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Old 22-12-2010, 11:23 PM   #16
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What part do you not understand?
For eg for the Aviva one, there's 2 premiums indicated for each gender, which's wrong. There is a 12-yr option (but I don't understand why it's up to 66 yrs, shldn't be it 40 + 12 = 62 yrs, unless it takes into consideration someone signing up only at 44 yrs?) It only indicates for mthly payout of $600 only. Perhaps for other amts, I will need to separately get a quote from Aviva.

For the Great Eastern n NTUC one, very confusing as one will need to calculate as it's by for every $100 or every $500. Seems there's no 12-yr option with these 2 companies.

tks.
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Old 22-12-2010, 11:25 PM   #17
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better change another aviva agent cos she doesnt know the very basic
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Old 22-12-2010, 11:28 PM   #18
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better change another aviva agent cos she doesnt know the very basic
oh, this one's only a stand-in one for now to help answer my queries as my Aviva agent whom I bought my shield plan from has gone on leave.

She's not the only one who made mistakes. There's another AXA one whom I spoke to ask abt Aviva Eldershield. She gave me wrong info also.

if I'm not wrong, seems there's no Aviva agents on this forum.
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Old 22-12-2010, 11:32 PM   #19
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I went to MOH website yest and I don't understand the differences in the comparison list of Enhanced Eldershield offered by Aviva, NTUC and GE.

Will someone be able to help?

tks.
indeed confusing
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Old 23-12-2010, 12:13 AM   #20
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tks.

The premiums for NTUC for both $1K and $3K is not detailed in the comparison sheet. Did u get it from the NTUC website> And yes, quite substantial difference indeed.
I got it from the "PrimeShield Product Summary" here.
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Old 23-12-2010, 12:21 AM   #21
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I got it from the "PrimeShield Product Summary" here.
tks. But couldn't locate the premiums for $1K payout.
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Old 23-12-2010, 12:30 AM   #22
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For eg for the Aviva one, there's 2 premiums indicated for each gender, which's wrong. There is a 12-yr option (but I don't understand why it's up to 66 yrs, shldn't be it 40 + 12 = 62 yrs, unless it takes into consideration someone signing up only at 44 yrs?) It only indicates for mthly payout of $600 only. Perhaps for other amts, I will need to separately get a quote from Aviva.

For the Great Eastern n NTUC one, very confusing as one will need to calculate as it's by for every $100 or every $500. Seems there's no 12-yr option with these 2 companies.

tks.
From what I can tell from the MOH comparison, that 12-year period for Aviva refers to the benefit period, not the premium period.

For example, as a male who enters into the policy at age 40, I pay $229 per year from age 40 up to maybe age 65. I can claim anytime in my life (because coverage is lifetime), and when I do I get $600 monthly benefit for 12 years.

On the other hand, if I choose the option to pay $276 a year from age 40 to maybe 65, I will get the $600 monthly benefit for life if I successfully claim. This rate of $276 is similar to NTUC's $277.20 (male, entry age 40, premiums payable until 65, lifetime benefit upon claim).

The basic ElderShield is now $400 monthly benefit for 6 years. With these supplements you can extend either the benefit amount or the benefit period or both.
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Old 23-12-2010, 12:33 AM   #23
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tks. But couldn't locate the premiums for $1K payout.
I am looking at page 4 of that product summary, the table titled "PrimeShield Annual Premium Rates (If you are on Basic ElderShield 400)". From there you can choose what age to enter and what monthly benefit you want, and that determines the premium you pay. $659.20 for a female entering age 40 and $1k monthly payout, for example.
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Old 23-12-2010, 12:53 AM   #24
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I am looking at page 4 of that product summary, the table titled "PrimeShield Annual Premium Rates (If you are on Basic ElderShield 400)". From there you can choose what age to enter and what monthly benefit you want, and that determines the premium you pay. $659.20 for a female entering age 40 and $1k monthly payout, for example.
seems file is damaged though I could open other files.

wow, $659.20 for female ....
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Old 23-12-2010, 12:58 AM   #25
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From what I can tell from the MOH comparison, that 12-year period for Aviva refers to the benefit period, not the premium period.

For example, as a male who enters into the policy at age 40, I pay $229 per year from age 40 up to maybe age 65. I can claim anytime in my life (because coverage is lifetime), and when I do I get $600 monthly benefit for 12 years.

On the other hand, if I choose the option to pay $276 a year from age 40 to maybe 65, I will get the $600 monthly benefit for life if I successfully claim. This rate of $276 is similar to NTUC's $277.20 (male, entry age 40, premiums payable until 65, lifetime benefit upon claim).

The basic ElderShield is now $400 monthly benefit for 6 years. With these supplements you can extend either the benefit amount or the benefit period or both.
tks. there's also a $153 and $176. so wat's the diff?
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Old 23-12-2010, 07:52 AM   #26
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tks. there's also a $153 and $176. so wat's the diff?
"Lifetime premium period, 12 years benefit period: $153(M); $186(F)"
"Lifetime premium period, lifetime benefit period: $176(M); $221(F)"

Probably as it says, premiums are payable every year for life rather than for 20+ years.
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Old 23-12-2010, 09:14 AM   #27
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"Lifetime premium period, 12 years benefit period: $153(M); $186(F)"
"Lifetime premium period, lifetime benefit period: $176(M); $221(F)"

Probably as it says, premiums are payable every year for life rather than for 20+ years.
thought is 12yrs term premium is lower then for life
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Old 25-12-2010, 07:57 AM   #28
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I signed my both parents in their late 50s up for Eldershield + enhancement from Great Eastern. Payment all using medisave so no stress to cash flow.

"ElderShield is an affordable severe disability insurance scheme which provides basic financial protection to those who need long-term care, especially during old age. It provides a monthly cash payout to help pay the out-of-pocket expenses for the care of a severely-disabled person."

So in event my parents do need long term care and fulfill the criteria for payout i will have less to worry about.



Hi,

I believe only NTUC Income and Aviva offers Eldershield.

My other half just turned 40 yrs and has received a letter from NTUC Income asking him to sign up for Enhanced Eldershield as he is currently a NTUC Enhanced Medishield member.

Should my other half sign up for enhanced Eldershield? Am thinking it might make sense as we are single income with no children. I believe he has to pay $500+ annually to subscribe for it.

If it is yes, any difference between NTUC Income and Aviva's enhanced Eldershield?

tks.
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Old 25-12-2010, 02:02 PM   #29
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likely most who are serious and aware of the importance of health insurance already bought those plans with cpf $$

daily cash is a rider right? can pay with CPF?

only ntuc offers daily cash rider .. if can pay using cpf, can insured with enhanced shield from other company purchase?

any other protection/health plan that can use cpf $$?

Last edited by audiovideo; 25-12-2010 at 02:04 PM..
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Old 25-12-2010, 03:16 PM   #30
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likely most who are serious and aware of the importance of health insurance already bought those plans with cpf $$

daily cash is a rider right? can pay with CPF?

only ntuc offers daily cash rider .. if can pay using cpf, can insured with enhanced shield from other company purchase?

any other protection/health plan that can use cpf $$?
Rider is all paid using cash.

Ntuc is not the only one offering cash rider. Not sure whether it is standalone.

The disadvantage of ntuc rider is they dun cover both co-insurance and deductible. Other companies like GE and AIA offer.
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