Allianz offer for Income Insurance sparks concerns among some Singaporeans

Quick Summary:

They are worried about implications to their Integrated Shield Plans tied to Income.

Allianz has given assurances that it intends for Income to continue participation in national insurance programmes, including the IP plans.

They also fear that Income’s original social values and mission to provide coverage for the lower-income groups will no longer apply once Germany-listed Allianz takes a controlling stake, spelling an end to affordable insurance coverage.

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Article Details

Category: EconomyBusiness

Markets: SingaporeGermany

Topics: Stake Plans Income Insurance Subscriber-only National Continue Coverage Unlimited Allianz Programmes

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 19:55:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 193 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21727434

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 18 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 5 hours ago

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Publisher ID: #25

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