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Income is bound by its social goals, so it offers affordable products to the lower-income or vulnerable folks that other insurers would avoid.
PHOTO: ST FILE
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SINGAPORE – In many ways, a union between home-grown Income Insurance and German insurer Allianz is a marriage of convenience and one that benefits the couple.
It gives Income a much-needed reset and capital injection that its shareholders would otherwise struggle to raise, while Allianz gets to enter the Singapore life insurance market and build up its base in the Republic with more ease.
