Get Quotes from Income Insurance Singapore
Affordable, Reliable Coverage from One of Singapore’s Most Trusted Local Insurers
⭐ Overall Rating: 4.5/5
Formerly NTUC Income, Income Insurance is one of Singapore’s most established and community-focused insurance providers. Offering a wide range of life, health, motor, home, travel, and financial planning products, it is widely known for affordability, transparent terms, and strong social responsibility. Its reputation for solid coverage at competitive prices makes it a favorite among locals and young families.
✅ Pros
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Affordable Premiums: Offers some of the most competitively priced life, health, and motor insurance in Singapore.
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Wide Product Selection: Covers life, health, term, accident, hospital plans, home, car, and travel insurance — all under one roof.
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Trusted Local Brand: Over 50 years of experience and strong local roots, with a reputation for fairness and value.
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Integrated Shield Plan (IncomeShield): Comprehensive private healthcare coverage that complements MediShield Life.
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Digital Convenience: Easy online purchase, claims, and policy management via the Income app and customer portal.
❌ Cons
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Limited Global Coverage: Primarily focused on Singapore residents; not ideal for expats seeking international protection.
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Basic Investment Products: Fewer high-end investment-linked or wealth solutions compared to global insurers.
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Longer Call Response Times: Some customers report delays in customer service during peak periods.
💰 Pricing
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Term Life Insurance: From SGD $18/month for basic coverage depending on age and sum assured.
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IncomeShield Health Plan: Starts around SGD $200–$400/year, depending on ward class and riders.
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Motor Insurance: Comprehensive plans from SGD $700/year, depending on car type, NCD, and coverage.
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Travel Insurance: From SGD $15/trip, with customizable plans for leisure, business, or students.
Prices vary based on personal risk profile, age, and coverage needs.
🏆 Final Verdict
Income Insurance is a top choice for Singaporeans looking for affordable, trustworthy insurance backed by a strong local brand. Its value-for-money plans, easy accessibility, and wide coverage make it especially appealing for young professionals, families, and those who want no-frills protection from a reliable provider.
