Acko plans to offer a simple and easy-to-understand term insurance product, which guarantees a sum assured in the event of an untimely death, without any return guarantees.
The Singlife Connect Plus programme seeks to provide legal and compliance assistance, mentorship, and access to their products and services to eight startups.
Existing backers provided additional capital, however new investors were not named with OneDegree stating strategic partnerships would be announced in due course.