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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👋 Hi, I'm Lawrence Koh from Singapore!
I'm an independent financial advisory practitioner with over 15 years of experience in wealth management since 2009. What I love about my work is that I represent clients' interests, not those of financial institutions. My goal is to help clients find the best solutions to meet their financial goals while minimizing wasted time and money. 💼💡 (Its never about how fast you run, its about whether are you running to the right direction because U-turn is costly in money and time)
What I love about my role is able to represent my clients’ interests, rather than the interest of financial institutions'. My goal? Helping clients achieve their financial objectives while minimizing wasted time and money. 💼💡(Its always comforting for me as a practioner to know that i do not need or be forced to promote any financial product for any particular financial institutions in the course of financial advisory work for my clients.)
Before this, I spent 9 years in the chemical industry 🌿⚙️, honing optimization and account management skills—skillset that now is key to optimizing financial portfolios and solving the living expenses challenge for my clients. 💸📉 (A winner is someone who recognizes his God-given talents, works his tail off to develop them into skills, and uses these skills to accomplish his goals. ~ Larry Bird)
Most people rely on active income (trading time for money 🕒), but this approach isn't sustainable, as our earning years are shorter than our spending years. I help clients reduce resource wastage and use their surplus to generate passive income 💰📈 thru both investment and non-investment strategies, moving them toward financial freedom.. (I have 3 competitors....They are Illness, Retrenchment, Reductant... I have to compete with these 3 competitors to reach my client and help them create passive income before my competitors reached them because my competitors will disable them from selling time for money...)
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Progression Outperforms Perfection
Financial freedom is possible with proper wealth management. I help PMETs (35-45) generate passive income to secure stability before retrenchment or retirement through a proven 3-stage financial freedom program:
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Mentorship for Career Transformation
As an ex-mid-career switcher, I help others transition smoothly into building financial practices that create real value, not just products.
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What's your offer that clients can't live without? If interested in exploring this career, DM me to learn how to build a successful IFA practice that's fulfilling and rewarding.