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What are ElderShield
Supplements?
Why do I need a Supplement?
Am I eligible to
take up MyCare?
Why should I join
now?
What will happen
to my MyCare policy if I terminate my basic ElderShield
policy?
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ElderShield
Supplements provide optional additional coverage, on
top of the ElderShield product at additional premiums.
This means you can tailor your protection coverage to
suit your individual needs.
With MyCare,
you have the flexibility to choose your:
(i) Monthly
benefit amount (up to $2,000/month),
(ii) Payout duration (up to lifetime), and
(iii) Premium payment term (as short as until age 67
next birthday).
This way,
you get a plan that is uniquely yours, catering to your
individual needs and financial capabilities.
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While
your ElderShield policy provides a basic level of protection
against severe disability, you might not find it sufficient
to meet your needs.
MyCare
provides higher monthly benefits (up to $2,000/mth,
inclusive of your basic ElderShield benefit) for a longer
period of time (up to lifetime). With the rising costs
of living and longer lifespan Singaporeans are experiencing,
having better coverage is essential to ensure your future
is protected.
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To
ensure that Singaporeans have at least a basic severe
disability plan, a policyholder purchasing an ElderShield
Supplement must first be covered under an ElderShield
policy.
You
can take up MyCare regardless of who your basic ElderShield
policy insurer is.
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Like
the basic ElderShield policy, MyCare's premiums are
determined at the age of entry and do not increase with
age. By joining early, you can enjoy all the higher
benefits of MyCare at a lower premium.
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If
I am still in the old ElderShield plan (benefit of $300/mth
for up to 5 years), do I need to upgrade in order to
buy the Supplementary Plan?
No.
You can purchase MyCare as long as you have an in-force
ElderShield policy.
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What
will happen to my MyCare policy if I terminate my basic
ElderShield policy?
To
ensure that Singaporeans have at least a basic severe
disability plan, a policyholder purchasing an ElderShield
Supplement must first be covered under an ElderShield
policy. As such, if you terminate your basic ElderShield
policy, your MyCare policy will also be terminated.
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What
will happen to my MyCare policy if my basic ElderShield
policy benefits have been fully paid?
Your
MyCare policy will continue to provide severe disability
benefits for life or up to 144 months of benefit payout
duration, even after your basic ElderShield policy benefit
has been fully paid.
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For
further enquiries,
please contact our Customer Service Centre at 6827
7788.
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