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CareShield Life is a national long-term care insurance scheme designed to provide basic protection against long-term care costs. Singaporeans born in 1980 or later will be automatically covered under CareShield Life from 1 October 2020, or when they turn 30, whichever is later.
Participation in CareShield Life is optional for Singaporeans born in 1979 or earlier. More information can be found on CareShield Life’s website.
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1Monthly payouts are subject to Deferment Period and payable for as long as the Life Assured suffers from the
applicable
number of disabilities, up to a lifetime.
2Great Eastern's GREAT CareShield claims data (10 Oct 2021 – 19 Jan 2023).
3The Initial Benefit is a lump sum payment equivalent to 3 times of the Monthly Benefit. In the event the
Life Assured
fully recovers from the disability, the Initial Benefit may be paid again for subsequent episodes of inability to
perform at least 1 ADL. However, it is not payable if such subsequent disabilities arise from or are related to the
cause of disability(ies) for which there was a previous claim for Initial Benefit.
4Subject to Deferment Period, and for as long as the Life Assured continues to suffer from the
disability.
5Source: Great Eastern’s research.
6The 6 Activities of Daily Living are washing, dressing, feeding, toileting, walking or moving around and
transferring.
7Premium rates are not guaranteed and they may be adjusted from time to time based on future
experience.
You may use up to 600 SGD per calendar year per insured person from your MediSave account to pay for your annual premium.
You may use up to 600 SGD per calendar year per insured person from your MediSave account to pay for your annual premium.
Cover yourself against long-term disability while you are young for as low as S$107.28 per year*.
*Based on 30 year old male with monthly benefit of S$300 and premium term up to 95 years, excluding GST.
Cover yourself against long-term disability while you are young for as low as S$107.28 per year*.
*Based on 30 year old male with monthly benefit of S$300 and premium term up to 95 years, excluding GST.
You will receive a one-time payout of up to S$15,000 as well as monthly payouts of up to S$2,500 when you are certified to be unable to perform any ADL.
You will receive a one-time payout of up to S$15,000 as well as monthly payouts of up to S$2,500 when you are certified to be unable to perform any ADL.
Receive up to S$5,000 in monthly payouts when you are unable to perform two or more ADLs. Monthly payouts last till the end of your life or when you recover from your disability, whichever occurs first.
Receive up to S$5,000 in monthly payouts when you are unable to perform two or more ADLs. Monthly payouts last till the end of your life or when you recover from your disability, whichever occurs first.
Get up to 90% more in monthly benefits when you are certified to be unable to perform 2 or more ADLs.
Get up to 90% more in monthly benefits when you are certified to be unable to perform 2 or more ADLs.
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.
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.
You may use up to 600 SGD per calendar year per insured person from your MediSave account to pay for your annual premium.
Cover yourself against long-term disability while you are young for as low as S$107.28 per year*.
*Based on 30 year old male with monthly benefit of S$300 and premium term up to 95 years, excluding GST.
You will receive a one-time payout of up to S$15,000 as well as monthly payouts of up to S$2,500 when you are certified to be unable to perform any ADL.
Receive up to S$5,000 in monthly payouts when you are unable to perform two or more ADLs. Monthly payouts last till the end of your life or when you recover from your disability, whichever occurs first.
Get up to 90% more in monthly benefits when you are certified to be unable to perform 2 or more ADLs.
Your annual premiums will be waived as long as you are unable to perform 1 ADL.
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.
Source: CareShield Life.
Washing
Ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash by other means.
Dressing
Ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other
surgical or medical appliances.
Feeding
Ability to feed oneself food after it has been prepared and made available.
Toileting
Ability to use the lavatory or manage bowel and bladder function through the use of protective undergarments or surgical
appliances if appropriate.
Walking or moving around
Ability to move indoors from room to room on level surfaces.
Transferring
Ability to move from a bed to an upright chair or wheelchair, and vice versa.
See what Mike will get when he is unable to perform
The above scenario assumes Mike does not recover or become unable to perform 1 ADL. 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.
See what Mike will get when he is unable to perform
The above scenario assumes Mike does not recover or become unable to perform 1 ADL. 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.
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.
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.
In the event of a claim, please get your family members to follow these steps.
Great Eastern will not pay the benefit for claims that are directly or indirectly caused by, or resulting from:
• 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).
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 received 7 days after the date of posting.
Alternatively, you can get us to contact you.
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Via Great Eastern
By clicking on "Apply now", you will be leaving the OCBC Bank website to access Great Eastern's website.
By clicking on "Proceed", you acknowledge the following:
GREAT CareShield is underwritten by The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. This plan is not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it.
GREAT CareShield can be purchased by CareShield Life or ElderShield policyholders. All Supplements are regulated under the CareShield Life and Long-Term Care Act 2019.
This document does not take into account your particular investment and protection aims, financial situation or needs. This is only product information provided by us. You may want to seek advice from a financial adviser before committing to buy the product. If you choose not to seek advice from a financial adviser, you should consider whether the product is suitable for you. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.
You may terminate the policy during the free-look period (if any) if you decide that the purchased policy is not suitable for you. Note that by doing so, the insurer may recover from you any underwriting expense incurred.
This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product.
We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.
Information presented as at 1 January 2025.
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 us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
The ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash by other means.
The ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash by other means.
The ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical or medical appliances.
The ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical or medical appliances.
