Singlife Account

[sohguanh]

hi new to this track ... plz do not mind some basic q

is there any thing on the below that any one may have put up here

Singlife - Single Premium Insurance
2 years tenor
4.1% p.a
Principal return upon maturity
Interest can be paid out yearly

Thanks

This plan is not for public to DIY, best you approach an agent as it is opening very soon. Most agents will ask you put much more than 20k. Why is this so please refer to my earlier post in this thread. It is the whole system setup that all agents need to login midnight and snatch so they will definitely put the higher placement submission first as they may not be able to get all for their clients.

Edit: I got a very honest agent who share their workings on such endowment insurance. She is frank I ok continue give her business for future. Those that like to hide from me how they tan jiak for such strategy will not see my business I can guarantee that.

 

[vsvs24]

This plan is not for public to DIY, best you approach an agent as it is opening very soon. Most agents will ask you put much more than 20k. Why is this so please refer to my earlier post in this thread. It is the whole system setup that all agents need to login midnight and snatch so they will definitely put the higher placement submission first as they may not be able to get all for their clients.

Is this Singlife style of issuing single sum policies ?

GE is more transparent.

 

[sohguanh]

Is this Singlife style of issuing single sum policies ?

GE is more transparent.

No my agent shared it is not unique to Singlife happend to other insurers too! It is the whole system setup that early ppl get it like buy train tickets to Msia on peak holiday concept. Midnight open must faster go in and snatch.

So to solve this issues is to revert to balloting like SSB then agent no incentive to put higher placement as first since may not get it also. Make it balloting is best IMHO but this require a change to the current system insurers are using.

 

[vsvs24]

No my agent shared it is not unique to Singlife happend to other insurers too! It is the whole system setup that early ppl get it like buy train tickets to Msia on peak holiday concept. Midnight open must faster go in and snatch.

So to solve this issues is to revert to balloting like SSB then agent no incentive to put higher placement as first since may not get it also. Make it balloting is best IMHO but this require a change to the current system insurers are using.

To solve this issue, insurers should do it the same as GE. Let customers DIY using agent's link which they then get the commission. Why even ballot.

 

[sohguanh]

To solve this issue, insurers should do it the same as GE. Let customers DIY using agent's link which they then get the commission. Why even ballot.

This I have feedback before I think from insurer they need to ensure some rice bowl for their agent mah else agent eat air? Hence I see Income give some DIY some must go through agent. GE website I go all contact agent this insurer protect their agents rice bowl a lot!

 

[saintgtril]

https://www.myfinancialgo2.com/singlife-aviva-secure-saver/

Hi Nofear40 and everyone here, any idea if this site legitimate or not. Thanks!

 

[Nofear40]

Hi Nofear40 and everyone here, any idea if this site legitimate or not. Thanks!

I am not sure…better to contact Singlife agent
I am getting mine via a legit agent.
I shared that previously as it has all the details and someone is asking for the details. I have the brochure from my agent but a bit hard to share via mobile….

 

[sohguanh]

Hi Nofear40 and everyone here, any idea if this site legitimate or not. Thanks!

I am not sure…better to contact Singlife agent
I am getting mine via a legit agent.

You all should go deep into the workings of agents and advisors. Except for some insurers basically when the insurer open up all (not public retail) can apply. There are quite lot of agents and advisors in Spore so govt also may wanna protect their rice bowl as they also got a family to feed.

After I share how the system works and imagine you are the agent it is no brainer you put your first submission with highest placement. Unless Singlife "reserve" some for their very own agents then is another story.

 

[ekardo]

You all should go deep into the workings of agents and advisors. Except for some insurers basically when the insurer open up all (not public retail) can apply. There are quite lot of agents and advisors in Spore so govt also may wanna protect their rice bowl as they also got a family to feed.

After I share how the system works and imagine you are the agent it is no brainer you put your first submission with highest placement. Unless Singlife "reserve" some for their very own agents then is another story.

That's why you need to have friends who are agent. Not just any agent who wanna be your friend.

