Singapore composite insurer offering life, health and general insurance to over 1.4 million customers
income.com.sgFounded
1970, Singapore
Industry
Insurance (composite insurer: life, health and general)
CEO
Andrew Yeo
Headquarters
75 Bras Basah Road, Singapore 189557
Employees
About 2,500 (official band 1,001 to 5,000)
Profit after tax (FY2025)
S$118.9 million, up 165% year on year
Total assets (FY2025)
S$44.7 billion
Listed on
Not listed. Public non-listed company, NTUC Enterprise is majority shareholder
Income Insurance Limited is a Singapore composite insurer that sells life, health and general insurance along with savings and investment products. It started in 1970 as a co-operative under the National Trades Union Congress and was restructured into a public non-listed company limited by shares in 2022, with NTUC Enterprise as majority shareholder. The company serves more than 1.4 million customers in Singapore and holds an S&P Global Ratings financial strength rating of AA- with a stable outlook, held since 2009.
FY2025 was a rebound year. Profit after tax rose 165% to S$118.9 million for the year ended 31 December 2025, total assets increased to S$44.7 billion, and net asset value per share reached S$32.66. The board proposed total ordinary and special dividends of S$1.063 per share, which the CEO described as the highest in the past decade. Because the company isn't listed, there is no market capitalisation, and share liquidity runs through a private exchange programme managed by an independent third party.
The product range covers health, life and personal accident cover, savings and investment-linked plans, travel, motor, home, pet and domestic helper policies, and group and commercial lines for businesses. Income also runs community programmes including Income OrangeAid and the Income Eco Run, and markets inclusive products such as personal accident cover for young people with autism and Down syndrome and a seniors plan with entry up to age 75. Headcount sits at roughly 2,500 people, almost entirely based in Singapore across offices at Bras Basah Road, Tampines and Paya Lebar.
Chief Executive Officer
Chairman of the Board (from 1 July 2026)
Chief Financial Officer
Non-Independent, Non-Executive Director (Board Chairperson until 30 June 2026)
Interview experience
Average
Interview difficulty
Medium
Interview process length
About a week
Practise real questions, get instant feedback and walk in ready for the panel.
Q: My motivation and ambition if I would be employed
A: Tie your motivation to something specific about Income, such as its composite insurer mix or its community programmes, then say what you want to be good at within two years. Keep it concrete rather than a general statement about loving insurance.
Q: If I'm able to work as team
A: Answer with one short story instead of a claim. Describe the team, what your slice of the work was, one friction point, and how you resolved it without escalating.
Q: What is my final year project
A: Give a 30 second summary first: the problem, your approach, the result. Then pause and let them ask for depth, and be ready to explain one decision you'd make differently now.
Practise real questions, get instant feedback and walk in ready for the panel.
Reported average, monthly base
S$12,731/month
10 salaries reported Salaries submitted
Reported average, monthly base
S$11,161/month
24 salaries reported Salaries submitted
Reported average, monthly base
S$10,389/month
33 salaries reported Salaries submitted
Reported average, monthly base
S$7,715/month
7 salaries reported Salaries submitted
Reported average, monthly base
S$7,622/month
17 salaries reported Salaries submitted
Reported average, monthly base
S$7,303/month
6 salaries reported Salaries submitted
Compare your pay against reported figures and see what you should be asking for.
Singapore • Full-time
Singapore • Full-time
Singapore • Full-time
Singapore • Full-time
Singapore • Full-time
Singapore • Full-time
Tailor your resume to the role in minutes and get past the first screen.
June 18, 2026
Income Insurance to transfer digital insurance platform to Embed Financial Group Holdings
Income Insurance announced the transfer of its digital insurance platform to Embed Financial Group Holdings. The move was listed among the insurer's June 2026 corporate announcements.
#digital #partnership #insurance
View postJune 15, 2026
Lim Sim Seng appointed Chairman of the Board
Income Insurance named former DBS group executive Lim Sim Seng as Board Chairman effective 1 July 2026. He succeeds Joy Tan, who stays on as a non-independent, non-executive director.
#leadership #governance #appointment
View postMay 25, 2026
FY2025 profit after tax up 165% to S$118.9 million
At the annual general meeting, CEO Andrew Yeo reported that profit after tax rose 165% to S$118.9 million for the year ended 31 December 2025, with total assets at S$44.7 billion. The board proposed total dividends of S$1.063 per share, the highest in a decade.
#results #financials #agm
View postApril 19, 2026
Income Eco Run 2026 raises S$90,000 with over 7,000 participants
The insurer's annual sustainability run drew more than 7,000 participants and raised S$90,000. The 2026 edition carried an enhanced zero-waste focus announced in January.
#sustainability #community #csr
View postMarch 10, 2026
OrangeAid Caregiver Support Accelerator Grant names first cohort
Income OrangeAid awarded its first cohort of 10 social service agencies under the Caregiver Support Accelerator Grant. The company has committed S$10 million over five years to the programme.
#csr #community #grants
View postIncome Insurance Limited is a Singapore composite insurer. It sells life, health and personal accident cover, savings and investment-linked plans, travel, motor, home, pet and domestic helper policies, plus group and commercial lines for businesses.
