Singaporeans, let's stand together to protect our own!

German insurance giant Allianz has recently proposed acquiring a majority stake in NTUC Income. While this may seem like a big business deal, it has significant implications for Singapore's insurance landscape and our financial security.

Here's why we should be concerned:

NTUC Income prioritizes Singaporeans. Backed by the strong political ties of NTUC Enterprise, NTUC Income has a proven track record of serving Singapore's specific needs and offering competitive rates. With Allianz at the helm, this focus might shift.
Profits stay local. As a Singaporean company, NTUC Income reinvests its profits back into our economy, creating jobs and supporting local businesses. An acquisition by Allianz could mean a significant portion of profits leaving Singapore.
Uncertain future of Singaporean protections. NTUC's strong political backing helps ensure Singaporeans are protected by regulations and policies tailored to our needs. There's a chance that under foreign ownership, this level of protection might weaken.
We urge you to sign this petition and send a message!

NTUC Income has been a pillar of Singapore's insurance industry, offering security and competitive rates to Singaporeans for years. Let's show our support for keeping a strong, Singaporean company and our hard-earned profits within our own borders.

Together, we can ensure a brighter financial future for Singapore!

Please share this petition with your friends and family. The more voices we raise, the stronger our message!

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