Singlife currently sells five savings insurance plans in Singapore: Smart Saver for lump-sum growth, Heritage Income and Flexi Life Income II for lifetime income, Steadypay Saver for yearly cash payouts, and Legacy Income for whole-of-life legacy planning. Older products like Secure Saver and Digital Saver are discontinued or closed to new applicants. Here’s what each plan actually guarantees, straight from Singlife’s own product pages.

Not financial advice. All figures are sourced directly from Singapore Life Ltd.’s official product pages. Data verified as at 16 August 2026 — individual product illustrations carry their own accurate-as-at dates, noted throughout this article.

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Singlife’s Savings Plans at a Glance

As at August 2026, Singlife’s official savings insurance page lists five plans open for new applications. Two older products you may have seen reviewed elsewhere — Secure Saver and Digital Saver — no longer appear on that page.

Source: singlife.com/en/savings and individual product pages, accurate as at August 2026.

What Happened to Secure Saver and Digital Saver?

If you’ve read reviews of Singlife Secure Saver VII — a 2-year single-premium plan that once guaranteed 3.40% p.a. — you should know it’s no longer sold. Singlife replaced it with Secure Saver VIII (2.75% p.a. over 2 years) for a while, but that tranche has also closed. As at August 2026, neither Secure Saver’s product page nor a live application link appears on Singlife’s savings hub.

Digital Saver, a short-term endowment offering 2.60% p.a. over 3 years, is in the same position. Singlife’s own page for it currently reads: “Applications for Singlife Digital Saver II are now closed. Stay tuned for our next one!”

This matters because these two plans used to be Singlife’s headline short-term guaranteed-yield products — the ones with a fixed, quotable “X% p.a.” number. In their place, Smart Saver has become the main lump-sum plan, but it works differently: instead of one guaranteed rate, you get 100% capital guarantee plus a non-guaranteed bonus. If you want a fixed guaranteed yield over 2-3 years, your best move is to check Singlife’s promotions page periodically for the next Secure Saver or Digital Saver tranche — these products are typically sold on a first-come, first-served basis and close quickly.

Singlife Smart Saver: Lump-Sum Growth

Smart Saver is Singlife’s flagship savings plan for a single lump-sum goal — retirement, a child’s education, or a legacy fund. You choose a policy term of 10 to 25 years, or all the way to age 99, and pay either a single premium or regular premiums over 3 to 25 years.

The headline feature is the capital guarantee: whatever you get back at maturity is guaranteed to be at least equal to your total premiums paid for the basic plan. On top of that, you may receive non-guaranteed bonuses (Reversionary Bonus and Terminal Bonus) that depend on the performance of Singlife’s participating fund.

Singlife’s own illustration, published in its Smart Saver brochure, shows what this looks like in practice. At an assumed 3% p.a. investment return — the lower of the two rates the Monetary Authority of Singapore (MAS) requires insurers to illustrate — a Smart Saver policy delivers a total payout of 134% of total premiums paid, made up of the guaranteed base plus a $5,235 non-guaranteed bonus. Add the Life Stage Add-on option (turning your plan into Smart Saver Plus) and Singlife’s example jumps to 181% of premiums paid, with a $51,696 non-guaranteed bonus.

Source: Singlife Smart Saver brochure worked example, information accurate as at February 2025 — non-guaranteed bonus rates are reviewed periodically, so ask your Singlife-appointed financial adviser for the current Policy Illustration before committing.

Two useful add-ons: the Legacy Distribution Option lets you split your policy into sub-policies before maturity (once only, each sub-policy needs a minimum guaranteed surrender value of S$100,000), and the Retrenchment Benefit waives up to 12 months of premiums if you’re involuntarily unemployed. We reviewed the full mechanics — including the Secondary Life Assured feature and rider options — in our dedicated Singlife Smart Saver review.

Singlife Heritage Income: Legacy Income Plan

Heritage Income is Singlife’s newest legacy-planning plan, launched in 2026 and available in both SGD and USD. It’s built for people who want a stream of income they can eventually pass on, rather than a single lump sum.

According to Singlife’s official product page, Heritage Income offers monthly or yearly income payouts of up to 6.6% of your Sum Assured, and guarantees you’ll break even — meaning your guaranteed benefits alone match your total premiums paid — from as early as the end of policy year 5. Because Heritage Income is a participating whole life plan, part of that 6.6% is a non-guaranteed cash bonus that depends on how Singapore Life Ltd.’s participating fund performs, so treat it as an illustration rather than a promise.

The plan also supports features aimed at multi-generation planning: smooth policy continuity across generations and the ability to structure payouts around specific life stages. Non-guaranteed bonus rates on plans like this are shaped by industry-wide LIA guidelines, not just Singlife’s own fund performance — more on that later in this guide.

Singlife Flexi Life Income II: Income for Life

Flexi Life Income II pays you every year for as long as you live, once your Accumulation Period ends. The Yearly Income is made up of two parts: a Guaranteed Cash Benefit at 2.2% of your Sum Assured, and a non-guaranteed Cash Bonus at 3% (illustrated at 4.25% p.a. investment return) or 0.9% (illustrated at 3% p.a.) of your Sum Assured. Add those together and Singlife markets the plan as paying “up to 5.2% of your Sum Assured” a year.

There’s also a Booster Bonus of 0.5% or 0.3% of your Sum Assured that kicks in once you turn 60, or 20 years after your first income payout, whichever is later — so the payout is designed to grow over your lifetime, not stay flat.

