SNACK Investment also provides withdrawal flexibility at no additional fees and accidental death coverage with the sum assured pegged at 105% of the net premiums paid.
NTUC Income has launched SNACK Investment, which it bills as the industry’s first micro investment-linked plan (ILP), on Sept 20.
Available on the SNACK by Income mobile app, SNACK Investment allows consumers to build their investment portfolios with “bite-sized” premiums ranging from $1 to $10 while providing insurance coverage. Users have the flexibility to adjust their premiums on the app.
