Updated September 29, 2026 · AssureCue Editorial Team
HanseMerkur vs Income Insurance
HanseMerkur vs Income Insurance: the differences
| Compare |  HanseMerkur |  Income Insurance |
|---|---|---|
| Premium from | €3.36 | SGD 0.60 |
| Insurance types | Auto, Dental, Health, Pet, Travel | Auto, Home, Life, Health, Travel, Pet, Motorcycle |
| Excess from | €150 | SGD 250 |
| Claims channels | Online | Phone, Email, Online form, Mobile app, Customer portal |
| Monthly payments | Yes | Not confirmed |
| Cover limit | Not confirmed | S$8,500 - S$27,000 maximum annual coverage per policy year (Happy Tails Pet Insurance) |
| Age range | Not confirmed | Pet insured must be at least 16 weeks old and below 9 years old at policy start |
Same on both: Provider type (Insurer).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Income Insurance scores higher overall: 9.4 vs 9.3.
- Founded is lower at HanseMerkur: 1875 vs 1970.
- Insurance types: only HanseMerkur offers Dental.
- Insurance types: only Income Insurance offers Home, Life, Motorcycle.
- Claims channels: only HanseMerkur offers Online.
- Claims channels: only Income Insurance offers Phone, Email, Online form.
Our verdict on each
HanseMerkur
HanseMerkur suits households seeking cover for auto, dental, health, pet and travel under direct insurer management with monthly payments available, while listed premiums sit at €3.36 with excess at €150. Support spans email, help centre and phone and claims run through online for straightforward administration.
Income Insurance
Income Insurance suits anyone who wants a single insurer to hold several personal policies from a company based in Singapore, and it scores 5.6 here. On entry price it ranks 24 of 252 brands, so get a quote on your own details before committing to any plan.
Score breakdown
| Area | HanseMerkur | Income Insurance |
|---|---|---|
| Cost | 9.0Listed premium sits at €3.36 with monthly payments available. | 9.1HigherPremiums from SGD 0.60 sit below the site median of €8.37, while the pet excess starts at SGD 250. |
| Offer | 8.8Cover spans auto, dental and health with claims through online. | 9.6Higher |
| Trust | 9.8HigherDirect placement as insurer with support through email, help centre and phone. | 9.5 |
Side by side, item by item
| Insurance types | HanseMerkur | Income Insurance |
|---|---|---|
| Auto | Yes | Yes |
| Home | No | Yes |
| Life | No | Yes |
| Health | Yes | Yes |
| Travel | Yes | Yes |
| Pet | Yes | Yes |
| Motorcycle | No | Yes |
| Dental | Yes | No |
How they place
| Ranking | HanseMerkur | Income Insurance |
|---|---|---|
| Car insurance | 1 of 393 | 8 of 393 |
| Health insurance | 2 of 215 | 7 of 215 |
| Travel insurance | 3 of 291 | 11 of 291 |
| Pet insurance | 2 of 161 | 6 of 161 |
| Business insurance | 3 of 150 | 9 of 150 |
Choosing between them
Pick HanseMerkur if trust matter most.
Pick Income Insurance if offer matter most.
Every fact side by side
| Fact | HanseMerkur | Income Insurance |
|---|---|---|
| Audience | Not confirmed | Seniors |
| Pricing model | Monthly | Not confirmed |
| Legal entity | HanseMerkur Krankenversicherung auf Gegenseitigkeit | Income Insurance Limited |
| Headquarters | Germany | Singapore |
| Founded | 1875Lower | 1970 |
| Support channels | Email, Help centre, Phone | Phone, Email, Help centre |
Business insurance
| Fact | HanseMerkur | Income Insurance |
|---|---|---|
| Cover types | Not confirmed | Professional indemnity |
Pros and cons
HanseMerkur
Pros
- Operates as insurer, so cover, servicing and claims sit under direct management.
- Lists cover across auto, dental and health, including auto, health, travel, pet and dental in a single portfolio.
- Monthly payments are available, with billing model shown as monthly for budgeting flexibility.
Cons
- Excess sits at €150, which adds upfront cost on eligible claims.
- Claims run through online only, which limits how claims can be started.
- Support runs through email, help centre and phone only, without live chat for urgent queries.
Income Insurance
Pros
- A single insurer for the lot: auto, home and life and professional indemnity can sit with the same company, so personal and trade policies need not be split across providers.
- Claim handling runs through phone, email and online form, so you can start a claim by whichever route suits the moment, from a form to a call.
- Support is listed as phone, email and help centre, so a quote or renewal question has a phone line, an inbox and a help centre behind it.
