ElderShield is an affordable severe disability insurance which provides basic financial protection to those who need long term care, especially during old age. It will provide a monthly cash payout to help pay for medical expenses for the care of a severely disabled person. The premium is determined at the age of entry and does not increase. Premiums are paid annually until age 65 and you can pay using Medisave or Cash. For new policyholders, ElderShield 400 is the only scheme available and will be paid $400 per month for a maximum of 72 months.