PrimeShield

Web Forms
Basic ElderShield 300	Other Forms
Basic ElderShield 300 Policy Document	Application Form Alteration Form Declaration of Continued Insurability Opt Out/Termination Form Re-instatement Form Claim Form Appointed Assessors Change of Premium Payment Method
Basic ElderShield 400
Basic ElderShield 400 Info Booklet Basic ElderShield 400 Info Booklet (Upgrade)
PrimeShield
PrimeShield Policy Document PrimeShield Product Summary PrimeShield Printed Brochure

Lifetime payout at affordable premiums for your long-term needs.
That’s the Income difference.
PrimeShield is designed to complement your Basic ElderShield.
Choose PrimeShield for more comprehensive, longer coverage.

According to the Straits Times article on 13 January 2009, it costs between $800 and over $4,000 each month to put a patient in a private nursing home. Depending on your current Basic ElderShield plan type, it pays you either $300 a month for a maximum period of 5 years or $400 a month for a maximum period of 6 years if you become severely disabled¹. This amount may not be enough to meet your needs. As healthcare costs are constantly on the rise, there is a need to extend your coverage.

NTUC Income’s PrimeShield offers you higher monthly benefit and, more importantly, guarantees a lifetime payout, after your Basic ElderShield benefits have been exhausted.

You can make use of your CPF Medisave (up to $600 per insured person per calendar year) to pay for your PrimeShield premiums. This way, you minimise your cash outlay.

BENEFITS AT A GLANCE

Higher monthly payout Guaranteed lifetime payout should severe disability1 persist One time lump sum benefit payable upon severe disability1 Additional dependent care benefit One time lump sum payout for death while suffering from or upon recovery from severe disability1 Premiums payable by CPF Medisave (up to $600 per insured person per calendar year)

Monthly Disability Benefit

In case you suffer from a severe disability¹, you’ll get a Monthly Disability Benefit. The amount of Monthly Disability Benefit depends on the monthly benefit level chosen by you less any payout under your Basic ElderShield, if applicable.

Lifetime Payout

You are guaranteed of your PrimeShield monthly benefit for life, so long as you are severely disabled¹. This payout will continue even after your Basic ElderShield benefits have ceased.

Lump Sum Benefit

If you suffer a severe disability¹, you will also receive a one-time lump sum benefit, which is equal to 3 times the monthly benefit level chosen by you.

Dependent Care Benefit

If you have a child under 21 years of age as at the claim date, you would be entitled to an additional 25% of the monthly benefit level chosen by you. This benefit will be payable monthly, for a maximum of 36 months per lifetime.

Get Well Benefit²

You will also receive a one-time payout (3 times the monthly benefit level chosen by you) if you recover from the severe disability¹.

Death Benefit²

In the event of death while receiving the monthly disability benefit, a one-time payout equal to 3 times the monthly benefit level chosen by you is payable.

Eligibility

PrimeShield is open to Singapore Citizens and Permanent Residents, aged 40 to 64 years old at last birthday, who have an existing Basic ElderShield Plan.

Exclusions

There are certain conditions whereby the benefits under this plan will not be payable. These are stated as exclusions in the policy contract. You are advised to read the policy contract for the full list of exclusions.

Benefits Illustration

For illustration purposes, we are using PrimeShield at a benefit level of $1,000 per month.

PrimeShield for policyholders under Basic ElderShield 300

Coverage	Basic ElderShield 300 only	Basic ElderShield 300 + PrimeShield 1000
Monthly Disability Benefit	$300	$1,000^
Maximum Payout Period	5 Years	Lifetime. As long as one suffers from severe disability1.
Lump Sum Benefit	NIL	3 times the monthly benefit level chosen by you.
Dependent Care Benefit	NIL	25% of the monthly benefit level chosen by you for a maximum of 36 months.
Get Well Benefit2	NIL	3 times the monthly benefit level chosen by you.
Death Benefit2	NIL	3 times the monthly benefit level chosen by you.
Total Payout	$18,000	Unlimited Payout. As long as you suffer from severe disability1.

* For the first 60 months - $300 from Basic ElderShield and $700 from PrimeShield. From 61st month onwards - $1,000 from PrimeShield.

PrimeShield for policyholders under Basic ElderShield 400

Coverage	Basic ElderShield 400 only	Basic ElderShield 400 + PrimeShield 1000
Monthly Disability Benefit	$400	$1,000^
Maximum Payout Period	6 Years	Lifetime. As long as one suffers from severe disability1.
Lump Sum Benefit	NIL	3 times the monthly benefit level chosen by you.
Dependent Care Benefit	NIL	25% of the monthly benefit level chosen by you for a maximum of 36 months.
Get Well Benefit2	NIL	3 times the monthly benefit level chosen by you.
Death Benefit2	NIL	3 times the monthly benefit level chosen by you.
Total Payout	$28,800	Unlimited Payout. As long as you suffer from severe disability1.

^ For the first 72 months - $400 from Basic ElderShield and $600 from PrimeShield. From 73rd month onwards - $1,000 from PrimeShield.

You can purchase PrimeShield at monthly benefit levels from $500 to $2,500. Please refer to the application form for the corresponding premiums and premium payment terms.