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SDIC website stated below compensation entitlement:
The closest I can find is below stated in Singlife account policy schedule:
Surrender benefit: Account value as at the surrender date
But it doesn't clarify it is a guaranteed or non-guaranteed surrender benefit.
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Kenneth Lou
30 Nov 2020
Co-founder at Seedly
Hi Arthur,
Yup it is, I've been on it SingLife as well for almost 1 year now since they launched :) great savings account alternative and easy to top up/withdraw.
You can see the other reviews here: https://seedly.sg/reviews/insurance-savings-pla...
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Thanks All! Great to confirm this point and much appreciate your help!