Anonymous

07 Jun 2020

∙

How does Singlife work? Is it a savings account or insurance?

I tried to sign up just now and it says that I’m protected from death etc...

Do I have to pay any fees? Because I’m only interested with their 2.5% interest up to $10k. Decided to park $10k over there but came across their terms and conditions..

Singlife Account

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Shane

10 Nov 2021

Get up to S$35 when you sign up for Singlife Account, the insurance savings plan + Singlife Visa Debit Card and Grow, the investment-linked policy. Use my link or invite code below👇
https://app.singlife.com/sOC0KFfD
Invite code: sOC0KFfD

To qualify, follow the steps below -
Pre-requisite: Sign up & fund the Singlife Account + activate the Singlife Visa Debit Card to be able to receive your credits & get S$5 for doing so
Step 1: Sign up for your FIRST Grow policy, if you’d like to get additional S$30 credits
Step 2: Watch your credits grow in your Singlife Account. Welcome your friends onboard today - the more the merrier!

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Gabriel

07 Jun 2020

Undergraduate at National University of Singapore

Hey Anon, while there is an insurance component to the Singlife Account, you do not have to pay any fees for it. Currently, the Singlife Account offers one of the highest interest rates, 2.5% p.a (non-guaranteed). I treat it like a bank/savings account rather than an insurance plan although it does have a death and terminal illness benefit as you are free to surrender/cancel the policy anytime as well.

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Elijah Lee

04 Jun 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

The Singlife account is actually an insurance savings plan. However, there are some things...

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Fresh graduate here with not much savings in my bank account and will be starting work next week. I want to get started on insurance and making sure that I stash away savings too! Any advice?

How does the Singlife account work and compare to other cash / endowment / savings plans?

What happens when my deposit for my SingLife insurance savings plan account falls below the minimum ir if I make a full withdrawal?

Would my insurance saving plan - Manulife Ready Builder still take effects/continues on, if am not working? I have sign up for this plan when i open an Multiplier account with DBS two years back.

I'm a student & working part time. I try to save 20% of pay each month. Is scb jumpstart a good account to credit my salary and for savings? Is it easy to transfer to other bank accounts such as POSB?