Everything about insurance and financial planning for personal and business needs, including life insurance, general insurance, health plans, etc.
Singapore’s Central Provident Fund (CPF), introduced in 1955 as an alternative retirement plan, is a mandatory savings scheme that every citizen of Singapore must contribute to. There are altogether four types of CPF accounts, namely the CPF Ordinary Account (OA), CPF Special Account (SA) and CPF Medisave account, and the less-mentioned CPF Retirement Account. Here is …
What is CPF LIFE? The CPF LIFE scheme or annuity plan, or CPF Lifelong Income For the Elderly, is a national longevity insurance annuity scheme launched by the Singapore Government in September 2009, to insure Singapore citizens and Permanent Residents (PRs) against running out of your retirement savings, by providing you with a monthly payout …
CareShield Life is a basic insurance scheme in Singapore to cater for your long-term care needs in the event of severe disability.
Ageing in Singapore is becoming increasingly challenging as the country’s standards of living rise. Singaporeans are living longer—today, 1 in 2 Singaporeans aged 65 will live beyond 85, and 1 in 3 will live beyond 90! This means it is essential to reconsider your retirement planning and address the risks associated with increased longevity. Moreover, …