Singapore's NTUC Income extends eligibility of micro family scheme

This will cover additional 22,000 students.

Singapore’s NTUC Income has expanded its Income Family Micro-Insurance Scheme (IFMIS) to eligible low-income families with a child or ward attending a local secondary school, specialised school or pre-university institution with assistance under the Ministry of Education.

Effective 1 September, this will cover additional 22,000 students under the scheme, bringing the total number to over 52,000.

IFMIS offers insurance protection at no premium to eligible who are in local primary schools and are MOE Financial Assistance Scheme (FAS) recipients. It also covers eligible children who are enrolled in NTUC First Campus’ My First Skool.

In the unfortunate event of death or total and permanent disability (TPD) of the child’s parent or guardian, IFMIS pays out S$5,000 upon approval of the claim.

Since February, IFMIS has also extended its coverage to include COVID-19 benefits such as a cash pay-out of S$200 for each day of hospitalisation in a public hospital in Singapore due to the virus, for up to 30 days. The claim is payable starting from the first day of diagnosis.

The COVID-19 benefits, slated to end on 31 August, will be extended from 1 September till 31 December and will cover all students who are eligible for IFMIS, including those who are new to the scheme, the insurer said.