In response to a proposed agreement between Income and Allianz, the National Trades Union Congress (NTUC) has assured the organization that it will continue to keep payments affordable for two of its low-cost insurance plans.
In a statement issued by NTUC on , Monday ( Aug 5 ), the labour union said it will “ensure that Income upholds this commitment”.
The two coverage plans, which are available to NTUC people, are  , NTUC GIFT and Income Insurance LUV.
In a press statement on Monday,  , NTUC President K Thanaletchimi and NTUC Secretary-General Ng Chee Meng said NTUC remains deeply committed to its cultural goal.
They stated that “NTUC Enterprise may continue to hold onto a sizable share of Income.”
” Allianz has also committed to honouring Income’s existing policies, participating in national insurance programmes, and continuing its charity agreements, including the pledge of S$ 100 million over 10 years from 2021 to promote social mobility among the lower-income and support the well-being of elderly”, they added.
Mr. Ng expressed his complete understanding and appreciation for the issues raised by many people regarding the proposed Money Agreement with Allianz, in which case he expressed his full appreciation.
“NTUC Enterprise has invested a lot of money in money over the years and may continue to do so.”  ,
But NTUC Enterprise cannot do this on its own”, he said.
In order for Income to have more choices for accessing money, Ms. Thanaletchimi and Mr. Ng claimed this was the reason it was corporatized in 2022.
It was a “hard choice”, they added, but” Allianz’s certificates proved to be strongest, with the passions on both flanks aligned”.
It became clear that money is just continue to fulfill its social goal in this burgeoning environment if it has entry to more resources and the capacity to grow.
Ms. Thanaletchimi and Mr. Ng stated that Singaporeans will continue to receive economical, high-quality essential goods and services from Income’s collection of businesses.
The investment will continue to offer customers choices in the market conditions where they are active.  ,
” We will continue to work hard, with kindness and dedication, so all our employees can include better lives and livelihoods. That is our unwavering pledge”, said , Ms Thanaletchimi and Mr Ng.
” That is our unwavering commitment”.