- Individuals & Families
- Businesses
- Partners & Agents
Your home is more than bricks and mortar. It’s full of memories and you're reflected in every detail. So if you experience a claim, you’ll most likely want your life back, and to rebuild without hassles, headaches, or delay.
Designed to cover you and your family in the event of accident-related injuries and disabilities.
We know that innovative products go hand in hand with superior service. At Chubb, we offer a range of value-added services and customised solutions for that added advantage to meet various needs.
Chubb leverages superior underwriting expertise and world renowned claims, account services, and financial strength to offer solutions for small and medium businesses.
Today's multinational organizations face complex and interconnected risks. We offer insurance solutions that are tailored to global needs as well as local requirements, helping them address their risk management challenges.
Chubb has a proven track record of maximising ancillary revenue for more than 120 business partners across the globe.
Notification of Goods and Services Tax (GST) Rate Change
GST Rate Change
Please be informed that the Singapore Goods and Services (GST) will be increased from:
- 7% to 8%, with effect from 1 Jan 2023; and
- 8% to 9%, with effect from 1 Jan 2024.
As services provided by Chubb are subject to GST at the prevailing rate, the following will be applicable and reflected accordingly on your nominated account:
| If the policy enrolment/policy renewal takes place | GST applicable |
| Before 1 Jan 2023 | 7% |
| Between 1 Jan to 31 Dec 2023 | 8% |
| On/after 1 Jan 2024 | 9% |
For more details on GST Rate Change for Consumers, you may refer to:
www.iras.gov.sg/taxes/goods-services-tax-(gst)/gst-rate-change/gst-rate-change-for-consumers1
Frequently Asked Questions (FAQs)
For Policies Purchased in 2023
If I purchase a policy with premium fully paid on 20 Dec 2023 for coverage period from 20 Dec 2023 to 19 Dec 2024, what will be the applicable GST rate?
For full premium payment received before 1 Jan 2024, the GST rate applicable is 8%.
I received a renewal notice and tax invoice with 8% GST. However, I missed the payment in 2023, am I still entitled to the 8% GST based on the renewal notice and tax invoice?
For payment not received by 31 Dec 2023, you will receive a credit note with the corresponding 8% GST and revised tax invoice for the change in GST rate based on your period of insurance – 9% for period of insurance in 2024 and 8% for period of insurance in 2023.
For Policies Purchased in 2024
If I purchase a policy in 2024, for period of coverage which commences in 2023, am I entitled to 8% GST for the period of insurance in 2023?
No, all tax invoices issued in 2024 would reflect 9% GST.
Need Help?
Should you require any further clarifications on the GST rate change, you can drop us an email at CustomerService.SG@chubb.com.