In a Facebook post, the airline stated that it will pay $10,000 (£7,800) to those who sustained minor injuries. For passengers with more serious injuries, the airline is providing an advance payment of $25,000 to address their immediate needs and further discussions will be held to meet their specific circumstances.
The incident occurred on flight SQ 321 when it encountered turbulence over Myanmar and was diverted to Thailand in May. A 73-year-old British passenger died, and dozens more were injured.
Singapore Airlines has not yet responded to a BBC News request for further information on how many people will be entitled to the payments. More than a hundred people who had been on SQ 321 were treated in Bangkok hospital after the incident.
The company also stated that it would offer a full fare refund to all passengers on the flight, including those who did not suffer any injuries. Additionally, passengers will receive delay compensation in accordance with European Union or United Kingdom regulations.
The incident has raised attention to seatbelt practices, as airlines usually allow passengers to undo their belts during normal cruise conditions.