How does the 'snack' by income product work? Can someone help to share more?

I just tried it out last month also, overall its a pretty interesting product BUT mainly for these target groups:

• People who don't know what insurance they need in life

• People who don't already have existing insurance (eg health, life, CI, PA)

• People who are on the younger side, and maybe still studying (and parents didn't buy insurance for them)

For everyone else, and I think if you have an existing insurance agent, this may come at an excess and not really needed, because premiums may be low and trickle into protection, BUT the coverage also is not that high... as it's based on the premiums that come in when you do your "triggers" on a daily life basis.

You can take a look here: https://blog.moneysmart.sg/life-insurance/ntuc-...

It's great for those who can't afford a typical insurance plan and should not be considered a replacement.