Updated September 29, 2026 · SumCue Editorial Team
Income Insurance vs MyPhysicianPlan
Income Insurance
Higher score in this comparison
MyPhysicianPlan
Income Insurance vs MyPhysicianPlan: the differences
| Compare | Income InsuranceReviewVisitVisit | MyPhysicianPlanReviewVisitVisit |
|---|---|---|
| Premium from | SGD 0.60 | $75 |
| Insurance types | Auto, Home, Life, Health, Travel, Pet, MotorcycleCovers more | Health, Travel |
| Provider type | Insurer | Broker |
| Cover limit | S$8,500 - S$27,000 maximum annual coverage per policy year (Happy Tails Pet Insurance) | $50K-$200K |
| Age range | Pet insured must be at least 16 weeks old and below 9 years old at policy start | up to 99 years |
| Monthly payments | Not confirmed | Yes |
| Excess from | SGD 250 | Not confirmed |
| Claims channels | Phone, Email, Online form, Mobile app, Customer portal | Not confirmed |
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 8.7.
- Insurance types: only Income Insurance offers Auto, Home, Life.
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.
MyPhysicianPlan
MyPhysicianPlan suits travellers seeking cover across health and travel through a broker setup shown as broker with monthly payments available, with premiums starting at $75. Cover limits run $50K-$200K with eligibility described as up to 99 years, while support runs on phone only, so expectations around contact should be set before applying.
Score breakdown
| Area | Income Insurance | MyPhysicianPlan |
|---|---|---|
| Cost | 9.1HigherStarting premium of SGD 0.60 ranks 25 of 251 brands on premium from, while pet cover carries an excess of SGD 250. | 8.7Premiums start at $75 with monthly payments available for budgeting |
| Offer | 9.5Higher | 8.4Cover spans health and travel with limits of $50K-$200K for medical needs |
| Trust | 9.5Higher | 8.8Operated by MyPhysicianPlan, Inc. based in US with phone contact |
What each covers
| Insurance types | Income Insurance | MyPhysicianPlan |
|---|---|---|
| Auto | Yes | No |
| Home | Yes | No |
| Life | Yes | No |
| Health | Yes | Yes |
| Travel | Yes | Yes |
| Pet | Yes | No |
| Motorcycle | Yes | No |
Where they rank in our lists
| Ranking | Income Insurance | MyPhysicianPlan |
|---|---|---|
| Insurance | 15 of 627 | 2 of 627 |
| Health insurance | 5 of 200 | 1 of 200 |
| Travel insurance | 8 of 278 | 1 of 278 |
Where these facts come from
Income Insurance
- income.com.sg: 12 facts, checked September 26, 2026
MyPhysicianPlan
- myphysicianplan.com: 7 facts, checked September 29, 2026
Every fact side by side
| Fact | Income Insurance | MyPhysicianPlan |
|---|---|---|
| Audience | Seniors | Not confirmed |
| Pricing model | Not confirmed | Monthly |
| Legal entity | Income Insurance Limited | Not confirmed |
| Headquarters | Singapore | Not confirmed |
| Founded | 1970 | Not confirmed |
| Support channels | Phone, Email, Help centre | Not confirmed |
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.
MyPhysicianPlan
Pros
- Cover across health and travel keeps health and travel protection under the same broker arrangement
- Cover limits of $50K-$200K give a clear ceiling for planning treatment costs abroad
- Eligibility described as up to 99 years accommodates mature travellers who face tighter age rules elsewhere
Cons
- Support runs on phone only, which limits choice if you prefer chat or email contact
- Cover focuses on health and travel only, so households wanting auto or home cover may prefer AXA
- Premiums start at $75, which sits above TravelSecure at €5 for trip only needs
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.
MyPhysicianPlan
Who it suits
- Travellers wanting health plus travel cover in health and travel rather than life cover from Polizza Vita con Bonus
- People who value monthly payments and phone contact via phone over chat led service from AXA
Who should look elsewhere
- Households seeking life cover should consider Polizza Vita con Bonus, which focuses on life rather than health and travel
- Trip only buyers sensitive to entry price may prefer TravelSecure at €5 rather than MyPhysicianPlan at $75
Current offers
Income Insurance
Current offer
Discount code
Up to 20% off + 188,000 STAR$ 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
Country by country
| Country | Income Insurance | MyPhysicianPlan |
|---|---|---|
| Singapore | Yes | No |
| 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.
MyPhysicianPlan
How much does MyPhysicianPlan cost to start?+
Premiums start at $75 for MyPhysicianPlan cover. The exact amount you pay will depend on the plan options selected, the level of cover chosen and personal circumstances. Monthly payments are available, which can help spread the cost rather than requiring payment in a lump sum.
Can I pay for MyPhysicianPlan in instalments?+
Monthly payments are available with MyPhysicianPlan, which suits travellers who prefer to budget through regular instalments. This structure aligns with its monthly model and can make planning medical and travel protection more predictable. Terms around billing dates and plan changes should be checked before applying.
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