facebookAre there any guidelines to how much Careshield coverage I should get? - Seedly

Advertisement

Anonymous

23 Nov 2020

Insurance

Are there any guidelines to how much Careshield coverage I should get?

I would like to find out more about Careshield coverage but am not sure. Any suggestion will be helpful. Thanks!

Discussion (3)

What are your thoughts?

Learn how to style your text

Elijah Lee

23 Nov 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Careshield coverage is fixed. What isn't fixed, is the amount of additional coverage that you can get. It really depends on you.

I'll link you to this article for a bit more details:

https://www.poems.com.sg/market-journal/what-yo...

In summary, you can opt to strictly stay below the Medisave limit of $600/yr, or if you felt you needed a bit more, you can go a little above and cash outlay can still be minimal.

There's no right or wrong here. It's what you feel would be a suitable amount of cover.

View 1 replies

Jiayee

23 Nov 2020

Salaryman at some company

Are you referring to this? https://www.careshieldlife.gov.sg/careshield-li... This one seems to be fixed...

Write your thoughts

Advertisement