Is SingLife 2.5% per annum interest calculated on a daily basis or the funds must be in the account for a year to be counted? What’s the insurance coverage that they are referring to?

First part of your question, please refer to first screenshot. Interest will be calculated on daily basis, accumulated and reflected throughout the whole POLICY MONTH (NOT CALENDAR MONTH). It will not be credited to your account balance but instead displaying as separate amount. It will only be credited together with your account balance when the whole policy month has reached, thus resetting the display counter for daily interest to be zero (0) to repeat the cycle and updating the account balance to its new amount with addition of interest.

For second part of your question, you can just refer to second screenshot. There are two types of benefits/coverage, I believe the details are self-explanatory.

Hi Liang Wei, the interest is credited on a monthly basis. The insurance coverage they are referring to is death coverage of 105% of your account value. Meaning if your account has 100K, your death insurance coverage will be 105k. There's also a free retrenchment cover but only for a limited time.