up to 2.5% p.a. returns.

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.

How do the returns work?

Enjoy 2.5% p.a. returns* on your first S$10,000.

Amounts above your first S$10,000 up to S$100,000 will earn 1% p.a. returns*.

Amounts above S$100,000 will not earn any returns.

*Note that returns (crediting rates) are not guaranteed. 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.

How do the returns work?

Enjoy 2.5% p.a. returns* on your first S$10,000.

Amounts above your first S$10,000 up to S$100,000 will earn 1% p.a. returns*.

Amounts above S$100,000 will not earn any returns.

*Note that returns (crediting rates) are not guaranteed. 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.

Here is a scenario for you

S$150,000


Mary has S$150,000 in her Singlife Account.

S$10,000

Her first S$10, 000 will get a return of

2.5% p.a.

S$90,000

Her next S$90,000 
will get a return of

1% p.a.

S$50,000

Her remaining account value of S$50,000 will not receive any returns.

0% p.a.

How are the returns 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.

How are the returns 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.

Kickstart your Singlife Account policy with just S$500

S$500 is all you need to apply for the Singlife Account to start earning returns on your savings.

Kickstart your Singlife Account policy with just S$500

S$500 is all you need to apply for the Singlife Account to start earning returns on your savings.

Sign up today

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.

Sign up today

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.

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:

  • 2.5% 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.

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.

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

Next Feature

Singlife Card

Spend worldwide with the Singlife Visa Debit Card. Enjoy no FX fees and annual fees.

Next Feature

Singlife Card

Spend worldwide with the Singlife Visa Debit Card. Enjoy no FX fees and annual fees.

Singlife Account at a glance

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.