Singlife
Singlife was founded in 2017 as a digital insurance company. In 2020, Singlife merged with Aviva, and expanded their business to the Philippines.
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Why Choose Singlife?
What Types Of Insurance Does Singlife Offer?
Singlife offers various types of life insurance plans, ranging from term life, whole life, critical illness, medical insurance, disability, savings, investment-linked plan, etc.
6 Types Of Singlife Insurance Plans
Term Life Insurance
There are 2 main term life insurance plans at Singlife – a simple, straight-forward term life plan called Singlife Simple Term, and a flexible, customisable, longer and more comprehensive term life plan called Singlife Elite Term.
Critical Illness
Currently, Singlife offers 3 types of plans for critical illness. Singlife Comprehensive Critical Illness, a simple and standard single-payout plan, and Singlife Mutlipay Critical Illness, a more comprehensive multiple-payout plan. Both plans provide coverage across early, intermediate and severe stage of critical illnesses.
Singlife Essential Critical Illness, a critical illness plan that gives you the assurance whether you are in the pink of health or have an existing health condition.
Investment-Linked Plans
There are 2 investment-linked plans (ILPs) - a regular premium ILP namely Singlife Savvy Invest and a single premium ILP namely Singlife Sure Invest. Both of these ILPs offer a combination of investment opportunities and insurance protection, and there is also flexibility to increase your investment amount anytime via an ad-hoc premium top-up.
Savings Plans
Featuring 3 insurance savings plans, Singlife Choice Saver, Singlife Steadypay Saver and Singlife Flexi Life Income catering for different savings needs. With Singlife Choice Saver, you can grow your money on your terms and your capital is guaranteed. Singlife Steadypayer Saver lets you enjoy annual cash payouts plus a payout at the end of your policy term. Singlife Flexi Life Income gives you yearly guaranteed cash payout throughout your lifetime.
Disability Insurance
Singlife Careshield Standard and Singlife Careshield Plus are two government-approved supplement plans that boost your CareShield Life or ElderShield payouts so that you can get the care you need during unexpected events in life.
Whole Life Insurance
Singlife Whole Life is a customisable, lifelong protection plan which can provide additional protection, when it matters. The plan comprises a Base Cover and an Additional Cover, and it features the option of riders for greater protection and peace of mind.
Singlife Term Insurance Plans
Singlife Simple Term
Singlife Simple Term is a term life insurance plan which covers you for death, terminal illness, and total and permanent disability for a base sum assured between $150,000 to $500,000, which can be used for your dependents’ living expenses, your children’s education or repayment of debts like home loans. You can renew your plan every year to enjoy coverage until u reach 86 years old.
Singlife Simple Term Benefits
Base Sum Assured
Get coverage from S$150,000 to S$500,000. You will receive a lump-sum payout in the event you pass away, are diagnosed with terminal illness, or total and permanent disability.
Coverage Duration
You can get continuous coverage until you reach 86 years old by renewing your plan every year.
Affordable Premiums
Premiums start from $0.37 per day for a plan with $500,000 coverage.
Riders
There are currently two options available - Critical Illness Cover and Personal Accident Cover. Critical Illness Cover pays out your chosen sum assured of S$50,000 to S$350,000 should you be diagnosed with any of the 36 severe-stage critical illnesses covered, while Personal Accident Cover pays out your chosen sum assured of S$100,000 to S$500,000 in the event of an accident-related injury or death.
No Medical Check-Up
You are not required to undergo medical checkup for Singlife Simple Term. Just answer a few health questions.
Learn more about Singlife Simple Term here →
Singlife Elite Term
Singlife Elite Term offers more comprehensive coverage as you can select how many years you want your coverage for – 5 years, 10 years, or any yearly interval from 11 years until you're 85 or cover to 99 years old, plus the flexibility to increase your basic policy coverage without further medical underwriting upon key milestones in life. Moreover, you’ll be able to convert your term insurance coverage into a new savings policy or whole life insurance policy without further medical underwriting.
Singlife Elite Term Benefits
Base Sum Assured
This plan will offer you a lump sum payout in the event of death or upon diagnosis of a Terminal Illness.
Coverage Duration
You'll get to enjoy a wider choice of coverage terms:
- 5 years
- 10 years
- Any yearly interval from 11 years until you're 85 years old
- Up to 99 years old
Affordable Premiums
Premiums start from $20 per month.
