Submitted by

Income Insurance Limited

Premium
06/04/2023 Insurance Innovation
A fin-lifestyle app that helps build up your investments and insurance a little at a time through your daily activities; so that you can focus on living your best life while we sort out your finances with our lifestyle top-ups, cashback, and deal subscription features. Stack free Cashback in the form of insurance coverage and investment units when you spend with your favourite brands!
Innovation details
Country
Singapore
Category
Connected Ecosystems & Marketplaces
Keyword
Insurance, Kids-targeted offerings, Gamification, Micro Insurance, Embedded finance & Super apps

Innovation presentation

Insurers in Singapore have been resilient, effectively navigating industry challenges over the years, as well as adopting new regulatory requirements. As consumers evolve to seek choice, convenience, and personalisation in their products and services, so must insurers to ensure these changing needs are met while proving greater accessibility to insurance. As one of Singapore's leading composite insurance provider of life, health, and general insurance, Income constantly seeks to disrupt the industry by breaking the barriers of conventional insurance. This has led to an innovative, industry-first lifestyle-based insurance proposition that revolutionises the way consumers engage with, purchase, and obtain insurance in Singapore. One of the gamechangers is SNACK and our suite of innovation micro-insurance and investment propositions that has evolved in the last two and half years since its launch, growing alongside customers to provide lifestyle-based financial planning while building an ecosystem of like-minded partners who see the value of insurance.

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more?

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.

Related Content