1. /OrangeAid/Initiatives/IFMIS
  2. /OrangeAid/Initiatives/IFMIS


Income Family Micro-Insurance Scheme (IFMIS)

An insurance scheme developed to offer financial support to eligible children and youths from low-income families in times of crisis.

Who it covers

IFMIS covers eligible students who are studying in a local primary, secondary, specialised school or pre-university institution and receiving assistance under the Ministry of Education Financial Assistance Scheme (MOE FAS). The IFMIS also covers eligible children who are enrolled in NTUC First Campus' My First Skool.

There are four specialised schools in Singapore and they are Assumption Pathway School, Crest Secondary School, Northlight School and Spectra Secondary School.

Income understands that families, especially from low-income backgrounds, are often the hardest hit when a parent or guardian of children and youths becomes seriously ill, suffers a permanent disability or dies. This is especially so when the parent or guardian is the sole breadwinner of the family. In times of crisis, these school-going children and youths may have to drop out of school due to the financial challenges that they face.

Income believes education levels the playing field for all and is an effective driver for social mobility. Thus, by stepping up to offer tangible support to vulnerable families in times of need through IFMIS, Income continues to champion education for youth-in-need.

What it provides

In the unfortunate event of death or total and permanent disability (TPD) of a parent or guardian, IFMIS offers a pay-out of $5,000 to help the family cope financially during this difficult period, upon approval of the claim.

We have extended IFMIS coverage to now include COVID-19 benefits until 31 December 2020, which provide the insured person a cash pay-out of $200 per day of hospitalization in a public hospital in Singapore due to COVID-19, for up to 30 days. The claim is payable upon the first day of diagnosis.


To qualify for IFMIS, a student must be either studying in a local primary, secondary, specialised school, or pre-university institution and is a recipient of the MOE FAS or enrolled in NTUC First Campus’ My First Skool and whose Gross Household Income or Per Capita Income does not exceed $4,500 a month or $1,125 a month respectively. The insured, who is either the parent or guardian of the eligible child or ward respectively, must be aged between 16 and 65 years old (age next birthday). IFMIS allows each eligible family to submit only one claim per calendar year.