Asked on 29 Nov 2020
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.
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-plans/singlife-account
If you have $100,000 in the account, yes.
Question 17- “... For non-participating policies, all the benefits will be considered as guaranteed...”
In the SingLife account product summary, it is mentioned that the policy is a non-participating life plan.