Revised ElderShield by NTUC
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With the revision in the ElderShield scheme by NTUC to pay lifetime, will you want to buy them? Why?
SINGAPORE : NTUC Income is launching two Eldershield supplements which will be available from the 15th of next month.
These two supplements are Eldershield Lifetime Care and Eldershield Care.
Eldershield Lifetime Care offers policyholders the ability to increase the Eldershield benefit to as much as S$3,000 per month.
It will also extend the benefit payment for life, upon the expiry of the basic Eldershield plan.
Another significant feature is the additional benefit in the form of lump sum payouts over three years.
The other supplement, Eldershield Care, offers policyholders the ability to increase their monthly payouts from the current S$400 per month, by up to a maximum of S$3,000 per month, but for a basic term of six years.
Chief Executive of NTUC Income, Tan Suee Chieh, said the current discussion on longevity insurance highlighted the importance of making adequate and affordable provisions for needs in old age. - CNA/ch
I have opt-out the previous ElderShield scheme when it went into the opt-out mode. Is this a better option? -
The pap gahmen never stop to earn money out of the peasants, amazing!
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Then go Great Eastern lor...Originally posted by qlqq9:The pap gahmen never stop to earn money out of the peasants, amazing! -
Always remember what has been told to us by the MIW - 'there is no Free Lunch'.
You pay for what you get, and NTUC will get more then what they will give to you, as they are in for the profits that they can make out of the money that you placed with them.
If NTUC can offer this kind of returns from such a small sum of money placed annually with them as premiums, just sit back and ask ourselves : how much has CPF made with the sum of our money that we have deducted from our wages every month and placed with them that will amount to a total that will be TWICE the premium that the NTUC is proposing for such a scheme ?
How much has CPF made with our money for so long and returning such a niggardly amount as interest paid to our CPF accounts ?
It is from parallel schemes offered by the NTUC and GE Life that allow us to have an insight into the depth of the lie that is woven over our eyes concerning the CPF scheme. -
The safest bet is still to opt out of the new scheme. I don't trust insurance or annuity anymore.
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so many insurance scheme.. tis is really Singapore Inc...
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Getting people to buy annuity and insurance is lucrative business so there goes the sicko mercenary PAP to come out with so many crap insurance policies for the people.
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I don't think you'll see the money after you retire. You can still see during the NDP fireworks~ All the money in the air which becomes smoke thereafter~