What you need to know about MediShield Life & ElderShield

Serving different purposes, the MediShield Life and ElderShield plans complement each other in providing protection against different types of healthcare expenses.

MediShield Life

MediShield Life is a basic insurance plan which helps to pay for large hospital bills and selected costly outpatient treatments, such as dialysis and chemotherapy for cancer.

  • All Singaporeans and Permanent Residents are automatically enrolled at birth.
  • Those who choose to stay in a Class A/B1 wards or in a private hospital are also covered by MediShield Life. However, as MediShield Life payouts are pegged at Class B2/C wards, the MediShield Life payout will make up a small proportion of the bill only. The patient may therefore need to pay more of their bill from Medisave and/or cash.
  • Reimburses you for the cost of claimable medical bills, up to the claim limit of S$100,000 per policy year, so you pay less cash or Medisave.
  • Premiums are payable for life and fully payable by Medisave.


Launched in 2002, ElderShield is a severe disability insurance scheme which aims to help Singaporeans with severe disabilities cope with the financial burden of their daily care.

  • All Singaporeans and Permanent Residents are automatically enrolled at age of 40 (unless they choose to opt out of the scheme).
  • No exclusions of existing illnesses for those who are auto-covered at the age of 40.
  • Monthly cash payout of S$400 for a maximum of 72 months (6 years); meant to help offset healthcare and living costs.
  • Premiums are fully payable by Medisave.
  • You are insured for life, even though premium payments stop at 65 years old.
  • What is severe disability: defined as inability to perform at least three out of the six Activities of Daily Living (ADLs) independently, with or without mobility aids (e.g. walking aids, wheelchair). This means that the individual will require the physical assistance of another person for the ADL.


Manulife Financial Advisers offer a range of plans that increase your coverage and protection. They are:

Integrated Shield Plans

  • Aviva My Shield
  • Enhanced Income Shield

Eldershield Supplements

  • My Care/My Care Plus
  • Primeshield

With rising costs of living and an ever-evolving healthcare landscape, you may be wondering if you need to upgrade your existing coverage. This is a good opportunity to have a professional adviser help evaluate your existing policies and anticipate your future needs.

If you would like to find out more, speak to us at 6807 2250 or send us an email at info@manulifefa.com.sg.


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