Income Insurance vs Singlife for employee benefits
· Last reviewed 23 October 2026
Income Employees FlexCare and Singlife MyBenefits Plus both publish a two-employee entry point, with Income specifying full-time employees. Both offer basic group cover with supplementary benefits. Compare the selected hospital plan, rider attachments, eligibility and renewal basis on a current quotation; the brand name and minimum headcount alone do not decide suitability.
What they cost
Yearly, for hospital + GP cover at standard level · GST included
Not a quote
IncomeEmployees FlexCare
S$7,900 to S$9,800
S$790–S$980 per employee
SinglifeMyBenefits Plus
S$7,900 to S$9,800
S$790–S$980 per employee
Estimates from published small-business rates for a typical office team. Rates can change; the insurer’s own quote is definitive. See all 7 insurers side by side.
S$0 for advice; the insurer pays us. Exact quotes by the next working day, or WhatsApp us.
Side by side
Products are shown in the order this page lists them, not by score or ranking. Cover differs by product and by employer, so compare the wording, not just the labels.
Scroll horizontally to compare both products.
| Benefit | Income InsuranceEmployees FlexCareA group plan with Group Hospital & Surgery (GHS), Group Term Life (GTL) and Group Personal Accident (GPA) main plans, plus optional riders placed under GHS. | SinglifeMyBenefits PlusMyBenefits Plus basic plans and supplementary riders, based on the official product page, FAQs and June 2025 brochure. Benefits depend on the selected plan. |
|---|---|---|
| Hospitalisation | GHS is one of the main plans. SourcesIncome Insurance Reviewed 23 October 2026 | Group Basic Medical reimburses eligible hospitalisation and surgery costs; benefits and hospital choice depend on the selected plan. SourcesSinglife Source version: Brochure accurate as at June 2025; current selected terms require confirmation Reviewed 23 October 2026 |
| GP and outpatient | Optional outpatient primary-care rider under GHS; cashless panel GP visits. SourcesIncome Insurance Reviewed 23 October 2026 | Group Outpatient Medical is a rider to Group Basic Medical or FWMI; GP consultation benefits depend on the selected schedule. SourcesSinglife Source version: Brochure accurate as at June 2025; current selected terms require confirmation Reviewed 23 October 2026 |
| Specialist care | Optional specialist rider under GHS; panel specialist with referral. SourcesIncome Insurance Reviewed 23 October 2026 | Outpatient specialist consultations and diagnostic tests are described in the outpatient rider, with referral requirements and scheduled limits. SourcesSinglife Source version: Brochure accurate as at June 2025; current selected terms require confirmation Reviewed 23 October 2026 |
| Dental | Optional dental rider under GHS. SourcesIncome Insurance Reviewed 23 October 2026 | Group dental rider attached to Group Basic Medical; panel dentists; limits apply per insured person, not per family. Confirm the selected plan’s monetary limits. SourcesSinglife Reviewed 23 October 2026 |
| Traditional Chinese medicine | The optional Group Outpatient Primary Care rider lists reimbursement for visits to registered TCM practitioners in Singapore, with a five-visit annual limit and plan-specific co-payment. Confirm the selected schedule. SourcesIncome Insurance Source version: Brochure correct as at 1 February 2026; selected terms apply Reviewed 23 October 2026 | TCM benefits are listed for selected outpatient plan options, subject to visit and policy-year limits; they are not included in every option. SourcesSinglife Source version: Brochure accurate as at June 2025; current selected terms require confirmation Reviewed 23 October 2026 |
| Wellness | Not verified Reviewed 23 October 2026 | Not verified Reviewed 23 October 2026 |
| Claims | Outpatient claims can be submitted by mobile or online. SourcesIncome Insurance Reviewed 23 October 2026 | The claim-history FAQ describes status tracking through the Singlife app and MySinglife portal. It states accuracy 20 March 2024; confirm current access with the employer. Processing time is not verified. SourcesSinglife Reviewed 23 October 2026 |
| Eligibility | Minimum two full-time employees. SourcesIncome Insurance Reviewed 23 October 2026 | Minimum two employees; maximum entry age 69 at next birthday; the company chooses uniform or job-category benefits; dependants must be legally substantiated and covered at the same level; cover is limited to Singapore-based employees and dependants. The source states accuracy 20 Mar 2024, so reconfirm on a current quote. SourcesSinglife Reviewed 23 October 2026 |
| Limitations | Portfolio underwriting sets rates from the whole Employees FlexCare portfolio, not one employer's claims; not a promise premiums cannot rise. SourcesIncome Insurance Reviewed 23 October 2026 | Group Term Life and Group Living Care sums assured above S$150,000 require underwriting. Guaranteed acceptance is not the same as cover for every pre-existing condition. SourcesSinglife Reviewed 23 October 2026 |
| Optional benefits | Outpatient primary care, specialist and dental riders under GHS. SourcesIncome Insurance Reviewed 23 October 2026 | The brochure lists Living Care, Major Medical, Outpatient Medical and Dental supplementary plans; each attaches to specified basic cover. SourcesSinglife Source version: Brochure accurate as at June 2025; current selected terms require confirmation Reviewed 23 October 2026 |
| Maternity | Not verified Reviewed 23 October 2026 | Not verified Reviewed 23 October 2026 |
