Latest news with #IncomeInsurance
Business Times
3 days ago
- Health
- Business Times
Income Insurance, NCSS launch S$10 million grant to support caregivers
[SINGAPORE] Janet Yeo was a caregiver to her mum, who had dementia, and faced a double whammy when her husband was diagnosed with cancer. That was the breaking point, as she had to care for both of them, said the partner at an interior architectural firm. 'Caregiving is tiring and difficult, as there is the emotional attachment as well to the patients.' To give caregivers more support, Income Insurance and the National Council of Social Service (NCSS) signed a Memorandum of Understanding (MOU) on Friday (Jul 25) to launch the Income OrangeAid Caregiver Support Accelerator Grant. The grant is worth S$10 million and is part of Income Insurance's commitment to invest S$100 million in Singapore communities by 2030 via Income OrangeAid. The initiative will comprise two grant calls over five years from 2025, and will support up to 20 caregiver programmes run by SSAs. Each grant call will fund up to 10 programmes, with up to S$200,000 per programme in the first two years and S$100,000 in the third year. Giving a boost The move is to uplift the capabilities of the social service agencies (SSAs) ecosystem, said Tan Li San, CEO of NCSS. A NEWSLETTER FOR YOU Friday, 2 pm Lifestyle Our picks of the latest dining, travel and leisure options to treat yourself. Sign Up Sign Up 'Firstly, it will foster innovation by guiding SSAs to employ design-thinking methodologies, enabling SSAs to develop creative and impactful solutions for caregivers. This approach will help SSAs enhance their existing services with targeted support in crucial areas such as psychological well-being and financial adequacy. 'Secondly, it will build a sustainable ecosystem by providing SSAs with multi-year support to develop and implement holistic caregiver support programmes, while requiring SSAs to demonstrate how their initiatives will continue beyond the funding period. This emphasis on sustainability ensures that the support systems we build today will continue to benefit caregivers in the long term.' NCSS' 2024 Quality of Life Study revealed that caregivers in Singapore report a lower quality of life compared with non-caregivers across the physical, social relationships and environment domains. Andrew Yeo, CEO of Income Insurance, said: 'We recognise that the SSAs are the primary touchpoints for caregivers in Singapore. By partnering NCSS, which channels resources to SSAs in Singapore, we are coupling deep sector expertise with strong financial support to uplift the SSA ecosystem to develop targeted support for caregivers to improve their quality of life, especially in the areas of physical, mental and financial well-being.' Tan Li San (left), CEO of NCSS, and Andrew Yeo, CEO of Income Insurance at the MOU signing ceremony. PHOTO: INCOME INSURANCE Shannen Fong, vice-president and head of strategic communications and sustainability at Income Insurance, concurred, adding: 'Caregiving in Asia is linked to filial piety, and some may not even know they are caregivers.' Singapore society is projected to become super-aged by 2026, and by 2030, one in four people in Singapore will be aged 65 and above. Yeo of Income Insurance said: 'This means that caregivers, who are often the spouses and close relatives of an aged person, are likely seniors themselves, and may also be facing health or other related challenges that are compounding this urgency for support.' The initiative, which he described as 'groundbreaking', is built on a more sustainable public-private partnership model. 'Our support can go a longer way in bringing about a multiplier effect as more SSAs can stand to benefit and be empowered to support more caregivers over the long term,' he added. 'To unlock the annual seed funding, grantees must demonstrate tangible outcomes, programme scalability and impact, as well as financial sustainability of the programme.' The CEO of Income Insurance added that the last point is critical given that funding in the third year will be stepped down to ensure that grantee programmes are in a good place to thrive beyond the grant period. Janet Yeo agreed that such initiatives are helpful as they fill a gap. She herself benefited from caregiver education by the Mindfull Community – formerly known as Caregivers Alliance Limited – which 'equipped me with knowledge, coping skills, self-care strategies'.
CNA
5 days ago
- Business
- CNA
Income Insurance, NCSS launch new S$10m grant for social service agencies to support caregivers
Social service agencies in Singapore can soon tap a new S$10 million grant to support caregivers' quality of life, such as their mental well-being and financial adequacy. Launched by Income Insurance in partnership with the National Council of Social Service, the grant will support up to 20 selected programmes over five years. Agencies can start applying for the grant in September. This comes amid an increasing demand for caregivers as Singapore's population ages. Charlotte Lim reports.
