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Updates on 20 Apr 2021

Added new section for home page under banner.

Overview

Understand your ElderShield Premiums

1
Premiums are fully payable by MediSave

You can use your own MediSave to pay your premiums. Family members (i.e. spouse, parents, children, siblings or grandchildren) can also use their MediSave to help you pay your premiums on your behalf.

 

If you don’t have enough funds in your MediSave, you can top it up via e-Payment through CPF e-Cashier.

Top up your MediSave
2
Premiums stay the same

Premiums are determined when you enter the scheme and remain fixed. You pay them each year until the policy anniversary after turning age 65, or when you make a successful claim.

ElderShield premiums table

Your ElderShield premium is based on your age when you join the scheme and is payable until age 65. 

 

This table illustrates your ElderShield premiums. Note that premiums shown are inclusive of GST and correct as at 31 Oct 2022.

Applicable for policy start/renewal date on or after 1 Jan 2023

 

Entry
age

 

Number
of
premium
payments

Annual premiums (payable till age 65) ($)
(Inclusive of 8% GST)

ElderShield400

ElderShield300

Male

Female

Male

Female

40

26

176.60

219.80

153.09

196.08

41

25

183.73

229.23

158.33

203.41

42

24

191.48

239.51

165.67

212.86

43

23

199.97

250.73

173.00

222.30

44

22

209.30

263.04

180.35

232.78

45

21

219.56

276.59

189.79

244.30

46

20

230.92

291.57

199.22

257.94

47

19

243.52

308.17

209.70

271.57

48

18

257.60

326.71

222.30

287.30

49

17

273.36

347.45

235.92

305.13

50

16

291.14

370.83

250.60

325.05

51

15

311.32

397.38

267.38

347.07

52

14

334.44

427.75

286.25

373.28

53

13

361.13

462.84

308.27

402.65

54

12

392.30

503.79

333.44

436.19

55

11

429.16

552.21

362.79

476.04

56

10

473.41

610.33

398.45

524.27

57

9

527.48

681.34

440.39

581.94

58

8

594.99

770.07

492.81

654.30

59

7

681.67

884.13

559.92

746.56

60

6

797.06

1036.15

649.05

869.24

61

5

958.30

1248.90

771.73

1040.16

62

4

1199.67

1567.87

955.22

1296.00

63

3

1601.08

2099.13

1259.30

1719.61

64

2

2402.41

3160.89

1862.21

2564.74
Applicable for policy start/renewal date before 1 Jan 2023

 

Entry
age

 

 

Number
of
premium
payments

 

Annual premiums (payable till age 65) ($)
(Inclusive of 7% GST)

ElderShield400

ElderShield300

Male

Female

Male

Female

40

26

174.96

217.76

151.67

194.26

41

25

182.03

227.11

156.86

201.53

42

24

189.71

237.29

164.14

210.89

43

23

198.12

248.41

171.40

220.24

44

22

207.36

260.60

178.68

230.62

45

21

217.53

274.03

188.03

242.04

46

20

228.78

288.87

197.38

255.55

47

19

241.27

305.32

207.76

269.06

48

18

255.21

323.68

220.24

284.64

49

17

270.83

344.23

233.74

302.30

50

16

288.44

367.40

248.28

322.04

51

15

308.44

393.70

264.90

343.86

52

14

331.34

423.79

283.60

369.82

53

13

357.79

458.55

305.42

398.92

54

12

388.67

499.13

330.35

432.15

55

11

425.19

547.10

359.43

471.63

56

10

469.03

604.68

394.76

519.42

57

9

522.60

675.03

436.31

576.55

58

8

589.48

762.94

488.25

648.24

59

7

675.36

875.94

554.74

739.65

60

6

789.68

1026.56

643.04

861.19

61

5

949.43

1237.34

764.58

1030.53

62

4

1188.56

1553.35

946.38

1284.00

63

3

1586.26

2079.69

1247.64

1703.69

64

2

2380.17

3131.62

1844.97

2540.99
Did you know

You may still be able to receive some payouts when you become severely disabled if you paid a minimum amount of premiums. The level of payouts you can receive will depend on the amount of premiums paid. For more details on your payouts, you may access the My Policy e-Service using your Singpass.