Anonymous

01 Aug 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?

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Hariz Arthur Maloy

01 Aug 2019

Independent Financial Advisor at Promiseland Independent

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.

Reply

Save

View 2 replies

Clarence Chua

31 Jul 2019

Financial Planning Specialist at Prudential Assurance Singapore

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

Reply

Save

Write your thoughts

Related Posts

I'm 21, getting out of NS and into university. I currently have a whole life plan and ILP. Should I consider canceling the ILP, switching to term life and getting health insurance? What type of insurance should I get?

CPF Investment Scheme Does the investment products approved/endorsed by CPF Board classify as better Investment product and less risk? What are the advantages as compared to using cash ?

Personally, do you use CPF to pay for insurance? Is this a good approach or should our CPF be only used for our savings since that is our retirement fund?

My MIL 79 years old this year, her CPF Retirement account almost empty. If I top up her account using cash as allowance, which scheme is better? The Retirement Sum Scheme or CPF life scheme?

I have been using insurance agent. He recommends ilp and medical critical insurance as insurance cover. Is that enough. Is it right?

Related Posts

I'm 21, getting out of NS and into university. I currently have a whole life plan and ILP. Should I consider canceling the ILP, switching to term life and getting health insurance? What type of insurance should I get?

CPF Investment Scheme Does the investment products approved/endorsed by CPF Board classify as better Investment product and less risk? What are the advantages as compared to using cash ?

Personally, do you use CPF to pay for insurance? Is this a good approach or should our CPF be only used for our savings since that is our retirement fund?

My MIL 79 years old this year, her CPF Retirement account almost empty. If I top up her account using cash as allowance, which scheme is better? The Retirement Sum Scheme or CPF life scheme?

I have been using insurance agent. He recommends ilp and medical critical insurance as insurance cover. Is that enough. Is it right?