Work injury compensation insurance

Etiqa vs Income WICA insurance

Etiqa and Income side by side on the same typical employers, as business packages with WICA for all staff, from their published rates.

By Sabrina Tan, Writer · Prices as of 12 Nov 2026, GST included.

Which is cheaper

Of the 4 typical employers both are shown for on our pages, Etiqa was cheaper on 4, Income on 0. Your own business can change the order.

HL Assurance is our one featured insurer for work injury compensation: you buy it through our Buy Now link. As on our work injury compensation page, a package from another insurer priced below HL Assurance’s is not shown, and a package whose WICA would leave a staff member out is not shown either.

Price for each employer

Each insurer's cheapest package with WICA for all staff, a year, GST included. Open an employer for every insurer's package and its Apply Now or Buy Now.
Employer	Etiqa	Income
Minimart3 staff	S$386.96BOSS Standard Suite	S$434.99SmartBiz 360 Essential
Minimart3 staff, S$60,000 each	S$386.96BOSS Standard Suite	S$569.97SmartBiz 360 Essential
Tuition centre3 staff	S$319.26BOSS Standard Suite	S$392.01SmartBiz 360 Essential
Tuition centre3 staff, S$60,000 each	S$319.26BOSS Standard Suite	S$464.01SmartBiz 360 Essential

Both packages for a minimart or provision shop with 3 staff

Etiqa's and Income's cheapest packages with WICA for a minimart or provision shop with 3 staff: a year, GST included.
Insurer	A year	Value score	Of which WICA	Public liability	Contents and stock
EtiqaBOSS Standard SuiteBuy Now	S$386.96	57	About S$62.13	S$500,000	S$100,000
IncomeSmartBiz 360 EssentialBuy Now	S$434.99	51	About S$134.99	S$1,000,000	S$100,000

Questions people ask

Is Etiqa or Income cheaper for WICA?

Of the 4 typical employers both are shown for on our pages, Etiqa was cheaper on 4, Income on 0. Your own business can change the order.

How much of each price is WICA?

For a minimart or provision shop with 3 staff: Etiqa about s$62.13 of S$386.96; Income about s$134.99 of S$434.99.

How do I buy it?

Buy Now takes you to the insurer’s own site, where you buy the package with WICA with your company’s real details and the insurer issues the policy. Sompo, EQ, Tokio Marine and Great American take an application form instead: Apply Now sends your details to us, and we get the form, help you fill it in and place the cover. Ask Shenton to arrange sends us the plan you picked and we arrange it for you.