Flexible coverage and conversion terms
One of the key features of this term plan is the option to fully or partially convert your basic policy into a new endowment or whole life policy offered by Singlife without any medical underwriting. Upon key milestones in life, you’ll get to increase your sum assured to up to 50% of your basic coverage or up to S$500,000, without the hassle of getting any medical underwriting.
Riders
With 3 types of add-ons to choose from, you can enhance your basic plan with either total & permanent disability rider, critical illness riders or premium waiver riders.
Singlife Term Insurance Claims
Here are 3 simple steps to make a term insurance claim with Singlife:
Check our claims instructions to prepare the necessary forms and documents
Visit https://singlife.com/en/make-a-claim to find out the instructions on how to submit a claim and to understand what are the claim forms to be completed or documents required to review the claim.
Submit your claim documents
Submit the required forms and documents via email to [email protected] with the email subject & Claim Submission: [Policy Number] - [Type of Claim]. After submitting, please keep your original bills for at least 6 months.
For a better payment experience, SGD payments to the Assured (Policyholder) will be credited to the bank account linked to the Assured (Policyholder)'s PayNow-NRIC/FIN. Please check that you have registered for PayNow with your bank, using your NRIC/FIN.
Alternatively, you may submit the physical claim documents to Singlife via post or in person at their Customer Service Centre located at 4 Shenton Way #01-01 SGX Centre, 2 Singapore 068807.
Be reimbursed
Once Singlife has received all the necessary documents and processed the claim, you will receive claim notification via letter or email regarding the successful claim that you’ve made.
If payout via PayNow-NRIC is unsuccessful, you will receive a cheque within 7-10 working days.
How to apply for your Singlife Simple Term insurance plan
Getting your preferred Singlife term insurance plan is a really easy and quick process because it takes less than 10 minutes if you do it online via Singlife's website, or you can speak to your Singlife financial adviser representative to get it done.
Applying for Singlife Simple Term Life through Singlife
Get a Quote
Simply fill in some questions through the quote and buy journey here and you can get an instant quote on the premium based on what you need.
Apply and Purchase your Singlife Simple Term Insurance
Once you have a quote, you are ready to apply for your Singlife Simple Term plan. If you are a Singpass holder, you may use MyInfo with Singpass to complete your application.
Receive your policy documents
You will receive an email with details on your policy.
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Disclaimer
All ages mentioned refer to age next birthday. Terms and conditions apply. Please refer to the respective product’s Product Summary for more details.
Frequently Asked Questions
Can Singlife be trusted?
- As with all insurance companies operating in Singapore, Singlife is regulated by the Monetary Authority of Singapore. Singlife customers are protected by the Policy Owners' Protection (PPF) Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC) – meaning if Singlife goes bankrupt, the PPF will take over your insurance plans and continue to run it.
Can I withdraw from my Singlife account anytime I wish to?
- If you're holding a Singlife Account insurance savings plan, you will not be locked in to the plan and can withdraw your money from Singlife anytime.
Are there any differences between Singlife Simple Term and Singlife Elite Term?
- Yes. Singlife Simple Term is a simpler, straight-forward term life plan, as compared to Singlife Elite Term which is a flexible, customisable, longer and more comprehensive term life plan.
How do I get my Singlife term insurance plan?
- You can get your Singlife term insurance plan via Singlife’s website or you can speak to your Singlife financial adviser representative who will assist you in the application process.
Where do I submit my claim or claims to Singlife?
- You may email to their claims email at [email protected] with a copy of your bank statement/book and a copy of your NRIC/Passport. Alternatively, you may submit the claim form (downloaded from here) and doctor's statement, together with the supporting documents to Singlife via post or in person at their Customer Service Centre located at 4 Shenton Way #01-01 SGX Centre, 2 Singapore 068807.
Do I need to go through medical check-up for my Singlife Simple term insurance?
- You do not need medical checkup for a Singlife Term life. Simply answer a few health questions
Can I cancel my plan after submission?
- You have 14 days from the date you receive your policy to decide whether you want to continue with it.
Can I cancel my policy after the policy is enforce?
- You have 14 days from the date you receive your policy to decide whether you want to continue with it.