GREAT CareShield

Ensure you can afford long-term care in the event of disability

Why you will love this

Use up to 600 SGD from your MediSave to pay for this policy

Stacks onto your long-term care government insurance scheme

Apply online in 10 minutes

Who can apply

Anyone who is insured under CareShield Life or ElderShield

 

Get a 20% discount for the full duration of the plan Find out more

GREAT CareShield is the only Medisave-approved plan that gives you up-to-lifetime payouts if you are unable to perform any Activity of Daily Living (ADL).

Features and Benefits

Payouts start upon inability to perform any ADL

You will receive a one-time payout as well as monthly payouts when you are certified to be unable to perform any ADL.

You will receive a one-time payout as well as monthly payouts when you are certified to be unable to perform any ADL.

Receive monthly payouts for up to your lifetime

Monthly payouts last till the end of your life or when you recover from your disability, whichever occurs first.

Monthly payouts last till the end of your life or when you recover from your disability, whichever occurs first.

Pay with MediSave

You may use up to 600 SGD from your MediSave account to pay for your annual premium.

You may use up to 600 SGD from your MediSave account to pay for your annual premium.

No need to pay upon inability to perform any ADL

Your annual premiums will be waived as long as you are unable to perform 1 ADL.

Your annual premiums will be waived as long as you are unable to perform 1 ADL.

Additional monthly benefits to support caregiving expenses and children

Get additional monthly benefits when you are certified to be unable to perform 2 or more ADLs.

Get additional monthly benefits when you are certified to be unable to perform 2 or more ADLs.

Lock in your premium

Buy this plan now and your annual premium will not increase with age.

Buy this plan now and your annual premium will not increase with age.

You can only claim the benefits if you are still unable to perform the ADLs after a 90-day deferment period starting from, and inclusive of, the date of your disability assessment. Premiums are not fixed and may be adjusted by Great Eastern.

Payouts start upon inability to perform any ADL

You will receive a one-time payout as well as monthly payouts when you are certified to be unable to perform any ADL.

Receive monthly payouts for up to your lifetime

Monthly payouts last till the end of your life or when you recover from your disability, whichever occurs first.

Pay with MediSave

You may use up to 600 SGD from your MediSave account to pay for your annual premium.

No need to pay upon inability to perform any ADL

Your annual premiums will be waived as long as you are unable to perform 1 ADL.

Additional monthly benefits to support caregiving expenses and children

Get additional monthly benefits when you are certified to be unable to perform 2 or more ADLs.

Lock in your premium

Buy this plan now and your annual premium will not increase with age.

You can only claim the benefits if you are still unable to perform the ADLs after a 90-day deferment period starting from, and inclusive of, the date of your disability assessment. Premiums are not fixed and may be adjusted by Great Eastern.

1 in 2 healthy Singaporeans aged 65 could become severely disabled in their lifetime, and may need long-term care.

Source: Ministry of Health Singapore (2021). Why do you need to plan for your future long-term care needs?

Age

30 years old

Monthly payout

1,500 SGD

Premium term

Pay until age 95

Yearly premium with 20% discount

573 SGD
717 SGD

See what Mike will get when he is unable to perform

See what Mike will get when he is unable to perform

The above scenario assumes Mike does not recover or become unable to perform 2 or more ADLs. Premiums (inclusive of GST) are based on male rate and are rounded down to the nearest dollar. All ages specified refer to age last birthday.

The above scenario assumes Mike remains unable to perform 2 or more ADLs. Premiums (inclusive off GST) are based on male rate and are rounded down to the nearest dollar. All ages speecified refer to age last birthday.

Age

30 years old

Monthly payout

2,300 SGD

Premium term

Pay until age 95

Yearly premium with 20% discount

880 SGD
1,100 SGD

See what Mike will get when he is unable to perform

See what Mike will get when he is unable to perform

The above scenario assumes Mike does not recover or become unable to perform 2 or more ADLs. Premiums (inclusive of GST) are based on male rate and are rounded down to the nearest dollar. All ages specified refer to age last birthday.

The above scenario assumes Mike remains unable to perform 2 or more ADLs. Premiums (inclusive of GST) are based on male rate and are rounded down to the nearest dollar. All ages specified refer to age last birthday.

Promotion

Get a 20% discount for the full duration of the plan

Get a 20% discount for the full duration of the plan

Promotion is valid till 31 December 2021.

Terms and conditions apply.

Promotion is valid till 31 December 2021.

Terms and conditions apply.

Before you apply
What is CareShield Life? How is that different from this policy?

CareShield Life

CareShield Life is a long-term care government insurance scheme that provides basic financial support in the event of a severe disability (i.e. unable to perform 3 or more Activities of Daily Living).

Check your coverage and premium

GREAT CareShield

GREAT CareShield is a supplementary plan provided by Great Eastern if you want to have more comprehensive coverage in addition to your CareShield Life scheme.

Can I start receiving benefits once assessed to be unable to perform ADLs?

No, you will only start receiving the benefits if you are still unable to perform the ADLs after a 90-day deferment period starting from, and inclusive of, the date of your disability assessment.

Your disabilities do not have to be certified at the same time for you to claim the benefits of this plan.

If I need to make a claim, what should my family member(s) or I do?

In the event of a claim, please get your family members to follow these steps.

In what case will my claim be rejected?

Great Eastern will not pay the benefit for claims that are directly or indirectly caused by, or resulting from:

- A pre-existing condition
- Self-injury
- Suicide or attempted suicide, or acts that endanger your life
- Alcoholism
- Drug addiction
- War
- Disability that happens within a 90-day period starting from and inclusive of the commencement date of your policy (other than a disability due to an accident occurring after the commencement date).

Can I cancel the policy? Are there any fees?

Yes, you may cancel the policy by submitting a written notice of cancellation to us.

If the date falls within 60 days from the date you receive your policy documents, you will get back the premiums you have paid, after deducting any medical fees and other expenses. If the date falls after the 60 days, you will lose all of your premiums paid.

If your policy document is sent by post locally, we will assume it has been delivered and receive 7 days after the date of posting.

More questions and answers

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