My Responses To The Questions On The Dependants’ Protection Scheme (DPS) And Eldershield
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 […]
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 […]
Total and Permanent Disability And That Plan Called ElderShield
When you buy any life insurance plan, the basic benefits are that you are covered against Death and Total and Permanent Disability. So do you what does this insurance term – Total and Permanent Disability – mean to you? The General Definition of Total And Permanent Disability (TPD) It would practically mean that the loss […]
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 […]
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 […]