MSIG · Work injury compensation insurance
MSIG work injury compensation insurance
MSIG's work injury compensation, sold in its business package, priced for typical employers from its published rates, where it stands against the other insurers, and how to take it up.
In short
- Shown for 4 of our typical employers, from S$333.06 to S$726.17 a year; the cheapest shown on 0.
- MSIG is on MOM's list of designated WICA insurers (as at 23 September 2026). MOM's designated insurers.
- You buy on MSIG's own site: Buy Now takes you there, and MSIG issues the policy.
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.
Its price for each employer
| Employer | Plan | A year | Of which WICA | Place | Lowest of all |
|---|---|---|---|---|---|
| Office20 staff | SUMO | S$726.17 | About S$442.60 | 3 of 4 | S$708.50 (HL Assurance) |
| Office20 staff, S$60,000 each | SUMO | S$726.17 | About S$442.60 | 3 of 6 | S$708.50 (HL Assurance) |
| Minimart3 staff | SUMO | S$333.06 | Included in the package price | 2 of 6 | S$316.10 (HL Assurance) |
| Minimart3 staff, S$60,000 each | SUMO | S$333.06 | Included in the package price | 2 of 8 | S$316.10 (HL Assurance) |
MSIG for a professional services office with 20 staff
| Insurer | A year | Value score | Of which WICA | Public liability | Contents and stock |
|---|---|---|---|---|---|
| MSIGSUMOBuy Now | S$726.17 | 40 | About S$442.60 | S$1,000,000 | S$100,000 |
- Priced as MSIG’s Office plan.
- Of this price, work injury compensation is about S$442.60.
How these prices are worked out
Each package is priced from the insurer’s own published rates: the tables swept off Etiqa’s, HL Assurance’s and MSIG’s online quotes, Income’s sampled online prices, and the premium tables on Sompo’s, EQ’s, Tokio Marine’s and Great American’s application forms, with contents at the packages’ minimum of S$75,000 and no building. The WICA share is the same package priced without WICA, taken off. GST is included. Work injury is at each insurer's office-staff rate; staff who do manual work are rated higher. Allianz quotes its package live, so it is not on these pages. Shenton Brokers is an insurance broker in Singapore. Every employer is in a CSV file, updated daily.
Questions people ask
How much is MSIG WICA insurance?
As a business package with WICA for all staff, for the 4 typical employers it is shown for on our pages, from S$333.06 to S$726.17 a year on today's published rates, GST included. It is the cheapest shown for 0 of them.
How much of MSIG's price is WICA?
For a professional services office with 20 staff, SUMO: about s$442.60 of S$726.17.
What else does MSIG's package cover?
SUMO: contents and stocks S$100,000; public liability S$1,000,000; work injury compensation 20 employees; money and business interruption included.
Can MSIG issue WICA?
MSIG is on MOM's list of designated WICA insurers (as at 23 September 2026).
How do I get MSIG's WICA?
You buy on MSIG's own site: Buy Now takes you there, and MSIG issues the policy. Ask Shenton to arrange sends us the plan and we arrange it for you.