NTUC INCOME OFFERS DISCOUNTS FOR BUSINESS CENTRE BUYERS

Customers who choose to buy insurance at Singapore-based NTUC Income’s recently launched insurance business centres will receive vouchers, gifts and cash as incentives, the company said. The two centres have a sales force of 60, who are paid a fixed wage rather than commission-based earnings. NTUC said that the centres, which were opened in July last year and April this year, were now generating 5% of NTUC’s sales. The insurer noted that the discounts would be “modest”, with a 10% discount typically payable in the form of a discount voucher or perhaps a free mobile phone.