IncomeShield

This plan has been withdrawn from new policies as of 23 January 2013. This plan is not available for upgrade or downgrade as of 1 March 2019. Only Change of Plan corresponding to the nationality is allowed.

If you are looking for a medical insurance plan, consider our Enhanced IncomeShield Plan or IncomeShield Standard Plan which are available for purchase.

Important Announcements

Changes to MediShield Life coverage for cancer drug treatment and services (From 1 Sep 2022)

From 1 Sep 2022, MediShield Life will shift to cover a Cancer Drug List (CDL) of clinically proven and more cost-effective outpatient cancer drug treatments. This will help ensure greater affordability of cancer treatments and insurance in the longer term.

Prior to 1 Sep 2022, patients could claim up to $3,000 per month under MediShield Life for all outpatient cancer drug treatments and related services. From 1 Sep 2022, the claim limits will range from $200 to $9,600 per month depending on the cancer drug treatment. An additional $1,200 per year is claimable for cancer drug services.

All Integrated Shield Plans (IPs) will also follow the CDL and introduce claim limits, when policyholders purchase or renew their policies from 1 April 2023. While IPs will not cover treatments not on the CDL, IP riders will cover treatments beyond the CDL, but to varying extents. More details on IP and rider coverage of cancer drug treatments and services will be shared by end 2022.

For more information, visit MOH’s website here.

Changes to Premiums for Integrated Shield Plans & Riders (From 1 Apr 2022)

To view your premium changes, click here.

Integrated Shield Plan Claims for COVID-19

As our borders progressively reopen to permit international travel, MOH is allowing Singapore Citizens and PRs who travel out of Singapore to claim for inpatient COVID-19 treatment from MediShield Life and Integrated Shield Plans on or after 20 Oct 2020, should they experience onset of COVID-19 symptoms within 14 days of their return to Singapore.

To support COVID-19 vaccination in Singapore, all IncomeShield plans will cover hospitalisation due to COVID-19 vaccination if it becomes necessary. The COVID-19 vaccination must be:

i. Approved by the Health Sciences Authority and administered in Singapore; or

ii. Approved under the Special Access Route and approved by the World Health Organisation under its Emergency Use Listing, where the use of such vaccines should be in line with its accompanying guidelines and recommended use, and administered by approved providers licensed by the Ministry of Health.

Here’s how IncomeShield complements your MediShield Life coverage.

Increase your policy’s yearly claimable amount from $150,000 (with MediShield Life) to up to $300,000.
Enjoy higher coverage for eligible inpatient[1] and outpatient[1] hospital expenses.

Enjoy these additional benefits

Reimburse pre- and post-hospitalisation expenses[1]^,[2] for eligible medical treatment up to 90 days before and after hospitalisation.
Get reimbursed for emergency inpatient hospital treatment expenses[1] while overseas.
Waive hospital deposits with a Letter of Guarantee[3].

Your policy toolkit.

Eligibility and payment frequency

IncomeShield is no longer available for new applications, upgrades or downgrades. Only Change of Plan corresponding to the nationality is allowed.

You need to make payment every year.

View full premium table for Main Plan

View full premium table for Deluxe Care Rider

View full premium table for Classic Care Rider

Policy conditions

Policy conditions for IncomeShield

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Important notes

Footnotes

Subject to co-insurance, deductibles, limits of compensation, precise terms, conditions and exclusions of this plan specified in the policy contract or rider.
Pre-hospitalisation and post-hospitalisation treatment are not covered for treatment given before or after inpatient psychiatric treatment benefit accident inpatient dental treatment, emergency overseas treatment or stay in a short-stay ward. Pre-hospitalisation and post-hospitalisation treatment are also not payable if the inpatient hospital treatment received during the stay in hospital are not payable.
Subject to individual hospital guidelines. Other terms and conditions apply.

Exclusions

There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

Important Notes

IncomeShield is available as a MediSave-approved Integrated Shield Plan for insured who is a Singapore Citizens or a Singapore Permanent Resident. This applies as long as the insured meets the eligibility conditions under MediShield Life. If the insured is a foreigner who has an eligible valid pass with a foreign identification number (FIN), IncomeShield is not available as an Integrated Shield Plan.

This is for general information only. You can find the usual terms and conditions of this plan in the policy conditions. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Income or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

Information is correct as at 26 October 2022.

Benefit Type	Preferred/Plan P	Advantage/Plan A	Basic/Enhanced C Plan B/Plan C
Daily cash benefit(each day)	$150	$100	$50
Get-well benefit	$300	$250	$100