Straits Times
17-07-2025
- Politics
- Straits Times
Syria's interim president says protecting Druze a 'priority'
Members of Syrian security forces stand on a road in Sweida countryside, as vehicles transporting other Syrian security forces make their way out of the predominantly druze city of Sweida, Syria, July 16, 2025. REUTERS/Karam al-Masri DAMASCUS/CAIRO - Syria's interim President Ahmed al-Sharaa said on Thursday that protecting Druze citizens and their rights is "our priority", as Israel vowed to destroy Syrian government forces attacking Druze in southern Syria. In his first televised statement after powerful Israeli air strikes on Damascus on Wednesday, Sharaa addressed Druze citizens saying "we reject any attempt to drag you into hands of an external party". "We are not among those who fear the war. We have spent our lives facing challenges and defending our people, but we have put the interests of the Syrians before chaos and destruction," he said. He added that the Syrian people are not afraid of war and are ready to fight if their dignity is threatened. Israel's airstrikes blew up part of Syria's defence ministry and hit near the presidential palace as it vowed to destroy government forces attacking Druze in southern Syria and demanded they withdraw. The attacks marked a significant Israeli escalation against Sharaa's Islamist-led administration. They came despite his warming ties with the U.S. and his administration's evolving security contacts with Israel. Describing Syria's new rulers as barely disguised jihadists, Israel has said it will not let them move forces into southern Syria and vowed to shield the area's Druze community from attack, encouraged by calls from Israel's own Druze minority. Top stories Swipe. Select. Stay informed. Singapore HSA launches anti-vaping checks near 5 institutes of higher learning Opinion The workplace needs to step up on mental health to match Singapore's efforts at the national level Business Market versus mission: What will Income Insurance choose? Singapore Singapore Zoo celebrates reptile baby boom, including hatchings of endangered species Life First look at the new Singapore Oceanarium at Resorts World Sentosa Business Singapore key exports surprise with 13% rebound in June amid tariff uncertainty Opinion AI and education: We need to know where this sudden marriage is heading Singapore Coffee Meets Bagel's Singpass check: Why I'll swipe right on that The U.S. said the fighting would stop soon. "We have engaged all the parties involved in the clashes in Syria. We have agreed on specific steps that will bring this troubling and horrifying situation to an end tonight," Secretary of State Marco Rubio said on social media. The United Nations Security Council will meet on Thursday to address the conflict, diplomats said. "The council must condemn the barbaric crimes committed against innocent civilians on Syrian soil," said Israel's ambassador to the U.N., Danny Danon. "Israel will continue to act resolutely against any terrorist threat on its borders, anywhere and at any time." WARPLANES OVER DAMASCUS The Syrian Network for Human Rights said 169 people had been killed in this week's violence. Security sources put the toll at 300. Reuters could not independently verify the tolls. Reuters reporters heard warplanes swoop low over the capital Damascus and unleash a series of massive strikes on Wednesday afternoon. Columns of smoke rose from the area near the defence ministry. A section of the building was destroyed, the ground strewn with rubble. An Israeli military official said the entrance to the military headquarters in Damascus was struck, along with a military target near the presidential palace. The official said Syrian forces were not acting to prevent attacks on Druze and were part of the problem. "We will not allow southern Syria to become a terror stronghold," said Eyal Zamir, Israel's military chief of staff. Sharaa faces challenges to stitch Syria back together in the face of deep misgivings from groups that fear Islamist rule. In March, mass killings of members of the Alawite minority exacerbated the mistrust. Druze, followers of a religion that is an offshoot of Islam, are spread between Syria, Lebanon and Israel. Following calls in Israel to help Druze in Syria, scores of Israeli Druze broke through the border fence on Wednesday, linking up with Druze on the Syrian side, a Reuters witness said. Israeli Prime Minister Benjamin Netanyahu said the Israeli military was working to save the Druze and urged Israeli Druze citizens not to cross the border. The Israeli military said it was working to safely return civilians who had crossed. Israeli Druze Faez Shkeir said he felt helpless watching the violence in Syria. "My family is in Syria - my wife is in Syria, my uncles are from Syria, and my family is in Syria, in Sweida, I don't like to see them being killed. They kicked them out of their homes, they robbed and burned their houses, but I can't do anything," he said. REUTERS
