Singlife
Technology-enabled life insurance and financial services carrier serving APAC markets, owned by Sumitomo Life Insurance.
Overview
Singlife is a direct-to-consumer digital life insurance and financial services carrier headquartered in Singapore. Formed through the merger of Aviva Singapore and Singlife in 2015, the company has established itself as a technology-forward carrier offering comprehensive life insurance, medical, critical illness, general insurance, and investment products across APAC. The company emphasizes digital-first distribution and AI-enabled customer service, with over 1,200 employees operating from its consolidated headquarters at Marina One in Singapore.
Singlife operates on a direct-to-consumer and digital advisory model, leveraging cloud-based infrastructure and proprietary digital platforms including MySinglife (customer portal), Singlife Online for advisers, and a mobile-first quotation system (PocketSQS). The company integrates artificial intelligence into underwriting and customer service operations; in 2025, it deployed an AI agent for customer service handling and partnered with Microsoft on generative AI applications. Singlife reports 94% first-contact resolution rates and maintains 73% customer satisfaction ratings.
In December 2023, Japan's Sumitomo Life Insurance Company acquired Singlife and invested USD 200 million in capital, significantly expanding the company's funding base to over USD 319 million total and positioning it for APAC expansion. Singlife operates as a fully licensed insurer across multiple jurisdictions and has extended its presence into the Philippines, where new business and customer growth reached 23% in 2025.
Products & Services
Life Insurance
Term life insurance, Indexed Universal Life, whole life products, group schemes, and CareShield coverage options.
Medical & Health Insurance
Medical insurance, critical illness coverage, disability insurance, maternity, and accident protection.
General Insurance
Auto, home, and travel insurance products.
Investment & Retirement Solutions
Singlife Account savings product (up to 3.0% annual return), Investment-Linked Plans (ILPs), retirement planning solutions (Flexi Retirement II), multi-currency investment (dollarDEX), and wealth management via subsidiary GROW with Singlife.
Digital Advisory Platforms
PROPEL with Singlife (launched January 2025) — a shared services platform for financial advisory firms, which won "Insurtech Initiative of the Year - Singapore" at the Insurance Asia Awards (July 2025).
At a Glance
- Founded
- 2015
- Headquarters
- Marina One, Singapore
- Employees
- 1000+
Category & Focus
Last updated: 2026-06-17