Great Deal: Get $30 cash with a new Singlife Grow account

UPDATE: From 27 June 2022, Singlife Grow will be renamed to Singlife Sure Invest. Click here to find out more about the product.

DISCLAIMER: This is not an investment advice.

While this is not a finance blog, I enjoy sharing easy money deals like this! Check out the $288 moomoo deal and $200 DBS Takashimaya deal if you have not!

I shared about Singlife’s insurance savings plan when it came out last year. The interest rate has gone down from 2.5% to just 1% since then, and I decided to withdraw everything from my Singlife account.

What is Singlife Grow?

Singlife Grow’s Investment-Linked Policy (ILP) is a life insurance policy which provides a combination of investment and protection.

NO LOCK-IN
Start investing with a minimum amount of S$1000. Make withdrawals anytime with no lock-in period or any penalty.

DEATH BENEFITS
Be covered against death and terminal illness at the higher of 1) 101% of net premiums; or 2) account value.

SIMPLIFIED PORTFOLIOS
Carefully constructed, closely monitored and rebalanced to achieve intended investment objectives.

Click here for more information about Singlife Grow.

Subscribe to Suitesmile on Telegram
to be the first to know about amazing
deals and travel hacks. It's FREE!
Subscribe

The deal

Get $30 cash credited to your account when you open a Singlife Grow account. Use code XsVLo2Gx during the sign-up process.

Existing Singlife customers qualify too, as long as you do not currently have a Singlife Grow account.

On top of that, get an extra $5 if you request for a free Singlife Debit card!

Click here for the official terms and conditions.

Sign-up process

During the sign-up process, do not click on “skip”. Insert invite code XsVLo2Gx as shown in the screenshot below.

  1. Download the Singlife app on your mobile phone.
  2. Sign up for a Singlife Grow account and use my referral code during the sign-up process: XsVLo2Gx
  3. A minimum deposit of $1,000 is required to open a Singlife Grow account.
  4. You CAN deposit with AMEX True Cashback to receive up to 3% cashback!
  5. Sign-up gift of $30 will be credited to your Singlife account immediately after the Singlife Grow investment portfolio is ‘In Force’.
  6. The $30 credit can be withdrawn to your bank account immediately.
  7. The investment portfolio takes 2 – 4 business days to complete the funding process.
  8. There is no lock-in period to hold the investment portfolio. Withdraw anytime you want.
  9. There is no withdrawal fee.

I personally signed up for a Conservative portfolio with S$1,000 for lower volatility while I try out Singlife Grow. It took only about an hour to sign up and receive the $30 credit in my bank account! 😍

Bottom line

It’s an easy $30 to claim with minimal effort, even for existing Singlife members. Having no-lock in period is always a big plus! 👍

Leave a Comment