Announcement

•  Income’s WorkMedic meets the mandatory requirement set out by Ministry of Manpower (MOM). Under the enhanced WorkMedic Insurance, employers are required to purchase and maintain medical insurance for their foreign worker employees with at least $60,000 coverage per year. Income will pay up to a total amount of $15,000 of the total claims admissible under the policy per year and if the total claim admissible per year exceeded $15,000 it will be payable subject to 25% co-insurance.

 

•  We provide coverage for the following features that comply with MOM’s requirement for the enhanced medical insurance in 2 stages:

 

Stage 1 – New policies issued on and after 15 June 2023 or existing policies renewed or extended with effective date on and after 1 July 2023

•  Plan 1 pays admissible claim of up to $60,000[1] with annual limit subject to 25% co-insurance by employers (for admissible claims above $15,000 per year).

•  Co-insurance will not apply for the first $15,000 admissible claim per year.

•  Same premium shall be applicable for up to age 69 years old.

 

Stage 2 – For policies with effective date on and after 1 July 2025. More details will be shared at a later date.

•  Exclusions are in line with MOM’s list of allowable exclusions.

•  Age-differentiated premiums will be introduced for insured employees aged 50 years old and below, and those aged above 50 years old.

•  Admissible claims will be reimbursed to hospital directly subject to policy terms and conditions and benefits limit.

Protect your foreign worker employees with WorkMedic Insurance.

Why you need WorkMedic Insurance?

What does our plan cover?

Where can you get our plan?

Here’s how WorkMedic protects your employees.

Who this is for.

Pick the plan that meets your needs.

Plan 1

Plan 2


Wondering which plan suits your company best? Click here to compare 2 plans.

How much you need to pay.

WorkMedic
Group size Annual premium rate [4] per insured employee (inclusive of 9% GST)
Plan 1 (with 25% co-insurance) Plan 2 (without 25% co-insurance)
1 to 10 $150.42 $279.04
11 to 20 $132.98 $257.24
21 to 50 $128.62 $231.08
51 to 100 $119.90 $203.83

Policy administration

a) For group size of 10 employees and below, the policy will be issued on named basis. Please provide name listing for policy issuance.

b) For group size above 10 employees, policy will be issued on headcount basis. Updated name listing or a copy of the CPF Foreign Worker Levy Statement is required to be submitted.

Your queries answered.

The best deals. Just for you.

Learn more about insurance for businesses.

alt

By providing and submitting the information, I give my consent and agree to Income Insurance Limited, its representative, agents (collectively “Income”) and its third party service provider(s) acting on behalf of Income in collecting, using and disclosing my personal data (including any update that I have given to Income) to contact me for marketing & promotional information relating to products and/or services offered and/or distributed by Income via email, call, and/or text messages/SMS.

I understand that the consent provided by me in this form is in addition to and does not supersede any consent which I may have provided previously in respect of the above purposes, unless my consent is withdrawn and notified to Income. I may withdraw my marketing consent given by email to mk@income.com.sg. Please refer to Income's Privacy Policy for more information, including access and correction of my personal data and consent withdrawal.

If I have notified Income that I am withdrawing my consent, I understand that my request will be effected within 10 days and I will stop receiving marketing messages after 21 days for the selected mode(s) of communication. I agree that I will continue to receive marketing messages via other modes of communication or on specific product(s) or services where my consent has been given to Income unless such consent has been withdrawn.

add
0
https://www.income.com.sg/?success=true
https://www.income.com.sg/?success=false
False
True

loading