What insurance products, other than ILPs, can you get using your CPF accounts? - Seedly
 

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Asked by Anonymous

Asked on 31 Jul 2019

What insurance products, other than ILPs, can you get using your CPF accounts?

According to CPF, you can purchase annuities, and endowment plans. May I know which company provides these products and which would you recommend for my retirement?

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You used to be able to purchase endowment and annuities with CPF monies, you can't anymore, now with OA and SA monies you can only purchase a Single Premium ILP.

For your Medisave accounts, you can purchase an Integrated Shield Plan and also an Eldershield Supplement (soon Careshield Life variant).

Other then the basic, already given to you, DPS, HPS, MSL, ES, CPF Life, that's it.

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Question Poster

31 Jul 2019

Hi Hariz, thanks for your swift answer. Really helpful. Is it the same for CPFIA?
Hariz Arthur Maloy
Hariz Arthur Maloy

01 Aug 2019

CPFIS allows you to invest in quite a few things. Some stocks on SGX, Gold, and of course Unit Trust either direct or through an ILP.

Beside ILPS, right now, mainly you can get integrated shield plan and increase your elder/care shield benefits via CPF accounts.

Moat companies will have such products. Only a few companies do not offer the care/elder shield benefits options

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