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How much premiums
do I have to pay for ElderShield?
How can I pay the
premiums?
Do I have to continue
paying my premiums if I become severely disabled?
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ElderShield
premiums are determined at the age of entry and do not
increase with age.
Premiums for
the respective ages are as follows:
| Entry
Age |
No.
of Premium Payments |
Annual
Premiums (S$) |
| Male |
Female |
| 40 |
26 |
174.96 |
217.76 |
| 41 |
25 |
182.03 |
227.11 |
| 42 |
24 |
189.71 |
237.29 |
| 43 |
23 |
198.12 |
248.41 |
| 44 |
22 |
207.36 |
260.60 |
| 45 |
21 |
217.53 |
274.03 |
| 46 |
20 |
228.78 |
288.87 |
| 47 |
19 |
241.27 |
305.32 |
| 48 |
18 |
255.21 |
323.68 |
| 49 |
17 |
270.83 |
344.23 |
| 50 |
16 |
288.44 |
367.40 |
| 51 |
15 |
308.44 |
393.70 |
| 52 |
14 |
331.34 |
423.79 |
| 53 |
13 |
357.79 |
458.55 |
| 54 |
12 |
388.67 |
499.13 |
| 55 |
11 |
425.19 |
547.10 |
| 56 |
10 |
469.03 |
604.68 |
| 57 |
9 |
522.60 |
675.03 |
| 58 |
8 |
589.48 |
762.94 |
| 59 |
7 |
675.36 |
875.94 |
| 60 |
6 |
789.68 |
1026.56 |
| 61 |
5 |
949.43 |
1237.34 |
| 62 |
4 |
1188.56 |
1553.35 |
| 63 |
3 |
1586.26 |
2079.69 |
| 64 |
2 |
2380.17 |
3131.62 |
| 1. |
Premiums
quoted in this schedule are applicable to: |
| a. |
New
Policyholders who join the revised ElderShield
Scheme from the Scheme Commencement Date under
the Auto-Coverage Arrangement or the Opt-In Arrangement
(issuance subject to medical assessment); and |
| b |
Existing Policyholders who join the revised ElderShield
Scheme (with underwriting) from the Scheme Commencement
Date. |
| 2. |
Regular
premiums shall be based on the age at which the
Policyholder joined ElderShield. |
| 3. |
Premiums
quoted are inclusive of 7% GST. |
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You
can use your Medisave to pay for your ElderShield premiums.
If you do not have enough Medisave savings, you may
also use the Medisave Accounts of your spouse, parents,
children or grandchildren. You may also pay by cash.
If you wish
to change your premium payment method, please complete
the Change
of Payment Method Form and send it to us.
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If
you become severely disabled, your ElderShield payouts
will start and your subsequent premiums will be waived.
If
you recover from your severe disability, the insurance
payouts will stop, and you will have to continue paying
the premiums to be entitled to any remaining payouts
if you have not received the maximum payout of 72 months
at the time of your recovery.
If
you have received the maximum payout of 72 months according
to the revised scheme, your policy will discontinue.
In this situation, of course, no further premium payment
is necessary.
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For
further enquiries,
please contact our Customer Service Centre at 6827
7788.
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