MyLongTermCare and MyLongTermCare Plus

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.

2. Monthly payouts will be payable when you're severely disabled. Severe disability shall mean the inability of the Life Assured to perform at least 3 of the 6 (for CareShield Life/MyLongTermCare) or 2 of the 6 (for MyLongTermCare Plus) Activities of Daily Living. For detailed definitions please refer to the Product Summary.

3. Rehabilitation Benefit is only available for MyLongTermCare.

4. The monthly benefit refers to the monthly payout when the Life Assured suffers from a Severe Disability as defined in the plan.

5. Payouts will be reviewed regularly and may be adjusted to account for claims experience and long-term changes in disability and longevity trends.

6. Singapore Residents who are aged 59 or older when joining will be able to spread their base premiums over 10 years, beyond age 67.

7. The Policyholder may exercise this option without providing further evidence of insurability at any of the following life stage events when the Life Assured:

a) purchases a property;
b) marries, divorces or is widowed;
c) becomes a parent by having a newborn child, or legally adopts a child below 19 ANB;
d) salary increases by 50% or more from application;
e) completes a skills development course of at least 6 months;
f) purchases a new Individual Life insurance policy or a Supplementary Benefit from Aviva Ltd with full underwriting at standard terms; or
g) spouse suffers a severe disability (with the inability to perform at least 3 of the 6 ADL) or dies.

This option allows the Policyholder to increase the Policy’s monthly benefit with extra premium payable. The total monthly benefit that can be increased under this option is limited to 50% of the Policy initial monthly benefit as agreed at policy inception or at the date this option is exercised, whichever is lower. This option is extended to standard life only. Please refer to the Product Summary for more details.

8. The Deferment Period is a period of 90 days from the date the Life Assured is confirmed and certified by an Appointed Assessor as severely disabled. The monthly benefit, Lump Sum Benefit, Dependant Care Benefit and Caregiver Relief Benefit will be paid after the Deferment Period. Waiver of Premium is applicable after the Deferment Period. The Deferment Period shall be waived if the Life Assured suffers from a Severe Disability arising from the same cause within 180 days from ceasing to suffer from the Severe Disability.