SmallChange

Unexpected ElderShield payouts for dad

ST ILLUSTRATION: CEL GULAPA

Until January, no one in the family was aware that my parents were covered under scheme

I have made an ElderShield insurance claim for my severely disabled father, which was subsequently approved by his insurer, NTUC Income.

The claim last month was made under his ElderShield Basic 300 plan. It means my 83-year-old father will receive monthly payouts of $300 for the next five years, which translates to a total of $18,000.

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A version of this article appeared in the print edition of The Sunday Times on March 18, 2018, with the headline 'Unexpected ElderShield payouts for dad'. Print Edition | Subscribe