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ElderShield premiums are based on the age at which you join the scheme, and are payable until the policy anniversary after your 65th birthday.

There are 2 key premium features:

1. ElderShield premiums are fully payable by MediSave

You may 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 there are insufficient funds in your MediSave Account, you can top up your MediSave Account via e-Payment through CPF e-Cashier .

2. ElderShield premiums do not increase over time

Your premium amount is determined at the age of entry and does not increase with age. Premiums are payable annually until the policy anniversary after your 65th birthday or when you make a successful claim, whichever is earlier.



ElderShield400 and ElderShield300 Premiums

Entry Age Number of Premium
Payments
Annual Premiums (Payable till age 65)1 ($)
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 24 189.72 237.29 164.14
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 16 284.44 367.40 248.28 322.04
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

1 Premiums are payable until the policy anniversary after your 65th birthday.
Note: Premiums shown above are inclusive of 7% GST.



What if you cannot afford your premiums and decide to drop out?

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.

Please check with your ElderShield insurer (Aviva, Great Eastern or Income) for more details.