NTUC Income launches employee benefits insurance platform for start-ups

Insurance plans to continue providing coverage in case start-up goes out of business

NTUC Income launches employee benefits insurance platform for start-ups

Insurance News

By Gabriel Olano

Singapore-based insurer NTUC Income has launched Start.Sure, a self-service digital platform aimed at start-ups which allows them to purchase and manage employee benefits insurance with ease.

Start.Sure is designed for start-ups that have been in business for one to five years and have two to 15 employees. It offers three benefit plans that can meet the employee protection needs of start-up firms in different life stages.

The employee insurance plans, which cover pre- and post-hospitalisation and surgical expenses, do not require any paperwork and underwriting, according to a report by Digital News Asia.

The insurance plans will also cover an employee for three months in case the start-up they work for goes out of business.

According to NTUC Income chief operating officer Peter Tay, Start.Sure shows the company’s commitment to support Singapore’s young entrepreneurs.

“As the name suggests, we aim to be the reliable companion to these budding entrepreneurs so that they are free to focus on accelerating the growth of their companies,” Tay said.

“Start.Sure aims to offer a sure footing for startups to launch their ambitions, while at the same time, give protection to their employees who are one of the company’s key assets. The intuitive digital platform is aligned to startups’ way of working and reflects our philosophy of making insurance simple and accessible for all in Singapore.”

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NTUC Income launches mobile app to report vehicle accidents
NTUC Income to insure online purchases of electronics

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