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Singlife clarifies guarantee limits on funds

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Published Mon, Sep 23, 2019 · 09:50 PM

    Singapore

    INSURANCE tech (insurtech) firm Singlife on Monday clarified its marketing collateral for its recently launched Singlife account and debit card promotion to say that the funds in the Singlife account is protected only up to "specific limits".

    Earlier on its website, Singlife had said the funds in each Singlife account are protected up to S$100,000 by the Singapore Deposit Insurance Corporation.

    Monetary Authority of Singapore

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