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.

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.

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