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ELDERSHIELD COMPREHENSIVEEnhance your protection in your golden years
Health Protection
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When the costs of medical treatment and Long Term Care rise over time, you’d want to ensure that you are adequately protected against such costs.Singapore Citizens and Permanent Residents with Medisave accounts are automatically covered by basic ElderShield at age 40. In the event of losing the ability to perform at least 3 out of 6 Activities of Daily Living (ADLs), you will receive S$400 Monthly Benefit payouts for up to six years.
Is basic ElderShield enough to provide for your Long Term Care needs?Long Term Care can be very costly, especially if you are unable to care for yourself for an extended period of time. As most people are not able to save enough money for their own Long Term Care, the financial burden falls to their loved ones who will have to juggle between work and caregiving obligations.
Enhance your basic ElderShield with ElderShield ComprehensiveElderShield Comprehensive is designed to supplement basic ElderShield by providing higher benefits while stretching coverage up to a lifetime, to help you lessen the financial burden and provide greater peace of mind.
Plan for your Long Term CareFewer young people to support the elderly
Singaporean aged 20 – 64
Senior Citizen aged 65 and above
Declining Old-Age Support Ratio2
Year 2000
8.4 : 1Year 2015
4.8 : 1Year 2030
2.1 : 1
High cost of Long Term Care in Singapore
Other costs you may incur for Long Term Care:
Daily living expenses
Medication and therapy
Medical aids to help in daily living
Physiotherapy
HomeNursing
Estimated S$2,400
per month1
(S$80 per visit)
Community Hospital
Estimated S$8,000 – S$9,000
per month1
Home Care Inpatient Care
Nursing Home
Estimated S$1,200 – S$3,500
per month1
DomesticHelper
Estimated S$1,000
per month
With the size of families shrinking, the children of these smaller family units face a heavier burden in paying for and supporting their parents’ Long Term Care.
Common medical conditions that lead to ElderShield claims3 1. Cancer2. Diabetes Mellitus3. Stroke4. Hypertension5. Progressive Muscular Atrophy
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Key benefits
Earlier Monthly Benefit Basic ElderShield commences Monthly Benefit payouts upon your inability to perform 3 out of 6 ADLs. You can be assured of early care as ElderShield Comprehensive 2 ADLs accelerates Monthly Benefit payouts when you are unable to perform 2 out of 6 ADLs.
Higher Monthly Benefit With ElderShield Comprehensive, you can choose Monthly Benefit payouts of between S$300 to S$3,000 on top of your basic ElderShield.
Coverage up to a lifetime Ensure peace of mind with Monthly Benefit payouts that continue as long as you suffer from severe Disability4. You can choose the plan type to receive the Monthly Benefit for up to 10 years or up to a lifetime.
Lump sum Initial Benefit Upon your first claim, ElderShield Comprehensive provides a lump sum Initial Benefit on top of your Monthly Benefit payouts. The lump sum Initial Benefit is equivalent to three times the Monthly Benefit, payable after a 90-day deferment period.
Lump sum Death BenefitWhile receiving your Monthly Benefit payouts, in the event of Death, ElderShield Comprehensive provides a lump sum equivalent to three times the Monthly Benefit, and this can help with final expenses.
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How you can benefit from ElderShield Comprehensive 2 ADLs (Life)
We provide you with Monthly Benefit payouts from as early as when you cannot perform 2 ADLs.Illustrations shown below are based on S$2,000 Monthly Benefit from ElderShield Comprehensive 2 ADLs (Life).
Washing: The ability to wash in the bath or shower (including geting into and out of the bath or shower) or wash by other means.
Dressing: The ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, arti�cial limbs or other surgical or medical appliances.
Feeding: The ability to feed oneself food after it has been prepared and made available.
Transferring: The ability to move from a bed to an upright chair or wheelchair, and vice versa.
Toileting: The ability to use the lavatory or manage bowel and bladder function through the use of protective undergarments or surgical appliances if appropriate.
Mobility: The ability to move indoors from room to room on level surfaces.
What are Activities of Daily Living (ADLs)?
