NTUC Income to corporatise in an attempt to sharpen its competitive edge

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"Income remains committed to driving financial inclusion via more comprehensive and accessible insurance innovations, as well as initiatives that build social inclusion."

There will be no change to Income's organisational structure or business operation. For current policyholders there is also no change to their existing policy coverage, benefits and terms. Distribution channels and business partners are expected to continue on the same contractual terms following corporatisation.