Health Plans


MyCare is a Medisave-approved ElderShield supplement with higher benefit payouts in the event of severe disability. MyCare is a health insurance offered at DBS.


ElderShield provides a basic level of protection against severe disability1 and is designed to be a starting point for your needs. With MyCare, a Medisave-approved ElderShield supplement, you can transform your ElderShield cover into lifetime benefits of higher benefit payouts, with premiums that do not increase with age.

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Product Details

  • Lifetime2 or 12 year benefit payouts: guaranteed monthly payouts for the rest of your life2, should your Severe Disability1 strike — payouts are in cash, so you can use it as you like without any restrictions!
  • Limited premium payment term3 for Lifetime2 or 12 year cover: continued protection, allowing you to make a claim should Severe Disability1 strike even after you stop paying premiums at 67 (age next birthday)3. Premiums are waived for the duration of your benefit payouts.
  • Recover and still receive 50% benefit payouts: if you are unable to perform 2 Activities of Daily Living, MyCare’s Rehabilitation Benefit4 feature allows you to continue receiving an amount equivalent to 50% of the Severe Disability Benefit5.
  • Extra cash for the ones you care about most: an additional S$200 per month for up to 36 months if you have any children aged 21 and below.
  • Pay with Medisave: use your Medisave funds of up to S$600 per calendar year per Life Assured6 or use the Medisave of your spouse, children, parents or grandchildren.
  • Premiums are level7 and based on age at entry: start young to enjoy lower premiums!

 ElderShield 400MyCare
Requirements For Benefit Payouts

Inability to perform at least 3 out of 6 ADL

Benefit Payout DurationUp to 6 years (72 months)Unlimited lifetime payout or up to 12 years (144 months)
Monthly Severe Disability BenefitS$400S$600 to S$5,000 (in increments of S$100) including basic ElderShield benefit
Lump Sum BenefitNilAdditional 3 times your first monthly benefit1
Rehabilitation Benefit2Nil50% of your monthly benefit2 up to the end of the Benefit Payout Duration
Dependent Care BenefitNilAdditional S$200 per month up to 36 months if you have a child aged 21 years and below at the point of claim
Death BenefitNilAdditional 3 times your last drawn monthly benefit1

Waiting Period90 days / Waived for accidental causes and auto coverageNot Applicable
Deferment Period90 days90 days
Premium Payment TermTill age 66 next birthday(i) Lifetime or (ii) Till 66 age next birthday, or for 20 years from entry age, whichever is later.

1Severe Disability shall mean the inability to perform at least 3 of the 6 Activities of Daily Living, which refers to Transferring, Mobility, Toileting, Washing, Dressing, and Feeding. Please refer to the Product Summary for details.

2Applicable only if you opt for a Lifetime Benefit Payout duration. Alternatively, you may choose to take up MyCare with a 12-year (144 months) Benefit Payout duration.

3If you opt for the limited premium payment term. Alternatively, you may choose to take up MyCare with lifetime premiums.

4Rehabilitation Benefit will be payable following a Severe Disability claim for the same benefit payout duration as the Severe Disability Benefit.

5Monthly Benefit refers to the applicable Severe Disability Benefit under MyCare

6If you have more than one policy, the Medisave limit of S$600 is applicable on the aggregate premiums of all ElderShield Supplement policies.

7The premium rates are not guaranteed and these rates may be adjusted by giving you 30 days advance notice, based on future experience.

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