Merger of Aviva with Singlife with combined business valued at S$3.2 billions. It will be the biggest business deal in insurance sector in Singapore. Personally, I view this as a positive news, at least it demonstrates that Singlife has already established a strong foothold here. For more details of the announcement, click here.
With effect from 1 Nov 2020, the interest rate of Singlife Account will be reduced from 2.5% to 2.0% (p.a. on the first S$10K). This is deemed as a negative news for all the policyholders/account holders (me included) but since prior to signing-up the account, I am fully aware that the interest rate quoted is not-guarantee, so future adjustment is expected, just didn't see it coming so fast.
Since my last post on deploying part of my emergency fund to Singlife Account (click here to read more), there have been 2 major announcement related to Singlife, they are:
