Best CareShield Life Supplement Plans In Singapore (2020)

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CareShield Life covers some long-term care costs, but not all. With comprehensive benefits and higher payouts, rest easy knowing that you’re sufficiently covered by these top-notch CareShield Life supplements.

When misfortune strikes and you are faced with disability, the last thing you need is financial stress. CareShield Life, ElderShield’s most recent upgrade, is a long-term care insurance scheme that seeks to alleviate the costs of personal and medical care should you become severely disabled. This is defined as the inability to do 3 out of the 6 Activities of Daily Living (ADLs).

Those under the scheme are able to successfully claim lifetime cash payouts starting from $600 a month, which increases on a yearly basis until you hit age 67. You’ll also be pleased to know that the annual premium payments are relatively low maintenance as they are mainly paid through MediSave. 

Now, if you’re in the pink of health, the necessity of long-term care brought by disability might be the least of your priorities.

But we beg to differ. Long-term care is especially important as we age, when you find that your legs don’t work like they used to before. A Ministry of Health study showed that 1 in 2 healthy Singaporeans could become severely disabled in their lifetime and that an estimated 3 in 10 could be severely disabled for 10 years or more. Causes range from strokes to chronic conditions like diabetes, dementia and even road accidents.

Based on Aviva’s long-term care study, long-term care costs alone could rack up to $2,324 per month on average if you factor in caregiver expenses, medication and therapy. This could cause significant financial strain due to the loss of income if you’re unable to continue working in the event of your disability.

What are CareShield Life supplements? 

This is where supplements may come in handy to safeguard you from skyrocketing medical and caregiving costs. CareShield Life supplements provide more coverage for both moderate and severe disability, coupled with higher long-term care payouts to minimise any out-of-pocket expenses. 

Better yet, CareShield Life supplements’ premiums are eligible for MediSave deduction, capped at $600 a year. 

These supplements may also offer more peace of mind than your basic CareShield Life plan, through perks such as dependant and death benefits that provide financial support to your loved ones as well. However, do keep in mind that only Singapore Citizens and Permanent Residents born between 1980 to 1990 (aged 30 to 40 in 2020) with a CareShield Life policy are currently eligible to apply.

To get you up to speed, we’ve handpicked a few of the best CareShield Life supplements in the market to see which of these plans offer more bang for your buck.

Best CareShield Life supplement plans


GREAT CareShield EnhancedGREAT CareShield AdvantageAviva MyLongTermCareAviva MyLongTermCare PlusNTUC Care Secure
Policy termLifetimeLifetimeLifetimeLifetimeLifetime
Premium termPremium term options till ANB* 65 and 80Premium term options till ANB 65 and 80Premium term options till ANB 68 and 99Premium term options till ANB 68 and 99Premium term options of 67 and 84 years
Premium waiverWhen unable to perform at least 1 ADL**When unable to perform at least 1 ADLWhen unable to perform at least 1 ADLWhen unable to perform at least 1 ADLsWhen unable to perform at least 2 ADLs
Max. monthly payout$5,000$5,000$5,000$5,000$5,000
Criteria to claim monthly payout (inability to perform ADLs) 2 out of 6 ADLs to claim 50% of the monthly payout 
3 out of 6 ADLs to claim 100% of the monthly payout
2 out of 6 ADLs to claim 100% of the monthly payout3 out of 6 ADLs to claim 100% of the monthly payout2 out of 6 ADLs to claim 100% of the monthly payout2 out of 6 ADLs to claim 100% of the monthly payout
Initial benefit upon successful claimNilOne lump sum of 3 times the monthly payout (if unable to perform 1 out of 6 ADLs) 
One lump sum of 3 times the monthly payout  (if unable to perform 3 out of 6 ADLs) One lump sum of 3 times the monthly benefit (if unable to perform 2 out of 6 ADLs) One lump sum of 3 times the monthly benefit (if unable to perform 2 out of 6 ADLs) 
One lump sum of 6 times the monthly benefit (if unable to perform 3 out of 6 ADLs) 
Rehabilitation benefitNilNil50% of your last monthly benefit (2 ADLs)NilNil
Caregiver relief NilNilAdditional 60% of the monthly benefit (up to 12 months)Additional 60% of the monthly benefit (up to 12 months)Nil
Dependent careNilNilAdditional 20% of the month benefit up to 36 months if you have a child age 21 and below Additional 20% of the month benefit up to 36 months if you have a child age 21 and below Additional 25% of the month benefit up to 36 months if you have a spouse, child, parents/parents in-law 
Death benefitNilNil300% of the last paid disability benefit or rehabilitation benefit300% of the disability benefit 300% of the disability benefit 

