Singlife CareShield Standard and Plus

Key Features & Benefits

Additional Payouts for Severe Disability

S$200 to S$5,000 more on top of basic severe disability payouts from the government, for as long as you're severely disabled¹.

Support Starts Upon Onset of Disability

Receive additional monthly payout of up to 12 months with the Add-on Benefit² if you are unable to perform any Activities of Daily Living (ADLs)^*. Stop paying your premiums but remain covered when you have a mild disability.

Pay on Your Own Terms

Pick fixed or increasing payouts, and your preferred premium payment period up to the policy anniversary after you turn 98, or for a limited time³. Pay your premiums with your MediSave⁴, and you'll spend little or no cash from your pocket.

Lump-Sum Payouts

Get a lump-sum benefit that's 3x your monthly benefit⁵, when you're severely disabled - this can help with one-time costs, such as in the purchase of a wheelchair.

Family Matters

If you're severely disabled, get additional payouts if you have children under 22⁶; to help cover caregiver costs⁷; and to support your dependants when you die⁸.

Better Supplements for Life Events

Entering parenthood or purchasing property? Increase your payouts when it matters, without underwriting hassle⁹.

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.

Buy Singlife CareShield Standard/Plus

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Client Acknowledgement

This insurance plan is underwritten by Singlife. All insurance applications are subject to Singlife’s underwriting and acceptance.

By proceeding with the product application, you acknowledge and agree that:

• Financial Alliance Pte Ltd ("FAPL") may collect, use, and disclose your personal data, as provided by the insurance company to FAPL as a result of your application, for the following purpose(s) in accordance with the Personal Data Protection Act 2012 and our data protection policy:

a) the processing of your application; and
b) the administration and servicing of your policy

Please visit our website for further details on our data protection policy, including how you may access and correct your personal data or withdraw consent to the collection, use or disclosure of your personal data.

• All information submitted through this website will be your own, and will be true, accurate, and unaltered.

• Insurance plays an important role in your financial planning, and buying an insurance product is a long-term commitment. You should seek financial advice from your Financial Consultant before purchasing this policy. Should you choose not to, you shall be responsible for ensuring that the policy is suitable and appropriate in meeting your financial needs and objectives.

I accept the Terms & Conditions and acknowledge that my information will be used for the aforementioned purposes.

Need Advice?

Meet Your #ChooseIndependent
Financial Adviser Representative

Lim Sock Cheng Chenise

Wealth Advisory Director

About Lim Sock Cheng Chenise

Chenise Lim is committed to provide quality advice to her clients. She believes very strongly that a financial plan goes a long way to helping clients achieve their lifestyle dreams, “I know that financial planning done right will make a positive difference in people’s lives”. More importantly, she builds relationships through understanding and overseeing clients’ concerns.

Chenise’s passion for financial planning for clients was the impetus that made her move out of corporate insurance to financial advisory in 1998. Since then, she has worked with various advisory firms in which she applied her financial planning skills in cash flow management, risk management, Investment planning, tax planning and estate planning with great success. Along the way, and with different firms, she picked up key performance awards such as the “Top Revenue” recipient, the “Top Consultant” award and “Top in acquiring client transfer” in her first 3 months with IPAC. Moreover, she constantly achieves being in the top 5% in overall performance. She also has prior experience in setting up her own practice that had a full Financial Advisory licence from MAS. Currently, she is working with Financial Alliance as an Wealth Advisory Director, managing clients’ comprehensive needs analysis; corporate schemes such as investment planning, employee benefits, medical insurance, pension and risk management strategies. She also assists in advising, guiding and mentoring some consultants in the organization with respect to the different skill sets required to build a successful career.

Some of the past workshops Chenise has conducted are: “Women & Investing”; “Medical Insurance required for students going to study overseas”; “Seminar for the 30s”; “Retirement Planning”; “Smart Women” and “Financial Planning for school teachers/staff”.

Chenise was also one of the formally selected consultants to work with DBM – an outplacement specialist who helps their clients (mainly MNCs) go through financial needs matters during their transition.

Valuing a balanced lifestyle and understanding there’s more to life than just work, Chenise has always been active in associations outside of work. She was heavily involved with the Insurance and Financial Practitioners Association of Singapore (IFPAS). Chenise previously held the role of Vice President in Public Relations for the Toastmasters Club in 2000 and played an active role in creating workshops for girls in the Toa Payoh Girls Home with UWAS, where she held the role of Secretary. Chenise has also contributed to articles to the newspapers and magazines (including Her World) and appeared on TV to discuss various financial planning topics. She appears on Vodcast on “Women & Finance” occasionally and is actively servicing in her cell group.

In her leisure time, Chenise enjoys reading, travelling and handicraft work. She holds a Bachelor of Business in Financial Planning from the Royal Melbourne Institute of Technology (RMIT) and obtained her Master of Business (Personal Financial Planning) from University of Southern Queensland (USQ) in 2010.

Chenise is competent in providing Comprehensive Financial Planning, including Cashflow Management, Tax Planning, Investment Planning, wealth Planning, General Insurance as well as Group and Life Insurance schemes. Her vast clientele is made up of different age groups and different levels of net-worth. Chenise also works alongside some families in the region on their estate and trust matters.

Some of her corporate clientele include MNCs and SMEs as she administers and advises on their group employee benefits and staff retention schemes.