dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Technology

NTUC Income Launches SNACKFIT, A First-Of-Its-Kind Fitness And Lifestyle Proposition That Offers Bonus Insurance Coverage Based On Biological Age

  • December 23, 2021
Total
0
Shares
0
0
0

NTUC Income (Income) today launched SNACKFIT, a first-of-its-kind fitness and lifestyle proposition that offers bonus insurance coverage based on biological age. Available on the SNACK by Income mobile app, SNACKFIT calculates one’s biological age based on the fitness and activity data retrieved from linked fitness trackers, such as Garmin and Fitbit, and offers bonus insurance coverage when one’s biological age is younger than the actual age.

SNACKFIT is Income’s latest proposition on its lifestyle-based platform, joining other lifestyle-based propositions such as SNACKUP and SNACK Investment on the SNACK mobile app to make financial products more accessible.

SNACKFIT is powered by ReMark’s Biological Age Model BAMTM, a proprietary dynamic underwriting algorithm derived from global reinsurance company SCOR’s ground-breaking study about the correlation between mortality and morbidity risk and five physical activities. The algorithm analyses five key metrics – Steps, Active Calories, Resting Heart Rate, Sleep Hours and BMI – to calculate a person’s biological age.

Peter Tay, Chief Digital Officer, Income said, “More health risks may come with age and this association is a key consideration for insurers when adjusting insurance premiums generally. However, more Singaporeans are engaging in fitness activities to maintain their overall well-being. The National Population Health Survey showed that 33.4 per cent of Singapore’s population engaged in leisure-time physical activity outside of work or commuting in 2020, up from 29.4 per cent in 2017. SNACKFIT, is thus, an innovative and one-of-a-kind proposition that acknowledges and rewards users for adopting healthier lifestyles.”

“We are heartened to have found in ReMark a like-minded partner who enables us to tap on their data-driven proprietary algorithm, to not just make insurance lifestyle embedded and accessible, but also to incentivise a healthier lifestyle among our customers via SNACKFIT. With this industry-first fitness and lifestyle proposition, we are able to boost customers’ insurance coverage when they accumulate their insurance sum assured via micro premiums as they embark on health and fitness-related activities, a resounding win-win for users,” added Mr Tay.  

Vincent Shi, Head of Greater China and SEA, ReMark added, “Through this partnership with Income, we are able to bring our award-winning offerings, BAM and Good Life solution, into Singapore to benefit the growing digital-first population who are increasingly taking a more proactive stance towards keeping fit. From our annual consumer survey, more than 1 in 2 Singaporeans increased their life or health insurance cover during the pandemic, and nearly 70% selected health & wellness apps as one of their top 3 ways to improve their general health. We’re very excited by this partnership and feel it can make a real difference to the lives of end-users.” 

Getting Bonus Insurance Coverage with SNACKFIT

SNACKFIT gives users bonus insurance coverage when their biological age is lower than their actual age. A consumer’ biological age can be calculated with the Biological Age Model BAMTM based on their previous day’s activity data received from their fitness trackers. Following which, the consumer will receive the bonus insurance coverage on their micro policies issued the next day. The amount of bonus insurance coverage issued will be dependent on how much younger a consumer’s biological age is, as compared to their actual age.

The table below illustrates how a consumer can receive bonus insurance coverage based on S$500 coverage for every S$0.30 premiums paid on a Life policy, if their biological age, based on his/her activity data, is younger than his/her actual age:


SNACK by Income will also be growing its ecosystem of fitness and health-related partners by teaming up with SNACKUP brands such as Garmin, Revolution, Innervate Fitness and more to cultivate a captive fitness community on SNACK. Users can also enjoy and accumulate more insurance coverage when they spend with these participating partners.

For more information, visit https://www.snackbyincome.sg/ or download the SNACK app from the App Store or Google Play Store.

