Eldershield - upgrade or not

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Eldershield - upgrade or not

Postby little patrick » Sat Aug 02, 2014 12:53 pm

Hi dear all

As you know once we have turn to 40, we are auto cover with baisc eldershield ( 3 out of 6 ADL for 6 years) unless we have opt out the plan.

I cant make up my mind should I upgrade basic plan to Eldershield Comrehensive Plan (which is 2 out of 6 ADL for lifetime). I am afraid of premium when getting older, no job no income although pay by CPF medisave , CPF account can also finish if something happen.

Does anyone know we have to pay the premium until what age, is it at the flat rate ? Do you think is it necessary to upgrade? Hope someone can advise me and would like to heard your view.

Thanks in advance .

little patrick
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Re: Eldershield - upgrade or not

Postby starlight1968sg » Sat Aug 02, 2014 12:56 pm

I opted out.
You can refer to the below link for more info
http://mycpf.cpf.gov.sg/NR/rdonlyres/D0 ... Shield.pdf

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