Singlife Account

How to get the Highest Rate of Returns for Singlife Account

How do you maximise the interest rates returns for Singlife Account?

Singlife Account's rate of returns are pretty straightforward. The returns per annum for Singlife Account is up to 1.0% p.a. for account balances of up to S$10,000. Take note that the returns are NOT guaranteed.

• 1.0% p.a. on the first S$10,000
• 0.5% p.a. for the next S$90,000
• 0.0% for anything amount above S$100,000
• Bonus 0.5% p.a. if you spend at least S$500 on your Singlife Card per policy month. Valid till 31 December 2021.

Benefits of Singlife Account

• Probably the highest rate of returns offered by insurance savings plans in the market right now, that does not require additional expenditure or investments
• Singlife Account is a flexible insurance savings plan that gives you access to your savings via the Singlife App and Singlife Visa Debit Card so you can withdraw or top-up more funds to it anytime
• You can request for a Singlife Visa Debit card which comes with no monthly or annual fees
• Life Insurance Benefit - Every Singlife Account provides life insurance coverage for death or terminal illness, up to 105% of your account value.
• Retrenchment Benefit - Singlife accountholders, who are retrenched and unemployed for at least 4 months, can stand to get a retrenchment benefit of their average monthly card transaction values made over the 6 months prior to the retrenchment for 3 months.
• It is important to remember that Singlife is not a bank savings account, but an insurance savings plan with capital guaranteed by Singapore Deposit Insurance Corporation (SDIC).

Note: Singlife has currently halted new sign-ups from 15 December 2020

Wondering what are the differences between the Singtel Dash EasyEarn vs GIGANTIQ vs Singlife Account? And which is the best for you? Check out our Insurance Savings Plan Comparison!

Eligibility: Who can apply for Singlife Account?

• Singapore resident with valid NRIC or FIN
• Aged between 18 and 65
• Valid Singapore number and Singapore residential address

How to apply for Singlife?

1. Download the Singlife App on your mobile phone.
2. Set-up a Singlife ID & apply for your Singlife Account
3. Start with just $500 (transfer via FAST, from your OWN bank account)

Note: you can only open one Singlife Account per person!

Terms and Fees to look out for in Singlife Account

• Minimum Account Value: S$100
• Initial Fund for Account Activation: S$500
• 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.

About Singlife

Singlife is a homegrown wealth technology company in Singapore, the first since 1970 to be licensed as a life insurance company by the Monetary Authority of Singapore. The company offers digitally-enabled financial services that create a connected consumer financial journey and interface to manage, grow, and protect the wealth and financial well-being of its customers. Singlife is backed by leading insurance, wealth management, and financial services companies including Sumitomo Life, Aflac Incorporated, Aberdeen Standard Investments, and IPGL (Holdings) Limited, standing as one of the top-funded homegrown fintech companies in Singapore. It was most recently listed as one of “The World’s 100 Leading Fintech Innovators in 2018” by KPMG.

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