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
Decide how long you want to pay premiums
Pay up to age 66 years or for 20 years from when you start (whichever is later) with up to S$600 per year from Medisave account
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
||Unable to do 3 out of 6 "activities of daily living (ADL)" or self-care such as washing, toileting, being mobile, walking, feeding and transferring (say from bed to wheelchair)
||Unable to do only 2 out of 6 ADL|
|Benefit Payout duration||Up to 6 years||Unlimited lifetime payout or up to 12 years|
|Premium term (how long you need to pay for coverage)||Pay until you're 66 years old||
Pay until you're 66 years old or for 20 years from when you first started the plan
|Monthly severe disability income
||S$400||From S$600 to S$5,000|
|Lump sum cash
||Nil||3x your first monthly disability income|
|Rehabilitation benefit||Nil||50% of your monthly severe disability income up to the end of the payout duration||Not applicable|
|Money for your dependants' care||Nil||S$200 per month up to 36 months if you have a child aged 21 years and below when you make the claim|
|Death payout||Nil||Additional 3 times your last drawn monthly severe disability income|
|Waiting period||No payout within 90 days of policy issued. Waived for accidental causes and auto coverage||None||No payout within 90 days of policy issued. Waived for accidental cause and inability to perform 3 or more ADL|
|Deferment period||90 days|
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.
Aviva Privilege Card
A special health and wellness discount programme available exclusively to MyCare & MyCare Plus policyholders.
About MyCare and MyCare Plus
Find out how MyCare improves your ElderShield benefits.
S$100 off first year's premium
MyCare and MyCarePlus now come with S$100 off your first year's premium! T&C apply.
Upgrade your Eldershield
Upgrade your Eldershield with MyCare or MyCare Plus for a higher monthly payout. Get in touch with us now.
1Terms and Conditions apply.
This discount is only for the purchase of Aviva's MyCare or MyCare Plus policy(ies).
A minimum premium of S$500 per annum is required for the policy to be eligible for the use of the discount voucher.
One MyCare or MyCare Plus Application is entitled to only one discount voucher. Discount voucher is transferrable but cannot be combined with others.
For the eligibility of the discount, the voucher needs to be submitted together with a MyCare or MyCare Plus Application Form.
The discount voucher is not exchangeable for cash, credit or any other item in part or in whole.
The discount voucher is valid until 30 September 2018 (date inclusive). Application must be signed by 30 September 2018 (date inclusive) and received by Aviva Ltd by 15 October 2018 (date inclusive).
The discount voucher is applicable for a one time premium discount only.Aviva reserves the right to withdraw the promotion at its absolute discretion, at any time without prior notice.
Please refer to your policy contract for all other terms and conditions governing your insurance policy.
In the event of any cancellation of the policy where refund is applicable, only the premiums paid (which exclude the amount on the discount voucher) will be returned. For CPF-funded policy, the premiums will be transferred back into CPF account.
For complete details, please refer to the product brochure and product summary or speak to your preferred financial adviser representative.
Wherever age is mentioned, it's calculated based on age next birthday.
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 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 a life and health insurance policy is a long-term commitment. Early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid. This brochure is not a contract of insurance. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract.
Information is last updated at July 2017.
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).