ElderShield premiums are based on the age at which you join the scheme, and the final premium payable is for the policy year in which you are still age 65 at the start of the policy year.
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, you can top up your MediSave 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 year in which you are age 65 at the start of the policy year, or when you make a successful claim, whichever is earlier.
ElderShield400 and ElderShield300 Premiums
Applicable for policy start/renewal date on or after 1 Jan 2023 |
|||||
|---|---|---|---|---|---|
| Entry Age | Number of Premium Payments |
Annual Premiums1 ($) (inclusive of 8% GST) |
|||
| ElderShield400 | ElderShield300 | ||||
| Male | Female | Male | Female | ||
| 40 | 26 | 176.60 | 219.80 | 153.09 |
196.08 |
| 41 | 25 | 183.73 | 229.23 | 158.33 | 203.41 |
| 42 | 24 | 191.48 | 239.51 | 165.67 |
212.86 |
| 43 | 23 | 199.97 |
250.73 | 173.00 | 222.30 |
| 44 | 22 | 209.30 | 263.04 | 180.35 | 232.78 |
| 45 | 21 | 219.56 | 276.59 | 189.79 | 244.30 |
| 46 | 20 | 230.92 | 291.57 | 199.22 | 257.94 |
| 47 | 19 | 243.52 | 308.17 | 209.70 | 271.57 |
| 48 | 18 | 257.60 | 326.71 | 223.00 | 287.30 |
| 49 | 17 | 273.36 | 347.45 | 235.92 | 305.13 |
| 50 | 16 | 291.14 | 370.83 | 250.60 | 325.05 |
| 51 | 15 | 311.32 | 397.38 | 267.38 | 347.07 |
| 52 | 14 | 334.44 | 427.75 | 286.25 | 373.28 |
| 53 | 13 | 361.13 | 462.84 | 308.27 | 402.65 |
| 54 | 12 | 392.30 | 503.79 | 333.44 | 436.19 |
| 55 | 11 | 429.16 | 552.21 | 362.79 | 476.04 |
| 56 | 10 | 473.41 | 610.33 | 398.45 | 524.27 |
| 57 | 9 | 527.48 | 681.34 | 440.39 | 581.94 |
| 58 | 8 | 594.99 | 770.07 | 492.81 | 654.30 |
| 59 | 7 | 681.67 | 884.13 | 559.92 | 746.56 |
| 60 | 6 | 797.06 | 1036.15 | 649.05 | 869.24 |
| 61 | 5 | 958.30 | 1248.90 | 771.73 | 1040.16 |
| 62 | 4 | 1199.67 | 1567.87 | 955.22 | 1296.00 |
| 63 | 3 | 1601.08 | 2099.13 | 1259.30 | 1719.61 |
| 64 | 2 | 2402.41 | 3160.89 | 1862.21 | 2564.74 |
Applicable for policy start/renewal date before 1 Jan 2023 |
|||||
|---|---|---|---|---|---|
| Entry Age | Number of Premium Payments |
Annual Premiums1 ($) (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 |
1 Premiums are payable annually until the policy year in which you are age 65 at the start of the policy year, or when you make a successful claim, whichever is earlier.
Note: Premiums shown above are inclusive of GST and correct as at 31 Oct 2022.
What if you cannot afford your premiums and decide to drop out?
You may still be able to receive some payouts if you develop severe disability if you had 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.