Singlife: Best Insurtech Singapore 2020


Singlife has evolved from being Singapore’s leading fintech insurer into a champion of financial freedom, helping clients manage their finances with smart tech and mobile solutions. Singlife’s digital insurance model features automated efficiencies that deliver convenience and economies. The company has also embraced that same digital focus to help clients manage their money. It challenges both traditional banking and neo-banks with the Singlife Account, an insurance and savings plan where account balances of more than S$500 (about US$350) earn up to 2.5 percent returns p.a. The account comes with a Visa debit card and no-fee withdrawals, ensuring easy access. Customers can apply for term life, critical illness and cancer insurance plans via Singlife’s online portal or digital app — and receive a response instantly. Coverage plans include lump-sum pay-outs to be spent, at the client’s discretion, on medical expenses or incidental income loss. Singlife encourages prospective clients to visit its website or speak with one of its third-party financial advisers to customise coverage. Singapore ranks as one of the world’s preferred offshore wealth-management hubs, and Singlife has developed a legacy planning portfolio to serve the needs of high-net-worth clients. It tailors solutions with the aim of building and preserving wealth over generations. Singlife is secured, licensed and accredited by the Monetary Authority of Singapore and the Singapore Deposit Insurance Corporation. The judging panel declares Singlife winner of the 2020 award for Best Insurtech (Singapore).

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