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Insurance Savings Plans/Singlife Account
Insurance Savings Plans/Singlife Account
4.5
193 reviews
claimed

Claimed

This product is managed by Singlife.

Summary

Product Page Transparency

  • Claimed in December 2020

Singlife Account Reviews 2022

The Singlife Account is an insurance savings plan that offers:

·       Life insurance coverage of up to 105% of your account value

·       Up to 1.5% p.a.^ base return on the first S$10,000

·       Up to 1.1% p.a.^ return on amounts above your first S$10,000 up to S$100,000

·       No lock-ins, withdraw anytime without a penalty fee

^Note that the crediting rates are not guaranteed. The Singlife Account is an insurance savings plan. It is neither a bank savings account nor a fixed deposit. Each person is only entitled to one Singlife Account policy.

Earn an additional 0.5% p.a.* return on the first S$10,000 by participating in our Save, Spend, Earn Campaign. Simply spend a min. S$500 with the Singlife Visa Debit Card within each card spend period to qualify. Valid till 31 December 2022. T&Cs apply.

With the Singlife Sure Invest Bonus Return Campaign, earn an additional 0.5% p.a.* return by signing up for our digital investment-linked policy, Singlife Sure Invest. Valid till 31 December 2022. T&Cs apply.

By participating in the bonus campaigns, you’ll earn up to 3.0% p.a.* return with the Singlife Account! 

Easily access your savings with the Singlife App, the all-in-one app that allows you to save, invest and keep track of your finances.

*Up to 3% p.a. = 1.5% p.a. base return + 0.5% p.a. Bonus Return from the Save, Spend, Earn Campaign + 0.5% p.a. Bonus Return from the Singlife Sure Invest Bonus Return Campaign + Cash Bonus from the Singlife Account Special Incentive Campaign. All crediting rates stated are not guaranteed.

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Singlife Account

S$100

MIN. ACC BALANCE

Up to 1.5% p.a. base return + Up to 3% p.a. effective returns

RATE OF RETURN

1.5% p.a. for first S$10k

INTEREST CAP

S$100

MIN. INITIAL PREMIUM

Singlife Account

S$100

MIN. ACC BALANCE

Up to 1.5% p.a. base return + Up to 3% p.a. effective returns

RATE OF RETURN

1.5% p.a. for first S$10k

INTEREST CAP

S$100

MIN. INITIAL PREMIUM

Reviews (193)

4.5

193 Reviews

5
121
4
54
3
11
2
4
1
3

Service Rating

User Experience

4.5

Customer Support

4.2
      Posted 2d ago

      Purchased

      Singlife Account

      One of the most flexible insurance saving plans with a fuss-free deposit, one of the best interest rates, no lock-in and quick withdrawal.

      0

      What are your thoughts?

      Posted 8d ago

      Purchased

      Singlife Account

      A decent account to match the current interest rate environment, with a mini insurance benefit. Love that it has very quick withdrawal features!

      0

      What are your thoughts?

      Posted 8d ago

      Purchased

      Singlife Account

      Most flexible investment account with the highest interest. No lock in period and debit card further allows more interest to be earned monthly. Interest is also credited every month which makes it super easy to keep track.

      0

      What are your thoughts?

      Posted 8d ago

      Purchased

      Singlife Account

      Simple and easy application process, it has competitive rates for various packages. strongly recommended

      0

      What are your thoughts?

      Posted 8d ago
      [Others] [User Experience] The GUi is easy to navigate. Provide good summary at a glance. Their insurance rate was pretty competitive

      0

      What are your thoughts?

      Posted 14d ago

      Purchased

      Singlife Account

      [Interest Rate] Very good rate that allows me to share to others [Withdrawal Process] Fast and quick [Application Process] No Issue and very fast acceptance Love the app design and easy to navigate great savings plan

      0

      What are your thoughts?

      Posted 14d ago

      Purchased

      Singlife Account

      Terrific and marvellous app with lots of investment tips and recommendations to share and explore with 👍

      0

      What are your thoughts?

      Posted 14d ago

      Purchased

      Singlife Account

      [Interest Rate] Very Attractive and good which allow me to invest my savings at higher interest rates [Application Process] Fast and user friendly with no issue

      0

      What are your thoughts?

      Posted 15d ago

      Purchased

      Singlife Account

      [Withdrawal Process] Fast and swift [User Experience] Very smooth user transaction [Application Process] it was fast with use of singpass, made the application easier

      0

      What are your thoughts?

      Posted 15d ago

      Purchased

      Singlife Account

      I have not have the need to use the customer service. But I did not notice any contact numbers or channel to contact the customer service team

      0

      What are your thoughts?

