Scheme 1 - Premium assistance for Enhanced IncomeShield Basic and C Plan, IncomeShield Standard, B and C Plan
Scheme 2 – Complimentary Basic Temporary Protection plan
Scheme 3 – Low-cost Temporary Protection plan
Scheme 5 - Up to Six-months Deferment of Premium Payment for Customers with Individual Life or Health Policy
Scheme 6 - Special Instalment Payment Program for Customers with Individual General Insurance Plans
Your queries answered.
The threat of COVID-19 remains and its impact on the economy is unlike anything we’ve seen before. As all of us adjust to a new norm in our lives, many have fallen on hard times and are trying to cope with their circumstances – socially and financially. It is important to us that our customers are able to sustain their insurance commitments and cover even in difficult times.
We have therefore extended our support schemes application deadline for life and health insurance plans to 31 March 2021, and for general insurance and corporate business plans all the way to 31 December 2021, so that more policyholders can continue to get the support they need.
Customers whose motorcycles are registered for delivery business can also continue to enjoy a 20% discount on motorcycle insurance premiums up to 31 March 2021.
Yes, you can apply for more than one Support Scheme as long as you meet the eligibility criteria of each scheme. However, a customer who falls under Group A will not be eligible for the Support Scheme that is eligible for Group B customers
Customers can visit income.com.sg/support-scheme to find out more about the Income Support Schemes.
No, the Support Schemes are not exchangeable for cash or any benefits-in-kind.
Find out more about exercising other options within your policies to further ease your cash flow.
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