Singlife Philippines has launched the Singlife Super Boost Programme, a new life insurance initiative that allows customers to earn up to 15% per annum in net interest on their Singlife Account, with interest earnings credited monthly.
The Singlife Super Boost Programme is open to both new and existing customers who secure policies through the Singlife Plan & Protect App or the Singlife Shop.
To qualify, customers need at least one active policy, with interest earned calculated daily and credited monthly to their Singlife Account.
For account balances up to PHP 500,000, customers can earn a 5% per annum net interest rate.
Balances exceeding PHP 500,000 but not exceeding PHP 1,000,000 will earn a 2% per annum net interest rate.
The programme offers additional benefits through its tiered structure.
Customers can double their interest earnings up to 10% per annum with active policies like Protect from Emergency and Protect Your Goals (including variants such as Savings, Education, and More Goals).
Further engagement with other insurance and investment products, like Protect from Medical Costs or the 100-in-1 Medical Plan, can increase interest earnings to a maximum of 15% per annum.
For those who top up their Protect Your Goals policy by at least PHP 500, the programme offers a triple interest boost in the first month, rewarding customers with 15% per annum interest equivalent.
However, customers must maintain active policies without any lapses or cancellations from the previous month to enjoy these benefits.
It’s important to note that the 2x and 3x Boost interest earnings are capped at PHP 1,000 per month for account balances exceeding PHP 120,000.
These additional earnings will be credited as insurance credits, which form part of the Singlife Account balance but do not earn interest and are not withdrawable.
Regulated by the Insurance Commission, Singlife Philippines offers customers a combination of savings, protection, and investment options.
Featured image credit: Edited from Freepik
