Singlife Account

[gobin74]

My understanding is this game major flaw is cap at 10k and they have top-up,earning period concept. So if you start to play you put max 10k, first month 3%. The next month then is extra 0.5%
1. Sep top-up 10k. Then put 800
2. Oct your 10k don't get 3.5% it is now earning period so get 3%.
3. Nov you finally get the extra 0.5% for your 10k in Sep. Since cap at 10k, Sep 800 topup no 3.5% think only 1%

You need to withdraw to make it go below 10k. Withdraw too little very fast over 10k as each top-up is 800.

I dunno about you but it is tiring unless they up the percentage more to make it more worth play game.

thanks ....

1) assuming start with 10k in sep
2) when do v need 2 start topping up $800... in Sep/Oct/or Nov ..or on all the 3 months r v expectedto topup $800?
3) on withdrawls how much do v withdraw per month in the above scenario pl

examples makes it easier 2 vrk out things of course as apt

thnx for yr sharing

cheerts

 

[sohguanh]

thanks ....

1) assuming start with 10k in sep
2) when do v need 2 start topping up $800... in Sep/Oct/or Nov ..or on all the 3 months r v expectedto topup $800?
3) on withdrawls how much do v withdraw per month in the above scenario pl

examples makes it easier 2 vrk out things of course as apt

thnx for yr sharing

cheerts

You are correct on 2) no need topup 800. As for 3) I haven't really test it out as the whole game tiring to play. If rates continue to drop I then really test water and share later.

 

[gobin74]

You are correct on 2) no need topup 800. As for 3) I haven't really test it out as the whole game tiring to play. If rates continue to drop I then really test water and share later.

Hi thnx appreciated for. Sharing your experiences....

Can anyone else please chime in and help us understand the modalities of the topups/withdrawals pl

Thnx for your assistance

Cheerz

 

[~sabaisabai~]

Hi thnx appreciated for. Sharing your experiences....
Can anyone else please chime in and help us understand the modalities of the topups/withdrawals pl
Thnx for your assistance
Cheerz

Best is to call singlife help line to get more accurate information

 

[sohguanh]

If I play for 2 months test water I visualize below flow.

Sep 2024. Topup 9975
Oct 2024. 3% x 9975 = 24.60 -> balance 9999.60
Nov 2024. 0.5% x 9975 = 4.10. 3% x 9999.60 = 25.48. Withdraw all left 100 as they need that to give us interest
61 days, 24.60 + 4.10 + 25.48 = 54.18
366 days 9975 capital ~= 3.26% annualized

To play long term maybe start with 800 first slowly build up over the months but when it reaches close to 10,000 you will need to sacrifice last month. Example above for Oct balance 9999.60 no 0.5%.

 

[gobin74]

If I play for 2 months test water I visualize below flow.

Sep 2024. Topup 9975
Oct 2024. 3% x 9975 = 24.60 -> balance 9999.60
Nov 2024. 0.5% x 9975 = 4.10. 3% x 9999.60 = 25.48. Withdraw all left 100 as they need that to give us interest
61 days, 24.60 + 4.10 + 25.48 = 54.18
366 days 9975 capital ~= 3.26% annualized

To play long term maybe start with 800 first slowly build up over the months but when it reaches close to 10,000 you will need to sacrifice last month. Example above for Oct balance 9999.60 no 0.5%.

Cheerszzzz this is a masterstroke from a experienced hand...thnx sir

 

[gobin74]

If I play for 2 months test water I visualize below flow.

Sep 2024. Topup 9975
Oct 2024. 3% x 9975 = 24.60 -> balance 9999.60
Nov 2024. 0.5% x 9975 = 4.10. 3% x 9999.60 = 25.48. Withdraw all left 100 as they need that to give us interest
61 days, 24.60 + 4.10 + 25.48 = 54.18
366 days 9975 capital ~= 3.26% annualized

To play long term maybe start with 800 first slowly build up over the months but when it reaches close to 10,000 you will need to sacrifice last month. Example above for Oct balance 9999.60 no 0.5%.

