facebookNormal Singlife Account Opened more than 6 months, what are the terms and condition to claim for Retrenchment Coverage? - Seedly

Advertisement

Sim Jia Jin

Business Informatics at Nanyang Polytechnic

02 Dec 2021

Insurance

Normal Singlife Account Opened more than 6 months, what are the terms and condition to claim for Retrenchment Coverage?

Currently I am curious if anyone actually managed to claim the Retrenchment Coverage from Singlife and what is the step by step process or procedure am I suppose to do if I need to submit a claim... Is there any min. amount needed in my singlife account? And am I suppose to use singlife card and spend in order to claim? Or it is not required?

Discussion (3)

What are your thoughts?

Learn how to style your text

Tan Choong Hwee

03 Dec 2021

Investor/Trader at Home

Refer to SingLife website on insurance benefits:

https://singlife.com/manage/insurance-benefits/

See attached image for Retrenchment Coverage. The claim conditions are:

  • Retrenchment coverage limited to 1 year from the start of your SingLife account.
  • Retrenched and remained unemployed for 4 months.
  • Submit claim within 90 days from 4-month unemployment.
  • Claim amount based on average monthly card spend over 6 months before retrenchment.
  • Receive retrenchment benefit for 3 months, total cap at $10k.

comment
View 2 replies

Write your thoughts

Advertisement