Careshield Life Supplement

[rgdusr]

have you looked at what are the 3 ADLs for you to come to that conclusion?

Of course. If you look at this statistics, smartwealth.sg/eldershield-claim-statistics/, simple calculation for the claimed, average payout lasted for only 1.8 years.

 

[JuniorLion]

Back to topic; anyone has signed up for CSL Supplement?

 

[qhong61]

Back to topic; anyone has signed up for CSL Supplement?

Need to top up with cash.
And paid till age 80.

 

[reddevil0728]

Back to topic; anyone has signed up for CSL Supplement?

Which did you sign up?

 

[DevilPlate]

https://www.ocbc.com/personal-banki...VEZJmAh2UWwFtEAAYAyAAEgLng_D_BwE&gclsrc=aw.ds
This one looks good

 

[exterminazn]

https://www.ocbc.com/personal-banki...VEZJmAh2UWwFtEAAYAyAAEgLng_D_BwE&gclsrc=aw.ds
This one looks good

Underwritten by GE

anyway I can provide quote and details if u like

 

[curiousotter]

For CareShield Life supplement, is it like hospitalisation plan where we can only get one plan from one insurer or can we stack multiple plans from multiple insurers? Saw a post earlier in this thread saying it could be cheaper to get multiple plans to maximize claim amount (with a given amount of premium).

 

[exterminazn]

For CareShield Life supplement, is it like hospitalisation plan where we can only get one plan from one insurer or can we stack multiple plans from multiple insurers? Saw a post earlier in this thread saying it could be cheaper to get multiple plans to maximize claim amount (with a given amount of premium).

Csl supplement can purchase multiple policies from different insurers

 

[curiousotter]

Thanks exterminazn. Can one claim from both DII and Careshield Life supplement at the same time (assuming I meet criteria to claim from both) ? There are usually clauses in DII that states that total payout arising from disability cannot exceed 75% of monthly income... If my DII sum assured is already 75% of my monthly income, does it still make sense to purchase a careshield life supplement?

 

[exterminazn]

Thanks exterminazn. Can one claim from both DII and Careshield Life supplement at the same time (assuming I meet criteria to claim from both) ? There are usually clauses in DII that states that total payout arising from disability cannot exceed 75% of monthly income... If my DII sum assured is already 75% of my monthly income, does it still make sense to purchase a careshield life supplement?

Technically can claim in full from both DII and CSL supplement

both are 2 different kind of product

 

[reddevil0728]

Thanks exterminazn. Can one claim from both DII and Careshield Life supplement at the same time (assuming I meet criteria to claim from both) ? There are usually clauses in DII that states that total payout arising from disability cannot exceed 75% of monthly income... If my DII sum assured is already 75% of my monthly income, does it still make sense to purchase a careshield life supplement?

Different kinds of disability

 

[JuniorLion]

Csl supplement can purchase multiple policies from different insurers

Is this confirmed?

 

[exterminazn]

Is this confirmed?

Yes confirm, just that max $600 can use Medisave to pay

 

[qhong61]

Is this confirmed?

Got money?

 

[qhong61]

Yes confirm, just that max $600 can use Medisave to pay

And premium pay till age 80.
And premium will increase.

 

[qhong61]

Yes confirm, just that max $600 can use Medisave to pay

I'm thinking of cancelling my eldershield supplement for 3 ADL.
Bought 9yrs ago.
Need to top up cash.
Only $400 monthly payout.

 

[Spirax]

SG gov should have offer this GREAT Eastern CareShield, 1xADL can already claim 50% payment monthly

 

[reddevil0728]

SG gov should have offer this GREAT Eastern CareShield, 1xADL can already claim 50% payment monthly

what do you mean should have offered?

isn't that what GE is doing with CSL supplement?

 

[qhong61]

what do you mean should have offered?

isn't that what GE is doing with CSL supplement?

He said spore govt.
Not private.

 

[reddevil0728]

He said spore govt.
Not private.

I know but what’s the purpose of CSL supplement then?