- Level premiums: Premiums do not increase with age.
- Lump sum benefit: A sum of three times the size of the monthly payout will be given after the first claim and also in the event of death during the period of coverage.
- Rehabilitation benefit: A sum of half the size of the monthly payout will still be given if the policyholder recovers slightly but is still unable to perform at least two activities of daily living, such as bathing or eating.
Options
- Period of payment: Every year up to age 67 (subject to minimum of 20 years' payment), or every year for life.
- Period of coverage: 12 years or lifetime.
- Monthly payout, including basic ElderShield payout of $400: $600, $800, $1,000, $1,400, $2,000, $3,500.
- Dependent care benefit: An additional $200 a month will be given for up to 36 months, if one of your children is aged below 21 when you start claiming from your policy.
GREAT EASTERN
ElderShield Comprehensive
Standard features
- Level premiums: Premiums do not increase with age.
- Period of payment: Every year up to age 80.
- Period of coverage: 10 years.
- Lump sum benefit: A sum of three times the size of the monthly payout is given after the first claim and also in the event of death during period of coverage.
Options
- Monthly payout, excluding basic ElderShield payout: $400 to $3,000 (choose in increments of $100).
ElderShield ValuePlus 300 (for ElderShield policyholders on the original ElderShield)
- Age-banded premiums: Premiums increase with age.
- Period of payment: Every year for life.
- Period of coverage: 10 years
- Monthly payout: $300
- Lump sum benefit: $900 will be given after the first claim and also in the event of death.
ElderShield ValuePlus 400
- Age-banded premiums: Premiums increase with age.
- Period of payment: Every year for life.
- Period of coverage: 10 years
- Monthly payout: $400
- Lump sum benefit: $1,200 will be given after the first claim and also in the event of death.
- Premium will be waived in the first year for those who sign up during the promotion period.
NTUC INCOME
ElderShield Care
Standard features
- Level premiums: Premiums do not increase with age.
- Period of payment: Every year up to age 65.
Options
- Period of coverage: Up to six years.
- Monthly payout, excluding basic ElderShield payout: $100 to $3,000 (choose in increments of $100).
ElderShield Lifetime Care 300
(for ElderShield policyholders on the original ElderShield)
Standard features
- Level premiums: Premiums do not increase with age.
- Period of payment: Every year up to age 65.
- Period of coverage: Lifetime.
Options
- Monthly payout, excluding basic ElderShield payout of $300: $200 to $3,000 (choose in increments of $100).
ElderShield Lifetime Care 400
Standard features
- Level premiums: Premiums do not increase with age.
- Period of payment: Every year up to age 65.
- Period of coverage: Lifetime.
- Lump sum payment: A sum of three times the size of the monthly payout will be given after the first claim and also in the event of death.
Options
- Monthly payout, excluding basic ElderShield payout of $400: $200 to $3,000 (choose in increments of $100).
