09 June 2025
Income Insurance Limited (“Income Insurance”) today announced that its Chairman Mr Ronald Ong will not seek re-election at the upcoming annual general meeting on 24 June 2025.
Mr Ong has been serving on the Board since 2018 and took on the role of Chairman in 2019. He led the company through its transition from NTUC Income Insurance Co-operative Limited to Income Insurance.
Mr Lim Boon Heng, Chairman of NTUC Enterprise Co-operative Limited (“NTUC Enterprise”), the holding entity of a portfolio of charities, impact businesses which include Income Insurance, and financial investments, said, “I would like to thank Ronald for his leadership over the past seven years at Income Insurance. Ronald remains on the NTUC Enterprise Board and will be steering the private investment portfolio within NTUC Enterprise going forward, leveraging his deep expertise, wide network, and strong commitment to create value for customers and shareholders.”
Mr Ronald Ong commented, “It has been an honour to serve on the Board of Income Insurance over the past seven years. I have had the privilege of working alongside a talented and dedicated team, and the experience has been both humbling and rewarding.”
The Board and Management of Income Insurance express its sincere gratitude to Mr Ong for his guidance and steadfast leadership over the years. Under Mr Ong’s leadership, Income Insurance weathered the COVID-19 pandemic, succeeded in corporatisation, and enhanced its digital capabilities.
The Board has begun a succession process to appoint a new chairperson. Further details will be shared at the upcoming annual general meeting.
Income Insurance Limited (“Income Insurance”) today announced that its Chairman Mr Ronald Ong will not seek re-election at the upcoming annual general meeting on 24 June 2025.
Mr Ong has been serving on the Board since 2018 and took on the role of Chairman in 2019. He led the company through its transition from NTUC Income Insurance Co-operative Limited to Income Insurance.
Mr Lim Boon Heng, Chairman of NTUC Enterprise Co-operative Limited (“NTUC Enterprise”), the holding entity of a portfolio of charities, impact businesses which include Income Insurance, and financial investments, said, “I would like to thank Ronald for his leadership over the past seven years at Income Insurance. Ronald remains on the NTUC Enterprise Board and will be steering the private investment portfolio within NTUC Enterprise going forward, leveraging his deep expertise, wide network, and strong commitment to create value for customers and shareholders.”
Mr Ronald Ong commented, “It has been an honour to serve on the Board of Income Insurance over the past seven years. I have had the privilege of working alongside a talented and dedicated team, and the experience has been both humbling and rewarding.”
The Board and Management of Income Insurance express its sincere gratitude to Mr Ong for his guidance and steadfast leadership over the years. Under Mr Ong’s leadership, Income Insurance weathered the COVID-19 pandemic, succeeded in corporatisation, and enhanced its digital capabilities.
The Board has begun a succession process to appoint a new chairperson. Further details will be shared at the upcoming annual general meeting.
