Enquiry about Singlife everyday insurance account? - Seedly
 

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Asked by Anonymous

Asked 3w ago

Enquiry about Singlife everyday insurance account?

I have received a SMS from Singlife to open an everyday insurance account after showing interest about couple of months back. The account states 2.5% pa on first 10k and 1% pa on amount above 10k till 100k. The terms and conditions shows returns not guaranteed but easy withdrawal from the app. Should I go for it or there are better deals elsewhere. This account also provide life insurance and retrenchment cover of 105% of account value

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Hi Anon,

It looks like it's a wealth accumulation policy. However based on this, I believe other insurers are able to offer better returns with the same amount that you are likely to set aside

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I would not put more than 10k in it.

2.5% is quite good returns for 10k.

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