Income Insurance Limited and the National Council of Social Service (NCSS) have announced the launch of the Income OrangeAid Caregiver Support Accelerator Grant, a $10 million initiative designed to bolster the capabilities of Social Service Agencies (SSAs) in Singapore. This programme, set to run from 2025 to 2030, aims to address the mental well-being and retirement adequacy of caregivers, who, according to the NCSS’ 2024 Quality of Life Study, experience a lower quality of life compared to non-caregivers.
The grant will support up to 20 caregiver programmes, with each receiving up to $200,000 in the first two years and $100,000 in the third year. This funding is intended to help SSAs develop sustainable support systems for caregivers, ensuring they can maintain their well-being whilst caring for loved ones. Andrew Yeo, CEO of Income Insurance, emphasised the importance of this initiative, stating, “Caregivers are essential to the well-being of families, and we believe that when caregivers are better supported over time, it will have a multiplier effect in improving their families’ overall resilience too.”
The grant is part of Income Insurance’s broader commitment to invest $100 million in Singapore communities by 2030. It also aligns with the national call for stronger partnerships between the public, private, and people sectors to strengthen Singapore’s social compact. The first grant call will open in September 2025, with the second in 2027, and SSAs are encouraged to apply early to secure funding.
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