NTUC Income ElderShield Review

The complete Pros and Cons on NTUC Income ElderShield

NTUC Income ElderShield product details

  • Non-participating policy – Disability Income Insurance
  • A government health insurance plan that provides monthly cash payouts for individuals who need long-term care due to severe disabilities
  • Pays you a monthly disability benefit of up to $400 per month, for up to 72 months if you are incapable of performing at least three activities of daily living
  • The premium is determined at the age of entry and does not increase with your age. Premiums are payable annually until you reach the age of 65
  • ElderShield covers you for life, so you can claim benefits at any age
  • You can use your Medisave account to pay for your premiums
  • Enhance your ElderShield policy with PrimeShield, which offers a higher monthly benefit and guarantees a lifetime payout, after your Basic ElderShield benefits have been exhausted

Read About3 things to consider before taking up a new financial product

Features of NTUC Income ElderShield at a glance

Cash and Cash Withdrawal Benefits

Cash value: No
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: No
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


Additional Features and Benefits


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

Read Also: No budget for financial planning?

Is NTUC Income ElderShield suitable for me?

Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.

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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...
    NTUC Income ElderShield 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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