Singlife CareShield Plus
Singlife
Category
Health Insurance
Coverage
Disability
Coverage Term
Whole Life
Overview
Singlife CareShield Plus offers enhanced coverage to ElderShield and CareShield Life. Choose between Level Benefit Payout or Escalating Benefit Payout (increasing at 2% or 3% per year at policy anniversary) and receive additional monthly benefits between S$200 to S$5,000. For escalating benefit payout structure, payouts will stop escalating when first successful claim is made or when premium has been paid in full, whichever earlier. Monthly benefit given from when the Life Assured is unable to perform at least 2 activities of daily living (ADL).
Key Features
- Additional pay-outs between $200 to $5,000 on top of CareShield Life pay-outs.
- Choice between fixed or increasing pay-outs.
- Additional support from inability to perform 1 ADL.
- No waiting period.
- Payout when unable to perform at least 2 ADL.
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.
