NTUC Income Launches TRIBE, Singapore’s First Subscription-Based Insurance Offering On-Demand Adaptability With No Lock-In Periods

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NTUC Income has launched TRIBE by Income, Singapore’s first subscription-based insurance platform that offers insurance in customisable subscription packs with no lock-in periods.

TRIBE offers three modular insurance packs – Essentials Pack, Child Pack, and Recovery Pack – and customers can subscribe to and customise their chosen pack based on their needs and desired insurance premiums. Via a user-friendly digital interface, customers can upsize and downsize their insurance coverage flexibly within each pack, as well as by mixing and matching insurance plans across packs to find a combination that is just right for them. Thus, TRIBE is offering a new way for customers to manage their insurance commitments on their own terms so that they fit changing lifestyles and financial circumstances.

TRIBE offers unparalleled on-demand adaptability

Flexibility – The Essentials Pack, Child Pack, and Recovery Pack are available in Small, Medium and Large sizes. Customers can upsize or downsize insurance plans within a pack as needed and are also allowed to start or stop their insurance coverage as required to fit changing lifestyles with no lock-in periods, annual contracts, or penalties for cancellation. 

For customers who look to build their insurance portfolio by subscribing to multiple TRIBE packs, they have the flexibility to mix and match insurance plans across packs to achieve their desired combination of insurance that fits not just their protection needs but also their budgets at any time. 

Adaptability – Customers can subscribe to an insurance pack starting from $5 per pack monthly. To enjoy higher insurance protection, customers can opt to pay premiums at $10, $20 or $40 should their budgets permit. With TRIBE, customers can simply adjust insurance plan sizes within each pack or across packs, to build a more relevant insurance portfolio based on their preferred budget.

Convenience – The subscription process for TRIBE is simple and convenient. Consumers can self-serve and sign up for a pack on the TRIBE website and be insured in 5-10 minutes. They also have full control to change their insurance premiums and coverage anytime, by toggling between options on the TRIBE website.

Working with partners to bring TRIBE to relevant consumer segments

To date, TRIBE has partnered selected ecosystem players to provide value-added offerings to relevant consumer segments. For example, evolving Shopee Mum’s Club membership, from meeting shopping needs alone to a more holistic offering including financial needs. Consumers can also look out for other curated deals with partners such as EZ-Link, Helpling, LittleLives, Ohm Energy, Plus!, SAFRA, Speedoc, StarHub and Supermom.

National Day Promotion

In conjunction with the upcoming National Day celebrations, TRIBE by Income is running a special promotion, where subscribers can receive $50 worth of Shopee Vouchers and 56% off 3 months subscription to any TRIBE pack by using the promo code <SG56>. Promotion ends 31 August 2021. 

For more details on TRIBE, please visit the website: https://tribe.income.com.sg/

Featured image credit to NTUC Income


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