SNACK by Income

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Use your spare change to build up protection at your own pace without having to think about it. Accumulate sizeable protection for yourself whenever you eat, shop and play!

SNACK by Income Singapore Quick Overview

Developed by NTUC Income, a Direct Insurer licensed by the Monetary Authority of Singapore, SNACK by income is a game changer for insurance purchase in Singapore. It is a mobile application that embeds the purchase of micro-insurance into your lifestyle.

The Belief: Your lifestyle INSURES you. Use your spare change to build up protection coverage while still living life to your fullest!

How SNACK works: SNACK offers micro-insurance, but you can’t buy them directly. The only way you can build your coverage is to link lifestyle activities to one of the offered insurance products and watch your coverage grow each time you perform that linked activity! Over time, your coverage builds up as you “trigger” more policies, and your total coverage is determined by the sum of total effective policies at that point of time.

What policies are available? Each time you complete or perform a lifestyle activity, you will be issued a micro-insurance policy that covers you for 360 days. Simply choose from a range of micro-insurance products, namely: Life, Personal Accident and Critical Illness insurance, with more to come.

What are triggers? A trigger happens when you perform a lifestyle activity that is linked to one of the three insurance products. Each time you perform that activity (tapping an ezlink card for a train ride, running 5,000 steps of fitbit etc), you will trigger a purchase of a micro-insurance plan on SNACK. Currently, we have three lifestyle activities on SNACK:
• EZ-link transactions for Transport (i.e. MRT/Bus rides)
• Burpple 1-for-1 deal redemptions under Food and Drink
• Steps tracked by Fitbit devices under Steps

SNACK by Income Singapore Opportunities Overview

What SNACK Offers: With micro-insurance coverage that is automatically purchased as you go about your day-to-day lifestyle activities, bid goodbye to long term commitments and lump-sum monthly / annual premiums. Instead, enjoy the flexibility of customising your coverage as you please (you can stop/start whenever you like too!) while still indulging in the things you love.

Instead of traditional insurance schemes which often equate to lump sum payments for coverage, SNACK offers micro-insurance at premiums of $0.30, $0.50 or $0.70 per policy.

* SNACK is only applicable to Singaporean Citizens and Singapore Permanent Residents only.