 

[sohguanh]

That's why you need to have friends who are agent. Not just any agent who wanna be your friend.

I have one honest agent who share with me how they work else how I share how they work in this forum? There are more but pertaining to this I shall keep it as that. They need to feed family I understand but some issues they cross the line albeit the grey area which I disagree.

 

[gobin74]

Is this Singlife style of issuing single sum policies ?

GE is more transparent.

any similar schemes from GE plz

 

[vsvs24]

They issued a 4% 2 yr in Mar. No new ones for now.

 

[Nofear40]

They issued a 4% 2 yr in Mar. No new ones for now.

Usually once a year right ?

 

[gobin74]

Usually once a year right ?

Any new such plans plz apart from singlife..next week.cheers

 

[Nofear40]

Any new such plans plz apart from singlife..next week.cheers

I mean GE usually launch their endowment plan once a year if I am not wrong

 

[vsvs24]

Usually once a year right ?

As and when they need money.

Looked through my WhatsApp with my GE agent :

Jun 2022 : Great SP Series 7 at 2.3% for 2 years

Sep 2022 : 2.7% for 2 years

Oct 2022 : Great SP Series 9 at 3.38% for 2 yrs

Mar 2023 : Great SP at 4% for 1 yr.

 

[Nofear40]

As and when they need money.

Looked through my WhatsApp with my GE agent :

Jun 2022 : Great SP Series 7 at 2 3% for 2 years

Sep 2022 : 2.7% for 2 years

Oct 2022 : Great SP Series 9 at 3.38% for 2 yrs

Mar 2023 : Great SP at 4% for 1 yr.

Seems that they have a new launch every quarter

 

[vsvs24]

Seems that they have a new launch every quarter

No pattern. 2022 issued more.

 

[vsvs24]

As and when they need money.

Looked through my WhatsApp with my GE agent :

Jun 2022 : Great SP Series 7 at 2.3% for 2 years

Sep 2022 : 2.7% for 2 years

Oct 2022 : Great SP Series 9 at 3.38% for 2 yrs

Mar 2023 : Great SP at 4% for 1 yr.

Went to dig further

Aug 2019 : Great 200 (birthday special) at 2% for 3 years

May 2020 : Great SP Series 2 at 1.8% for 2 years

Aug 2020 : Great SP Series 2 at 1.05% for 1 year

Mar 2021 : Great SP Series 3 at 1.55% for 3 years

Jul 2021 : Great SP Series 4 at 1.3% for 2 years

Oct 2021 : Great SP Series 4A at 1.2% for 2 years

Jan 2022 : Great SP Series 5A at 1.2% for 2 years

Mar 2022 : Great SP Series 6 at 1.68% for 3 years

Jun 2022 : Great SP Series 7 at 2.3% for 2 years

Sep 2022 : 2.7% for 2 years

Oct 2022 : Great SP Series 9 at 3.38% for 2 yrs

Dec 2022: Great SP10 at 4% for 1 yr (1st tranche)

Mar 2023 : Great SP at 4% for 1 yr.

Edited to add in Dec 2022.

 

[Nofear40]

Went to dig further

Aug 2019 : Great 200 (birthday special) at 2% for 3 years

May 2020 : Great SP Series 2 at 1.8% for 2 years

Aug 2020 : Great SP Series 2 at 1.05% for 1 year

Mar 2021 : Great SP Series 3 at 1.55% for 3 years

Jul 2021 : Great SP Series 4 at 1.3% for 2 years

Oct 2021 : Great SP Series 4A at 1.2% for 2 years

Jan 2022 : Great SP Series 5A at 1.2% for 2 years

Mar 2022 : Great SP Series 6 at 1.68% for 3 years

Jun 2022 : Great SP Series 7 at 2.3% for 2 years

Sep 2022 : 2.7% for 2 years

Oct 2022 : Great SP Series 9 at 3.38% for 2 yrs

Mar 2023 : Great SP at 4% for 1 yr.

Thanks for sharing