This product is managed by Great Eastern.
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GE's GREAT CareShield is enhanced protection to help in the event of loss of income or long-term care costs due to disability. It is meant to provide additional coverage on top of your regular CareShield Life.
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Enhanced and Advantage ranges from the cheapest to the most comprehensive
Selectable Monthly Benefit
$300 to $5,000
300% of Monthly Benefit (≥ 1 ADL)
100% of Monthly Benefit (≥ 2 ADL) for life or
50% of Monthly Benefit (≥ 1 ADL) for life
Premiums are waived upon any inability to perform at least 1 ADL
Level premium based on age last birthday at entry
According to Great Eastern, "GREAT CareShield is a MediSave-approved supplementary plan to your CareShield Life scheme aimed to provide additional long-term care coverage in the event of a disability. Depending on the plan type, it can provide payouts and benefits starting from as early as the inability to perform 1 Activity of Daily Living (ADL)."
ADL refers to ‘Activities of Daily Living’ or basic self-care tasks which is a measure of how physically independent a person is. Activity of Daily Living encompasses washing, toileting, dressing, feeding, walking or moving around and transferring.
How much your premium costs depends on:
The premiums for GREAT CareShield are payable on an annual basis. Premiums for CareShield do not increase with age.
Depending on your entry age (at last birthday), the selectable premium terms are as follows:
The policy premium will be waived when the insured becomes unable to perform at least 1 ADL.
GREAT CareShield premiums can be paid by cash, your own MediSave funds or the MediSave funds of your family members, up to a limit of S$600 per calendar year per insured person.
Contact us at [email protected] should you require any assistance or spot any inaccuracies.