Today's post will be on how CPF is actually 4 insurance in one.
Our apologies that we have not been posting for the past few days.
We have been busy with some of our personal matters and thus were unable to blog daily.
I was working on a post on CPF Minimum Sum Scheme when a sudden thought came into my mind.
The CPF and subsequently the CPF minimum sum scheme is actually 4 insurance plan merged into one.
Instead of looking at the CPF minimum sum as a target where you can withdraw money at a certain age, look at it as a Savings + Medical + Life + Annuity insurance plan.
It is a Savings Insurance
It helps you save up money for housing, medical, kids' education, and retirement
It is a Medical Insurance
1) We have got Medishield, Eldershield, and other medical insurance schemes that are ......