Singlife Account

M

maple96

Senior Member
Joined
Apr 25, 2017
Messages
2,225
Reaction score
6
sgreview said:
This not the first time Singlife acquires another insurer, back in 2018, this happened:
New insurer Singapore Life acquires Zurich Life Sg and S$6b of coverage
https://www.businesstimes.com.sg/ba...e-acquires-zurich-life-sg-and-s6b-of-coverage

From a newcomer back then to now, these are good signs to show they are serious in expanding their business and aspire to stay and grow in Singapore.
Click to expand...

Just thinking out loud.

So this is a possible cheap source of funds for their acquisition?

Too big to fail?

Many retailers grow too fast, with covid (consequence or cause?) close one by one?
 
Devilsire

Devilsire

Arch-Supremacy Member
Joined
Jan 9, 2007
Messages
11,447
Reaction score
4,181
am wondering... Is Singlife using all such "insurance deposits" to mass acquire other insurers?

Sent from Xiaomi REDMI NOTE 9 PRO using GAGT
 
sgreview

sgreview

Senior Member
Joined
Sep 7, 2018
Messages
832
Reaction score
186
Squaredot said:
It also took me some months to start as I am old school :s13:
have Singlife for a few months now, experience not bad lah
Click to expand...

Same here.. also quite old school! Didn't join at the start, partly also coz my banks were still giving me better rates.. until all nerf one by one, had to "force" myself to try new things.. LOL.. So far so good for me too.. :s13:
 
sgreview

sgreview

Senior Member
Joined
Sep 7, 2018
Messages
832
Reaction score
186
vsvs24 said:
I understand that need to topup $500 to activate the policy. Can I transfer $1 to test the FAST transfer followed by $499 ?
Click to expand...

Yes, I did that too.. Then confirm $1 is in, trf more funds in and did a trf out to test.. LOL.. So tested their system quite fast, not too bad :D
 
D

DenOOO

Senior Member
Joined
Nov 28, 2010
Messages
1,464
Reaction score
374
Devilsire said:
am wondering... Is Singlife using all such "insurance deposits" to mass acquire other insurers?

Sent from Xiaomi REDMI NOTE 9 PRO using GAGT
Click to expand...

They posted on Facebook in June.

"In under 3 months since #SinglifeAccount launched, the amount our customers have entrusted with us has now crossed the S$100M mark!"

Those monies are peanuts, backers like TPG are the ones doing the work. :s13:
 
C

cassowary18

Senior Member
Joined
Jul 17, 2018
Messages
1,802
Reaction score
194
App super buggy. Yesterday I tried to withdraw interest, when I checked my bank account I found double deposit. So I went back to the app and it turns out that I was debited the same amount twice even though I only requested once. So I transferred the amount back.

Luckily, the transferwwas to me and not someone else so I can reverse it. If it was to someone else it'll be a lot more difficult. So always transfer to your own bank account as an intermediary before transferring out to other people.
 
O

Opps-gal

Supremacy Member
Joined
Jun 14, 2007
Messages
8,259
Reaction score
984
cassowary18 said:
App super buggy. Yesterday I tried to withdraw interest, when I checked my bank account I found double deposit. So I went back to the app and it turns out that I was debited the same amount twice even though I only requested once. So I transferred the amount back.

Luckily, the transferwwas to me and not someone else so I can reverse it. If it was to someone else it'll be a lot more difficult. So always transfer to your own bank account as an intermediary before transferring out to other people.
Click to expand...

Don't think can transfer to others. Thought only allow to same name bank account?
 
Seipher

Seipher

Senior Member
Joined
Dec 14, 2004
Messages
576
Reaction score
4
Anyone having issue opening account? After selecting the employment status the error massage shows up. Tried a few times keep seeing the same issue.
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top