Using insurance to gain more mileage out of CPF funds

With the liberalisation of the CPF Investment Scheme announced in March this year, CPF members would be allowed to purchase insurance products like endowment policies using CPF monies. The team conducted a survey and found that while the CPF members are generally quite receptive to investing in...

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Main Authors: Lye, Fook Kong, Tan, Mark Seow Hwa, Tan, Audrey Joo Leng
Other Authors: Robert Lian
Format: Final Year Project
Language:English
Published: 2015
Subjects:
Online Access:http://hdl.handle.net/10356/63001
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-630012023-05-19T06:09:03Z Using insurance to gain more mileage out of CPF funds Lye, Fook Kong Tan, Mark Seow Hwa Tan, Audrey Joo Leng Robert Lian Nanyang Business School DRNTU::Business::Finance::Insurance With the liberalisation of the CPF Investment Scheme announced in March this year, CPF members would be allowed to purchase insurance products like endowment policies using CPF monies. The team conducted a survey and found that while the CPF members are generally quite receptive to investing in insurance policies, there are still a lot of misperception and lack of knowledge on insurance among the CPF members. Furthermore, certain features of the CPF Investment Scheme were also found to be of potential impedance towards members investing in insurance product. Two other issues were also explored in this paper namely, the current provision of old age needs and medical care under the CPF. The major conclusions arrived are that: (1) The current old age provisions under the Minimum Sum Scheme (MSS) should be supplemented with additional annuities, and, (2) CPF monies should be allowed to purchase private medical insurances to supplement the current medical provisions under the CPF. The rationale for these proposals would be given in the chapters stated therein. BUSINESS 2015-05-05T02:15:37Z 2015-05-05T02:15:37Z 1994 1994 Final Year Project (FYP) http://hdl.handle.net/10356/63001 en Nanyang Technological University 116 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business::Finance::Insurance
spellingShingle DRNTU::Business::Finance::Insurance
Lye, Fook Kong
Tan, Mark Seow Hwa
Tan, Audrey Joo Leng
Using insurance to gain more mileage out of CPF funds
description With the liberalisation of the CPF Investment Scheme announced in March this year, CPF members would be allowed to purchase insurance products like endowment policies using CPF monies. The team conducted a survey and found that while the CPF members are generally quite receptive to investing in insurance policies, there are still a lot of misperception and lack of knowledge on insurance among the CPF members. Furthermore, certain features of the CPF Investment Scheme were also found to be of potential impedance towards members investing in insurance product. Two other issues were also explored in this paper namely, the current provision of old age needs and medical care under the CPF. The major conclusions arrived are that: (1) The current old age provisions under the Minimum Sum Scheme (MSS) should be supplemented with additional annuities, and, (2) CPF monies should be allowed to purchase private medical insurances to supplement the current medical provisions under the CPF. The rationale for these proposals would be given in the chapters stated therein.
author2 Robert Lian
author_facet Robert Lian
Lye, Fook Kong
Tan, Mark Seow Hwa
Tan, Audrey Joo Leng
format Final Year Project
author Lye, Fook Kong
Tan, Mark Seow Hwa
Tan, Audrey Joo Leng
author_sort Lye, Fook Kong
title Using insurance to gain more mileage out of CPF funds
title_short Using insurance to gain more mileage out of CPF funds
title_full Using insurance to gain more mileage out of CPF funds
title_fullStr Using insurance to gain more mileage out of CPF funds
title_full_unstemmed Using insurance to gain more mileage out of CPF funds
title_sort using insurance to gain more mileage out of cpf funds
publishDate 2015
url http://hdl.handle.net/10356/63001
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