Enhance Your Coverage
CareShield Life Supplements
While CareShield Life provides basic coverage, the $600/month payout may not be sufficient for quality long-term care. CareShield Life Supplements (CSLS) allow you to top up your coverage with additional monthly payouts. Only 3 insurers are approved to offer CSLS:
| COMPARISON OF CARESHIELD LIFE SUPPLEMENTS | |||
|---|---|---|---|
| SINGLIFE Recommended |
GREAT EASTERN LIFE | INCOME | |
| Singlife CareShield Standard/ Singlife CareShield Plus |
Great CareShield Supreme | Care Secure | |
| Monthly Benefit | $200-$5,000, in increments of $100 (on top of CSHL payouts) Option for level or escalating at 2%/3% p.a. |
$300-$5,000, in increments of $100 (on top of CSHL payouts) |
$1,200-$5,000, in increments of $100 (including CSHL payouts in event of ≥3 ADLs) |
| Maximum Benefit Period | Lifetime | Lifetime | Lifetime |
| Initial Lump Sum Benefit | 3x first monthly benefit (≥3 ADLs) [≥2 ADLs for Plus] |
3x monthly benefit (≥1 ADL) |
3x monthly (≥2 ADLs) 6x monthly (≥3 ADLs) |
| Death Benefit During Claims | 3x last monthly benefit | ✗ | 3x monthly benefit |
| Dependant Benefit | 20% of monthly for up to 36 months (child ≤22 at claim) |
30% of monthly for up to 48 months (child <22 at claim) |
25% of monthly for up to 36 months (child <21) |
| Caregiver Relief Benefit | 60% of monthly for up to 12 months | 60% of monthly for up to 12 months | ✗ |
| Other Benefits | Rehabilitation benefit (Standard only) Guaranteed Issuance Option at key life events |
✗ | ✗ |
| Paid-up Benefits | Yes | Yes | Yes |
| Premium Waiver | ≥1 ADL | ≥1 ADL | ≥2 ADLs |
| Claims Eligibility (for monthly benefit) |
≥3 ADLs [≥2 ADLs for Plus] |
≥1 ADL (50% at 1 ADL, 100% at 2+) |
≥2 ADLs |
| Waiting Period | None ✓ | 90 days | 90 days |
| Deferment Period | 90 days | 90 days | 90 days |
| Est. Premium (Age 30, $600 benefit, Male) |
$266-$394/year (depending on plan) |
$287-$425/year (depending on plan) |
~$400-$500/year (for $1,200 benefit) |
| Medisave Payment | Max $600/year via Medisave Rest payable in cash |
Max $600/year via Medisave Rest payable in cash |
Max $600/year via Medisave Rest payable in cash |
| Premium Period | Up to age 97; or Up to age 67 (or 20 years) |
Up to age 67 or 95; or Up to 95 (or 20 years) |
Up to age 67; or Up to age 84 |
| Entry Age | 30 - 64 | 30 - 64 | 30 - 64 |
Source: MOH CareShield Life Supplements Comparison (Oct 2023)
💡 Our Recommendation
Singlife CareShield offers great value with no waiting period, flexible premium options, and unique benefits like rehabilitation and guaranteed issuance options at key life events.
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