Leading telecommunications provider teams up with SNACK by NTUC Income to help customers purchase insurance coverage aligned with lifestyle habits
Singapore, 19 August 2020 – MyRepublic today announced a partnership with SNACK by NTUC Income (SNACK), Singapore’s first-of-its-kind bite-sized, stackable insurance that embeds the purchase of micro-insurance into consumers’ lifestyles. Through this collaboration, MyRepublic subscribers will be able to enjoy a higher sum of insurance coverage for Personal Accident plans on their first insurance policy purchase via the SNACK mobile app.
As part of the collaboration with SNACK, MyRepublic subscribers will receive a complimentary one-time $1,500 insurance coverage on their Personal Accident insurance plan. They can also continue to build up their coverage as they go about daily activities, from taking public transport, to clocking steps during runs or walks and ordering meals. To enjoy the upsized coverage, MyRepublic customers simply have to key in a promo code on the SNACK app. The promo code is valid from now until 31st December 2020.
Keeping customers protected while staying connected
With the increased reliance on digital technology for work and leisure, consumers’ lifestyle and digital consumption habits are rapidly evolving – more time is now spent online working remotely, gaming and streaming the latest series on Netflix. The collaboration between MyRepublic and SNACK taps into these lifestyle routines, to allow consumers to build up personal insurance coverage while having the flexibility and freedom to manage their protection portfolio – all at the tips of their fingers.
With MyRepublic, subscribers get to enjoy the fastest streaming speeds, Steam game download speeds and better WiFi coverage (with the Google Nest WiFi plan) to supplement their home entertainment lifestyle. With SNACK, customers can gradually build their insurance coverage 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.
Commenting on the collaboration, Lawrence Chan, Managing Director, MyRepublic Singapore, said, “As a leading provider of digital connectivity, ensuring a no-fuss and worry-free experience for all customers has always been a top priority for MyRepublic. With consumers’ lifestyle habits changing and evolving, we are excited to be collaborating with SNACK to offer our subscribers simple, seamless access to insurance, which is often a complex subject for many. Together with SNACK, we want to let consumers’ lifestyles keep them covered.”
Max Tiong, Head of Transformation, Income, added, “We are constantly looking out for opportunities to extend insurance access to more people in Singapore, and we are happy to work with MyRepublic who shares the same vision as us. We hope that SNACK will provide unparalleled flexibility for MyRepublic subscribers to purchase insurance on-the-go while staying protected.”
For more information on MyRepublic’s broadband plans, visit https://myrepublic.net/sg/