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Eldershield

Income Insurance

Long-Term Care

Category

Health Insurance

Coverage

Disability

Coverage Term

Yearly Renewable

Overview

ElderShield is an affordable severe disability insurance which provides basic financial protection to those who need long term care, especially during old age. It will provide a monthly cash payout to help pay for medical expenses for the care of a severely disabled person. The premium is determined at the age of entry and does not increase. Premiums are paid annually until age 65 and you can pay using Medisave or Cash. For new policyholders, ElderShield 400 is the only scheme available and will be paid $400 per month for a maximum of 72 months.

Key Features

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Earn up to 45% commission rebates*

*For eligible insurance plans only

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Understanding Health Insurance Plan

Health insurance helps pay for health care costs in the event of an injury, illness or disability. In general, such plans will fall into two categories: (1) Hospital, and (2) Long-term care.

(1) Hospital plans: Hospital insurance should be prioritised as the foundation of your insurance needs. While all Singaporeans and Permanent Residents are covered under MediShield Life, such plans do not provide as-charged coverage and only offers coverage for Class B2 or C wards in public hospitals.
(2) Long-term care: Payouts from CareShield Life will commence when you are unable to perform 3 out of 6 activities of daily living (ADL). Supplement CareShield Life to receive higher monthly pay-outs if you are disabled and unable to perform 1 or 2 ADLs as specified in your policy.

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