Saturday, July 31, 2010

Cordlife Discount and Baby Bonus


Do the following to get discount on Cordlife subscription and make full use of the baby bonus:
  1. Sign up for Thomson Medical First Born Incentives Card @$148. Currently you will enjoy $450 off the cordlife package. Check out the latest pricing and package details here: http://www.thomsonmedical.com/facilities.htm#firstborn
  2. Sign up for cordlife. If you have a referral (someone who had signed up before), you get an additional $50 off. Specify that you want to pay via CDA.
  3. Sign up for the Baby Bonus Scheme at the hospital's birth register counter.
  4. MCYS will send a letter on opening a Children Development Account (CDA) within 3 weeks.
  5. Open your child's CDA with Oversea-Chinese Banking Corporation Limited (OCBC Bank) or Standard Chartered Bank (Standard Chartered).
  6. Put in $6k into the account. Govt will match dollar for dollar. This money can be used for child care centres, kindergardens, Singapore Dollar fixed or time deposit accounts, and Cordlife payment. The usused balance in your child's CDA will be transferred to his or her Post-Secondary Education Account (PSEA) in the year your child turns 7 years of age. The funds in the PSEA can be used to pay fees for post-secondary education in Singapore for your child and his or her siblings.
  7. Update Cordlife with the CDA info here: http://www.cordlife.com/sg/existingclient/updatecdaaccountinformation.php. Ensure that you receive an email acknowledgment immediately after submission, else re-submit the CDA info again.

2 comments:

  1. Dear Blog Owner,

    can i know who requested this entry to be posted on your blog?

    I tried to find your email address but i can't find it.

    Please advise.

    ReplyDelete

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