Singlife CareShield Standard and Plus
Two government-approved supplement plans that boost your CareShield Life or ElderShield payouts so that you can get the care you need during unexpected events in life.
Two government-approved supplement plans that boost your CareShield Life or ElderShield payouts so that you can get the care you need during unexpected events in life.
Footnotes
All ages mentioned refer to age next birthday (ANB).
* Activities of Daily Living (ADLs) refer to washing, toileting, feeding, dressing, transferring around and walking or moving around.
1. You are unable to perform at least two (for Singlife CareShield Plus) or three (for Singlife CareShield Standard) of the six Activities of Daily Living (ADLs).
2. Add-on Benefit payouts start when you're unable to perform 2 ADLs for Singlife CareShield Standard and 1 ADL for Singlife CareShield Plus.
3. There are two ways to pay for a limited time; the later of the two options will apply. The two ways are:
a) The Life Assured may pay up to the policy anniversary after they turn 68
b) The Life Assured may pay for 20 years from entry age (if Life Assured joins at age 49 or older)
4. MediSave use is applicable to an amount of up to S$600, per calendar year, per life assured. Premiums exceeding this limit will have to be paid in cash. If there are insufficient funds in the designated MediSave account, cash payment will be required for the difference.
5. The monthly benefit refers to the monthly payout when the Life Assured suffers from a Severe Disability, as defined in the plan.
6. The Life Assured may receive an additional 20% of their monthly benefit - for up to 36 months - while they're receiving their monthly benefit or rehabilitation benefit.
7. The Life Assured may receive an additional 60% of their monthly benefit - for up to 12 months - while they're receiving their monthly benefit or rehabilitation benefit.
8. A lump sum benefit will be payable if the Life Assured dies due to any accident or sickness while receiving either the Severe Disability Benefit or the Rehabilitation Benefit. The Death Benefit will amount to 3 times of the last paid Severe Disability Benefit or the Rehabilitation Benefit, whichever is applicable.
9. The policyholder may exercise this option, without providing further evidence of insurability at any of the following life stage events, when the Life Assured:
a) purchases a property;
b) marries, divorces or is widowed;
c) becomes a parent by having a newborn child or by adopting a child below 19 years old
d) salary increases by 50% or more from application;
e) completes a skills development course of at least six months;
f) purchases a new individual life insurance policy or a Supplementary Benefit from us, with full underwriting at standard terms; or
g) spouse suffers a Severe Disability (with the inability to perform at least three of the six ADLs) or dies.
This option allows the policyholder to increase the policy's monthly benefit with extra premium payable. The total monthly benefit that can be increased under this option is limited to 50% of the policy’s initial monthly benefit, as agreed at policy inception or at the date this option is exercised – whichever is lower. This option is extended to standard life only. Please refer to the Product Summary for more details.
Both plans offer enhanced support for severe disabilities in addition to the existing government schemes, so you can have better assurance for you and your loved ones.
Buy Now
I'm Adrian, and I'm thrilled to connect with you in the realm of personal finance and wealth management. As a dedicated financial coach, I am passionate about helping individuals like you gain control of their financial lives and achieve long-lasting prosperity.
For over a decade, I have been honing my skills as a financial coach, specialising in three key areas of planning:
1️⃣ Financial Planning: I work closely with my clients to create personalised financial road maps that align with their unique aspirations. Together, we identify short and long-term goals, analyse current financial situations, and devise comprehensive strategies to achieve those objectives. Whether it's building an emergency fund, tackling debt, or planning for retirement, I provide tailored guidance every step of the way.
2️⃣ Wealth Management: I believe that wealth is not just about accumulating money; it's about making informed decisions to grow and protect it. I assist individuals in optimising their investment portfolios, utilizing low-risk investment strategies to generate income or long-term growth. By leveraging my expertise in wealth management, I empower my clients to make sound financial choices and navigate the ever-changing financial landscape confidently.
3️⃣ Goal Setting: One of the keys to financial success is setting clear, measurable goals. Together, we'll uncover your aspirations and dreams, and I'll help you craft achievable objectives that align with your values. Through regular progress assessments and adjustments, I ensure that you stay motivated and on track to attain your financial milestones.
🔑 How I Add Value: ✔️ Empower individuals to take control of their financial future ✔️ Provide personalised guidance tailored to individual needs ✔️ Equip clients with the knowledge and tools for financial success ✔️ Foster long-term relationships based on trust and open communication
I firmly believe that financial well-being is within reach for everyone, regardless of their background or current circumstances. My friendly and approachable coaching style creates a safe and non-judgmental space where clients can openly discuss their financial concerns and aspirations. Together, we'll turn your financial dreams into achievable realities.
If you're seeking a dedicated financial coach who can guide you through the complexities of financial planning, wealth management, goal setting, low-risk investment, medical coverage for pre-existing conditions, and estate planning, let's connect! Feel free to reach out, and let's start the journey towards financial freedom together.