NTUC Income Insurance Co-operative Limited was established in 1970 in response to the growing need for affordable insurance for Singaporean workers. Today, it is the only insurance co-operative in Singapore, and is recognised as a national icon, built on strong and sound business principles. With a modest capital of $1.2 million, NTUC Income has become Singapore's leading composite insurer offering life, health, general insurance and investment-linked products with total assets of about S$20 billion as at end of 2008. To date, NTUC Income currently has about 2 million customers from all strata of society.
Pioneering workers' rights since 1961, the National Trades Union Congress (NTUC) unites 58 trade unions, seven trade associations, 12 social enterprises, and other enterprise partners as we create better lives for workers here in Singapore.