|
|
|
Question No: 104
Question By: Dr Fatimah Lateef |
|
To ask the Minister for Health following the
implementation of ElderShield Supplements |
|
(a) how many more eligible Singaporeans have
signed up; and |
|
(b) how much will it cost the Government in
terms of expected payout. |
|
Reply from MOH |
|
The ElderShield severe disability insurance
scheme underwent two major changes in October 2007. |
|
First, the basic ElderShield was
upgraded to provide a higher payout from $300 to $400 per month
and a longer maximum payout period from 5 to 6 years. Second,
ElderShield policyholders who prefer additional severe disability
coverage can now purchase ElderShield Supplements, on top of the
basic ElderShield. |
|
Basic ElderShield and its Supplements
are insurance schemes run by three private insurers (namely Aviva,
Great Eastern Life and NTUC Income). They are actuarially- and
commercially-structured and have to be fully funded by the
premiums paid by the policyholders. |
|
As at end-Dec 2007, there were about
790,000 ElderShield policyholders. 38,000 policyholders upgraded
from the former basic ElderShield to the new basic ElderShield.
There are 9 ElderShield Supplements and thus far, 14,000
policyholders have bought additional coverage through these
Supplements. |
|
Source:
www.moh.gov.sg News 15 Feb
2008 |
|
 |
|
Important
Notice |
|
Our FrontPage
Editions are a historical record of our Web site and reflect
the changing of the times, and also of our Web site through
time. We do not and will not update the links and stories on
these FrontPages even if they have become obsolete. |
|
FrontPage Edition: Mon 25 February 2008
All rights reserved
