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ElderShield
provides a basic level of protection against severe
disability and is designed to be a starting point for
your needs. With MyCare, you can transform your ElderShield
cover into lifetime benefits of higher benefit payouts,
with premiums that do not increase with age.
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Unlimited payout term
MyCare
offers you the choice of an unlimited payout term, meaning
you receive monthly payouts for the rest of your life,
should severe disability persist.
Limited premium payment for lifetime
cover
MyCare
offers you the option to stop paying premiums at age
67 next birthday (subject to a minimum of 20 years),
yet you can still make a claim at any age, should severe
disability strike.
Cash-free payment with
Medisave
Payment is hassle-free
as you can use Medisave funds up to $600 per year per
life assured. You also have the flexibility to use the
Medisave of your spouse, children, parents or grandchildren.
Recover and still receive
50% benefit payout
During your recovery
process, you may still need special care when unable
to perform at least two of the 6 Activities of Daily
Living. With MyCare's Rehabilitation Benefit, you can
continue to receive 50% of your applicable monthly benefit
after a severe disability claim.
Protection for your children
For parents of children aged below 21
at point of claim, MyCare offers a Dependant Care Benefit
amounting to an additional $200/month for up to 36 months,
on top of the applicable monthly benefit while in claim.
Lump Sum Benefit
We understand
that unforeseen circumstances often mean unexpected
costs. MyCare's Lump Sum Benefit provides an additional
three times your first applicable monthly benefit, with
your first payout in the event of severe disability.
Death Benefit
MyCare provides
a Death Benefit of three times your last drawn monthly
benefit if death occurs while you are receiving the
Severe Disability Benefit or Rehabilitation Benefit.
Additional benefits that meet real
needs
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Choice
of 5 benefit amounts - $600, $800, $1,000, $1,400,
or $2,000
(inclusive of your basic ElderShield benefit) |
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Choice
of benefit payout duration - Lifetime or 12 years |
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Choice
of premium payment term - Until age 67 next birthday
(subject to a minimum of 20 years) or ongoing |
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Tax-free
cash payouts |
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Premiums
are not subject to GST |
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Premium
waiver while you are receiving benefit payouts |
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24 hours
worldwide coverage |
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Guaranteed
renewable |
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Option
to pay by cheque or GIRO if you prefer |
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