Singlife

insurtechclaimsaggregators / policy management

FOUNDING YEAR: 2014
LOCATION: Singapore
Last Update: 19/01/2021

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About

Reshaping finance to unlock the potential of money for everyone.

MEDICI Analysis

Singapore Life offers life insurance products to retail customers. Its insurance technology platform provides insurance products and savings options for risk-averse people. it makes online life insurance conveniently available to users by offering life products, standalone term insurance with associated riders, investment-linked plans and wrappers, and endowment assurance.

Focus

PRODUCTS & SERVICES

The product offering includes - Term Life:- It allows users to customize their according to their requirement of the coverage. This policy covers major cancers, stroke, heart attack and sudden disability. Universal Life:- It allows them to optimize their wealth portfolio and protect their family at the same time by providing a minimum guaranteed crediting rate. Stay Active:- This program allows them to register themselves on the platform with the existing policies. Therefore they can earn the rewards based on the highest step count. Endowment Plan:- It provides Single Premium Endowment plan which helps them to earn returns with their policy plans after 3 years.

REVENUE MODEL

The company generates revenue by Commissions earned from its Insurance schemes.

MAIN CLIENTS

Retailers & Consumers

EXISTING PARTNERSHIPS

1-Banking Partners -UBS,DBS 2-Auditor partner - EY 3-Actuaries - Milliman 4-Reinsurers - Munich RE

Pacific Life RE

Hannover re 5-Distribution Partner - JLT,PromiseLand,Financial Alliance,Finexis,AAM advisory,PolicyPal

Traction

VALUATION / MARKET CAP:

$333.33 M in 2017

COMPANY TYPE:

For Profit

TRACTION COMMENT:

Singapore life has been approved as a fully licensed direct life insurer by the Monetary Authority of Singapore(MAS), thus making it the first local insurer to be licensed since 1970.(Jun 2017)

company provided insights

Acquisitions

ACQUIREE NAME

YoloPay

ANNOUNCED DATE

Feb 2019

PRICE

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company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

87,922

AVERAGE VISITS (6 MONTHS)

47,670.21

MONTHLY VISITS GROWTH

-13.96%

VISIT DURATION

189

VISIT DURATION GROWTH

32.92%

PAGE VIEWS VISIT

2.57

PAGE VIEWS VISIT GROWTH

-13.8%

BOUNCE RATE

48.21%

BOUNCE RATE GROWTH

-4.58%

GLOBAL TRAFFIC RANK

343,648

MONTHLY RANK CHANGE

-1,175

MONTHLY RANK GROWTH

-0.34%

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