Cons
- The pet excess starts at SGD 250, so a routine claim still leaves that amount with you before the insurer pays anything.
- The pet age range rules older animals out: the pet must be above a minimum age and below a maximum age at the policy start.
- The pet cover limit moves through a fixed annual range under Happy Tails Pet Insurance rather than a single high ceiling, so a costly year at the vet can outrun the policy.
Who each suits
HanseMerkur
Who it suits
- Households seeking several personal lines together, with cover across auto, dental and health.
- Readers who value direct insurer management, as HanseMerkur operates as insurer.
- Budget planners wanting instalments, since monthly payments are available under monthly.
Who should look elsewhere
- Readers wanting live chat support may prefer checking andsafe, since HanseMerkur support runs through email, help centre and phone only.
- Readers seeking cover outside auto, dental, health, pet and travel may look at Hiscox, as HanseMerkur lists auto, dental and health.
Income Insurance
Who it suits
- Anyone who wants their auto, home and life cover gathered under a single insurer rather than split across providers.
- Seniors, named as an audience on seniors, and households that still want a phone line on phone, email and help centre.
- Pet owners whose animal sits inside the age window and whose yearly vet bills stay under the pet cover limit.
Who should look elsewhere
- Anyone chasing the lowest entry figure on its own: bunq starts at €0, which is the number to weigh before settling on Income Insurance.
- Renters who need contents-only cover, since Good Sam Insurance Agency lists auto, home and renters and that line is missing from auto, home and life.
- Pet owners with older animals or very large veterinary bills, who are better served by a pet-focused insurer than by Income Insurance.
Current offers
Income Insurance
Current offer
Discount code
Up to 20% off + 188,000 STAR$ on Domestic Helper Insurance: up to 20% off + 188,000 STAR$
Promo code GDH188 at checkout for qualifying policies purchased via Income Insurance website or My Income app
Source, checked September 26, 2026
Bonus
Up to 8% cashback on first-year premium for Complete Life Secure: up to 8% cashback on first-year premium
Purchase of an eligible Complete Life Secure plan, with Early Critical Secure rider
Source, checked September 26, 2026
Country by country
| Country | HanseMerkur | Income Insurance |
|---|---|---|
| Germany | Yes | No |
| Singapore | No | Yes |
Questions about each
HanseMerkur
What is the starting premium at HanseMerkur?+
Listed premium for HanseMerkur sits at €3.36. Actual pricing varies by cover type, excess selected, personal details and underwriting terms, so readers should obtain a tailored quote for auto, health, travel, pet or dental cover before comparing.
What excess applies to HanseMerkur cover?+
Excess at HanseMerkur sits at €150. The excess shapes claim costs because policyholders meet that share before insurer payment applies. Readers should check which claims carry excess, whether options differ by product and how excess affects renewal pricing.
Income Insurance
How much does cover start at?+
Premiums begin at SGD 0.60. That is the entry figure across Income Insurance products and a starting point rather than a quote for your own situation. The cover you pick and the details you give shape the price you are offered, so read it as the entry point of the range, not the amount you are likely to pay.
Is there an excess to pay on a claim?+
On Happy Tails Pet Insurance, the excess starts at SGD 250. The excess is the part of a claim you cover yourself before the insurer pays the rest. A lower excess is gentler on a routine vet visit, while a higher starting excess keeps the premium smaller. Picture a normal appointment and check that the amount you would pay alone still feels comfortable.
Other options to compare
Other matchups
- Income Insurance vs WorldTrips
- HanseMerkur vs die Bayerische
- Income Insurance vs Hiscox UK
- Income Insurance vs Aviva
- Income Insurance vs DZI
- HanseMerkur vs KS Auxilia
- Income Insurance vs MyPhysicianPlan
- Income Insurance vs Polizza Vita con Bonus
- Income Insurance vs HanseMerkur Reiseversicherung AT
- Income Insurance vs Linxea
- HanseMerkur vs Explorer Travel Insurance
- HanseMerkur vs TravelSecure
- HanseMerkur vs HelloSafe (Atlas)
- Income Insurance vs MSIG Insurance (Thailand)
- Income Insurance vs TIPINSURE
- Income Insurance vs Vuso UA
- Income Insurance vs Lemonade
- Income Insurance vs Compass
- HanseMerkur vs Getsafe
- Income Insurance vs Acko
- Income Insurance vs DirectAsia
- HanseMerkur vs WAS Insurance
- Income Insurance vs YouSet
- HanseMerkur vs MoneyHero
- Income Insurance vs BizCover (Australia)