NTUC Income
Encyclopedia
NTUC Income is a life
and general insurance
company based in Singapore
. It is one of the "Big Three" insurers with a significant share of the local motor insurance market. Its current Chief Executive Officer is Tan Suee Chieh
, who took over from Tan Kin Lian
in February 2007.
Life insurance
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...
and general insurance
General insurance
General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance. It is called property and...
company based in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
. It is one of the "Big Three" insurers with a significant share of the local motor insurance market. Its current Chief Executive Officer is Tan Suee Chieh
Tan Suee Chieh
Tan Suee Chieh , was appointed Chief Executive of NTUC Income Insurance Co-operative Limited in February 2007. He has served as a member of the organisation’s Board of Directors since 2003.He also sits on several other boards including , and...
, who took over from Tan Kin Lian
Tan Kin Lian
Tan Kin Lian is the former CEO of NTUC Income. Since stepping down as CEO in April 2007, his activities have included organising public rallies for people who lost their money due to investing in Lehman Brothers' Minibond products to seek redress, and setting up FISCA, an organisation to teach...
in February 2007.