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DIY Model - YOU & YOUR 3 LIFE

MyMoneySense - https://www.mymoneysense.gov.sg/

MyMoneySense is a financial planning digital service jointly developed by the Ministry of Manpower (MOM) and Government Technology Agency. It is an initiative under MoneySense, overseen by the MoneySense Council. The council is co-chaired by the Monetary Authority of Singapore (MAS) and MOM, and comprises representatives from various government agencies.

Our goal is to enable Singaporeans to better understand their finances and take action to improve their financial well-being across different life stages. We do this by providing trusted, personalised and actionable guidance that makes financial planning easier for everyone.

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MEDISHIELD LIFE

MediShield Life is a basic health insurance plan that protects all Singapore Citizens and Permanent Residents against large hospital bills for life, regardless of age or health condition.

For more information, visit:

https://www.moh.gov.sg/cost-financing/healthcare-schemes-subsidies/medishield-life

INTEGRATED SHIELD PLANS (IP)

The major insurance companies in Singapore offer a selection of Integrated Shield Plans to suit the level of coverage you require based on the type of ward or hospital you prefer to stay in.

For more information, visit:

https://www.moh.gov.sg/cost-financing/healthcare-schemes-subsidies/medishield-life/comparison-of-integrated-shield-plans

CPF LIFE

The CPF Lifelong Income For The Elderly (CPF LIFE) Scheme is a national longevity insurance annuity scheme that insures you against running out of your retirement savings, by providing you with a monthly payout no matter how long you live.

For more information, visit:

https://www.cpf.gov.sg/Members/Schemes/schemes/retirement/cpf-life

CPF LIFE PLAN)

Deciding the kind of retirement lifestyle you want is key to choosing the right CPF LIFE plan for you.

You can use the CPF LIFE Estimator to find out the amount of CPF LIFE premium needed to achieve your desired monthly payout under your selected CPF LIFE plan.

For more information, visit:

https://www.cpf.gov.sg/eSvc/Web/Schemes/LifeEstimator/LifeEstimator

CARE SHIELD LIFE

CareShield Life is a long-term care insurance scheme that provides basic financial support should Singaporeans become severely disabled, especially during old age, and need personal and medical care for a prolonged duration (i.e. long-term care).

For more information, visit:

https://www.careshieldlife.gov.sg/careshield-life/about-careshield-life.html

CARE SHIELD LIFE SUPPLEMENTS

Supplements are plans which complement your basic ElderShield or CareShield Life plan by offering additional benefits, such as higher monthly payout amounts, which enhance your coverage.

You need to be an existing policyholder under ElderShield or CareShield Life to purchase Supplement plans.

For more information, visit:

https://www.careshieldlife.gov.sg/supplements.html