Company Profile
Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.
In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.
Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.
The merger of Aviva Singapore and Singlife was announced in September 2022 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time.
Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan’s leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.
Corporate Social Responsibility and Sustainable Development
As both an insurer and investor, Singapore Life Holdings Pte. Ltd. recognises the importance of understanding and managing both the physical and transition impacts of climate change on our business. Singapore Life Holdings Pte. Ltd. aims to create long term sustainable value for stakeholders by embedding sustainable practices in its operations and investment approach. Singapore Life Holdings Pte. Ltd. will continue to refine its strategic asset allocation so that it incorporates newer investments from sustainability focused managers, as well as commit to its entire portfolio being reviewed and measured daily against key sustainability objectives.
Moving forward, Singapore Life Holdings Pte. Ltd. will transition its business towards fully sustainable, carbon neutral operations, while leveraging on its broad distribution network to build important financial literary skills and sustainability awareness for its customers and the wider community.