Unfortunately, you cannot invest in a downside-protected portfolio if you have not met the CAR (Customer Account Review) criteria.

Effective 1 January 2012, the MAS requires financial institutions to assess whether a retail investor has the relevant knowledge or experience to understand the risks and features of a Listed Specified Investment Product (SIP) before that product is offered to them.

You are assessed to be eligible to transact in Listed SIPs when you fulfil any one of the three criteria based on your educational qualifications, working experience and/or investment experience. As such, it is important that you answer these questions accurately during the online application process.

The CAR criteria will also be met if you have previously completed the SGX Online Education within the past 3 years, and scored above 75% for the assessment (edited) 

If you do not meet the CAR criteria, you can still qualify for all securities by completing the SGX Online Education for listed SIPs.