ElderShield - Building a safety net for you and your family

ElderShield is an insurance scheme introduced by the Ministry of Health (MOH) since 2002 to help people who become severely disabled and are not able to perform simple everyday tasks.

Care suitable to the patient's needs (e.g., home nursing services, day rehabilitation, nursing homes, etc) can often be costly and continue over an extended period of time. The monthly cash payout from ElderShield will help defray out-of-pocket expenses for patients and their families.

From September 2007, ElderShield will also be enhanced to provide higher payouts over a longer period. The new scheme will provide $400 a month up to 6 years to severely disabled policyholders, up from $300 a month up to 5 years in the old scheme.

Further to the reform, Aviva Ltd entered the market and is pleased to be the third insurer appointed by MOH to offer the ElderShield scheme. Due to the competitive pricing we offered during the bidding process, 50% of all new ElderShield members will be allocated to Aviva.

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IF….

You are turning 40 years old soon

Plan early and secure the protection while you are young and healthy. Like most insurance, the younger you are, the cheaper the premiums.

With such an affordable and hassle-free scheme, ElderShield can extend peace of mind to you and your loved ones.

You are a caregiver for your parents

Protection for the future is priceless. ElderShield is an invaluable gift you can get for your parents. By safe-guarding their future, you are also helping yourself reduce the potential costs incurred with long-term care. What's more, you can use your own Medisave to pay for the premiums.

You are an existing ElderShield policyholder

With MyCare, you can complement your ElderShield coverage by increasing your benefit payout up to $2,000 and extending the benefit duration up to lifetime payout. With all the attractive benefits thrown in, you'd be glad to know premiums are still level and payable by Medisave.

You have previously opted-out of ElderShield

Think again. Do you really have adequate protection against unforeseen severe disability? ElderShield is an affordable and hassle-free scheme that can help defray your out-of-pocket expenses for expensive long-term care.

And if that's not enough, you can tailor your coverage with MyCare to meet your individual needs. With the flexibility to choose your preferred benefit payout, payout duration, and even premium payment term, you can be assured of coverage that meets your needs on every count!