OCBC Bank
Search results
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.
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.
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.
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.
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.
Nov 2, 2021 · Great Eastern’s GREAT CareShield plans supplement national basic long-term care insurance schemes, and can be adjusted to suit policyholders’ desired budgets and coverage.
GREAT CareShield. Boost your coverage for long-term disability care. 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. Up-to-lifetime monthly payouts. Who can apply. Anyone who is insured under CareShield Life or ElderShield. View pricing & apply.
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).