Unlike the bonus-heavy income figures, Flexi Life Income II also publishes a genuinely guaranteed return: 2.32% p.a., based on a specific scenario Singlife discloses (a 20-24 year-old insured, S$500,000 Sum Assured, 20-year Accumulation Period, 20-year premium term, surrendered at age 99). Your own guaranteed rate will differ based on your age, sum assured, and premium term — this is one figure worth asking your adviser to re-run for your exact numbers.

Your Guaranteed Cash Surrender Value equals your total premiums paid by the end of the Accumulation Period, or by policy year 8-25 depending on your premium term (whichever is earlier) — and it keeps growing at 0.25% p.a. compounded from year 5 after that. Information on this plan is accurate as at June 2026, making it Singlife’s most recently updated income product.

Singlife Steadypay Saver: Yearly Cash Payouts

Steadypay Saver splits your return into two pieces: a yearly guaranteed cash payout while the policy runs, and a lump sum when it matures. From the end of policy year 2, you receive a Guaranteed Cash Benefit equal to 5% of your Sum Assured every year until the year before maturity. You can take that cash out or reinvest it with Singlife at the prevailing non-guaranteed interest rate.

At maturity, the Guaranteed Maturity Value is 160% of your Sum Assured (less any Guaranteed Cash Benefits already paid out), plus any non-guaranteed Reversionary and Terminal Bonus. Singlife’s own example — a non-smoker with a S$60,000 Sum Assured over a 25-year premium and policy term, reinvesting the yearly payouts — works out to a potential return of up to 2.83% p.a., based on the MAS-illustrated 4.25% p.a. rate.

You can choose a policy duration of 12, 15, 18 or 25 years.

Important: Singlife’s published disclaimer on the Steadypay Saver product page states “information is accurate as at August 2022.” That’s over three years old at the time of writing. The mechanics above (5% yearly payout, 160% guaranteed maturity value) come directly from that page, but you should request a fresh Policy Illustration before buying — bonus rates and product terms can change even when a product page isn’t visibly updated.

Singlife Legacy Income: Whole-of-Life Planning

Legacy Income is a whole life plan covering you for up to 100 policy years, with monthly payouts split across 3 income and cash-bonus tiers. Payouts can start as early as the end of the 13th month, and you can change who’s insured under the policy — as long as it’s your spouse or child — up to twice during the term.

Singlife’s brochure walks through two worked examples at an illustrated 3% p.a. return. In one, monthly income (Guaranteed Income plus Cash Bonus) starts around S$128 from policy year 2, rises to S$202 by year 4, and reaches S$229 by year 17. In the other, income starts around S$190 in year 4, climbs to S$297 by year 6, and reaches S$327 by year 19. If the policy runs its full term without a claim, you also receive a Centennial Benefit of 105% of total premiums paid, plus any non-guaranteed Terminal Bonus.

As with Steadypay Saver, Legacy Income’s product page discloses that its “information is accurate as at October 2022” — again, older than the other plans on this list. Treat the specific dollar figures above as illustrative of how the mechanism works, not as current rates, and always request an up-to-date Policy Illustration.

Which Singlife Plan Fits Your Goal

Singlife vs Other Insurers’ Endowment Plans

Singlife isn’t the only insurer running lump-sum and income-style savings plans in Singapore. If you’re shopping around, it’s worth comparing structures rather than just headline percentages, since guaranteed and non-guaranteed splits vary a lot between insurers.

DBS SavvyEndowment, distributed through DBS’s bank branches, is a shorter-tenor single-premium plan more comparable to Singlife’s discontinued Secure Saver series than to Smart Saver. NTUC Income’s endowment plans lean toward regular-premium, longer-tenor structures similar to Smart Saver’s regular-premium option.

Every insurer’s non-guaranteed bonus illustrations follow the same MAS-mandated 3%/4.25% p.a. framework you saw throughout this article — that part isn’t Singlife-specific. What differs is the guaranteed floor (100% of premiums for Smart Saver vs varying structures elsewhere) and how much of the headline “up to X%” figure is actually guaranteed. Read our endowment plan interest rate guide for how these caps apply industry-wide.

Is Your Money Protected? SDIC & Underwriting

All five plans are underwritten by Singapore Life Ltd. and protected under the Policy Owners’ Protection Scheme, administered by the Singapore Deposit Insurance Corporation (SDIC). This coverage is automatic — you don’t need to apply for it — but it has limits, so check the SDIC website or the Life Insurance Association for the exact coverage caps that apply to your policy type.

Remember that “capital guaranteed” in every plan above refers to Singlife’s contractual guarantee under the policy — it isn’t the same as a bank deposit guarantee, and early surrender can still mean getting back less than you put in, since surrender charges apply in the early policy years across all of these products.

FAQ: Singlife Savings Plans

Sources

All figures in this article are sourced directly from Singapore Life Ltd.’s official product pages, fetched 16 August 2026:

• Singlife Savings Insurance Plans — current lineup overview
• Singlife Smart Saver — brochure illustration accurate as at Feb 2025
• Singlife Heritage Income
• Singlife Flexi Life Income II — accurate as at June 2026
• Singlife Steadypay Saver — accurate as at August 2022
• Singlife Legacy Income — accurate as at October 2022
• Singlife Digital Saver — applications currently closed
• Singapore Deposit Insurance Corporation — Policy Owners’ Protection Scheme

This article is independent editorial content from The Kopi Notes. Singapore Life Ltd. has not reviewed or endorsed this content. Consult a licensed Singlife-appointed financial adviser representative before purchasing any policy.