What are the drawbacks/ risks for someone using a Singlife Account?

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!

Hi
So far it's quite safe as most of us treat it like a savings account rather than an insurance product. This is because we can deposit/withdraw anytime via FAST to our local bank and there's no lock in period or penalties with interest calculated daily credited monthly.

For full details , pros and cons, do read here by seedly: https://blog.seedly.sg/singlife-account-visa-de...

before your decide.

There are many who ask about Singlife account here in this platform, you can search for the Q&A or review on the top right hand corner search box that says "Find product review" to read up past/current user feedback. ​​​