Step into parenthood with POSB CDA

Give your baby the best start in life with the POSB Child Development Account (CDA)! Get up to 2% p.a. interest on balances up to S$50k and exclusive deals for all your family’s needs!Apply onlineWith a POSB CDA, you can give your little one the best start in life. We offer perks like:


	Limited time only: Receive S$20 cash credit when you open a POSB CDA Apply online Eligible customers will receive S$20 cash credit into your Child Savings Account (Joint-Alternate My Account). Promotion ends 30 Nov 2024. Limited to first 1000 customers on a first-come, first-served basis Please refer to the Terms & Conditions and Frequently Asked Questions for more details.
	Complimentary Kids Protect Get your little ones (from 1-day old to 18 years old) covered with a 6-month complimentary personal accident plan for kids, with coverage up to S$20,000 when you sign up for POSB Smiley Child Development Account. T&Cs apply. Sign up now By selecting the “Sign up now” button, you will be leaving our website to access Chubb’s website. Please ensure that you understand Chubb’s product features and terms before purchasing.
	Affordable health insurance for your precious one Your child needs health insurance even when he/she is young and healthy. Here’s why: Hospitalisations aren’t always due to a chronic health condition Get the level of hospital care you want for your child Protect your family’s savings All Singaporeans and Permanent Residents have MediShield Life coverage which the government provides, but it doesn’t pay your full medical bill. For greater peace of mind, upsize your MediShield Life coverage with Singlife Shield Starter and Health Plus Starter, an affordable medical insurance plan with add-ons to protect you against unexpected hospital bills. Purchase this plan from now till 31 Dec 2024 to enjoy an exclusive S$50 off first-year premiums¹. Simply key in promo code “CDA1” when you apply for Singlife Shield Starter and Health Plus Starter for your precious one. Start your application now. ¹ Promotion terms and conditions apply. Key benefits of Singlife Shield Starter and Health Plus Starter: As-charged annual coverage of up to S$20,000 Lower out-of-pocket costs with just 5% co-payment of the hospital bills Payable via MediSave Higher coverage of up to S$1 million from age 40 Learn more about the plan here. This product is underwritten by Singapore Life Ltd. As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely. Buying a health insurance policy that is not suitable for you may impact your ability to finance your future healthcare needs. This is not a contract of insurance. Full details of the standard terms and conditions of this policy can be found in the relevant policy contract. Protected up to specified limits by SDIC.
	Enjoy deals and discounts Your POSB Baby Bonus NETS Card entitles you to exclusive benefits at selected retailers, such as: 8% off BabySpa weekday packages Baby Full Month gift packages Confinement and Catering packages Exclusive benefits

Disclaimers
Complimentary Kids Protect is underwritten by Chubb Insurance Singapore Limited (“Chubb”) and distributed by DBS Bank Ltd (“DBS”). It is not an obligation of, deposit in or guaranteed by DBS. This is not a contract of insurance. Full details of the terms, conditions and exclusions of the insurance are provided in the Policy Wording and will be sent to you upon acceptance of your application by Chubb. You should consider carefully if you are intending to switch accident policies, as this might be detrimental to your current and/or future needs. You may wish to seek advice from a financial adviser before making a commitment to purchase this policy. In the event that you choose not to seek advice, you should carefully consider whether the policy is suitable for you.This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation ("SDIC"). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Chubb or visit the General Insurance Association or SDIC websites.Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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