Sassy Mama
15-07-2025
- Business
- Sassy Mama
Protect Your Helper With Affordable And Comprehensive Coverage With Income's Domestic Helper Insurance
Looking after the one who provides an additional pair of hands around the house just makes sense. Income's Domestic Helper Insurance lets you do just that with affordable premiums and comprehensive protection. Between juggling work deadlines, sorting out the kids' meals, and caring for elderly parents, there's only so much we can fit into a 24-hour day. For many families in Singapore, having a domestic helper makes a world of difference. But have you thought about what happens if she falls sick or has an accident? That's why it is important to get insurance protection for your helper. With Income's Domestic Helper Insurance, you can give her comprehensive protection at affordable premiums. Comprehensive coverage plans to suit your needs Your helper is probably a reliable right-hand woman at home who helps you juggle everything life throws your way. Whether you're looking for essential protection or more comprehensive coverage, Income's Domestic Helper Insurance has a range of options to suit your needs. The Basic Plan offers peace of mind with coverage for personal accidents, hospitalisation, personal liability, and outpatient medical expenses due to injury. It also includes hospitalisation coverage for pre-existing medical conditions if your helper has been working in Singapore as a foreign domestic helper for more than 12 months in a row. For families who want a higher level of assurance, the Standard or Enhanced Plan provides added benefits. These include coverage for certain expenses if you need to stop employing your helper due to a serious sickness or serious injury, as well as wage compensation of up to 30 days if she's unable to carry out her duties due to hospitalisation. Keeping your domestic helper protected while she works for your family Accidents can happen anytime, in and outside the home. If your helper is injured in a personal accident, Income's Domestic Helper Insurance offers coverage of up to $80,0001, along with local and emergency overseas hospitalisation2 benefits, including coverage for COVID-193! In addition, with a Letter of Guarantee4, you won't need to worry about making an upfront payment for eligible hospitalisation expenses because the hospital will bill Income Insurance directly, and you can focus on your helper's recovery. With the MediPass app5, doctor visits are also now easier on your wallet, with a preferential rate for general practitioner consultations which start from just $13.086, and mandatory six-monthly medical check-ups start from $21.806! At the end of the day, your helper isn't just an employee, she's the quiet force that keeps your household moving. Insuring her with Income's Domestic Helper Insurance gives you peace of mind and shows that you're looking out for her. With affordable premiums, Income's Domestic Helper Insurance gives her the protection she deserves and protects your wallet from surprises. Check out their latest promotions here. Income Insurance,
CNA
26-06-2025
- Business
- CNA
CNA938 Rewind - Is a share buyback scheme the best solution Income can come up with?
CNA938 Rewind - Is a share buyback scheme the best solution Income can come up with? Following up on Income's proposal of a possible share buyback programme for its shareholders, Andrea Heng and Hairianto Diman find out if it is the best solution the Singapore insurer can come up with at this point and what other options could actually appease shareholders. They chat to Victor Lai, Principal Consultant at Citadelcorp. 13 mins CNA938 Rewind - TalkBack: Bukit Timah residents, do you need help? Since the middle of last year, a string of burglaries at landed properties has been reported, with some cases linked to foreign syndicates. Lance Alexander and Daniel Martin speak with Associate Professor Razwana Begum Abdul Rahim, Head of the Public Safety and Security Programme at the Singapore University of Social Sciences. 29 mins CNA938 Rewind - Is cocaine now a vape? Three Singaporeans have been arrested by Malaysian police in a drug bust involving almost 10 litres of cocaine, contained in 4,958 cartridges of vape liquid. Lance Alexander and Daniel Martin speak with Dr. Steve Yang, Consultant Respiratory Physician at The Respiratory Practice. 15 mins CNA938 Rewind - More homes and mixed developments to come, in the City Centre At least 80,000 homes across more than 10 new housing areas, more green spaces, and efforts to refresh Singapore's shopping district. These are among the development plans set to guide Singapore's land use policies for the next 10 to 15 years. Lance Alexander and Daniel Martin speak with Dr Woo Jun Jie, Senior Lecturer at the Lee Kuan Yew School of Public Policy in the National University of Singapore. 16 mins