The ability to feed oneself food after it has been prepared and made available.
The ability to feed oneself food after it has been prepared and made available.
The ability to use the lavatory or manage bowel and bladder function through the use of protective undergarments or surgical appliances if appropriate.
The ability to use the lavatory or manage bowel and bladder function through the use of protective undergarments or surgical appliances if appropriate.
The ability to move indoors from room to room on level surfaces.
The ability to move indoors from room to room on level surfaces.
The ability to move from a bed to an upright chair or wheelchair, and vice versa.
The ability to move from a bed to an upright chair or wheelchair, and vice versa.
The inability to perform any Activities of Daily Living will need to be assessed by Great Eastern.
Cost range is before subsidies. Assumes daily attendance excluding weekends and does not include transport fee.
Source: Agency for Integrated Care. (2020). Introduction to Day Care. Retrieved from www.aic.sg
Cost range is before subsidies. Excludes one-time setup cost and insurance fees.
Source: Active Global Specialised Caregivers. (2020). Our Fees. Retrieved from www.activeglobalcaregiver.sg
Cost range is before subsidies.
Source: MoneySmart. (2019, July 23). Nursing Homes in Singapore – How Much Does It Cost? Retrieved from https://blog.moneysmart.sg/family/nursing-homes-singapore/
Payouts start from 600 SGD per month in 2020 and increase over time. Learn more about CareShield Life benefits.
Set your coverage from 300 SGD - 5,000 SGD (in multiples of 100 SGD).
Set your coverage from 300 SGD - 5,000 SGD (in multiples of 100 SGD).
3x of this amount will be your lump sum payout if you are unable to perform 1 or more Activities of Daily Living.
Upon full recovery, the lump sum payout benefit will provide the same coverage for subsequent disabilities due to different causes.
Set your coverage from 300 SGD - 5,000 SGD (in multiples of 100 SGD).
This will be your monthly payout, for up to a lifetime, if you are unable to perform 2 or more Activities of Daily Living.
Set your coverage from 300 SGD - 5,000 SGD (in multiples of 100 SGD).
50% of this amount will be your monthly payout, for up to a lifetime, if you are unable to perform 2 Activities of Daily Living.
Set your coverage from 300 SGD - 5,000 SGD (in multiples of 100 SGD).
This will be your monthly payout, for up to a lifetime, if you are unable to perform 3 or more Activities of Daily Living.
Mike can use this payout to cover his long-term care needs.
Minimise cash top-up amount
This is the highest monthly payout Mike can receive if he chooses to pay for his premiums using MediSave only (up to 600 SGD), without any cash outlay.
Top-up cash for higher coverage
Mike chooses a monthly payout of 2,300 SGD to cover the approximate monthly cost of a nursing home service. He can use MediSave to pay for the first 600 SGD of his premiums and use cash to pay the remaining.
Source: MoneySmart (2019). Nursing Homes in Singapore – How Much Does It Cost?
There are no limits to the number of times you can claim the one-time payout (it is “reclaimable”).
However, subsequent disabilities cannot have the same causes as or be related to prior disabilities. If this condition is not fulfilled, you may not claim your one-time payout again.
Here is how it works:
When your claim is successful
If you are unable to perform 1 ADL
If you are unable to perform 2 or more ADLs
| Benefits |
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Premiums are waived One-time payout of 3x the monthly payout |
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50% of monthly payout every month for up to end of your life |
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100% of monthly payout every month for up to end of your life For caregiving expenses: If you have children under age 22 at time of claim: |
Benefits
Premiums are waived
One-time payout of 3x the monthly payout
50% of monthly payout every month for up to end of your life
100% of monthly payout every month for up to end of your life
For caregiving expenses:
60% of monthly payout every month for up to 12 months (whether consecutive or not)
If you have children under age 22 at time of claim:
30% of monthly payout every month for up to 48 months (whether consecutive or not)
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.
After the deferment period, you will receive your one-time payout and the up-to-lifetime monthly payouts will begin.
If you fulfil the necessary criteria, you will also receive monthly payouts for caregiving expenses and having children under age 22 at time of claim for the period specified or until you recover from your disability, whichever occurs first.
When you are unable to perform any ADL, you will receive monthly payouts until end of your life or you recover from your disability, whichever occurs first.
Open the all new OCBC app > Login > Click on ‘More’ > Under ‘Apply’, click on ‘Insurance’ > Click on ‘GREAT CareShield'.
If you are still on the previous version of the app, then click on ‘Insure and stay protected’ after logging in.
(a) Any illness, disease, disability, defect or impairments (“Condition”) from which the Life Assured was suffering prior to the Cut-Off Date; or
(b) Any Condition of which signs or symptoms had existed in the 12 months immediately preceding the Cut-Off Date, for which:
i. the Life Assured has sought or received medical advice or treatment, prescription of drugs, counselling, investigation or diagnostic tests, surgery, hospitalisation; or
ii. an ordinarily prudent person would have sought medical advice or treatment, prescription of drugs, counselling, investigation or diagnostic tests, surgery, hospitalisation,
unless such Condition was declared to the Company and no exclusion of the same was imposed by the Company, regardless of whether any claim had previously been made in respect of such Condition.
In this definition, “Cut-Off Date” refers to (1) the Commencement Date, (2) date of reinstatement of the Policy or, (3) date of change of benefits under this Policy, whichever is applicable.
