Singlife Cash for Goals
Singlife Cash for Goals is both a life insurance and investment product. It is designed to maximize the earning potential of your money to help you achieve your life goals while providing insurance protection.
Jump to:
- Eligibility
- Benefits
- Purchase Singlife Cash for Goals
- Claims, Withdrawals, and Cancellations
- Contact Singlife
Eligibility
You are eligible for this product if you fulfill the requirements below:
- 18-55 years old and in good health
- A Filipino citizen or a legal resident of the Philippines
- Fully Verified GCash account
- In the Philippines when you purchased the Policy
Benefits
Grow your money faster
There are no entry fees (including commissions) so that 100% of your money is invested. The bigger the investment, the bigger the returns. The bigger the returns, the faster you reach your goals.
Insurance Protection
In case you pass away, your beneficiaries will receive a benefit no lower than 125% of the premiums paid less 125% of withdrawals made.
Gives you full control of your money
Needs are always changing, that’s why there is no lock-in period. You are highly encouraged to commit to your goal, but if there is an urgent need to withdraw your money, you can do so with zero charges. There won’t be an extra charge for missed payments, too!
Easily stay on track (and be rewarded for it!)
Tracking your financial goals is easier with our prescribed payment plan, through the auto-debit feature. Funds are automatically transferred from your GCash wallet to your investments every month, which can start for as low as PHP 500 for the initial payment and scheduled monthly payments. If you stay on track with your goals and reach the target goal date, you’ll receive a bonus!
Note: The Target Goal Date for your Singlife Cash for Goals policy is the date when you should expect to achieve your goal. For this product, it will be 6 years after you have fully paid your monthly payments. For example, if you select to pay for 5 years, your target goal date will be set at the 12th year.
Purchase Singlife Cash for Goals
Payment
The minimum payment you can make for Singlife Cash for Goals is PHP 500, may it be for the initial payment (or Single Premium), any voluntary additional or scheduled monthly payments (or Top-Up Premiums). The initial payment and scheduled monthly payments will depend on the amounts you selected when you purchase the product.
Note: If you are not able to pay your monthly payment on its due date, Singlife will make several attempts to deduct your monthly payments up to 14 days from the due date.
You are highly encouraged to avail of one of the two Top-Up Premiums to help you reach your goal. It can either be as a Voluntary Additional Premium for whenever you want to make additional payments to help in reaching your goals faster or by paying regularly through a Scheduled Monthly Premium by auto-deduction from your wallet.
| Scheduled Monthly Payment | This is the scheduled monthly premium payment you make. Funds will be automatically deducted from your GCash Account on the provided scheduled dates based on your selected payment plan. |
| Voluntary Additional Payment | This is the additional premium payment that you can make at any time through your GCash App. Payments can start after the first 15 days of purchasing your policy. |
Note: You only need to pay for the initial payment to buy Singlife Cash for Goals. However, this payment may not be enough to reach the amount you wish to have for your goal.
Voluntary Additional Payment
This helps you reach your goal faster. It is also possible to avail this kind of payment in case you miss a scheduled monthly payment so that you will still be on track with your payment schedule.
- On your GCash dashboard, tap GInsure
- Select “My Insurance”
- Select your Policy
- Under the Services tab, tap “Invest More”
- Slide the vault
- Input your desired amount*
- A confirmation page will appear when successful
Note: The minimum payment is PHP 500. Your additional payment will be invested into your fund within 3-5 business days.
In order for you to know if you need to make Voluntary Additional Premiums other than the Scheduled Monthly Premiums, you may track the performance of your fund in relation to the goal you have set in the Policy Page in your GCash App.
Note: You cannot adjust your scheduled monthly payments, but if you wish to invest more or make additional payments on top of your scheduled monthly payment, you can always make a voluntary additional payment.
If you want to stop the scheduled monthly payment, you may do so by contacting a representative via:
Email: help@singlife.com
Hotline: +632-8626-3289
In case you pass away at any time while your policy is active, your beneficiaries will receive the higher payout of either:
- 125% of the premiums paid – 125% of the partial withdrawals made; or
- 105% of the Available portion of your Current Investment Value at the time of notice of your passing
The allocation of your payments will depend on the investor profile you have selected:
| Investor Name | Type of Investor |
| Mary | A first-time investor who wants to start dipping into the investing pool. Mary will invest 90% of your money to Singlife Smart Investment Fund and 10% to Singlife Global Growth Fund |
| Erica | A regular investor who wants to achieve a balance of risk and return. Mike will invest 50% of your money in Singlife Smart Investment Fund and 50% in Singlife Global Growth Fund |
| Mike | An experienced investor who knows how the investment market works. Erica will invest 20% of your money in Singlife Smart Investment Fund and 80% in Singlife Global Growth Fund |
Your money will be invested toward any of the following funds:
| Singlife Smart Investment Fund | Fund managed by the fund manager, ATRAM. This Fund aims to generate positive returns by actively managing the allocation of each fund depending on their performance. The allocation of each fund can range from 0% to 100%, as long as the total allocation is 100%. The fund manager also has the option to use alternate funds not in the pool up to a maximum allocation of 10%. |
| Singlife Global Growth Fund | An actively-managed fund that seeks to generate long-term positive returns by investing in a diversified portfolio of equity securities in markets throughout the world, including major developed and emerging markets. |
Claims, Withdrawals, and Cancellations
Claims
In order to begin the claims process and receive the benefits of your insurance, access Singlife's Claims & Support link then input the necessary information and documentation.
Withdrawals
You can withdraw from your Available Units starting 15 days after you purchased your policy, with no charges. However, currently, only full withdrawals of your current investment value are available. Partial withdrawals will be available soon. Withdrawal of your entire investment will result in the termination of your policy and you will not be able to achieve your life goal anymore.
Withdrawals are currently unavailable in the GCash App. To withdraw your funds immediately, you may contact a representative via:
- Email: help@singlife.com
- Hotline: +632-8626-3289.
After the request has been sent, it will take 3-5 business days before the amount is credited to either your GCash wallet or your chosen bank account.
Cancellation
You can cancel your policy through your GCash App. You can cancel your policy within 15 days from purchasing your policy. Your refund will depend on when you cancel your policy if you cancel:
Within 24 hours from purchase, a full refund will be awarded.
After 24 hours from purchase and within the free-look period, you will be refunded the fund value using the next business day’s unit price plus any charges deducted.
To cancel your policy go to the Policy Page and go to services tab and click cancel.
Contact Singlife
You may reach out to Singlife for further assistance via:
Email: help@singlife.com
Hotline: +632-8299-3737 (Monday-Sunday, 9:00 AM-9:00 PM)