Tuesday, December 03, 2019

Eldershield Life is a bad idea

The govt requires all CPF members to buy Eldershield Life to provide payment of $300 or $400 when they are severely disabled and need to have nursing care.

Even Singaporeans who work overseas are required to buy this compulsory insurance on the assumption that they will return to live in Singapore during their old age.

This is a bad approach.

Why?
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