SNACKUP is an industry-first proposition that allows consumers to build insurance coverage, contributed by merchant and participating brands.
This collaboration between NTUC Income and Visa is an expansion of SNACK, a lifestyle based micro-policy insurance model launched on 11 June this year. SNACK allows consumers to build or stack insurance coverage linked to their daily activities like taking public transport, dining out or going for a run. Customers can accumulate their insurance coverage in Term Life, Critical Illness or Personal Accident insurance. There are over 80,000 policies with over S$26 million sum assured across the three types of insurance coverage to date since SNACK’s debut in June 2020.
Whenever you pay with your Visa at participating shops, the merchant contributes S$100 worth of insurance coverage to your insurance portfolio on SNACK as ‘rebates’.
|Merchant Brands||Insurance coverage contribution per Visa transaction (per insurance product)|
|eyesight.sg||S$100 insurance coverage per in-store and online transaction|
|foodpanda||S$100 insurance coverage per online transaction|
|i.Jooz||S$100 insurance coverage per transaction, at vending machines islandwide|
|Kipos||S$100 insurance coverage per in-store transaction|
|Omakase burger||S$100 insurance coverage per in-store and online transaction|
|SARNIES||S$100 insurance coverage per in-store transaction|
|WhyQ||S$100 insurance coverage per online transaction|
|YOLO||S$100 insurance coverage per online transaction|
UOB YOLO cardholders and Revolut cardholders enjoy S$100 insurance coverage when they spend on their Visa cards at any merchant islandwide. They also earn an additional S$100 worth of insurance coverage for purchases at participating SNACKUP merchant brands.
From 12 to 24 December 2020, get 12 policies issued from spending across 13 SNACKUP Brands to get a sure-win prize revealed on Christmas Day.
Prizes include S$50 foodpanda vouchers, S$12,120 insurance coverage, Revolut metal card, Jumbo-Sized açai bowl, Ray Ban sunglasses, S$50 Grab ride vouchers and Premium Sake set.