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Enhanced Eldershield - Should one go for it?

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Old 22-12-2010, 06:52 PM   #16
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the example is inline with what I understand from aviva
i.e. eventually aviva will pay that total amount (up to $3k?) from mycare
regret din buy more
i think no need to get $3k one. $1K shld be enough as getting a maid costs abt $1K. That said, i wonder what's the diff in premium btw $1K and $3K one?
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Old 22-12-2010, 06:53 PM   #17
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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.
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Old 22-12-2010, 10:54 PM   #18
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i think no need to get $3k one. $1K shld be enough as getting a maid costs abt $1K. That said, i wonder what's the diff in premium btw $1K and $3K one?
I don't think Aviva has their premiums online, but according to NTUC Income's premiums, assuming male and entry age 40 it is $514.70 for $1k and $1707.80 for $3k (female: $659.20 for $1k and $2204.20 for $3k). Quite substantial difference, especially since the premium payable through Medisave is capped at $600 a year, so the rest has to be paid in cash.
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Old 22-12-2010, 10:54 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.
What part do you not understand?
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Old 22-12-2010, 11:14 PM   #20
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I don't think Aviva has their premiums online, but according to NTUC Income's premiums, assuming male and entry age 40 it is $514.70 for $1k and $1707.80 for $3k (female: $659.20 for $1k and $2204.20 for $3k). Quite substantial difference, especially since the premium payable through Medisave is capped at $600 a year, so the rest has to be paid in cash.
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.

u r right to say there is a cap of $600 through Medisave. I read abt this previously but am baffled an Aviva agent I spoke to today insisted there is no cap when I told her so. Not quite acceptable I think - considering it's an Aviva product!
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Old 22-12-2010, 11:23 PM   #21
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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   #22
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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   #23
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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   #24
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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   #25
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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   #26
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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   #27
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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   #28
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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   #29
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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   #30
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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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