*Age Next Birthday (ANB)
**The 6 Activities of Daily Living (ADLs) are washing, dressing, toileting, feeding, walking or moving around and transferring

GREAT CareShield Enhanced 

With Great Eastern, you’ll have the option to choose between GREAT CareShield Enhanced and CareShield Advantage. The Enhanced plan aptly gives you more than your basic CareShield Life coverage, providing a higher likelihood of receiving the monthly payout via two different criteria to claim, based on the severity of the disability: 50% at the inability to perform two ADLs and 100% of the benefit if you’re able to perform at least 3 ADLs. 

GREAT CareShield Advantage

Great Eastern’s CareShield Advantage supplement plan stands out from the rest in a number of ways. It offers generous support for mild disability, a feature that’s not found in other plans on the list. This means you’ll receive a lump sum payout of three times the monthly benefit (up to $15,000) from the inability to perform at least 1 out of the 6 ADLs. 

Other supplement offerings are restricted to only moderate to severe forms of disability (inability to perform 2 or 3 out of 6 ADLs) in order to qualify for a similar payout.

On the other hand, there’s also a lack of certain perks such as death benefit and caregiver relief. This makes it less attractive when we compare it to more competitive products on the market.

Promotion: Enjoy 20% off first-year premium and free 12 months’ Dengue Care

Aviva MyLongTermCare

When you look at the sheer number of good stuff packed into a single plan, Aviva’s CareShield supplement might just be the strongest contender of the lot. Look forward to a plethora of benefits that range from rehabilitation benefit, dependant care benefit, caregiver relief benefit and death benefit. What’s more, you can choose between fixed payouts or increasing payouts at 2% or 3% p.a. until the end of the premium term, or when a claim is made, whichever is earlier. 

To qualify for the rehabilitation benefit monthly payout, you must be unable to perform 2 ADLs (moderate disability). 

Promotion: Enjoy a 20% perpetual premium discount, with a minimum annual premium of $500*

*Includes GST, before 20% discount. Terms and conditions apply.

Aviva MyLongTermCare Plus 

Not to be confused with its counterpart (MyLongTermCare), MyLongTermCare Plus also provides a 20% perpetual premium discount as well as additional goodies such as dependant care, caregiver relief and death benefit. 

Granted, while there’s a lack of rehabilitation benefit under this plan, it’s important to note that 100% of the monthly benefit payout will be activated in the event of moderate disability (inability to perform 2 out of 6 ADLs). 

Promotion: Enjoy a 20% perpetual premium discount, with a minimum annual premium of $500*

*Includes GST, before 20% discount. Terms and conditions apply.

NTUC Care Secure

NTUC’s Care Secure offers decent coverage with a support benefit (initial payout) of up to 600% of the disability benefit, a dependant benefit of 25% of the disability benefit every month for up to 36 months and death benefit of 300% of the disability benefit.

Moreover, NTUC policyholders are also privy to exclusive offers that range from shopping discounts to luxury staycations deals. 

But its one significant stumbling block is that its monthly benefit is inclusive of CareShield Life’s payout. To compare, GREAT CareShield Advantage and Aviva MyLongTermCare both offer monthly benefits in addition to the basic payout, which simply means you’re able to get more at the end of the day.

Ok, which CareShield Life supplement should I sign up for?

There’s definitely no hard and fast rule to this. When deciding on the supplement that’s right for you, you’ll need to consider your own medical needs and priorities. 

If you want your loved ones taken care of if anything should happen to you, we suggest that you opt for plans that include dependant benefit as they’ll be able to receive a payout if you become disabled. 

In this regard, Aviva’s MyLongTermCare provides the most well-rounded benefits along with a higher payout. However, do take note that if you opt for the increasing payout plan, you’d need to fork out increasing premiums at 2% or 3% p.a.


By Marissa Saini
Your friendly neighbourhood cat enthusiast who enjoys not being broke. Spend less, save more is the name of the game. Firm believer that being financially savvy is not about the destination, but the friends you make along the way.


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