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In July 2024, the NTUC Enterprise co-operative gave an irrevocable undertaking to sell a majority 51% stake of Income Insurance Ltd to German insurer Allianz. [13]NTUC Enterprise Chairman Lim Boon Heng stated that "is a capital-intensive business and to grow, there is a need to tap the capital markets" and that the sale was necessary because the "strength of Allianz’s financial position will ...
There are two main types of life insurance policies: Term and Permanent. Term Life Insurance Policies . Term life insurance provides temporary coverage for a specific period, usually ranging from ...
He was appointed, as the Group Chief Executive at NTUC Enterprise on 1 October 2013. [1] Previously Tan was Chief Executive of NTUC Income Insurance Co-operative Limited in Singapore from February 2007 to September 2013. He has served as a member of the organization's Board of Directors since 2003. [2]
What is the most popular type of life insurance?Term life insurance is one of the most popular types of life insurance. It tends to be more affordable than permanent life insurance, at least for ...
Tommy Koh, a veteran Singaporean diplomat, expressed worries that a foreign owner like Allianz would not devote resources to create products that serve the needy, like Income Insurance’s 2010 ...
Tan ran NTUC Income with the aim of providing the best value to the policyholders. This meant lower fees for insurance agents, encouragement of direct selling practices which bypassed the agents altogether, [6] and low operating expenses—throughout his 30-year term as CEO, Tan flew in economy class, even on long haul flights. This management ...
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