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GREAT CareShield | MediSave-Approved CareShield Life Supplement. All it takes is one. Get up to a lifetime of disability payouts. 20% off premiums throughout your coverage. Recovering from disability takes time, and it comes with long-term medical and caregiving expenses.
Currently, GREAT CareShield is a MediSave-approved supplementary plan available in the market that provides up to lifetime payouts starting from the mild disability stage. In addition, there is also no limit to the number of claims on the Initial Benefit.
To supplement your CareShield Life plan, GREAT CareShield offers you enhanced protection with payouts to help in the event of loss of income or to cover your long-term care costs due to a disability, at affordable premiums.
What's new. Rewards & Promotions. GREAT CareShield Consumer Promotion. Protect your disability coverage with payouts, up to a lifetime. Disability – due to accidents or medical conditions – is real and can happen to anyone regardless of age and lifestyle.
Dec 11, 2020 · Great Eastern’s GREAT CareShield plan provides monthly payouts of $300 to $5,000 on top of your CareShield Life payouts when you are unable to perform at least 2 ADLs (as opposed to the 3 required by CareShield Life).
GREAT CareShield can be purchased by CareShield Life (CSHL) or ElderShield (ESH) policyholders. If purchased by ESH policyholders before the transfer of ESH to Government administration, GREAT CareShield will be considered as an ESH Supplement regulated under the CPF (Withdrawals for ElderShield Scheme) Regulations.
GREAT CareShield is provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659. The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
GREAT CareShield, a supplementary plan to CareShield Life and ElderShield, offers you enhanced protection with additional payouts to help in the event of loss of income or to cover long term care costs due to a disability. The additional payouts may be used to better support quality caregiving services to help in your recovery journey.
GREAT CareShield can be purchased by CareShield Life or ElderShield policyholders. All Supplements are regulated under the CareShield Life and Long-Term Care Act. You can pay the premium for GREAT CareShield using your own CPF MediSave account. The maximum MediSave deduction is 600 SGD for each life assured in each calendar year only.
As we look at the 3 options, there are advantages and disadvantages; we see that Income Care Secure is more wallet-friendly, while Great Eastern’s CareShield Advantage and Singlife’s Careshield Plus may cost a little bit more, it provides a more comprehensive coverage and flexibility.
