Income Insurance

Programme for Income Insurance shareholders to sell shares relaunched

The Liquidity Program for Income Insurance Shares lets eligible Income shareholders sell their shares for cash

CLI’s Patricia Goh says the company won the Income mandate due to its local presence, tenant relationships, and track record in buying, managing and selling assets across sectors.

CapitaLand Investment expects more big mandates after S$2.4 billion Income Insurance win

Under new mandate, CLI will oversee insurer’s portfolio and refresh assets through deals

CLI says it will use its portfolio management capabilities to "enhance the performance of Income Insurance's real estate assets in Singapore".

CapitaLand Investment to manage Income Insurance’s S$2.4 billion real estate investment portfolio

Including the new mandate, CLI has completed ‘over S$12.1 billion’ in Singapore deals in the past 16 months

While out-of-pocket costs may increase, insurers say that they remain predictable and manageable.

New IP riders kick in with lower premiums, but higher out-of-pocket costs

Insurers are adjusting product features in response to the new framework

New riders to be sold will differ in their coverage, with some covering only up to public hospital stays and some including private hospital stays as well.

New IP rider premiums to cost at least 30% less, with one insurer offering an 84% reduction

All seven insurers will be launching new Integrated Shield Plan rider products by Apr 1

Dhipaya Insurance's managing director Somporn Suebthawilkul (left) with Andrew Yeo, Income Insurance chief executive.

Hive by Income to help roll out bite-sized insurance in Thailand

Dhipaya Insurance hopes to expand access to insurance among younger consumers

If insurers need to make a course correction, they should apply their new rules/premiums to new policies.
LETTER TO THE EDITOR

The Integrated Shield Plan is broken

I REFER to the article, “For Integrated Shield Plan insurers, raising premiums should be a last resort”. (BT, Jun 24) But as the French would say, it’s “au contraire”.

Income's total assets grew 2.5 per cent on the year to S$43.4 billion for the financial year ended Dec 31, 2024. Its net asset value per share for the period was S$31.97.

Income Insurance to explore other share liquidity options after scuppered Allianz deal: departing chairman Ronald Ong

The board has proposed that lead independent director Joy Tan to take over as chairman, subject to her re-election and regulatory approvals

Allianz withdrew its pre-conditional voluntary general offer on Dec 16, 2024, after Parliament passed the Insurance (Amendment) Bill under a Certificate of Urgency on Oct 16, 2024.

MAS turns down ex-NTUC Income CEO’s request to meet chairman Gan Kim Yong over Allianz matter

It says the proposal by the German insurer to buy a controlling stake in Income has already been debated in Parliament