Swiss Life - NTUC Income

Established in 1970.
Singapore’s only mutual insurance company.
Rated “AA-” by independent credit ratings agency Standard & Poor's, and as such one of the strongest financial institutions in Singapore and the region.
Total premium income in 2008 increased by 8% to SGD 2.7 billion (USD 1.9 billion).
Total assets in 2008 amounted to SGD 19.9 billion (USD 14.3 billion).
Market share for new life insurance business was 14.8% in weighted premium in 2008.
Market share in 2008 for general insurance was 11.6%. The general insurance business amounted to SGD 309 million (USD 222 million).
Clients include multinational and local companies from all sectors of the economy.
Member of the Swiss Life Network since 1995.

Local experience credits may be paid out in cash, used for renewal premium reduction or to increase the benefits and sums insured.
Volume discounts are offered for term life, personal accident, and hospital and surgical policies, depending on the number of employees covered and the type of benefits.
Discounts range from 2.5% to 15%.
Group insurance products include cover for term life, personal accident, critical illness, medical, health, as well as disability income insurance.

Coverage available and poolable: