Singlife, CIMB Singapore extend partnership for SME protection

The initiative aims to reach at least 30,000 retailers through its partner network.

Singlife has expanded its partnership with CIMB Singapore to strengthen financial protection and operational resilience for small and medium-sized enterprises (SMEs).

The two companies signed a contract on 19 November 2025 that will allow Singlife to offer embedded insurance solutions under CIMB’s SME Resilience Circle.

The SME Resilience Circle is CIMB’s ecosystem programme designed to support SMEs in Singapore and the region. 

The initiative aims to reach at least 30,000 retailers through its partner network.

As part of the partnership, Singlife will explore embedding insurance offerings for SMEs, including mandatory protection such as Work Injury Compensation Act coverage and employee benefits programmes. 

The collaboration also aligns with CIMB’s FlexiPay facility, a working capital loan with repayments that adjust automatically to a business’s daily revenue. FlexiPay is currently available to CIMB’s commercial banking clients, with plans to assess availability for Singlife’s clients.