Financial services firm Singlife has launched the Singlife Digital Saver, a digital short-term endowment plan aimed at facilitating accessible wealth growth for its customers.
The Singlife Digital Saver, a single premium, non-participating endowment plan, is now available for self-purchase through Singlife’s website. It is designed for digital-savvy individuals looking for a low-risk investment option with market-competitive rates.
Key features of the Singlife Digital Saver include:
“Today’s digital-savvy consumers value the ability to access insurance solutions readily anytime and anywhere. Singlife Digital Saver offers our customers a convenient and hassle-free means to grow their savings and accumulate wealth. With a guaranteed yield, this short-term insurance savings product provides consumers with a low-risk option to complement their existing portfolio, empowering them to achieve their unique vision of financial freedom,” said Clarence Lin, head of digital and transformation at Singlife.
The Singlife Digital Saver can now be purchased directly through Singlife’s website.
Singlife also recently launched Singlife Dementia Cover, which the company claimed to be the first insurance policy in the market specifically designed to provide annual financial support to individuals diagnosed with dementia and other mental health conditions.
The launch also saw Singlife sign a memorandum of understanding with Dementia Singapore, an organisation committed to supporting individuals affected by dementia through care services, advocacy, and training.
The collaboration would enable Singlife to better educate its financial advisors and employees about dementia.
