Aviva MyCare Review
The complete Pros and Cons on Aviva MyCare
Aviva MyCare has been rebranded to Singlife ElderShield Standard. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Aviva MyCare product details
- Non-participating policy – Disability Income Insurance
- ElderShield supplement
- Lifetime benefits with premiums that do not increase with age
- Receive the monthly payouts as long as you are disabled
- Medisave Funds can be used for MyCare premium up to S$600 per calendar year per Life Assured
- A one time lump sum benefit equal to three times the first monthly payout amount will be provided to help you with the initial expenses at the onset of the disability.
- A dependent care benefit of $200 per month payable up to 36 months if you have a child aged 21 years old and below at claim.
- A Rehabilitation Benefit of 50% of the monthly payout during your recovery stage.
- A death benefit that will pay three times your last payout if death occurs during the severe disability.
- A waiver of premium payment during benefit payouts.
- A guaranteed renewal that allows you to continue coverage as needed
- Custom Payout Benefit: Choose your preferred monthly payout from a minimum of $600 to a maximum of $5000
- Custom Monthly Payout Duration: Choose between a fixed 12-year duration or unlimited lifetime payout.
- Custom Payment Term: Choose between paying until 66 (age next birthday) or for 20 years from entry age, whichever is later
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Features of Aviva MyCare at a glance
Cash and Cash Withdrawal Benefits
Cash value: No
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: NA
Total Permanent Disability: NA
Terminal Illness: NA
Critical Illness: NA
Early Critical Illness: NA
Health and Insurance Coverage Multiplier
Death: NA
Total Permanent Disability: NA
Terminal Illness: NA
Critical Illness: NA
Early Critical Illness: NA
Optional Add-on Riders
NA
Additional Features and Benefits
Yes.
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Is Aviva MyCare suitable for me?
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