Work injury compensation insurance

MSIG vs Tokio Marine WICA insurance

MSIG and Tokio Marine 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, MSIG was cheaper on 2, Tokio Marine on 2. Neither is cheaper overall. 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	MSIG	Tokio Marine
Office20 staff	S$726.17SUMO	S$724.85TM Office Suite
Office20 staff, S$60,000 each	S$726.17SUMO	S$724.85TM Office Suite
Minimart3 staff	S$333.06SUMO	S$419.65TM Retail Suite
Minimart3 staff, S$60,000 each	S$333.06SUMO	S$419.65TM Retail Suite

Both packages for a professional services office with 20 staff

MSIG's and Tokio Marine's cheapest packages with WICA for a professional services office with 20 staff: a year, GST included.
Insurer	A year	Value score	Of which WICA	Public liability	Contents and stock
Tokio MarineTM Office Suite	S$724.85	37	About S$463.25	S$500,000	S$100,000
MSIGSUMOBuy Now	S$726.17	40	About S$442.60	S$1,000,000	S$100,000

Questions people ask

Is MSIG or Tokio Marine cheaper for WICA?

Of the 4 typical employers both are shown for on our pages, MSIG was cheaper on 2, Tokio Marine on 2. Neither is cheaper overall. Your own business can change the order.

How much of each price is WICA?

For a professional services office with 20 staff: MSIG about s$442.60 of S$726.17; Tokio Marine about s$463.25 of S$724.85.

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.