CPF / Great Eastern Protection Scheme without my approval

[mgrayson001]

This may been asked before, but could not find it by searching the forums.

Me - I am working and have PR status (US Citizen) and just got my CPF account recently.

I am already enrolled into 'Great Eastern' with a deduction from my CPF saving account without my approval? I have the choice of enrolling into NTUC and or opt-out altogether.

Questions
Is Great Eastern Insurance any good or NTUC?
Did anybody opt-out or buy another life insurance?
How did ‘Great Eastern’ become my insurance company without even asking me?

[NMS1]

I assume you are talking about Eldershield which all PR & citizens are enrolled into at the age of 40. There are 3 insurers covering it, all offering the same premiums & benefits; you are allocated an insurer by the government. You can opt to change but there isn't really any reason to do so.

[Kafka]

I assume you are talking about Eldershield which all PR & citizens are enrolled into at the age of 40. There are 3 insurers covering it, all offering the same premiums & benefits; you are allocated an insurer by the government. You can opt to change but there isn't really any reason to do so.

Oh crap, my turn soon ! that's when you are enrolled in something called "Eldershield" that you realize you're not that young anymore  
Does this come with discount on wheelchairs and priority seating on the MRT ?

[opt out]

Or you can opt out completely.

[Blaze]

I really don't see any sense paying for ElderShield in Singapore unless you plan retiring here (which I doubt anyone is planning for practical reasons).