We’ve got intel on a game-changer that lets you accumulate insurance coverage while indulging in your fave lifestyle activities. Read on for first dibs and a sweet welcome offer!
Ah, insurance. As an average adult living in Singapore, you’ve probably been through your fair share of discussions on the best policies and types of coverage to get. Among factors like affordability, flexibility and cost-effectiveness, it can be tricky to find a policy that’s best tailored to your lifestyle. Now, forget what you know about traditional insurance and say hello to a game-changer: SNACK by Income.
Flexible, convenient and affordable, you’ll be able to accumulate insurance coverage and rack up investments while going about your daily routine. Yes, this includes all the times you grab your matcha latte, do your weekly grocery shopping, and catch the latest blockbuster in cinemas. Sounds too good to be true? Keep reading as we break down how it works!
The TL;DR: Stay covered and invest in your future while living life
If traditional insurance is akin to hearty meals, think of SNACK by Income as the bite-sized treats you snack on throughout the day. Instead of committing to a long-term policy or forking out a hefty upfront cost, it’s all about taking things one bite at a time. Designed to fit seamlessly into your life, its micro-insurance and micro-investment products allow you to protect yourself and grow your wealth day by day.
Here’s how it works.
Step 1: Start by choosing between a micro-insurance (namely an accident, life or critical illness policy) and micro-investment product. You’ll be asked to link your go-to credit or debit card, and complete a quick questionnaire before you officially have an in-force product with SNACK.
Step 2: Next, choose a bite-sized premium amount to start with. This will be the amount of premium you’ll pay whenever you carry out a trigger activity. For insurance, premium payments per trigger are in affordable bite-sized amounts ($0.30, $0.50 or $0.70), while the payment for investments range from $1 to $10. Rest assured you won’t have to commit to any lump sum payment that can quickly cause a hole in your wallet.
Plus, you’ll get to set a weekly cap for the premium payment so you can monitor how much you’re contributing each week. This limit is flexible and can be adjusted anytime based on your finances and preferences.
Step 3: Finally, link a payment card and choose the type of lifestyle activities that will trigger your premium payments. Possible categories include food and drinks, transport, retail, groceries, entertainment, utilities and petrol. Likewise, these trigger activities and categories can be switched up anytime, depending on your preferences.
Depending on which categories you pick, you’ll be building your coverage when you carry out those daily activities. If you’ve opted for food and drinks, this means all your coffee runs and dinner dates will trigger a premium payment each time. Chose transport instead? You’ll trigger a premium payment every time you tap your card on the bus or pay for a taxi.
Once you are successfully onboarded, your insurance or investment policies will be conveniently automated. Your premium payments will start racking up over time, allowing you to acquire coverage and investments without any extra hassle. All you need to do is keep living your life as it is!
Flexible, convenient and affordable… What’s not to love?
As a 9-to-6 corporate slave worker, saving precious time and effort is very much welcomed. We love how the automated premium payments and lifestyle integration makes staying protected and investing such a breeze. Plus, it doubles up as a handy supplement to your existing plans, sans the large premiums and long-term contracts.
New to insurance and investment plans? You’re not left out either. SNACK is an entry-level and affordable way to get your foot into the door. You’re free to set a weekly cap that you’re comfortable with, or start and stop your policy payment anytime. Take it from us, it’s a financially savvy option, especially for those with commitment issues.
Let’s talk about perks. For starters, score sweet cashback (in the form of complimentary insurance coverage or investment units!) when you spend with merchant partners on your linked cards. Partners include Ryde (we’re looking at you, passenger princesses), as well as Foodpanda and iJooz for our fellow foodies.
Be sure to opt in for the challenges, too. Simply complete the stipulated tasks and you’ll be enroute to earning freebies, shopping vouchers, complimentary coverage and other rewards!
Ready to take a bite?
Feeling peckish after all that talk on insurance and investment? Perhaps it’s time for a snack, specifically SNACK by Income. Say hello to flexibility, convenience and affordability as you rack up coverage and investments day by day.
If you need more reason to take that bite, new users can redeem complimentary coverage to kickstart your journey. Plus, from now till 31 December 2024, score a $10 eCapitaVoucher when you start your insurance plan and issue $10 worth of insurance premiums. Don’t snooze on these welcome offers – download the SNACK mobile app to get started today!
This post is in partnership with SNACK by Income.
