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.

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.

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), students in Independent Schools (ISes) who are under MOE’s Independent School Bursary (ISB), as well as students in government-funded Special Education (SPED) schools who are under the SPED FAS. The IFMIS also covers children from Ministry of Education (MOE) Kindergartens (MKs) who are under the Early Childhood Development Agency’s Kindergarten Fee Assistance Scheme (KiFAS), and eligible children who are enrolled in NTUC First Campus' My First Skool.

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.


From 1 July 2022, to be eligible for IFMIS, a student must be:

  1. Enrolled in a MK and is a recipient of KiFAS; or
  2. 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; or
  3. Studying in a local primary, secondary, pre-university or specialised school and is a recipient of the MOE FAS; or
  4. Studying in an IS and is a recipient of the MOE ISB and whose Gross Household Income or Per Capita Income does not exceed $2,750 a month or $690 a month respectively; or
  5. Studying in a government-funded SPED school and is a recipient of the SPED FAS.

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.