    Discussions (0)

      No Posts Found.

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      What you get with the Singlife Account

      Key features

      Details

      Minimum Initial Premium

      S$100

      Minimum Account Value

      S$100

      Crediting Rate (non-guaranteed)

      Up to 1.5% p.a. on the first S$10K

      Up to 1.1% p.a. return on amounts above your first S$10K up to S$100K

      0% p.a. for amounts above S$100K

      Save, Spend, Earn Campaign

      Bonus 0.5% p.a. return

      Spend S$500 per card spend period with the Singlife card. Crediting rates are not guaranteed. T&Cs apply.

      Singlife Sure Invest Bonus Return Campaign

      Bonus 0.5% p.a. return

      Sign up for a Singlife Sure Invest Policy. Crediting rates are not guaranteed. T&Cs apply.

      Singlife Account Special Incentive Campaign

      Cash bonus of up to S$810. Available to new and existing customers.

      Top up S$10K, S$30K, S$50K in fresh funds and maintain them in the Singlife Account for 12 months. T&Cs apply.

      Protection

      Capital guaranteed

      Life insurance coverage of up to 105% of the account value

      What you get with the Singlife Account

      How do you maximise your returns with the Singlife Account? 

      - Earn up to 1.5% p.a.^ on the first S$10,000

      - Earn up to 1.1% p.a.^ for the next S$90,000

      - 0% for any amount above S$100,000

      - Additional 0.5% p.a.* if you spend at least S$500 on your Singlife Card per policy month. Valid till 31 December 2022.

      - Additional 0.5% p.a.* if you have an in-force Singlife Sure Invest policy.

      - Earn a cash bonus of up to S$810 by participating in the Singlife Account Special Incentive Campaign. Valid till 31 Dec 2022.

      By participating in the bonus campaigns, you’ll enjoy up to 3.0% p.a. return with the Singlife Account!

      ^Note that crediting rates are not guaranteed. The Singlife Account is an insurance savings plan. It is neither a bank savings account nor a fixed deposit. Each person is only entitled to one Singlife Account policy.

      *Up to 3% p.a. = 1.5% p.a. base return on the first $10k + 0.5% p.a. Bonus Return from the Save, Spend, Earn Campaign + 0.5% p.a. Bonus Return from the Singlife Sure Invest Bonus Return Campaign + Cash Bonus from the Singlife Account Special Incentive Campaign


      Benefits of Singlife Account

      ·       Earn returns while being protected

      Singlife Account is an insurance savings plan that allows you to earn returns and enjoy life insurance coverage for death or terminal illness of up to 105% of your account value.

       ·       Enjoy the flexibility of no lock-ins

      Withdraw anytime with no penalty fee.

      ·       Easily make top-ups or withdrawals

      Manage your Singlife Account via the Singlife App, where you can make top-ups and withdrawals conveniently. 

      ·       Complimentary Singlife Visa Debit Card

      Spend with the Singlife card with no FX and annual fees charged by us.

      Eligibility: Who can apply for Singlife Account?

      ·       Singapore residents between the age of 18 and 75 at the point of application

      ·       Valid NRIC or FIN

      ·       Valid Singapore-registered mobile number and Singapore residential address

      ·       Applicants cannot be undischarged bankrupts

      How to apply for the Singlife Account?

      ·       Download the Singlife App on your mobile phone

      ·       Set up a Singlife ID & apply for your Singlife Account

      ·       Start with just S$100 (transfer via FAST or PayNow from your own bank account)

      Each individual is only allowed one Singlife Account policy.

      More details

      ·       Initial fund for account activation: S$100

      ·       Minimum Account Value: S$100

      ·       Interest is calculated daily and credited to your account value on a monthly basis.

      ·       The interest will be credited on the first day of the following policy month.

      Disclaimers

      This policy is underwritten by Singapore Life Ltd. (“Singlife”).

      The content on this page is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person.

      You may get a copy of the Product Summary from Singlife and the participating distributors’ offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a Financial Adviser Representative before making a commitment to purchase the product. If you choose not to seek advice from a Financial Adviser Representative, you should consider whether the product in question is suitable for you.

      The Singlife Account is an insurance plan. It is neither a bank savings account nor a fixed deposit. For disclosures under the Payment Services Regulation 2019 for the Singlife Account, please refer to https://singlife.com/en/singlife-account.

      This material is not an insurance contract. Full details of the standard terms and conditions of the policies can be found in the relevant policy contracts.

      Protected up to specified limits by SDIC. This advertisement has not been reviewed by the Monetary Authority of Singapore. The information is correct as at 4 October 2022.

      Contact us at [email protected] should you require any assistance or spot any inaccuracies

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