Anyone opt out of Eldershield..another PAP tactic to wipe out your Medisave

[tonychat]

so anyone opt out of it.

They like to use this tactic " there is no need to reply as you will be AUTOMATICALLY in this insurance" knn.. try to cheat their way in.

People got no fucking brains to plan for their life and choose the type of insurance policy that help them in their life? why you fucking PAP like to kapoh? and now people has to make an effort to walk to the post office and opt out of it.

you are fucking wasting people's time and energy.

 

[ginfreely]

Yes I opted out, Eldershield is a useless money wasting insurance that want to eat our money, best to opt out...

 

[GOD IS MY DOG]

how to opt out ah ?

contact who ?

I paying for my mom's medishield now so can opt out ?

 

[laksaboy]

why you fucking PAP like to kapoh?

The PAP govt will not proactively do anything unless there are some monetary incentives involved for them. Same as HOTA.

I am still much younger than 40 years old, and I don't buy any insurance. How do I opt out?

 

[tonychat]

there is an opt out form in the package which is sent to you, just sign it and sent it back in their envelope.

 

[halsey02]

Yes I opted out, Eldershield is a useless money wasting insurance that want to eat our money, best to opt out...

When I receives the form I opt out immediately it is a big CON JOB, I opted out of CDAC, when they allowed people to do that, since then, I have not paid a cent..though it is only a $1...

 

[GOD IS MY DOG]

When I receives the form I opt out immediately it is a big CON JOB, I opted out of CDAC, when they allowed people to do that, since then, I have not paid a cent..though it is only a $1...

when they sent out the forms ?

my mom never receive hers leh ?

 

[halsey02]

when they sent out the forms ?

my mom never receive hers leh ?

They did, it came with the letter & the pamphlet in 4 languages ( sorry Tagalog, Hindi, not included)...maybe you missed it & threw it away..which insurer??

This is the INCOME OPT OUT FORM...http://www.income.com.sg/forms/others/Eldershield-OptOut.pdf

 

[Rushwind]

how to opt out ah ?

contact who ?

I paying for my mom's medishield now so can opt out ?

Hi

I recently opted out of Eldershield. I called the hotline to Great Eastern and enquire on how to opt out of Eldershield. With the instructions given, I wrote a signed letter stating my wish to opt out of Eldershield (I didn't state reason), with my full name, NRIC number, and accompanying Eldershield insurance number. I scanned the signed letter into PDF and emailed it to Great Eastern. Within 1-2 weeks, I received the letter from Great Eastern that I am officially no longer covered by Eldershield.

I recalled that there are other forms in the letter package but if I recalled correctly, those forms asked you whether you wish to 'upsize' your Eldershield coverage.

Hope this help you.

 

[GOD IS MY DOG]

I never receive the letter leh...................anyway, I emailed cpf liao so see how.............

must opt out by which date ah ?

 

[Rushwind]

I never receive the letter leh...................anyway, I emailed cpf liao so see how.............

must opt out by which date ah ?

I believe you must be 40 years old and above to receive the eldershield letter.

Try to opt out before the eldershield premium deduction date which is stated on the eldershield letter.

 

[Satyr]

Yes I opted out, Eldershield is a useless money wasting insurance that want to eat our money, best to opt out...

Eldersheild is a good concept but the way it is implemented looks like a terrible con or at best woefully inadequate . You have to be almost dying to qualify and even then the payout is a pittance of what is needed.
DPS scheme is a better one but again after paying into it for a lifetime it times out at 60 just before you are likely to need it. Government is the best business , you never lose.

 

[GOD IS MY DOG]

so every one above 40 will automatically be in eldershield unless you opt out lah ?

 

[halsey02]

so every one above 40 will automatically be in eldershield unless you opt out lah ?

Soon, they will have a promotion to keep you from opting out, " free coffin of your choice...& color'...& free funeral singers, COMPULSORY!...http://www.youtube.com/watch?v=CTMMRrxx-Ug

 

[mojitoes]

Why opt out? It's paid by your Medisave. You don't need it now, but when you are in your 60-70s, you think you can be as agile as now?

Hard to claim? Who says? You probably don't know you can upgrade to inability to perform 2 daily activities then can claim already. You can get up to $1,500/month for lifetime without using any cash to upgrade.

Do the maths. You just need to claim for 1 year, you'd breakeven. Anything more than that you'd gain.

 

[GOD IS MY DOG]

Why opt out? It's paid by your Medisave. You don't need it now, but when you are in your 60-70s, you think you can be as agile as now?

Hard to claim? Who says? You probably don't know you can upgrade to inability to perform 2 daily activities then can claim already. You can get up to $1,500/month for lifetime without using any cash to upgrade.

Do the maths. You just need to claim for 1 year, you'd breakeven. Anything more than that you'd gain.

sure or not..........a lot of people here say not worth leh........

 

[eErotica69]

Eldershield is a good scheme but is insufficient. I upgraded mine with Avia, paid more using CPF and around $100 cash.

If I kanna Disable, monthly payment is S$2000 till I mati.

 

[ginfreely]

when they sent out the forms ?

my mom never receive hers leh ?

they will auto send the forms to you when you reach 40...

 

[ginfreely]

Hi

I recently opted out of Eldershield. I called the hotline to Great Eastern and enquire on how to opt out of Eldershield. With the instructions given, I wrote a signed letter stating my wish to opt out of Eldershield (I didn't state reason), with my full name, NRIC number, and accompanying Eldershield insurance number. I scanned the signed letter into PDF and emailed it to Great Eastern. Within 1-2 weeks, I received the letter from Great Eastern that I am officially no longer covered by Eldershield.

I recalled that there are other forms in the letter package but if I recalled correctly, those forms asked you whether you wish to 'upsize' your Eldershield coverage.

Hope this help you.

Can share what is the Great eastern email address to send to terminate? i intend to terminate my Dependant protection scheme too...

 

[ginfreely]

Eldersheild is a good concept but the way it is implemented looks like a terrible con or at best woefully inadequate . You have to be almost dying to qualify and even then the payout is a pittance of what is needed.
DPS scheme is a better one but again after paying into it for a lifetime it times out at 60 just before you are likely to need it. Government is the best business , you never lose.

Yeah lor I recall need to pay premium few hundred to thousand plus per year and can only claim less than $30k benefit and need 3 disabilities to claim...DPS another useless scheme to end at age 60 and not that cheap as one ages...