Tie-up offers insurance savings for SMEs that invest in workers' health

Small and medium-sized enterprises (SMEs) that invest in the health and well-being of their employees can now enjoy reduced group insurance premiums under a new partnership between the Workplace Safety and Health (WSH) Council and home-grown insurer Singlife.

- Sharon Salim Business Correspondent and Cheong Poh Kwan Assistant Business Editor

Announced on July 24 by Minister of State for Manpower Dinesh Vasu Dash at the inaugural Tripartite Connect 2025, the scheme will give a 10 per cent discount on first-year insurance premiums for SMEs that enrol their staff for health screening and lifestyle coaching under the free Total WSH programme.

"For SMEs, every cent counts, and such savings can be meaningfully redirected to support business or employee needs," said Mr Dinesh at the event, which gathered SME leaders to look at ways to foster progressive workplace practices.

"I hope this will be a win-win outcome; win for your companies with insurance savings, and win for your employees with better health and well-being."

Mr Dinesh was speaking at the launch of Tripartite Connect at Marriott Tang Plaza Hotel. The event, attended by about 330 participants, was organised by the Tripartite Alliance for Fair and Progressive Employment Practices and the WSH Council. Both agencies are under the Tripartite Alliance Limited (TAL).