Understand GE careshield payout for 1 ADL vs NTUC and aviva which is 2 ADL. Does this mean that GE premium will be more expensive or will get more expensive since it can afford to payout only 1 ADL

Unless it is in written in black and white that premiums will be fixed and there are no small prints or conditions or whatsoever, trust no one. For that matter, make sure whatever the agent says is written as it is in the policy contract.

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Agents can say anything they want but at the end of the day, you will be alone fighting their whole legal team nitpicking on a small print.

As an example, during the last few years, agents keep saying their par policies bonus interests have been kept constants due to "smoothing". look at what happened now. Now they tell you interests are "non gauranteed" and policy holders can only suck thumb.

Hi,

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The premium are levelled at entry age meaning the premium will be fixed at the time of purchase according to your current age, it will not increase as you age. If you just want to use Medisave ($600 withdrawal limit), you can just compare the premium and determine how much monthly benefits each company's careshield policy can get withint the $600 budget and determine for yourself whether it is worth it.

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1 ADL means that it will be easier for you to make a claim compared to 2 or 3 ADLs. An example will be minor stroke or injuries that result in you temporarily being unable to perform 1 ADL. You will receive the lump sum payout as well as 50% of the monthly benefit during this period until you recovers from the injuries. Also, the next time you suffer from 1 and more ADL again, the 3 times lump sum payout will still be payable again.

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Feel free to contact me (email at bio) if you are interested to find out more.

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Cheers.