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About ElderShield

Premium Subsidy for 10-Year Premium Plan

Entry age
(as at 30 Sep 02)
10-Year Premium
Subsidy
amount
Subsidised
premiums
Years of Subsidy
Male
Female
Male
Female
Male
Female
56
394.76
519.42
139.00
182.00
255.76
337.42
1
57
404.11
531.89
142.00
187.00
262.11
344.89
2
58
415.53
545.39
146.00
191.00
269.53
354.39
3
59
425.92
559.93
150.00
196.00
275.92
363.93
4
60
438.39
574.47
154.00
202.00
284.39
372.47
5
61
449.82
590.06
158.00
207.00
291.82
383.06
6
62
463.32
607.72
163.00
213.00
300.32
394.72
7
63
477.86
625.38
168.00
219.00
309.86
406.38
8
64
492.40
644.08
173.00
226.00
319.40
418.08
9
65
509.03
664.86
179.00
233.00
330.03
431.86
10
66
525.65
685.63
184.00
240.00
341.65
445.63
10
67
544.35
709.53
191.00
249.00
353.35
460.53
10
68
564.08
735.50
198.00
258.00
366.08
477.50
10
69
584.86
762.50
205.00
267.00
379.86
495.50
10

Notes:
-
Premiums shown above are inclusive of 7% GST.
-
This plan is only applicable to Singaporeans aged 56 to 69 (as at 30 September 2002).
-
Only Singaporeans aged 56 to 69 (as at 30 September 2002) are eligible for the subsidies.
-
Premium subsidies would apply at the start of each policy year with year 2002 as Year 1, and the number of years of subsidies would vary by entry age. For example, for a 60 year-old female under this plan, the premium subsidies will last 5 years and she will pay only $372.47 for each of the first 5 years under ElderShield. From 2007 (the 6th policy year) onwards, she will have to pay the full premium of $574.47.

Premium Subsidy for Regular Premium Plan

Entry age
(as at 30 Sep 02)
Regular
premium
Subsidy
amount
Subsidised premiums
Years of Subsidy
Male
Female
Male
Female
Male
Female
56
394.76
519.42
139.00
182.00
255.76
337.42
1
57
436.31
576.55
 144.00
191.00
292.31
385.55
2
58
488.25
648.24
142.00
188.00
346.25
460.24
3
59
554.74
739.65
150.00
 200.00
404.74
539.65
4
60
643.04
861.19
155.00
207.00
488.04
654.19
5
61
764.58
1,030.53
184.00
248.00
580.58
782.53
5
62
946.38
1,284.00
275.00
373.00
671.38
911.00
4
63
 1,247.64
1,703.69
437.00
597.00
810.64
 1,106.69
3
64
1844.97
2540.99
757.00
1042.00
1087.97
1498.99
2

Notes:
-
Premiums shown above are inclusive of 7% GST.
-
Only Singaporeans aged 56 to 69 (age as at 30 September 2002) are eligible for the subsidies.
-
Premium subsidies would apply at the start of each policy year with year 2002 as Year 1. The number of years of subsidies would vary by entry age. For example, for a 60 year-old female under this plan, the premium subsidies will last 5 years and she will pay only $654.19 for each of the first 5 years under ElderShield. From 2007 (the 6th policy year) onwards, she will have to pay the full premium of $861.19.

Premium Subsidy for Single Premium Plan

Entry age
(as at 30 Sep 02)
Regular
premium
Subsidy
amount
Subsidised premiums
Male
Female
Male
Female
Male
Female
56
 3,094.69
 4,197.93
124.00
168.00
 2,970.69
 4,029.93
57
 3,149.75
 4,284.15
284.00
386.00
 2,865.75
 3,898.15
58
 3,205.85
 4,371.42
417.00
569.00
 2,788.85
 3,802.42
59
 3,262.98
 4,460.76
620.00
848.00
 2,642.98
 3,612.76
60
 3,322.19
 4,552.18
765.00
 1,048.00
 2,557.19
 3,504.18
61
 3,381.40
 4,646.71
913.00
 1,255.00
 2,468.40
 3,391.71
62
 3,442.70
 4,742.28
 1,137.00
 1,565.00
 2,305.70
 3,177.28
63
 3,505.03
 4,842.01
 1,332.00
 1,840.00
 2,173.03
 3,002.01
64
 3,568.40
 4,942.78
 1,535.00
 2,126.00
 2,033.40
 2,816.78
65
 3,631.76
 5,046.66
 1,744.00
 2,423.00
 1,887.76
 2,623.66
66
 3,696.18
 5,153.66
 1,812.00
 2,526.00
 1,884.18
 2,627.66
67
 3,760.58
 5,261.70
 1,843.00
 2,579.00
 1,917.58
 2,682.70
68
 3,826.03
 5,373.89
 1,875.00
 2,634.00
 1,951.03
 2,739.89
69
 3,890.43
 5,487.13
 1,985.00
 2,799.00
 1,905.43
 2,688.13

Notes:
-
Premiums shown above are inclusive of 7% GST.
-
Only Singaporeans aged 56 to 69 (age as at 30 September 2002) are eligible for the subsidies.
-
Under this plan, a one-time subsidy was provided for those Singaporeans who paid for their premiums in September 2002.


 
 
 
   
LIG

Tuesday, 6 Jan 2009 (SGT)
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