Good day to you. Aviva has launched a new product: Mycare Plus that can enhanced our current eldershield. Eldershield protects against old age disabilities by paying an amount every month. It is currently  an opt out scheme for Singaporeans and can be paid by medisave.    

New features for AVIVA MyCare Plus include :

 1) 2 ADL coverage compared to 3 ADL (Activities of Daily Living: If you are unable to perform 2 ADL, the payout will start. In the past, it used to be 3    )

2) Premium payment is now applicable for whole life only. (Mycare has choices of up till age 66 or for 20 years)

3) Waiting period – 90 days (unless inability to perform 3 or more ADL)

4) Dependent care benefit still remains

5) Rehabilitation benefit is taken out

 Compared to closest competitor (G EShield Supplement)

G Eshield Supplement AVIVA MyCare Plus
Payout benefit in addition of Basic Eldershield Payout benefit inclusive of Basic Eldershield
No Dependent Care Benefit Dependent Care Benefit
Last entry age at age 60 years old Last entry age at age 65 years old
Benefit Payment Period-       - Lifetime

-       - 10 years

 Benefit Payment Period        -  Lifetime

        -  12 years
Premium Payment- Up to age 80alb Premium Payment- Lifetime
Benefit Amount-       - Minimum $300

-       - Maximum $3000

 Benefit Amount        -  Minimum $600

        -  Maximum $3500
Premium-       - Premium is higher

-       - Fixed Throughout

-       - No discount for larger benefit                                                  

 Premium        - Premium is lower

        - Price differs for benefit amount

        - Discount for larger benefit amount

 If you are keen to find out more, feel free to let me know. You can drop me an email at jimmytheifa@gmail.com

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