Aviva MyLongTermCare Review

Benefits of Aviva MyLongTermCare

Aviva MyLongTermCare is a CareShield Life complementary plan that provides lifetime monthly disability benefits upon making a successful claim.

Aviva MyLongTermCare starts payout upon disability to carry out 3 of 6 Activities of Daily Living (ADLs).

Aviva MyLongTermCare product details

  • Non-participating policy – Disability Income Insurance
  • Coverage
    • Receive monthly payouts from S$200 to S$5,000 upon disability to carry out 3 of 6 ADLs
  • Lump Sum Benefit
    • Receive a lump-sum amount of 3x the monthly disability benefit upon disability to carry out 3 of 6 ADLs
  • Dependant Care Benefit
    • Receive an additional 20% of your monthly disability benefit for up to 36 months if you have a child under 22 years old when making a claim
  • Rehabilitation Benefit
    • Receive 50% of the last monthly benefit when your condition improves but still unable to carry out 2 of 6 ADLs
  • Caregiver Relief Benefit
    • Receive an additional 60% of your monthly disability benefit for up to 12 months along with the monthly disability benefit
  • Death Benefit
    • Receive 3x the monthly disability benefit if death were to happen while receiving the monthly disability benefit
  • Premium Waivers
    • Future premiums are waived upon disability to carry out 1 of 6 Activities of Daily Living
  • MediSave Fundable
    • Premiums can be paid with your MediSave up to $600 per month

The better coverage version is Aviva MyLongTermCare Plus

Read also: An Introduction To Disability Income Insurance Policies

Features of Aviva MyLongTermCare at a glance

Cash and Cash Withdrawal Benefits

Cash value: No
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: No (Yes if death occur whilst receiving disability benefit)
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier

Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders

NA

Additional Features and Benefits

Yes.

For further information and details, refer to Aviva website. Alternatively, fill-up the form below and let us advise accordingly.

Read Also: No budget for financial planning?

Read alsoGuide on Retirement Planning in Singapore

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Is Aviva MyLongTermCare suitable for me?

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DeathTotal and Permanent DisabilityCritical Illness (Early stage)Critical Illness (Advance and Late stage)Income in the event of Disability

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Before you go...
Aviva MyLongTermCare may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
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