ElderShield policyholders who wish to obtain higher coverage can do so by purchasing ElderShield Supplements. These Supplements complement ElderShield by offering additional benefits at different pricing levels. They increase your coverage through:
(i) increasing the monthly payout
(ii) extending the payout period or
(iii) a combination of both.
To preserve the basic risk pool of ElderShield, policyholders must have an ElderShield policy in order to purchase and maintain an ElderShield Supplement. Premiums for ElderShield Supplements can be paid using Medisave (up to a limit of $600 per year per person insured) or by cash. As ElderShield and ElderShield Supplements are structured as standalone policies, claims can be made under both policies if you fulfill the claims eligibility criteria.
Medisave-approved ElderShield Supplements
The Medisave-approved ElderShield Supplements by the three ElderShield insurers are listed below. Please contact any of the insurers for further information.
Great Eastern Life Assurance Co Ltd
- Download Great Eastern ElderShield ValuePlus Policy Document (63KB)
- Download Great Eastern ElderShield Comprehensive Policy Document (79KB)
NTUC Income Insurance Cooperative Ltd