Health Insurance

MyCare - Maximize Disability Coverage

Our golden years should be relaxing and stress free. However, the financial cost of severe disability can be very high.

Enjoying your golden years

Our golden years should be relaxing and stress free. However, the financial cost of severe disability can be very high. For this reason, the Ministry of Health designed Eldershield to provide monthly cash payouts for those with severe disabilities requiring long-term care.

Our insurance partner, AVIVA, is one of the private insurers that run the Eldershield programme. Singapore Citizens and Permanent Residents (PRs) with Medisave accounts are automatically covered under ElderShield at the age of 40.

How does MyCare improve your Eldershield coverage?

Unlike the short-term coverage offered by ElderShield, MyCare has an unlimited payout period for severe disability¹. At the same time, MyCare will provide you with a higher monthly payout than ElderShield, which can be used to cover additional expenses during your disability.

Key benefits and features

Pays a one-time lump sum benefit equal to three times the first monthly payout to help you with the initial expenses at the onset of disability.
Pays dependent care benefit of S$200 per month up to 36 months if you have a child aged 21 years old and below at claim.
Pays death benefit that is three times your last payout if death occurs during the severe disability.
Guaranteed renewal allows you to continue coverage as needed.
Available to all family members covered by Eldershield.

MyCare enhances Eldershield coverage:

	MyCare	ElderShield 400
Requirements For Benefit Payouts	Inability to perform at least 3 out of 6 ADL¹	Inability to perform at least 3 out of 6 ADL
Benefit Payout Duration	Unlimited lifetime payout or up to 12 years (144 months)	Up to 6 years (72 months)
Monthly Severe Disability Benefit	S$600 to S$3,500 (in increments of S$100) including basic ElderShield benefit	S$400
Lump Sum Benefit	Additional 3 times your first monthly benefit	Nil
Rehabilitation Benefit	50% of your monthly benefit up to the end of the Benefit Payout Duration	Nil
Dependent Care Benefit	Additional S$200 per month up to 36 months if you have a child aged 21 years and below at the point of claim	Nil
Death Benefit	Additional 3 times your last drawn monthly benefit²	Nil
Waiting Period	90 days / Waived for accidental causes and auto coverage	Not Applicable
Deferment Period	90 days	90 days
Premium Payment Term	Till age 66 next birthday	(i) Lifetime or (ii) Till 66 age next birthday, or for 20 years from entry age, whichever is later.
Deferment Period	90 days	90 days
Premium Payment Term	Till age 66 next birthday	(i) Lifetime or (ii) Till 66 age next birthday, or for 20 years from entry age, whichever is later.

Severe Disability¹ means the inability to perform at least 3 out of the 6 Activities of Daily Living (ADL):

Washing - The ability to wash in the bath or shower (including getting 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, artificial limbs or other surgical or medical appliances.
Feeding - The ability to feed oneself after it has been prepared and made available.
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.
Transferring - The ability to move from a bed to an upright chair or wheelchair, and vice versa.

Note
You need to have a basic ElderShield policy with any of the ElderShield insurers appointed by MOH before purchasing MyCare.
¹ Severe disability means the inability to perform 3 out of the 6 Activities of Daily Living that includes washing, feeding, toileting, mobility and transferring. Please refer to the Product Summary for more details.
² Monthly Benefit refers to the applicable Severe Disability Benefit under MyCare

Important Notes

The policy is underwritten by Aviva Limited, and distributed by DBS Bank Ltd (“DBS”). It is not an obligation of, deposit in or guaranteed by DBS. This publication is for general circulation only. It does not form part of any offer or recommendation, or have any regard to the investment objectives, financial situation or needs of any specific person. Buying an insurance policy is a long-term commitment. An early termination usually involves high costs and the surrender values may be less than the total premiums paid. Before committing to purchase an insurance product, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and read the relevant product offer documents, including the product summary and risk disclosures, which can be obtained from DBS. If you do not wish to seek financial advice, please consider carefully 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.

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 DBS or visit the Life Insurance Association (“LIA”), General Insurance Association (“GIA”) or SDIC websites (www.lia.org.sg or www.gia.org.sg or www.sdic.org.sg)

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