Two New Riders for NTUC IncomeShield Plan

Good news! NTUC has recently intro­duced two new riders — Daily Cash Rider and Child Ill­ness Rider, to enhance your IncomeShield Plan. With Daily Cash Rider, you will have access to cash bene­fits every­day if you are hos­pit­al­ised and receive a Get Well Bene­fit upon your dis­charge. The Child Ill­ness Rider, on the other hand, provides a one-time lump sum bene­fit of up to $20,000 should the insured child be dia­gnosed with any of the spe­cified child-related illnesses.

 

Daily Cash Rider

You can now enhance the cov­er­age of your Assist Rider with the new Daily Cash Rider from NTUC Income. With it, you have access to cash bene­fits every­day if you are hos­pit­al­ised. You will also receive a Get Well Bene­fit upon your dis­charge. These cash bene­fits provide you with addi­tional funds to off­set treat­ment costs and day-to-day expendit­ure. Plus, should a pro­longed hos­pital stay be neces­sary, you will be glad to know that your daily cash bene­fits are pay­able for hos­pit­al­isa­tion peri­ods of up to 365 days, provid­ing you with an added source of funds while you receive treatment.

Bene­fits

Bene­fit Type Preferred/
Plan P
Advantage/
Plan A
Basic/Plan B/
Plan C
Daily Cash Bene­fit1 (Per Day) $150 $100 $50
Get Well Bene­fit2 $300 $250 $100

 

Premium Rates (per year)

Age Next Birthday Preferred/
Plan P
Advantage/
Plan A
Basic/Plan B/
Plan C
30 & below $83 $61 $28
31 – 40 $110 $80 $37
41 – 50 $134 $98 $45
51 – 55 $168 $122 $56
56 – 60 $224 $163 $75
61 – 65 $282 $205 $94
66 – 70# $396 $288 $132
71 – 73# $508 $369 $169
74 – 75# $619 $450 $206
76 – 80# $716 $520 $239
81 – 85# $829 $602 $276

# For renew­als only

  1. This bene­fit is pay­able per hos­pit­al­isa­tion, sub­ject to the fol­low­ing con­di­tions:
    Except for acci­dent, incid­ence of claim occurs after a wait­ing period of 30 days from the com­mence­ment date of the policy. • Period of hos­pit­al­isa­tion is 6 hours or more. • Pay­able up to a max­imum of 365 days per period of hos­pit­al­isa­tion. • For day sur­gery claims, the bene­fit is only pay­able if the day sur­gery is per­formed in a hos­pital with room and board charges and requires at least 6 hours of hos­pit­al­isa­tion. Day sur­gery in a clinic is not eli­gible for the Daily Cash Benefit.
  2. This bene­fit is pay­able upon dis­charge from a hos­pital, sub­ject to the fol­low­ing con­di­tions:
    Pay­ment of the Daily Cash Bene­fit. • Period of hos­pit­al­isa­tion is 48 hours or more. • Should death of the insured occurs dur­ing the period of hos­pit­al­isa­tion, this bene­fit will not be payable.
  3. Premium rates are non-guaranteed and may be reviewed from time to time.

 

Child Ill­ness Rider

As a par­ent, noth­ing is more import­ant than your child’s health and well-being.
By adding the Child Ill­ness Rider to your child’s Incomeshield plan, you can ensure a cash resource of up to $20,000 should one of the covered ill­nesses befall him or her. With less fin­an­cial dis­trac­tions, you will be bet­ter able to devote your fullest atten­tion to caring for your child.

Lump Sum Benefit

The Child Ill­ness Rider provides a one-time lump sum bene­fit of up to $20,000 should the insured child be dia­gnosed with any of the spe­cified child-related illnesses.

Covered Child Illnesses

  • Severe Asthma
  • Leuk­aemia
  • Bone Mar­row Transplant
  • Insulin-dependent Dia­betes Mellitus
  • Rheum­atic Dis­ease with Valv­u­lar Impairment
  • Kawa­saki Disease
  • Hae­mo­philia
  • Still’s Dis­ease
  • Men­tal Retard­a­tion due to Sick­ness, Injury and/or Accident

 

Covered Acci­dental Frac­tures (Skull, Spine, Pel­vis or Femur)

  • For any acci­dents that res­ults in frac­tures to the skull, spine, pel­vis or femur, a cash bene­fit of 10% of the Sum Assured2 will be paid out, up to 100% of the Sum Assured.

 

Premium Rates (per year)

Age Next Birthday Premium
24 & below $99
25 (For renewal only) $99
  1. The dia­gnosis occurs after a wait­ing period of 60 days from the com­mence­ment date of the policy. For leuk­aemia dia­gnoses, the wait­ing period is 90 days from the policy com­mence­ment date. • The insured sur­vives for a period of 30 days from the date of dia­gnosis. • Total policy claims limit is 100% of the sum assured.
  2. Sub­ject to the pre­cise terms, con­di­tions and exclu­sions of this plan spe­cified in the Policy Contract.
  3. Premium rates are non-guaranteed and may be reviewed from time to time.

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