Please ensure you have read the Income Support Schemes information and understood which schemes you are eligible for, before proceeding to submit the form.
Group E – SME Corporate customers who are facing cash flow and financial liquidity difficulties caused by the Covid-19 pandemic
Eligibility
Note: An SME is a company with:
- An annual sales turnover of up to S$100m; or
- Up to 200 workers.
Scheme 7 – Special Instalment Payment Program for Corporate Business Plans
| Eligible Group Business Plans | Eligible Motor Insurance Plans | Eligible Commercial Lines Plans |
| Medical insurance (e.g. Inpatient & Outpatient, including riders if any) | Motor Fleet | Property, Liability and Casualty Insurances |
| Life insurance (e.g. Group Term Life, including riders if any) | Commercial Vehicles | Marine Hull & Cargo |
| Annual Personal Accident insurance (e.g. Group Personal Accident & Group Travel Insurance | Bus Insurance |
By providing the information and submitting this application, I/we give my/our consent to NTUC Income Insurance Co-operative Limited, its representative, agents (collectively “Income”), relevant third parties, referred to in Income’s Privacy Policy which can be found at http://www.income.com.sg/privacy-policy and /or appointed distribution partners to collect, use, and disclose the information (including any updates) for the purposes of processing and administering this insurance application or transaction, providing me with financial advice and/or recommendation on products and services, managing my relationship and policies with Income including research and data analytics, and in the manner and for the purposes described in the Income’s Privacy Policy.
Where personal data of a third party (for example information of my spouse, child, ward, parent or employee) is provided by me/us, I/we represent and warrant that I/we have obtained the consent of the third party to provide you with their personal data for this application or transaction.
The consent provided by me in this submission 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not supersede any consent which I may have provided previously in respect of the above purposes, unless my consent is withdrawn and notified to Income.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 above consent by contacting Income Contact Centre at 6788 1777 or emailing to consentwithdrawal@income.com.sg.
Please refer to Income’s Privacy Policy for more information, including access and correction of my personal data and consent withdrawal.
Note: We will not be updating your contact particulars (i.e. address, contact number and email) indicated in this form if it is different from your existing individual policyholder’s records with us. Please notify us separately by accessing me@income to update your contact particulars. Thank you.
The precise terms, conditions and exclusions of the insurance plans referred to above are specified in the respective policy contract. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance advisor. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. These plans do not have any cash value.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Income or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as at 21 September 2020
Your queries answered.
Why has Income extended the application deadline for its support schemes to 2021?
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.
Can I apply for more than one Support Scheme?
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
Where can I find more information about the Income Support Schemes?
Customers can visit income.com.sg/support-scheme to find out more about the Income Support Schemes.
Can I exchange the complimentary coverage for cash or other gifts?
No, the Support Schemes are not exchangeable for cash or any benefits-in-kind.
What if I don’t qualify for any of the Support Schemes?
Find out more about exercising other options within your policies to further ease your cash flow.
Print all queries
