Singapore's SNACK grants $1,500 insurance coverage to MyRepublic customers

Customers simply need to sign-up for a Personal Accident plan on the SNACK app.

Singapore internet company MyRepublic has partnered with insurer SNACK by NTUC Income that will enable its subscribers to enjoy a higher sum of insurance coverage for Personal Accident plans on their first insurance policy purchase with SNACK, an announcement revealed.

MyRepublic subscribers will receive a complimentary one-time $1,500 insurance coverage on their Personal Accident insurance plan.

To enjoy the upsized coverage, MyRepublic customers will have to key in a promo code on the SNACK app, which is valid until 31 December.

SNACK is Singapore’s first-of-its-kind bite-sized, stackable insurance that embeds the purchase of micro-insurance into consumers’ lifestyles.

SNACK customers can gradually build their insurance by paying micro-premiums at either $0.30, $0.50 or $0.70, and accumulate Term Life (TL), Critical Illness (CI) and Personal Accident (PA) insurance coverage, linked to their preferred lifestyle activity.

Customers can also decide when and how frequent premiums are paid via the SNACK mobile app.