ElderShield is an insurance scheme introduced by the Ministry of Health (MOH) to provide financial help to those who are unable to take care of themselves because of severe disabilities.

As many as 1 in 12 elderly persons suffer from disabilities as a result of aging and illness which make them incapable of doing simple everyday activities. These people need long term care which can be expensive and may require financial help.

ElderShield provides a cash payout of every month to those who are severely disabled, those who are not able to do 3 or more of the following Activities of Daily Living - washing, feeding, dressing, toileting, mobility and transferring.

This sum of money will reduce the financial burden of patients and their families as it can be used to pay for nursing and medical care at home or in institutions.

Increased coverage after 30 September 2007 - Basic ElderShield 400
Under the Basic ElderShield 400, you will receive an increased monthly cash payout of $400 should you become "severely disabled". You can draw this sum of money for up to 72 months.

Premium
ElderShield premiums are affordable and can be deducted from the policyholder's Medisave account or the accounts of their spouse, parents, children or grandchildren. Premiums can also be paid in Cash, Cheque or Giro.

During the initial launch on 30 September 2002, persons between 40 and 55 years old will pay yearly premiums until 65 years old under the Regular Premium Plan. Those between 56 and 69 years old can pay premiums over 10 years under the 10-Year Premium Plan, and Singapore Citizens will also receive premium subsidies from the Government.

ElderShield Supplements - ElderShield Care and ElderShield Lifetime Care
Recently, Ministry of Health has allowed insurers to provide supplements to the ElderShield Plan. ElderShield Supplements provide optional additional coverage, on top of ElderShield at additional premiums.

With effect from 15 October 2007, we launched two ElderShield Supplements called ElderShield Care & ElderShield Lifetime Care.

ElderShield Care allows you to have additional monthly benefits, on top of your ElderShield plan, up to 72 months. You may purchase monthly benefits from $100, in multiples of $100, up to $3000.

ElderShield Lifetime Care allows you to enjoy an extended monthly benefit, after your ElderShield plan payments are exhausted.

ElderShield Lifetime Care in two versions.

1. ElderShield Lifetime Care 400 caters to those who are covered under the Basic ElderShield 400.
2. ElderShield Lifetime Care 300 caters to those who are covered under the Basic ElderShield 300.

Under ElderShield Lifetime Care 400, policyholders receive a lump sum yearly benefit of 3 times the monthly benefit for the first 3 years. You may purchase monthly benefits from $200, in multiples of $100, up to $3000.

Please call 6332 1133, email healthcare@income.com.sg or
Visit our branch/business centres, contact your insurance adviser