Insurance for senior citizens

Lianhe Zaobao published an article discussing the types of insurance plans that are suitable for Singaporeans preparing for old age. The spotlight was on disability protection and the national ElderShield scheme. Aviva's ElderShield supplements, MyCare and MyCare Plus, were discussed. The journalist highlighted some of the key features we offer such as early disability payout.

Simon Newman, CEO of Aviva Singapore, also pointed out that the "Elder" in "ElderShield" often misleads consumers to think they do not need such protection yet. In fact, Aviva's claims statistics shows that 70% of our ElderShield claims are from those aged below 55. Apart from ElderShield, experts say medical reimbursement, critical illness protection, and retirement savings are also essentials when financial planning for old age.

Read the article 'What insurance should senior citizens buy', Lianhe Zaobao, 12 June 2011, here.