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.
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Asyraf is currently active in the financial industry. He is from Financial Alliance managing investment and insurance portfolios.
Formerly a frontline section commander from SCDF during his NS days. He developed a sense of nobility after responding to numerous real life incidents. This was the triggering point as he kept asking what happened to the patient as well as their dependents once he/she was saved or even can’t be saved. What is the next step?
He believes that while pursuing for financial security in exchange for peace and fulfilment can be achieved without one needing to to work till die.
In reality however, he helps his clients sleep well at night, knowing they’re financially ready for anything life throws at them. These days instead of putting out physical fires , Asyraf is helping clients to avoid or putting out financial fire in their lives. His passion is help them achieve their “FIRE” ( Financial Independence, Retire Early)
Firmly committed to financial growth and security, Asyraf offers an uncompromising standard of financial advice.
He strongly believes that financial literacy is a critical life skill no matter how cash rich you are or how many types of multiple income you can generate.
Though just reached a quarter of the millennia. He slowly assumes the role as a breadwinner to his dad. Although he comes from a different angle to understand the struggle everyone goes through, with the financial challenges everyone faces! He believes the 2 cents may play a huge role to be the deciding factor in providing assurance to the people from being financially-challenged to become financially secure no matter which life stage the client is at.
An adrenaline junkie as well as an avid fitness freak. He seems to gain satisfaction through sweating it out as after all health is wealth.
“The greatest wealth is health, that is why it is first”
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