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • BAM
  • Biological Age Model
  • Income
  • NTUC Income
  • ReMark
  • SNACK
  • SNACKFIT
dotlah.com

Previous Article
  • Technology

Singtel’s Dash Partners UOB Asset Management To Offer Mobile Robo-Adviser With Exclusive ESG Option

  • December 22, 2021
View Post
Next Article
  • Science

NUS Researchers Identify Novel Pathways Responsible For Liver Cancer

  • January 20, 2022
View Post
You May Also Like
View Post
  • Gears
  • Technology

Meet Samsung Galaxy Tab S11 Series: Packing Everything You Expect From a Premium Tablet

  • Dean Marc
  • September 4, 2025
View Post
  • Technology

Malaysia’s ‘ASEAN Shenzhen’ needs some significant legal reform to take off — here’s how

  • dotlah.com
  • August 25, 2025
View Post
  • Gears
  • Technology

Samsung Electronics Debuts Odyssey G7 Monitors, Showcasing Top Games on Its Displays at Gamescom 2025

  • Dean Marc
  • August 20, 2025
View Post
  • Artificial Intelligence
  • Technology

Thoughts on America’s AI Action Plan

  • Dean Marc
  • July 24, 2025
View Post
  • Technology

ESWIN Computing launches the EBC77 Series Single Board Computer with Ubuntu

  • dotlah.com
  • July 17, 2025
View Post
  • Gears
  • Technology

Samsung Galaxy Z Fold7: Raising the Bar for Smartphones

  • Dean Marc
  • July 9, 2025
View Post
  • Cities
  • Technology

Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore

  • dotlah.com
  • June 20, 2025
View Post
  • Technology

Apple services deliver powerful features and intelligent updates to users this autumn

  • Dean Marc
  • June 12, 2025


Trending
  • 1
    • Cities
    • Lah!
    CapitaLand Ranked As One Of The World’s Most Sustainable Corporations For The Ninth Time
    • January 26, 2021
  • 2
    • Lah!
    First Time In Singapore? Here’s A List Of Do’s And Don’ts
    • June 11, 2019
  • 3
    • Technology
    New SIA-NUS Corporate Laboratory To Spur Digital Innovation In Singapore’s Aviation Sector
    • January 20, 2022
  • business-meeting-5395567_1280 4
    • Business
    • People
    Top 7 Benefits Of Effective Professional Communication
    • February 27, 2021
  • 5
    • Technology
    Go Ignite Partners Seek 5G Use Cases In Global Call For Startups
    • July 24, 2020
  • 6
    • Lah!
    Singapore Navy’s Information Fusion Centre Takes Part In Multilateral Exercise SEACAT To Enhance Regional Cooperation In Maritime Security
    • August 22, 2021
  • 7
    • Cities
    The US Cities Where Apartment Rents Are Rising The Fastest
    • March 4, 2020
  • 8
    • Cities
    • Lah!
    ATSG Enters Commitment With EFW For 29 A330P2F Conversions
    • March 7, 2022
  • 9
    • People
    Black Americans Mostly Left Behind By Progress Since Dr. King’s Death
    • January 20, 2020
  • 10
    • People
    • Technology
    How Coronavirus Is Shaping The Future Of The Workplace
    • July 7, 2020
  • Crab 11
    • Engineering
    • Gears
    • Software
    The Best Friends for a Rustacean. Top Books in Learning Rust.
    • August 25, 2024
  • 12
    • Cities
    Total solar eclipses provide an opportunity to engage with science, culture and history
    • March 19, 2024
Trending
  • Smart Watch 1
    Best Smartwatches, Your Gateway to Health Monitoring and Everyday Use
    • October 5, 2025
  • Cooking pots and pans 2
    Best Pots and Pans 2025: All-Season, All-Purpose Picks for Every Kitchen
    • September 23, 2025
  • 3
    Politicians love comparing NZ’s economy to Singapore or Ireland – but it’s simplistic and misleading
    • September 21, 2025
  • Kitchen Knives - Best All-Around Picks in 2025 4
    Kitchen Knives : The Surgeons of Cooking – Best All-Around Picks in 2025
    • September 15, 2025
  • 5
    Apple unveils iPhone 17 Pro and iPhone 17 Pro Max, the most powerful and advanced Pro models ever
    • September 9, 2025
  • 6
    Apple debuts iPhone 17
    • September 9, 2025
  • Fruits and vegetables for cooking. For food processors. 7
    Food Processor: The Swiss Army Knife of the Kitchen – Best All-Around Picks in 2025
    • September 8, 2025
  • 8
    Meet Samsung Galaxy Tab S11 Series: Packing Everything You Expect From a Premium Tablet
    • September 4, 2025
  • 9
    Malaysia’s ‘ASEAN Shenzhen’ needs some significant legal reform to take off — here’s how
    • August 25, 2025
  • French Fries 10
    Air Fryer: The One Cooking Appliance to Rule Them All – Best All-Around Picks in 2025
    • August 22, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.