Singlife Grow is a newly launched product (investment-linked plan) that is available via the Singlife App. The aim is to allow you to invest and insure directly on your Singlife App. If you have followed my blog, you will know that I stash away my spare cash into the Singlife account for the higher return of 2.0% p.a. as compared to traditional saving accounts or fixed deposits. Singlife has taken the money management game further with Grow.

What is Grow?

Singlife has teamed up with Aberdeen Standard Investments to introduce a investment-linked plan (ILP) called Grow. 3 discretionary managed model portfolios (Conservative, Balanced and Dynamic) are offered under the plan for customers with different risk profiles. As you can see below, the risk profile is based on the percentage allocation of Equities versus Fixed Income. By the nature of the financial instrument, Equities are riskier than Fixed Income (bonds and short term bank deposits)....