#554 ft. Tan Kin Lian - Income-Allianz Deal: Is NTUC Income’s Social Mission Still Relevant?

With the recent spotlight on the Income-Allianz deal, we wanted to get a better understanding of Income’s original social mission and why people are feeling anxious about the deal. So we got former NTUC Income CEO Tan Kin Lian himself to come by the YLB studio to give us a “NTUC Income 101” lesson based on his 30 years of experience leading the cooperative. We go into the nuts and bolts about why policyholders need more assurance, whether NTUC Income’s original social mission is still relevant, and how Tan thinks this saga will play out.Nominate a Senior over 60 for Folklory!We’ll be recording 60 Folklories with 60 Singaporeans above 60 yrsSo if you know someone with stories & lessons to share, send us their details!This will be part of our “Words of Wisdom” Project as part of SG60Nominate someone by clicking here, and we’ll be in touch!Our New Podcast, TELL YOU FIRSTCheck out our new edutainment podcast that dives into a fascinating array of topics you never knew you needed to know! This week, we talk about the wacky world of wedding gatecrashing in Singapore!Listen on melistenListen on SpotifyListen on Apple(00:00) Words of Wisdom(00:42) Intro(05:30) Business vs. Co-operative(17:43) What Tan Thinks Is the Reason NTUC Income Corporatized(20:20) Is It Still Realistic For Businesses to Have Social Missions?(26:27) Can NTUC Enterprise Still Be Considered A Social Enterprise?(36:46) Is The Sale Really Income's Only Way Of Survival?(44:27) Is There Still Any Due Diligence That Can Be Done?(50:07) Are There Any Safeguards to Protect Policy-holders?(55:34) Current & Prospective Income Policy-holders: What Should You Do?(01:00:37) One Shiok ThingFind us here!Our websiteYLB SubredditYLB Telegram ChannelYLB TikTokYLB IGYLB YouTubeReference LinksWhat to know so far about the Income-Allianz sagaOpen letter to MAS on sale of Income Insurance to AllianzNTUC Enterprise, Income Insurance rebut former CEO’s criticisms about Allianz offerNTUC pledges to hold Income to commitment of keeping two existing low-cost insurance schemes affordableFind Tan Kin LianFacebookTikTokOne Shiok ThingImpressions of Monet at Gardens By The BayFemke Bol anchors Netherlands to Epic Comeback Mics and Headphones from @shureChairs from @ergotunechairEdited and mixed by Tristen Yeak  Hosted on Acast. See acast.com/privacy for more information.