Updated September 28, 2026 · SumCue Editorial Team
Income Insurance vs Lemonade
Income Insurance
Higher score in this comparison
Lemonade
What sets them apart
| Compare | Income InsuranceReviewVisitVisit | LemonadeReviewVisitVisit |
|---|---|---|
| Premium from | SGD 0.60 | $5 |
| Insurance types | Auto, Home, Life, Health, Travel, Pet, Motorcycle | Auto, Home, Renters, Life, Pet |
| Cover limit | S$8,500 - S$27,000 maximum annual coverage per policy year (Happy Tails Pet Insurance) | Up to $100,000,000 |
| Claims channels | Phone, Email, Online form, Mobile app, Customer portal | App, Phone, Email |
| Monthly payments | Not confirmed | Yes |
| Excess from | SGD 250 | Not confirmed |
| Age range | Pet insured must be at least 16 weeks old and below 9 years old at policy start | Not confirmed |
Same on both: Provider type (Insurer).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Income Insurance scores higher overall: 9.4 vs 9.1.
- Founded is lower at Income Insurance: 1970 vs 2015.
- Lemonade is available in 4 more countries.
- Insurance types: only Income Insurance offers Health, Travel, Motorcycle.
- Insurance types: only Lemonade offers Renters.
- Claims channels: only Income Insurance offers Online form, Mobile app, Customer portal.
- Claims channels: only Lemonade offers App.
- Support channels: only Lemonade offers Chat.
Our verdict on each
Income Insurance
Income Insurance is a Singapore insurer selling auto, home, life, health, travel, pet and motorcycle cover, with a starting premium of SGD 0.60. It suits households that want several kinds of cover under one insurer, and seniors sit among the audience it names.
Lemonade
Lemonade is a US insurer offering monthly policies across auto, home, renters, life and pet cover, with premiums from $5. It suits households that want one monthly model and several ways to reach support, though its quoted starting premium sits above the figures shown for the listed alternatives.
Score breakdown
| Area | Income Insurance | Lemonade |
|---|---|---|
| Cost | 9.1Starting premium of SGD 0.60 ranks 25 of 251 brands on premium from, while pet cover carries an excess of SGD 250. | 9.2Higher |
| Offer | 9.5Higher | 9.4 |
| Trust | 9.5Higher | 8.9 |
How they place
| Ranking | Income Insurance | Lemonade |
|---|---|---|
| Insurance | 15 of 627 | 31 of 627 |
| Life insurance | 4 of 238 | 10 of 238 |
| Car insurance | 3 of 279 | 12 of 279 |
| Home insurance | 4 of 258 | 11 of 258 |
| Pet insurance | 3 of 157 | 6 of 157 |
What we checked
Income Insurance
- income.com.sg: 12 facts, checked September 26, 2026
Lemonade
- lemonade.com: 10 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Income Insurance | Lemonade |
|---|---|---|
| Audience | Seniors | Not confirmed |
| Pricing model | Not confirmed | Monthly |
| Legal entity | Income Insurance Limited | Lemonade Insurance Company |
| Headquarters | Singapore | United States |
| Founded | 1970Lower | 2015 |
| Support channels | Phone, Email, Help centre | Phone, Email, Chat, Help centreCovers more |
Pros and cons
Income Insurance
Pros
- One insurer handles auto, home and life.
- Starting premiums of SGD 0.60, with the site's median starting premium at €8.31.
- Claims can be started through phone, email and online form.
Cons
- The pet policy starts at an excess of SGD 250, and its annual cover is capped at a set maximum.
- The pet line under auto, home and life only begins inside a set age band, so an older animal falls outside it.
- Pricing and cover sit in a single market, SG, and the only audience named is seniors.
Lemonade
Pros
- Premiums start at $5, and monthly payments keep the cost spread across the year.
- Monthly payments are available, so auto, home, renters, life and pet cover can be budgeted by month.
- Cover spans auto, home and renters, with life cover reaching Up to $100,000,000.
Cons
- Health and travel cover is not among its insurance types (auto, home and renters).
- Its starting premium of $5 sits above the figures shown for the listed alternatives.
- An annual single payment is not among its payment models (monthly).
Who each suits
Income Insurance
Who it suits
- Households in Singapore who want motor, home, life, health, travel, pet and motorcycle cover arranged with one provider.