Thnx for this sir

Oct .. for Oct no topup i am assuming

Nov... Withdraw $100...no topup correct ?

Noob q for Dec can u not say withdraw. Say 2400 from the near 10k amount n add back slowly .say 800 per month ...does that work ?

 

[sohguanh]

Thnx for this sir

Oct .. for Oct no topup i am assuming

Nov... Withdraw $100...no topup correct ?

Noob q for Dec can u not say withdraw. Say 2400 from the near 10k amount n add back slowly .say 800 per month ...does that work ?

Yes Oct no topup becuz test water play 2 months.

For your case use my example and put in your own numbers. E.g replace 9975 with your own.

 

[SantyBalls]

This 1 is army insurance company right?

For those who didnt buy army 1, ord 10yrs can still buy? Haven't rod.

 

[maumu]

This 1 is army insurance company right?

For those who didnt buy army 1, ord 10yrs can still buy? Haven't rod.

this one not insurance lah. any kopitiam uncle aunty also can buy.

 

[reddevil0728]

This 1 is army insurance company right?

For those who didnt buy army 1, ord 10yrs can still buy? Haven't rod.

https://singlife.com/en/faq/mindef-...ub_mindef-and-mha/eligibility-and-application

 

[SantyBalls]

https://singlife.com/en/faq/mindef-...ub_mindef-and-mha/eligibility-and-application

this the 1 ppl all say army 1 very worth it must sign up?

 

[reddevil0728]

this the 1 ppl all say army 1 very worth it must sign up?

cannot just blindly follow.

 

[SantyBalls]

cannot just blindly follow.

cause i might or might not be diabetic depending on how you see it. plus family history so thinking this might be the best to get liao. others would be more troublesome?

 

[reddevil0728]

cause i might or might not be diabetic depending on how you see it. plus family history so thinking this might be the best to get liao. others would be more troublesome?

eh which if the mindef insurance you are looking to get?

 

[SantyBalls]

eh which if the mindef insurance you are looking to get?

got many different ones? my time is aviva.

it's the MINDEF Group Insurance right?

 

[reddevil0728]

got many different ones? my time is aviva.

it's the MINDEF Group Insurance right?

yes singlife is the new aviva.

anyway discuss here https://forums.hardwarezone.com.sg/threads/getting-started-with-insurance.875687/

 

[sohguanh]

Just to share the Singlife top-up bonus promo I play liao but I play top-up 800 each period to check their calculation is same as mine else hit near to 10k need reset which means last two months average about 3.25% only.

I dunno why Singlife wanna cap at 10k and this promo started since last year like no end date so can slowly play. Withdrawal tested is immediate so ok but their mobile app login always asks me set 6 digit pin and their app responsive-ness you need to be patient even the sms OTP you don't type too fast need to slow down.

 

[~sabaisabai~]

Just to share the Singlife top-up bonus promo I play liao but I play top-up 800 each period to check their calculation is same as mine else hit near to 10k need reset which means last two months average about 3.25% only.
I dunno why Singlife wanna cap at 10k and this promo started since last year like no end date so can slowly play. Withdrawal tested is immediate so ok but their mobile app login always asks me set 6 digit pin and their app responsive-ness you need to be patient even the sms OTP you don't type too fast need to slow down.

how does it ok.
let's say I top this month $800. max 10k. Next month I can get 3.5% how about 3rd month? I need to withdraw out so that we can top up $800 again right?

 

[sohguanh]

how does it ok.
let's say I top this month $800. max 10k. Next month I can get 3.5% how about 3rd month? I need to withdraw out so that we can top up $800 again right?

If you only top-up 800 at the start no need withdraw out. Only when it is getting near to 10k over x months of monthly top-up then you need to withdraw out that month no more 0.5% lor or balance out the previous month and the month you withdraw is about each month 3.25%