facebookTurning 30 this year so am eligible to get careshield supplement. Anyone has gotten so far and what pushes you to get? - Seedly

Anonymous

01 Feb 2024

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Insurance

Turning 30 this year so am eligible to get careshield supplement. Anyone has gotten so far and what pushes you to get?

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Lower premiums when u buy at a younger age!

CareShield supplementary plans are offered by private insurance companies to provide additional monthly disability cash payouts on top of CareShield life’s basic benefit of S$600 per month.
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You can utilise up to S$600 per year per person from your CPF MediSave to pay for the CareShield Life supplement. If there is an excess of premiums beyond S$600, the remaining will be payable in cash. The risk of not buying, is just that if you have to claim, you will only have CSL to fall back on.

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The risk of buying, is that if you don't claim the premiums will just go to the insurer's risk pool to pay out to those who have to claim.

Elijah Lee

04 Feb 2024

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

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This question was asked before in the Seedly Facebook group and I am reproducing my ans...

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