I am born in 1979 or earlier. Will the premiums I had already paid under ElderShield be taken into account when I join CareShield Life?

ElderShield premiums that ElderShield insureds have paid will be taken into account when computing their CareShield Life premiums - the CareShield Life base premium takes into account the premiums existing ElderShield 400 insureds in their cohort have already paid for ElderShield.

Existing ElderShield 300 insureds, as well as those not insured under ElderShield, will pay an additional catch-up component over a period of 10 years, as they would not have paid as much premiums as those in their same cohort who are insured under ElderShield 400. Other groups that may also need to pay a catch-up component include ElderShield 400 insureds who opted out when they were auto-enrolled when they turned 40 and then opted back in later, those who join after 2021, and insureds whose policies became reduced paid-up, i.e. they stopped paying premiums after a minimum number of years of premium payment, which qualifies them for a lower payout amount.

The premiums that ElderShield 300/400 insureds have already paid will be taken into account when computing their catch-up component.

ElderShield Supplement premiums will not be taken into account when computing CareShield Life premiums. ElderShield Supplements provide coverage beyond ElderShield, and their benefits will continue to be recognised even if an ElderShield insured upgrades to CareShield Life, as long as the insured continues paying his Supplement premiums and does not terminate his Supplement coverage.