Singlife Account

[loveboon]

Hi all Sifus - other then checking our account balance through mobile app, will we get any official statement from Singlife? I just joined last month, just wonder if there's any official statement for our account. thanks.

I get a monthly e-statement from Singlife stating the interest earned for that month.

 

[reddevil0728]

Asking is free.

It is. But if others aren’t doing or are doing it, but doesn’t suit / does suit your objective, doesn’t mean you should or shouldn’t do it.

 

[slapshocked]

It is. But if others aren’t doing or are doing it, but doesn’t suit / does suit your objective, doesn’t mean you should or shouldn’t do it.

Understood that Sir. Im asking for opinion, see if anyone does it. Thank you for the reply.

 

[reddevil0728]

Understood that Sir. Im asking for opinion, see if anyone does it. Thank you for the reply.

erm that isn't an opinion? but rather more of a fact? There will sure be people who are doing it and those who aren't. is there a 2nd part to the question?

 

[jamesloh777]

no statements. u can log online to see also.

I get a monthly e-statement from Singlife stating the interest earned for that month.

thanks bro - will wait for that.

 

[Icychemist]

This should be the rebalancing. I started few days but already seeing the selling too. Should just look at the overall.

The rebalancing ensures your portfolio remains both relevant to and consistent with the current investment environment and its risk profile. The asset manager is responsible for the portfolio rebalancing. The rebalancing will be effected through buying or selling of respective ILP sub-fund(s) to achieve the target allocation. There is no action required of you. The asset manager may initiate rebalancing to reflect a revised asset allocation view or to take advantage of any market mispricing.

ahh, thanks for the information ! I was wondering how come mine has withdrawal status as well when I did not make any withdrawal. Contacted the singlife whatsapp but didn't get a reply as well. thanks! i shall continue to keep track over the next few days.

 

[slapshocked]

erm that isn't an opinion? but rather more of a fact? There will sure be people who are doing it and those who aren't. is there a 2nd part to the question?

Okie thank you your welcome.

 

[meekiatah]

Precisely. Facing the same issue as you since 19/12. Was working well before that. If they can support otp via email or voice call, won't have so much frustration.

Posted from PCWX using XIAOMI 10 ULTRA

In the end, I told Singlife to change my account login number. Did a simple phone verification and it was updated shortly. Now, I'm able to receive otp on the new number. Not an ideal solution, but it works and that's most important. Still don't what's wrong with my old number that's causing me not to receive otp.

Posted from PCWX using Mi 10 Ultra

 

[slapshocked]

In the end, I told Singlife to change my account login number. Did a simple phone verification and it was updated shortly. Now, I'm able to receive otp on the new number. Not an ideal solution, but it works and that's most important. Still don't what's wrong with my old number that's causing me not to receive otp.

Posted from PCWX using Mi 10 Ultra

hows the service? good? btw is singlife backed by sdic?

 

[reddevil0728]

hows the service? good? btw is singlife backed by sdic?

Sometimes their tech can be wonky.

The Singlife Account is protected up to specified limits by the Singapore Deposit Insurance Corporation.

Singapore Life Pte. Ltd. (Singlife) is a registered member of the Policy Owner’s Protection Scheme. The PPF Scheme protects policy owners in the event a life or general insurer which is a PPF Schema member fails.

The PPF Scheme provides 100% protection for the guaranteed benefits of your life insurance policies up to the applicable caps. Coverage for your policy is automatic and no further action is required from you.

The PPF Scheme is administered by the Singapore Deposit Insurance Corporation (SDIC). To find out more, click here.

https://singlife.com/manage/insurance-benefits/

Under faq

 

[slapshocked]

Sometimes their tech can be wonky.

The Singlife Account is protected up to specified limits by the Singapore Deposit Insurance Corporation.

Singapore Life Pte. Ltd. (Singlife) is a registered member of the Policy Owner’s Protection Scheme. The PPF Scheme protects policy owners in the event a life or general insurer which is a PPF Schema member fails.

The PPF Scheme provides 100% protection for the guaranteed benefits of your life insurance policies up to the applicable caps. Coverage for your policy is automatic and no further action is required from you.

The PPF Scheme is administered by the Singapore Deposit Insurance Corporation (SDIC). To find out more, click here.

https://singlife.com/manage/insurance-benefits/

Under faq

Tq Sir, missed on this in FAQ. Will go through FAQ again.

 

[meekiatah]

Yes, and to add to that, their CS only work on weekdays. So if you have any issue on weekends, just suck thumb and wait for Monday. And, i only contact them via WhatsApp. Reply is not instant and can be a few hours before you get one.

Posted from PCWX using XIAOMI 10 ULTRA

 

[pathfinder6]

Yes, and to add to that, their CS only work on weekdays. So if you have any issue on weekends, just suck thumb and wait for Monday. And, i only contact them via WhatsApp. Reply is not instant and can be a few hours before you get one.

Posted from PCWX using XIAOMI 10 ULTRA

Wasn't able to receive OTP last night (ported from Giga to MyR last Dec) but seems to work now.

Side note - unable to receive OTP for gpay as well zzz.

 

[Icychemist]

ahh, thanks for the information ! I was wondering how come mine has withdrawal status as well when I did not make any withdrawal. Contacted the singlife whatsapp but didn't get a reply as well. thanks! i shall continue to keep track over the next few days.

Back with the latest update.

Their staff just called me and explained.

Turn out it is not the portfolio re-balancing. According to her, the withdrawal is actually the quarterly fee. Similar to the interest for its SAVE account, the quarterly fee for GROW account is calculated on a daily basis and then charged every Quarter - on Mar, Jun, Sep and Dec.

In this case, I guess that explains why many of us sees the 'withdrawal' statement in our GROW account since a quarter has just ended.

 

[KenQuek]

Yup. Total 3 grow accounts, 1 back in Nov. 2 within the Dec period. Although overall is getting 4% but still find it weird why it being withdrawn without me requesting for it.

4% is average returns of all 3 low/mid/high risk portfolio?

Hmm really average return nia leh, as in nothing spectacular.

 

[duhduhduh]

Did the interest rate drop?

Sep - 19.95
Oct - 20.34
Nov - 18.76
Dec - 16.35

 

[reddevil0728]

Did the interest rate drop?

Sep - 19.95
Oct - 20.34
Nov - 18.76
Dec - 16.35

2% since nov

 

[dappermen]

After putting into singlife, what if u stil hve extra cash (some of u damned rich) then can grab angbao of 0.076 from uob with this

Xiao!!!!!! Dont u thk so? these banks

https://www.uob.com.sg/personal/save/promotion/casapromo.page

 

[1993newbie]

Did the interest rate drop?

Sep - 19.95
Oct - 20.34
Nov - 18.76
Dec - 16.35

16.81 for me

 

[Cumzilla]

After putting into singlife, what if u stil hve extra cash (some of u damned rich) then can grab angbao of 0.76 from uob with this

Xiao!!!!!! Dont u thk so? these banks

https://www.uob.com.sg/personal/save/promotion/casapromo.page

what u mean 0.76? 0.76% pa? where got 0.76%. Need to hold for 4months for the increment which translate to only $9.50/month for the lowest tier, EIR only 0.228%, correct me if i am wrong...