NTUC Income Rolls Out “Droplet” – The Rain‑Proof Insurance for Ride‑Hailing Hitches
Imagine you’re heading to that meeting, the sky’s a bruise‑purple, and the bus schedule is a bad joke. Suddenly, the fare’s sky‑high thanks to a surge. NTUC Income has just dropped a brand‑new product that saves your wallet from the sudden “rain‑price” surprise.
What is Droplet?
Droplet is a one‑of‑a‑kind insurance that kicks in when it’s raining at the point of pickup on ride‑hailing platforms. It starts with Grab and will extend to other services by year‑end.
How does it work?
- It covers up to 60% of your fare or the cancellation fee when you hail a ride under rainy conditions.
- Premiums are capped at S$9.60 per day.
- You can file claims for up to S$50 in a single day.
Buying Droplet
Purchase the “rainsurance” at least a day in advance. The dynamic pricing feature will show you the exact cost right when you buy it, taking today’s forecast into account. The closer you buy to the rain date, the higher the price – because that’s the science of risk.
Why Should You Care?
In a climate where Singapore expects about 167 rainy days a year, this insurance turns a mundane inconvenience into a manageable expense.
NTUC Income’s Spin
“Droplet is a blue‑sky solution to the relentless surge prices that rain brings,” says a spokesperson. “It lets drivers and riders alike feel in control of their cash flow even when the clouds look gloomy.”
With Droplet, you’re not just buying a safety net – you’re investing in peace of mind for the next rainy ride. Stay dry, stay covered, and maybe even bring a coffee while you wait for the umbrella to open!
