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 NowSummary
I graduated from Royal Melbourne Institute of Technology
(RMIT) with a Bachelor of Business degree in Financial Planning
(Distinction) & was the TOP Student for the year.
During my 27 years of service in the Financial Services & Insurance
industry, my initial 13 years was with NTUC Income & subsequent 18
years in Financial Planning with the IFA firms .
My early years with the insurance firm provided me with a strong
foundation in Risk Management & also an appreciation of the
importance of being well insured to protect ourselves & our love
ones.
After pursuing my degree in Financial Planning & acquiring my CFP
since 2003, I am able to better serve my clients, journey with them,
guide them & help them to achieve their goals. It may be a long
journey but with discipline & consistency, the future will be what the
clients wanted.
As a strong advocate of Financial Planning, over the years, I
have done a series of talks at associations , community centres &
hospitals ; and also reached out to heartlanders to create awareness
of sound financial habits. I have also been featured on local media
(in the Straits Times and Lianhezaobao) on financial planning and
other related topics.
Experience
Financial Alliance Pte Ltd
Financial Advisor
Financial Alliance Pte Ltd
Senior Consultant
May 2016 - Present (5 years 7 months)
2 Bukit Merah Central #10-00, Singapore 159835
RMIT University
Bachelor of Business-Financial Planning, Financial Planning and
Services · (1999 - 2002)
RMIT University
Bachelor of Business-Financial Planning, Financial Planning and
Services · (1997 - 2001)