SNACK By Income Insurance Referral

SNACK by Income is your solution to getting more out of life

Last updated on 04 Feb, 2026 3 min read Insurance, Investment, Managed Portfolio

[Feb 2026] No referral code available currently.

Table of Contents

About SNACK by Income

SNACK by Income is a digital platform that enables users to purchase micro-insurance and make small, automated investments through everyday lifestyle activities.

Offered by Income Insurance Limited, SNACK adopts a usage-based approach that differs from traditional insurance and investment products.

Instead of fixed premiums or long-term commitments, coverage and investments are triggered by selected activities configured within the app.

All features and benefits are subject to Income’s prevailing terms and conditions.

Who SNACK May Be Suitable For

SNACK may be suitable for individuals who:

Prefer flexible, pay-as-you-use insurance
Want low-commitment exposure to insurance or investments
Are comfortable managing financial products digitally

It may be less suitable for those seeking guaranteed returns, fixed premiums, or comprehensive long-term coverage without ongoing configuration.

Micro-Insurance Explained

SNACK offers the following categories of micro-insurance:

Term Life protection
Critical Illness protection
Personal Accident protection

Users set up rules in the app (referred to as “Grab a SNACK”) that automatically purchase small amounts of insurance when predefined lifestyle activities are completed.

Each trigger results in:

A small charge to the selected payment card, and
A corresponding amount of insurance coverage being added

Each micro-insurance purchase provides coverage for a fixed duration, subject to prevailing product terms.

Examples of lifestyle activities that may be used as triggers include:

Food spending
Public transport usage
Petrol purchases
Utility bill payments

Users can configure weekly spending caps to control total insurance expenditure.

Micro-Investment (SNACK Investment)

SNACK Investment allows users to make small, automated investments through lifestyle activities.

SNACK Investment is structured as a micro Investment-Linked Plan (ILP), enabling bite-sized investments to be made whenever selected activities are performed.

Key characteristics include:

Relatively low minimum investment amounts
User-defined weekly investment caps
Activity-based investment triggers

Investment-linked plans are subject to market risk. Returns are not guaranteed, and investors may receive less than the amount invested.

Investments may be triggered by similar lifestyle activities mentioned previously, subject to user configuration and prevailing product terms.

App Usage Considerations

Activity Source vs Payment Card

SNACK distinguishes between:

Activity sources, which are monitored to detect qualifying activities, and
Payment cards, which are charged for insurance purchases and investments

These do not need to be the same card, which may not be immediately obvious to new users.

Final Thoughts

SNACK by Income offers an activity-based approach to insurance and investing that prioritises flexibility and accessibility. Users should review product terms carefully and assess whether the structure aligns with their financial objectives and risk tolerance.

As with all insurance and investment products, features, eligibility, fees, and benefits are subject to change.

Not Available Accident Insurance Critical Illness Insurance Life Insurance NTUC Income Micro-insurance Snack SNACKFIT