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Posts in category: Insurance

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April 28, 2025
by Understanding Careshield

Is Your Health Insurance Coverage Ready for the Future?

Singapore is a fantastic place to live, but let’s face it — the cost of living isn’t getting any cheaper. One area that often sneaks up on people is healthcare. Whether you're in your 30s or 40s, navigating the rising cost of medical care can feel ov ...

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April 7, 2025
by Understanding Careshield

CPF Members to Continue Earning Extra Interest in Q2 2025

Singaporeans can expect continued growth in their CPF savings as the Central Provident Fund (CPF) Board and Housing Board announced on March 12 that extra interest rates will remain unchanged for the second quarter of 2025. This initiative is part of ...

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February 24, 2025
by Understanding Careshield

Understanding Insurance Riders in Singapore: Which Ones Are Actually Worth It?

Just when you think you've found the perfect insurance policy, you notice something extra at the bottom of the page—insurance riders. These optional add-ons can enhance your coverage but come at an additional cost. The question is: do you really need ...

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November 25, 2024
by Understanding Careshield

How Much Should You Earn Before Contributing to the Supplementary Retirement Scheme (SRS)?

Navigating the world of tax reliefs and investment options might not be as entertaining as viral social media trends (who really understands the whole "very demure, very mindful" trend?), but it’s definitely one of the most straightforward financial ...

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November 4, 2024
by Understanding Careshield

How Much Do You Need in Your CPF to Retire Comfortably in Singapore?

Retiring comfortably in Singapore is a common goal for many, who aspire to spend their golden years in relaxation, free from financial concerns. But achieving this ideal retirement requires a careful, strategic approach to savings, particularly throu ...

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October 7, 2024
by Understanding Careshield

Why Getting Insurance Early is Key to Long-Term Financial Security

If You’re Short on Time:Many young Singaporeans remain underinsured, focusing more on immediate pleasures and experiences than long-term financial security.Starting insurance early helps you lock in lower premiums, ensure insurability, and protect ag ...

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September 30, 2024
by Understanding Careshield

Essential Child Insurance for Families in Singapore

As healthcare costs in Singapore continue to escalate, with medical inflation soaring to 10% in 2019 and projections exceeding 9% for 2020, ensuring adequate insurance coverage for your child is more crucial than ever. While health insurance can help ...

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September 9, 2024
by Understanding Careshield

Top Insurance Plans Every Family Should Consider in Singapore

In today’s fast-paced world, securing your family’s financial future is more important than ever. With the cost of living rising and unexpected life events potentially around the corner, having the right insurance plans in place is essential to provi ...

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September 2, 2024
by Understanding Careshield

The Role of Insurance in Achieving Financial Freedom

In the pursuit of financial freedom, many people focus on accumulating wealth through savings and investments. While these are essential components of a sound financial strategy, they are not sufficient on their own. The path to true financial indepe ...

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July 29, 2024
by Understanding Careshield

Life Insurance Benefits: What is the Best VUL in Singapore and How It Works

In today's unpredictable world, securing financial stability for yourself and your loved ones is more important than ever. Life insurance, a key component of any robust financial plan, provides a safety net that ensures your family is protected no ma ...

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