Have you been receiving calls from insurance agents trying to get you to use your CPF MediSave to upgrade your CareShield Life Plan? I received a call from a random agent and she started by saying that she is not trying to sell me anything. By doing that, I believe the number of people willing to continue to listen would be greatly increased.
She then asked me if I know about the new CareShield Life scheme. I then knew what was coming. She then tried to get me to sign up for the private insurance upgrade by using CPF MediSave by saying that there is
1) no cash upfront and all can be paid by MediSave
2) we can’t withdraw even after 65 and
3) the CPF interest can cover it anyway
When I told her that since I don’t have an income and my balance won’t be increasing except for interest, she pivoted to asking me if...