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NTUC Income offers insurance coverage with bite-sized premiums

Locals can now pay as little as 30 Singapore cents to get critical illness, personal accident or term life coverage

Kelly Ng

Published Thu, Jun 11, 2020 · 09:50 PM

Singapore

SINGAPOREANS can now pay as little as 30 Singapore cents to get critical illness, personal accident or term life coverage, under NTUC Income's new micro-insurance model.

Dubbed Snack, these policies allow the insured to gradually accumulate coverage with bite-sized premiums of S$0.30, S$0.50 or S$0.70 tagged to their daily activities, such as travelling via public transport, working out, or ordering a meal.

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