| Mental wellness | Plans 1 to 5 of Group Hospital & Surgical list inpatient psychiatric treatment, from S$2,000 to S$8,000 depending on the plan, and Plan 1 of the optional specialist rider adds outpatient psychiatric treatment up to S$500 a year. Confirm the selected schedule and exclusions. SourcesIncome Insurance Source section: GHS benefit schedule; Group Outpatient Specialist Care Source version: Brochure correct as at 1 February 2026; selected terms apply Reviewed 23 October 2026 | Group Basic Medical lists inpatient psychiatric treatment after a 10-month waiting period: within the per-disability limit on Plans 1 to 5, and up to S$2,000 on Plan 6. Confirm the selected schedule. SourcesSinglife Source section: Group Basic Medical schedule, item 4 Source version: Brochure accurate as at June 2025; current selected terms require confirmation Reviewed 23 October 2026 |
| Telemedicine | The optional Group Outpatient Primary Care rider lists panel telemedicine as charged, up to three visits a year, with the plan’s co-payment where one applies. Confirm the selected schedule. SourcesIncome Insurance Source section: Optional rider: Group Outpatient Primary Care (GP) Source version: Brochure correct as at 1 February 2026; selected terms apply Reviewed 23 October 2026 | Not verified Reviewed 23 October 2026 |
| Employee assistance | Not verified Reviewed 23 October 2026 | Not verified Reviewed 23 October 2026 |
| Panel and network | Income describes a panel of GP and specialist clinics where members of the outpatient riders get cashless consultations with the outpatient e-medical card; panel specialist visits need a referral letter. Confirm current clinics for the selected plan. SourcesIncome Insurance Source section: Cashless outpatient consultation at panel GP and specialist clinics Reviewed 23 October 2026 | Group Outpatient Medical pays panel GP visits as charged, and Group Dental gives cashless visits to panel dental clinics. Singlife publishes GP and dental panel listings for MyBenefits Plus; confirm current clinics for the selected plan. Source section: Group Outpatient Medical and Group Dental schedules; product page panel listings Source version: Brochure accurate as at June 2025; current selected terms require confirmation Reviewed 23 October 2026 |
“Not verified” means bene has not confirmed this from a published source for this product. It does not mean the benefit is not offered.
How to read this comparison
Both columns use the same fields, and where a source is silent the table says so instead of guessing. A feature listed for one insurer is not necessarily available from the other, and a checklist alone cannot make the decision.
Questions to put to both
- Which riders attach to which base plan, and at what limits?
- For the medical plan, what plan level and ward class does each quote cover?
- How does each insurer describe its underwriting, and what data drives renewal?
- How is specialist panel treatment referred, and is it cashless?
- How are claims submitted, and what is the service commitment?
A buying checklist for both
- Ask both insurers to quote the same plan level and ward class.
- Record the premium on the same basis, including taxes and fees.
- Confirm which riders attach to which base plan.
- Ask how each insurer handles renewal and what data drives it.
- Compare service as well as price.
What neither column confirms
- Any price for a specific group.
- Claims turnaround times.
- Wellness benefits within the selected insurance plan.
- Which option best fits your team.
Questions
Which is cheaper?
It depends on your team. The price ranges near the top of this page are estimates from each insurer’s published small-business rates, not quotes. Your premium depends on your census and the cover you choose, so we get quotes from both insurers on the same cover and premium basis before you compare the numbers.
Do both accept small teams?
The sources we reviewed state a minimum of two employees for both plans. Confirm against a current quote, since terms can change.
Which has more optional benefits?
Both reviewed products describe optional benefits. Count only the riders included in your quotation and compare their limits, attachments and exclusions; a longer feature list does not establish better cover.
SourcesSinglifeIncome Insurance
Sources for this page
- Employees FlexCare (group insurance for employees)
Page states information correct as at 12 March 2026. Describes main plans and optional riders; no quote price is stated.
- Employees FlexCare brochure (February 2026)
Official brochure linked from the Income product page and fetched 23 October 2026; information correct as at 1 February 2026. The optional primary-care rider includes registered Singapore TCM visits with selected-plan limits and co-payment.
- Employee benefits claim history FAQ
FAQ states accuracy 20 March 2024. Describes claim-status access, not a current claim-processing turnaround guarantee.
- MyBenefits Plus (corporate insurance)
Official product page, opened 2026-10-23. Plan and coverage options can change; reconfirm against a current quote.
- MyBenefits Plus brochure (June 2025)
Official brochure retrieved 23 October 2026; states information accurate as at June 2025. Pages 3–4 describe basic cover and riders. Confirm the selected plan and current policy terms.
- MyBenefits Plus general FAQs
FAQ page states it was accurate on 20 Mar 2024; eligibility figures may have changed, reconfirm with a current quote.
- MyBenefits Plus group dental FAQ
Describes the dental rider and panel arrangement; no exact monetary limit is stated on the page.