- Seniors, the only audience named under seniors.
- Pet owners with a young animal who are comfortable paying SGD 250 first on a vet bill.
Who should look elsewhere
- Readers chasing the lowest starting premium on the site, since bunq and bunq Spain list €0 and €0.
- Anyone who needs cover in a market other than SG, for whom bunq Spain is the option here tied to a different country.
Lemonade
Who it suits
- People who want one monthly payment model across more than one kind of personal cover.
- People buying auto, home, renters, life or pet policies from an insurer rather than a broker.
- People who want claims and support in the app as well as over the phone.
Who should look elsewhere
- bunq, which lists a starting premium of €0, is a cheaper starting point on price.
- bunq Spain, whose listed starting premium of €0 also sits below Lemonade's figure.
- Linxea, which lists a higher starting premium of €25, sits in a different price band.
Current offers
Income Insurance
Current offer
Discount code
Up to 20% off + 188,000 STAR$ on Domestic Helper Insurance: up to 20% off + 188,000 STAR$
Promo code GDH188 at checkout for qualifying policies purchased via Income Insurance website or My Income app
Source, checked September 26, 2026
Bonus
Up to 8% cashback on first-year premium for Complete Life Secure: up to 8% cashback on first-year premium
Purchase of an eligible Complete Life Secure plan, with Early Critical Secure rider
Source, checked September 26, 2026
Lemonade
Current offer
Bonus
Rover gift card for new Lemonade Pet policyholders: Rover gift card
New Lemonade pet parents only; code unlocks 2 months after the pet policy starts; one code per account; available in select states; codes expire one year from issue
Source, checked September 26, 2026
First period offer
Pet bundle discount: 10%
Bundle pet insurance with other Lemonade policies (renters, homeowners, car); applies to the base accident and illness policy and vet visit fee and physical therapy add-ons
Source, checked September 26, 2026
First period offer
Pet multi-pet discount: 10%
Policy for more than one cat or dog in the same household
Source, checked September 26, 2026
First period offer
Pet annual payment discount: 5%
Pay for the pet policy annually instead of monthly
Source, checked September 26, 2026
Country by country
| Country | Income Insurance | Lemonade |
|---|---|---|
| France | No | Yes |
| Germany | No | Yes |
| Netherlands | No | Yes |
| Singapore | Yes | No |
| United Kingdom | No | Yes |
| United States | No | Yes |
Questions about each
Income Insurance
What kinds of insurance does Income Insurance sell?+
Income Insurance writes auto, home and life policies, so motor, home, life, health, travel, pet and motorcycle cover all sit with one provider. It is classed as an insurer rather than a comparison site, and it operates from SG.
What is the cheapest premium?+
The advertised starting premium is SGD 0.60. The site's median starting premium is €8.31, with a lower quartile of €2.92 and an upper quartile of €29.72. Income sits in the cheaper part of that range.
Lemonade
What is Lemonade's starting premium?+
Lemonade's starting premium is $5. The provider behind it is Lemonade Insurance Company, an insurer based in the US, and that figure sits above the starting premiums listed for bunq, bunq Spain and Linxea.
Can I pay for cover monthly?+
Yes, monthly payments are available, and monthly is the payment model Lemonade lists (monthly). That runs across the auto, home, renters, life and pet policies it offers, so the premium is spread through the year.
Other options to compare
Other matchups
- Income Insurance vs HelloSafe (Atlas)
- Income Insurance vs WorldTrips
- Income Insurance vs die Bayerische
- Income Insurance vs Porto Seguro
- Income Insurance vs KS/AUXILIA
- Income Insurance vs MyPhysicianPlan
- Income Insurance vs Polizza Vita con Bonus
- Income Insurance vs HanseMerkur Reiseversicherung AT
- Income Insurance vs Linxea
- Income Insurance vs HomeServe
- Income Insurance vs Explorer Travel Insurance
- Income Insurance vs TravelSecure
- Income Insurance vs Compass
- Income Insurance vs MSIG Insurance (Thailand)
- Income Insurance vs Vuso UA
- Income Insurance vs TIPINSURE
- Income Insurance vs Max Life Insurance
- Income Insurance vs Acko
- Income Insurance vs Nationwide
- Income Insurance vs DirectAsia
- Income Insurance vs Alior
- Income Insurance vs WAS Insurance