ElderShield Comprehensive
2 ADLs (Life)
Basic ElderShield
(Up to 6 Years)
+S$400per month
ElderShield Comprehensive
2 ADLs (Life)
Basic ElderShield
Monthly Benefit received
S$2,000per month
Monthly Benefitpayouts for life
Monthly Benefit received
S$2,000per month
Monthly Benefitpayouts for life
No payout
Severe Disability: Unable to perform 2 ADLs Severe Disability: Unable to perform 3 ADLs or more
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ElderShield Comprehensive is made affordable• Less or no cash top-up is required for your annual premiums when you use your Medisave funds of up to
S$600* per calendar year • Enjoy level premiums that do not increase with age, for greater certainty• A waiver of premiums when receiving Monthly Benefit payouts
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
10 Years
63.50
66.10
68.70
71.50
74.60
77.80
81.20
84.90
88.90
93.10
97.80
102.80
108.20
114.10
120.50
127.50
135.30
143.80
153.30
164.00
175.80
189.30
204.60
222.20
242.70
Life
69.90
72.70
75.60
78.70
82.00
85.50
89.30
93.40
97.70
102.50
107.50
113.00
119.00
125.50
132.50
140.30
148.80
158.20
168.70
180.40
193.40
208.20
225.00
244.40
266.90
10 Years
55.90
58.30
60.70
63.30
66.10
69.00
72.20
75.50
79.10
82.90
87.00
91.40
96.10
101.20
106.70
112.60
119.10
126.10
133.80
142.20
151.40
161.50
172.80
185.30
199.30
Life
61.50
64.20
66.80
69.70
72.80
75.90
79.50
83.10
87.10
91.20
95.70
100.60
105.80
111.40
117.40
123.90
131.10
138.80
147.20
156.50
166.60
177.70
190.10
203.90
219.30
Entry AgeComprehensive 2 ADLs Comprehensive 3 ADLs
MALEAnnual premium† per S$100 Monthly Benefit
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
10 Years
83.10
86.30
89.80
93.50
97.40
101.60
106.10
110.80
115.90
121.40
127.40
133.70
140.70
148.20
156.40
165.30
175.10
185.90
197.80
211.10
225.90
242.60
261.90
284.10
309.90
Life
91.40
95.00
98.80
102.90
107.20
111.70
116.70
121.90
127.50
133.60
140.10
147.10
154.70
163.00
172.00
181.80
192.60
204.40
217.60
232.20
248.50
266.90
288.10
312.50
340.90
10 Years
70.80
73.80
76.90
80.20
83.80
87.50
91.50
95.70
100.20
105.10
110.20
115.80
121.70
128.10
135.00
142.50
150.60
159.30
169.00
179.50
191.10
204.00
218.20
234.00
251.90
Life
77.90
81.20
84.60
88.30
92.20
96.30
100.70
105.30
110.30
115.70
121.30
127.40
133.90
141.00
148.50
156.80
165.70
175.30
185.90
197.50
210.30
224.40
240.10
257.40
277.10
Entry AgeComprehensive 2 ADLs Comprehensive 3 ADLs
FEMALEAnnual premium† per S$100 Monthly Benefit
The above is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract.
It is usually detrimental to replace an existing accident and health plan with a new one. A penalty may be imposed for early plan termination and the new plan may cost more, or have less benefits at the same cost.
This plan 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 us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
In case of discrepancy between the English and Chinese versions of this brochure, the English version shall prevail.
Information correct as at 26 July 2016.
Compre/Ver2.0/201606
The Great Eastern Life Assurance Company Limited (Reg No.1908 00011G)1 Pickering Street, #13-01 Great Eastern Centre, Singapore 048659
Start a conversation with your Great Eastern distribution representative today.
+65 6248 2211
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Footnotes:
All ages specified refer to age last birthday.1 Long-term care: How to choose. Retrieved July 13, 2016 from www.ecitizen.gov.sg2 Issues Paper 2012 – Our demographic challenges and what these mean to us. Retrieved July 13, 2016 from http://population.sg3 Great Eastern ElderShield claim experience from 2007 to 2014.4 For ElderShield Comprehensive 2 ADLs, severe Disability refers to the inability to perform a minimum of 2 out of 6 ADLs. For ElderShield Comprehensive 3 ADLs, severe Disability refers to the inability to perform a minimum of 3 out of 6 ADLs.* The S$600 limit includes ElderShield Supplements such as ElderShield ValuePlus and ElderShield Comprehensive, as well as other ElderShield Supplements
with other insurers.† Actual rates may differ due to rounding. Premium rates quoted are inclusive of 7% GST, not guaranteed and may be increased at policy renewal at the
discretion of the company.
