1. Who is suitable for Singlife Secure Saver VIII?
Singlife Secure Saver VII is suitable for individuals looking for short-term investment with guaranteed returns and capital protection, especially if they would like to utilise their SRS funds.
2. What are the benefits covered under Singlife Secure Saver VIII?
Singlife Secure Saver VIII provides life protection of 105% of your single premium, less any monies owning to Singlife.
3. What are the minimum and maximum ages for Singlife Secure Saver VIII?
If you are investing in Singlife Secure Saver VIII with cash, the life assured can be between age 1 to 75 (next birthday).
If you are investing in Singlife Secure Saver VIII with your SRS funds, the insured must be between 19 to 75 (next birthday).
4. What are the acceptable source of funds for Singlife Secure Saver VIII?
You can pay for the Single Premium payment using your SRS funds, or via Direct Debit, Cheque and bank draft. Credit card payments are not allowed.
* If you’re paying using SRS funds, the Policyholder has to be the Life Assured covered under this policy.
** For third-party policies, you must pay using cash.
5. Is Singlife Secure Saver VIII covered by SDIC?
Yes, the coverage is subject to a maximum of S$500,000 for the aggregated guaranteed sum assured and S$100,000 for the aggregated guaranteed surrender value per life assured per insurer.
6. Is there any medical requirements for Singlife Secure Saver VIII?
No medical examination is needed, it’s a guaranteed acceptance!
7. Is there any additional requirements at Point-of-Sale?
For SGD 250,000 and above, Enhanced Customer Due Diligence Questionnaire is required, along with evidence to support the source of wealth declared.
Information accurate as at 12 Nov 2024. InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser. This advertisement has not been reviewed by the Monetary Authority of Singapore.