Tag Archives: eldershield

Using Insurance to Supplement Retirement Funding Needs

I came across an article titled “Growing Your Wealth With Insurance” in the Business Times on 3 March 2016. This article is another timely reminder for us all to ensure that we have given due attention to retirement planning. The topic of retirement planning never goes ‘out of fashion’. Why? Because, at the end of the… Read More »

The Definition of Disability can Make A World of Difference

9 out of 10 people I speak to have not heard about Disability Income Insurance (DII). They assume that Total and Permanent Disability (TPD), which almost all of them have in their life coverage, is the blanket disability definition across all life insurance products. But they are wrong. Many folks have different enhancements (i.e.riders) to TPD like… Read More »

The Need to Secure your Long Term Care

We all have the option to use our Medisave money optimally – that is to secure ourselves with the best integrated Medisave-approved hospital and surgical plan (Shield) plan and ElderShield supplement. When we are covered with higher benefits, the impact on our cash flow is largely reduced than when we are not. ElderShield is a… Read More »

What is ElderShield and ElderShield Supplement?

I’ve been asked a lot what the national ElderShield scheme is about.  The fact that the government made it an ‘opt-out’ (i.e. automatically enrolled) scheme means that it is important enough for Singaporeans and Singapore PRs to be covered under ElderShield. Overview ElderShield is a severe disability assistance scheme to help individuals cope with the… Read More »