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Supplement your coverage with a disability plan that pays monthly benefit
T&Cs apply. Buying insurance is a long term commitment and should be bought according to your needs, affordability and products suitability.
Disability Insurance Promotion
For a limited time from 4 to 16 December 2022, get protected for free in the first year*!
Fill in the form below to indicate your interest, and our conflict-free client advisers will reach out to you.
This plan is stackable on top of CareShield Life/ElderShield and their supplement plans.
You can choose to receive monthly payouts if you lose the ability to perform at least 1 Activity of Daily Living (ADL) for 3 or 6 years and receive additional benefits to support your journey to recovery.
MoneyOwl will reimburse the policyholder 100% of the premiums paid subjected to a cap of $100 reimbursement per policy. The policyholder will bear any premiums that is above $100. Click here for the full terms and conditions.
Starts from $75 per year for $1,000 monthly benefit over 3 years. Guaranteed renewal and no medical examinations – just 5 health questions.
Monthly payouts if you lose ability to perform 1 ADL
It pays out upon the loss of
ability to perform at least one of the six ADL.
Complements existing insurance
Pays over and above your long-term care and Total Permanent Disability insurance to take care of your monthly bills.
Monthly Disability Benefit
The plan pays out a monthly benefit for your chosen 3 or 6 years if the life assured is certified with the inability to perform at least 1 out of 6 ADL.
Get Well Benefit
Upon making a full recovery from disability, a lump sum Get Well Benefit of up to 3 times the monthly benefit will be paid.
Should the unforeseen happen, a lump sum benefit of $5,000 is payable.
A lump sum equivalent to 1 time the monthly benefit is payable when a caregiver leaves their job to care for the disabled life assured.
Disability Benefit due to Heart Attack or Stroke
A lump sum equivalent to 2 times the monthly benefit is payable if the loss of ADL is caused by Heart Attack of Specified Severity or Stroke with Permanent Neurological Deficit.
Reimburses expenses for required rehabilitation treatment, including Traditional Chinese Medicine (TCM), up to 100% of monthly benefit per policy year.
Mobility Aids Reimbursement Benefit
Reimburses expenses for required mobility aids, up to 50% of monthly benefit per policy year.
Reimburses expenses for required, specially adapted transportation for outpatient consultation, up to 20% of monthly benefit per policy year, excluding ambulance expenses.
Home Improvement Benefit
Reimburse expenses for necessary home modification, up to 300% of monthly benefit per policy lifetime.
1 in 2 healthy Singaporeans aged 65 could become severely disabled in their lifetime. It’s best to shield yourself early when premiums will be more affordable.
Choose Quality Care
The quality of your care will depend on how much you can spend on facilities and resources. Give yourself a wider range of options with financial backing from your disability insurance.
Protect Your Savings
By paying out a monthly benefit, disability insurance protects your retirement savings. These payouts complement national schemes like CareShield Life and ElderShield, and can help sustain your financial security.
Step 1: Fill in the form below to determine your eligibility. The plan is only open to ages 19 and 59.
Step 2: Submit the form to indicate your interest and our conflict-free client advisors will contact you within 2 business days.
Step 3: Choose your payout benefit period – 3 or 6 years – and the monthly payout amount – from $1,000 to $5,000 (in multiples of $1,000)
Step 4: After you pay the premium for the first year, MoneyOwl will reimburse you up to $100 one month after the policy is issued*.
*To receive free cover in your first year, your annual premium needs to be below $100, our client advisers will provide you with a preliminary quote based on $1,000 sum assured for the 3-year payout option. You may opt for higher coverage and payout years, but premiums in excess of $100 will not be reimbursable by MoneyOwl. Click here for the full terms and conditions.
The entry age is from 19 to 59, renewal is guaranteed up to 70 based on insured’s age next birthday.
Annual premium rate per $1,000 monthly benefit by age band:
Information is correct as of the time of publishing. The insurer reserves the right to update the discount levels.
Large size discount per $1,000 monthly benefit:
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