Ghana
Vodafone Cash, milife and Millennium Insurance launch miFuture micro-insurance. Business and Financial Times (thebftonline.com), July 1, 2021.
mifuture is a revamped life insurance and disability product. The plan allows customers to select their plan and type of premium.
Hong Kong
YAS’s “BUS RYDE” – providing care and financial inclusion for daily bus commuters. PR Newswire, July 30, 2021.
With registration on the YAS app, KMB monthly pass holders can seamlessly redeem a BUS RYDE microinsurance protection. An extra peace of mind to protect their personal belongings with coverage of over US$250 (loss or theft) and an accidental medical expense coverage of up to US$640.
Singapore
NTUC Income launches micro investment-linked plan on SNACK app. Coverager, September 24, 2021.
SNACK Investment has pegged the minimum premium at $1 and provides withdrawal flexibility at no additional fees and accidental death coverage with the sum assured pegged at 105% of the net premiums paid. Users can link their desired micro-premium ranging from $1 to $10 to their selected lifestyle activities such as grocery shopping, taking public transport or even topping up petrol, and start to build their investment portfolio and purchase units of the fund at the start of each week.