Income Insurance Limited was established in 1970 in response to the growing need for affordable insurance for Singaporean workers. Today, it is the only insurance co-operative in Singapore, and is recognised as a national icon, built on strong and sound business principles. With a modest capital of $1.2 million, NTUC Income has become Singapore's leading composite insurer offering life, health, general insurance and investment-linked products with total assets of about S$20 billion as at end of 2008. To date, NTUC Income currently has about 2 million customers from all strata of society.