Dear readers, on the potential deal regarding Allianz and Income Singapore, I believe, at least for myself, that where insurances are concerned, policyowners especially those vested with Income Singapore, will just prefer to have reasonably priced plans and policies, and that is all.
The gist of this whole discussion in the community, notwithstanding assurance from Allianz and Income Singapore, about the potential deal is whether the decent insurance pricing (premiums for plans) will stay if the goal of Income Singapore becomes linked to profits.
As an investor myself, this whole episode also stretches my insights as to how far sale of Singapore firms to foreign companies can go.
Throughout my years as an investor, I saw good home-grown companies like Goodpack sold to foreign firm. And even big corporate companies like NOL which can easily count as a Singapore icon sold to foreign companies.
I am surprised now that even a home-grown Singapore insurance company and to add it is Income Singapore may be potentially acquired next by a majority stake by a foreigner company.