CPF Life Basic or Standard Plan
-
Hi tianzhu
Am not yet age 55.
At present, I would choose the Standard. I dont see the valid point or need to leave a high bequest as policies keep changing. It may be better for me to get some $$ 1st.
Thanks. -
None interested to share their views?
-
There is an article just last sunday 1 June , discussing this. It really depends on individual needs, hence choose accordingly. But do remember, the default is Standard, and the Standard Plan has a higher payout.
-
I do know that the medical will be covered at a higher percentage but don’t know the detail.
But I am just wondering if the plan we bought from private insurance company is still needed. -
WeiHan:
I am studying this part too. :evil:I do know that the medical will be covered at a higher percentage but don't know the detail.
But I am just wondering if the plan we bought from private insurance company is still needed. -
Even with Standard plan, even if you have satisfied the Minimum Sum, I don’t think we can survive on the monthly income from standard plan. currently for male its about 1.1K per month.
-
WeiHan:
it is itemized bill vs as charged. Even MediShield Life is not as charged, you will still need private integrated shield plan. The only question now is how much will be the increased premium?I do know that the medical will be covered at a higher percentage but don't know the detail.
But I am just wondering if the plan we bought from private insurance company is still needed. -
hophlng:
Even with Standard plan, even if you have satisfied the Minimum Sum, I don't think we can survive on the monthly income from standard plan. currently for male its about 1.1K per month.
The payout from cpf life is never intended the sole income during retirement. -
CookieMonster123:
very true, but.... in reality a different thing.hophlng:
Even with Standard plan, even if you have satisfied the Minimum Sum, I don't think we can survive on the monthly income from standard plan. currently for male its about 1.1K per month.
The payout from cpf life is never intended the sole income during retirement.
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login