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BT EXCLUSIVE

Insurtech offering life insurance, investment returns and layoff benefit rolled into one

Singlife account comes with retrenchment payout tied to debit card spending and market-beating rate on funds; CEO targets 100,000 sign-ups in six months

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Despite Singlife's expanding reach into other areas of financial services, Mr de Oude is adamant he does not want it to be seen as a digital bank. BT PHOTO: YEN MENG JIIN

Singapore

SINGAPORE insurance tech (insurtech) company Singapore Life is launching a hybrid product that combines savings, endowment insurance and layoff benefits.

One of its key unique features is the embedding of a retrenchment benefit into an account that allows customers to...

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