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Revolut Singapore and SNACK join together to bring in a lifestyle-based insurance to the market

Revolut Singapore and SNACK join together to bring in a lifestyle-based insurance to the market

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Global Business Review Magazine
Thursday, March 23, 2023
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Revolut Singapore and SNACK join together to bring in a lifestyle-based insurance to the market

Revolut Singapore and SNACK join together to bring in a lifestyle-based insurance to the market

London based fintech Revolut partnered with cooperative SNACK, offering lifestyle-based insurance products in Singapore. SNACK which is owned by NTUC income which offers its customers stackable micro insurance based on their lifestyle. On signing up on the SNACK app the Revolut customers receive $500 insurance coverage as complimentary.

The partnership allows Revolut’s customers based in Singapore to purchase insurance products accumulated in their savings vault on its app. Customers can enjoy excellent exchange rates, rewards and cash-backs and many other facilities with real-time updates and smart analytics. It also layers insurance protection over existing money management features and allows to access micro insurance underwritten by NTUC.

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Singapore’s Govt. is willing to spend $1.6 billion in the next three years to improve medical insurance to its citizens and its residents amidst the coronavirus impact on economy. The funds will be used for premium subsidies for Medisheild life, a basic health insurance plan launched in 2015 to protect the citizens against large medical bills. Singlife announced that it will acquire 75% stake in Aviva Singapore, it could be the largest insurance deal ever made in Singapore and it’s expected to be completed by January 2021.

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Recent News

Data shows that US inflation cooling

Household wealth anticipation has declined, claim by global poll

Support measures push Japanese corporate bankruptcies to 50 year low

How is the bond yield controlled in Japan?

BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

Policy takes the u-turn; BoJ’s yield curve may slip

Asia shares falls on worries over inflation, Fed outlook

Stocks are calm ahead of a possible CPI hurricane

Artificial intelligence to take on the Aviation industry too

Normalcy wished to revert to airlines after FFA blackout

Dollar dented as consumer sentiment dives

Dollar declines on expectations of weaker US rate increases and China’s resumption

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • Household wealth anticipation has declined, claim by global poll
  • How is the bond yield controlled in Japan?
  • Policy takes the u-turn; BoJ’s yield curve may slip
  • Stocks are calm ahead of a possible CPI hurricane
  • Normalcy wished to revert to airlines after FFA blackout

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