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Anonymous

Posted on 16 Jun 2020

What are your thoughts on Snack by income micro insurance policies?

Https://snackbyincome.sg/

Happen to saw this in the news recently where some predefined activities in your daily life would act as trigger activity to pay a small premium for a micro insurance policy.

I thought it was a nice idea where it become micro purchases that might not seem to large and daunting. Wonder what are your views on it ? Pro , Cons, etc. I was thinking of starting small with a critical illness plan by SNACK and slowly accumulate coverage as i travel using my EZ link.

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Ow Jie Liang

Ow Jie Liang

Level 10. Master

Posted on 09 Aug 2020

I do not follow them very closely. However, I think it is a good thing that there are new concepts being developed for consumers. The insurance industry is ripe for disruption and those who do not adapt will eventually end up as a statistic.

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