Our supplement for ElderShield
Enhance your disability insurance for higher payouts.
Customise monthly payouts
Get monthly cash from S$600 to S$5,000, depending on your chosen premium.
Customise monthly payout duration
You decide how long you wish to receive the disability income - 12 years or unlimited lifetime payout.
Pay premiums via Medisave
You can pay premiums using your Medisave fund of up to S$600 per calendar year per Life Assured1.
You can't put a time limit on how long recovery takes
It's hard when your disability payout stops before you're well and ready.
|Key Benefits||ElderShield||MyCare||MyCare Plus|
|Requirements for Benefits Payout||Inability to perform at least 3 out of 6 "activities of daily living (ADL)" such as washing, toileting, dressing, mobility, feeding and transferring (say from bed to wheelchair)||Inability to perform at least 2 out of 6 ADL|
|Benefit Payout Duration||Up to 6 years (72 months)||Lifetime payout or up to 12 years (144 months)|
|Premium Term||Pay up to the policy anniversary after your 65th birthday (66 age next birthday)||(i) Lifetime;
(ii) Pay up to the policy anniversary after your 65th birthday (66 age next birthday), or for 20 years, whichever is later.
|Monthly Severe Disability Benefit||Up to S$400||S$600 to S$5,000 (in increments of S$100), including ElderShield benefit|
|Lump Sum Benefit||Nil||Additional 3 times of your first monthly income|
|Rehabilitation Benefit||Nil||50% of your monthly Severe Disability Benefit for the remaining Benefit Payout Duration||Nil|
|Dependant Care Benefit||Nil||Additional S$200 per month up to 36 months if you have a child aged 21 years and below at point of claim|
|Death Benefit||Nil||Additional 3 times of your last drawn monthly Severe Disability Benefit|
|Waiting Period||90 days.
Waived for accidental causes and insureds under the auto- coverage arrangement
Waived for accidental causes and/or inability to perform 3 or more ADL.
|Deferment Period||90 days|
S$100 off first year's premium
MyCare and MyCare Plus now come with S$100 off your first year's premium! Terms and Conditions apply.
Terms and Conditions
Important notes regarding Additional Premium Support (APS) Policy
For Appointed Assessor information, please click here.
Please contact your preferred Financial Advisor for a copy of the relevant Product Summary/ies.
Take a look at our latest articles
Information on how 'severe disability' is defined and what Eldershield covers.
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About MyCare and MyCare Plus
Find out how MyCare improves your ElderShield benefits.
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1 Premiums exceeding the S$600 Medisave deduction limit will have to be paid in cash. If there are insufficient funds in the Medisave account, cash payment will be required for the difference.
The policy is underwritten by Aviva Ltd.
This is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. A copy of the Product Summary may be obtained from Aviva Ltd and the participating distributor's offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a financial adviser representative, before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you. Buying an accident and/or health insurance policy that is not suitable for you may impact your ability to finance your future healthcare needs. It is usually detrimental to replace an existing accident and health policy with a new one as the new policy may cost more or have fewer benefits at the same cost.
Information last updated December 2019.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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 Aviva Ltd or visit the Life Insurance Association Singapore or SDIC websites (www.lia.org.sg or www.sdic.org.sg).