Dear Valued Customers,
Under Budget 2022, the Government has announced enhanced social protection measures to assist the low-income group (B40) and Micro, Small and Medium Enterprises (MSMEs) segments. These include several incentives to promote financial resilience through higher take up of insurance policies. You may click here to check out the Budget 2022 Speech.
The Government in its efforts to enhance accessibility to insurance protections for the B40 and MSMEs segments, has implemented the following measures:-
Insurance policies products which are exempt from stamp duty as per items (i) and (ii) are as follows:
The above will be applicable for insurance policies issued from 1 Jan 2022 to 31 Dec 2025.
For more information, please WhatsApp us at 012-6031978.