Protecting what matters most to you .....
for a peace of minds.
We offer protection through General Insurance plans from our trusted local providers, Income Insurance and Great Eastern General Insurance. Our goal is to give you and your family peace of mind, allowing you to look forward to a fulfilling life and future.
Types of General Insurance:
1. Property Insurance (home, contents, commercial)
2. Liability Insurance (personal, professional, product)
3. Motor Insurance (vehicle, fleet)
4. Health Insurance (individual, group)
5. Travel Insurance
6. Business Insurance (package policies), etc.
All insurance purchased directly from the Income Insurance website or through us using our “Advisor code 662816” and Advisor’s email steven@lsgroup-intl.com will qualify you for the same promotional discount from Income. Additionally, you will receive complimentary GV movie treats for you and your family.
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Our Philosophy: Passion, Honesty, Integrity, and Striving for excellence in everything we do !
Personal Accident
With PA Assurance¹, rest assured that you and your family can be protected from the potential hardship an accident could bring.
From as little as $0.55 a day², PA Assurance offers you medical expenses coverage in the event of an accident, anywhere in the world³. You can choose to enhance your coverage by opting for infectious disease⁴ cover.
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PA Assurance | Personal Accident Insurance Singapore (income.com.sg)
Enhanced Home
Protect what makes your house a home, and what is also possibly your most expensive asset. Our comprehensive home insurance plan ensures peace of mind by protecting you, your family and your home against unforeseen events
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Enhanced Home Insurance | Buy Online | Income Insurance Singapore
Car Insurance (Drivo)
With Drivo™ Car Insurance, you will enjoy comprehensive, affordable coverage and convenience through our value-added services whenever you need it most. There is no smarter choice than insuring your car with Singapore’s leading motor insurer.
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Hospital Care
An unexpected hospital admission could strain your family’s finances. Lighten your financial load and rest easy, knowing that Hospital Care¹ gives you daily hospital cash benefit in the event that you are hospitalised, in addition to your other health insurance plans. All you need to do is relax and concentrate on recovering well.
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Travel Insurance
Travel with confidence knowing you are well-protected with comprehensive coverage from Income’s Travel Insurance
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Happy Tails Pet Insurance
More than just your best friend, your furry companion is also your family. Welcoming you with kisses and cuddles after a tough day and sharing in your happiness and challenges, you can do your part to pawtect them with Happy Tails Pet Insurance (Happy Tails). Tailored with both dogs and cats owners’ needs in mind, Happy Tails has the purrfect plan to suit your preferred coverage and budget. As vet expenses due to surgery can quickly add up and dip into your savings, Happy Tails supports you with the comfort that you are financially protected, allowing you to focus on taking care of your pet. You are their everything. Pawtect your furry companion today.
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Health & Insurance News
SINGAPORE’S general insurance sector posted a year-on-year increase of 10.1 per cent in gross written premiums to S$10.2 billion in 2023, led by growth in both the domestic and offshore segments. The overall sector recorded an underwriting profit of S$608.1 million for 2023.
Data released by the General Insurance Association of Singapore (GIA) on Monday (Mar 18) showed a 7.3 per cent increase in domestic gross written premiums to S$5.2 billion. Underwriting profit, however, fell by 11.2 per cent to S$262.9 million as net incurred claims rose 44 per cent.
Based on gross written premiums, motor insurance had the largest market share (21 per cent) in 2023. This was followed by the health (19.2 per cent), property (14.9 per cent), employers’ liability (8.9 per cent) and travel (5.7 per cent) sectors.
Health insurance – which led the overall sector’s strong performance in 2022 with a S$64.5 million profit – sank into the red with a S$10.6 million underwriting loss for 2023.
GIA said the reversal was due to a 10.3 per cent spike in health insurance claims, suggesting rising healthcare costs and larger average claim bill sizes. It also noted a continued focus on corporate health insurance, in view of the segment’s 12.1 per cent increase in gross written premiums.
In the property segment, gross written premiums grew a slight 2.2 per cent to S$774.9 million, though underwriting profit dipped 9.5 per cent to S$45.5 million. This came as net incurred claims grew 38 per cent to S$52.9 million, with house fires remaining a key concern in 2023.
In line with Singapore’s workforce expansion, employers’ liability insurance gross written premiums grew 10.2 per cent to S$463.2 million. Underwriting profit grew to S$45.7 million from S$24 million previously, which GIA attributed to a 21.7 per cent drop in workplace deaths and improved workplace safety measures.
Meanwhile, the travel insurance segment emerged as one of the top performers in the domestic market with 37.6 per cent higher gross written premiums of S$295.1 million (*see amendment note) and S$30.6 million in underwriting profit.
This was attributed to the continued recovery in travel and increased awareness among travellers.
GIA expects travel insurance to “continue being top-of-mind” in 2024.
