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

Surina Zakariah

Senior Consultant

About Surina Zakariah

Do you have trust issues that investment products may be haram?

Do you need thorough explanation on Islamic principles on insurance and investment products?

And,

Are you concerned that you have not prepared your retirement plan?

If you have any of the above concerns, I would love to assist and work with you!

Hello and Peace be upon you!

I am Surina and I am a shariah wealth advisor. I am a former MOE teacher for 12 years before finally joining this industry of financial advisory. What I appreciate most being in this field is that; I get to part of my clients' journey to financial stability and independance. With the financial products and services I provide, it heartens me to see my clients' savings grow and grow, in line with their future goals.

Why you should invest??

I still remember that a set of roti prata used to cost 80 cents when I was young but is now $2.20. That's inflation at play and everything will increase in price as time passes by. The time value of money states that purchasing power of money changes with the passage of time. So in spending your money, you face INFLATION, on the other hand when you save your money, you may gain a little bit of INTEREST (Riba), which will not keep up with the ever-rising inflation rate. Ultimately, this is the reason why you need to invest your savings so that it will not lose value due to inflation!

Plus, if you are a Muslim, savings are zakatable hence you must be savvy to ensure that your investment returns are high enough to enable your savings to pay off zakat and still brings in profits (identifying funds with higher potential return rates).

Want to find out about these shariah compliant investments??

Come, let's have a kopi session soon ya! Click on the Contact button and I will reply to you the soonest I can!!