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Showing posts from September, 2020

Just Received Brochure for CareShield Life

https://www.straitstimes.com/singapore/health/compulsory-careshield-life-to-start-oct-1-for-residents-born-in-1980-or-later https://www.straitstimes.com/singapore/health/careshield-life-what-you-need-to-know-about-the-new-scheme Was a bit surprised, how come suddenly have a new mandatory insurance, almost thought it was a scam, so googled a bit and found that it was already announced in 2019, maybe I missed it, or maybe I read about it but totally forgotten. Anyway I think it's a good scheme which works hand in hand with the existing MediShield Life. Also seems like it is a replacement upgrade for the existing ElderShield, meaning people like my parents who are on ElderShield may opt to switch to CareShield next year, note that the premiums get upgraded as well, meaning better benefits but higher premium, also note that CareShield will have some subsidy from government whereas ElderShield don't have. Looks good to me, don't have to do anything, just pay money, those who can

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