A Reader has recently submitted these following questions (some of these have been edited for the purpose of this blog post) about the Dependants’ Protection Scheme and Eldershield: a) what happened to my Dependent Protection Scheme as I do not remember opting out b) how do I reinstate my Dependent Protection Scheme c) I would […]
Do You Need To Cancel Your Insurance Policies When Overseas Or Migrated?
I have been asked a few times on whether there’s a need to cancel all insurance policies when one decides to work overseas a few years or to migrate (and never come back)… My general reply to them is “No” but unless you really know what’s going on and you have more or less balance […]
Are You Sure You Are Still Covered Under DPS?
It was two days ago that I received an email comment on one of my earlier posts on the topic of Dependants’ Protection Scheme (DPS) and in it I was asked to provide some advice on why a passed-on family member may not be covered by DPS when it’s obvious that there’s enough CPF money in […]
My Heart-Felt Sympathies…
I would like to express my heart-felt sympathies to the two families (one of the family I do know personally) for the loss of their precious child (one is at the 30s and the other is just 22) The Family That I Know Personally… I know the child (younger than me by 7 years) and […]
What Are Those Insurance Plans All About – Part #1
(All About Life Insurance Related – Whole Life, Term and Group Term) This post and the continuous ones will form the basis of all the past and current insurance plans out in the market and I hope this will give you a better understanding of the structure of plans that you may have in your […]
Do You Terminate Your DPS And Eldershield Because Of The Premiums?
There is still a strong sign of Singaporeans terminating their Dependent Protection Scheme and Eldershield simply because of these reasons: 1. If I do not die, be permanently incapacitated before the age of 60 (for the case of DPS) or unable to commit to at least 3 out of the daily 6 activities (for the case […]