Singlife CareShield Standard & Plus Review

Benefits of Singlife CareShield Standard & Plus

Singlife CareShield Standard & Plus is a CareShield Life supplementary plan that provides additional monthly disability benefits upon making a successful claim.

The 6 Activities of Daily Living (ADL) are:

  • Washing; cleaning yourself
  • Dressing; putting on and taking off clothes
  • Feeding; eating
  • Toileting; doing your natural business in the toilet
  • Mobility; moving around and
  • Transferring; getting off your bed

Singlife CareShield Standard & Plus product details

  • Non-participating policy – Disability Income Insurance
  • Additional Disability Income – Get an additional $200 to $5,000 more upon severe disability
    • Singlife CareShield Plus starts paying out upon the disability to perform 2 of 6 ADLs
    • Singlife CareShield Standard starts paying out upon the disability to perform 3 of 6 ADLs
    • You can choose a fixed or increasing payout; premiums will differ
  • Premium Waiver Benefit
    • Future premiums are waived when you become unable to perform 1 of 6 ADLs
  • Flexible Premium Payment Term
    • You can choose to pay premiums up till age 68 or
    • Pay premiums for 20 years (If you join at age 49 or older)
  • MediSave-fundable
    • You can use your MediSave funds to offset premiums up to $600 per year, exceeding premiums will be paid in cash
  • Severe Disability Benefit
    • Receive a lump-sum benefit payout of 3x your chosen monthly disability benefit when you become severely disabled
    • Severe Disability means the inability to perform 2 of 6 ADLs for Singlife CareShield Plus and 3 of 6 ADLS for Singlife CareShield Standard
    • Receive additional payout if you have a child under 22 years old
  • Death Benefit
    • A lump-sum death benefit of 3X your last monthly benefit will be paid out in the event you pass on during severe disability
  • Milestone Benefit
    • You can choose to increase your monthly payouts during milestone events without medical check-ups

Read also: An Introduction To Disability Income Insurance Policies

Features of Singlife CareShield Standard & Plus 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


Additional Features and Benefits


For further information and details, refer to Singlife 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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