CPF : Purchasing the Rider Shield?

[Lchlch]

Guys, want to check is buying the Rider Shield is more than enough, rather than buying another from insurance company?
the agent told me the insurance cover many illness......

What you guys think?
Care to share?

Thanks alot.

 

[1982-1994]

Everything ok when you buy from him, but MIA after that when you want to make a claim

 

[a4973]

This is about integrated shield plan? What has CPF got to do with IP?

 

[Lchlch]

This is about integrated shield plan? What has CPF got to do with IP?

i think so, and need to pay cash for Rider (CPF).

my concern is such plan is more than enough? Or need to buy insurance policy from insurance company?

 

[1982-1994]

Rider is good, lessened your burden if mishaps happen

 

[a4973]

i think so, and need to pay cash for Rider (CPF).

my concern is such plan is more than enough? Or need to buy insurance policy from insurance company?

IP is for hospitalization and surgical charges. If you are talking about illness then that should be Critical Illness

 

[Lchlch]

IP is for hospitalization and surgical charges. If you are talking about illness then that should be Critical Illness

the agent listed me a list of illness covered from the insurance policy.
I thought of cancel the policy and solely pay for the Rider...

 

[Lchlch]

Rider is good, lessened your burden if mishaps happen

noted bro.
But is necessary to buy from insurance policy?

 

[titusilvering]

Guys, want to check is buying the Rider Shield is more than enough, rather than buying another from insurance company?
the agent told me the insurance cover many illness......

What you guys think?
Care to share?

Thanks alot.

If you trust pap. You don't even need buy simi extra.

 

[Lchlch]

If you trust pap. You don't even need buy simi extra.

how about you bro?
if you already under Rider, will you buy extra from insurance policies?

 

[wutawa]

can disclose the insurance policy name and rider name?

(not under rider and insurance policy)

 

[ceestudent]

Maybe you list down more clearly what other extra insurance you want to buy beside the rider?

 

[Lchlch]

can disclose the insurance policy name and rider name?

(not under rider and insurance policy)

bro, i mean if say you under Rider , will you buy another policy from insurance?

 

[Lchlch]

My question is is it sufficient to have Rider?

 

[wutawa]

bro, i mean if say you under Rider , will you buy another policy from insurance?

why must I have rider? rider is redundant. your hypothesis doesn't stand.

 

[Lchlch]

why must I have rider? rider is redundant. your hypothesis doesn't stand.

so meaning Rider is out, Redundant.
How about insurance policy?

 

[Lchlch]

f you're referring to CPF Rider (Integrated Shield Plan rider in Singapore), the answer is: it depends on your age, medical coverage, savings, and risk tolerance.

1. Do you need a CPF Rider?​

A rider is an add-on to your Integrated Shield Plan (ISP) that reduces your out-of-pocket medical expenses such as deductibles and co-insurance.
Pros of having a rider

• Lower cash payment when hospitalized.
• Better protection against large medical bills.
• More predictable healthcare costs.
• Useful if you prefer private hospitals or higher-class wards.

Cons of having a rider

• Additional premium paid in cash every year.
• Premiums increase as you get older.
• New regulations require some co-payment, so riders no longer provide 100% coverage.

Generally, a rider may be worthwhile if:

• You have dependents relying on your income.
• You prefer private hospital treatment.
• You do not want a large unexpected medical bill affecting your savings.
• You are middle-aged or older and want stronger hospital coverage.

You may not need a rider if:

• You have substantial emergency savings.
• You are comfortable using public hospitals and subsidized wards.
• The extra premium strains your budget.

 

[rizhal]

bro, i mean if say you under Rider , will you buy another policy from insurance?

My question is is it sufficient to have Rider?

Bro, from the way you asked question, I sense you may not understand the problem correctly.

Rider helps prevent large bill by asking you to be responsible for deductible and co-payment first.

 

[toolbox03]

Agent just want to earn your marnee

 

[Justrade]

My question is is it sufficient to have Rider?

Rider covers those cash portion that insurance is not enough to cover. Your cash outlay is limited.