By MoneyBees
Work out how much monthly income you would need if illness or injury stopped you working: the replacement amount, what your existing cover and CareShield Life pay, the gap to your chosen age, and whether your savings last through the deferment period.
Insurers set their own limit on how much income they replace. Check the policy wording.
Monthly benefit from personal or employer policies.
How long you wait before the first payout.
Monthly income to replace
$3,750
75% of $5,000
Monthly gap
$3,750
if you cannot work
Gap to your chosen age
$1,350,000
30 years, not adjusted for inflation
| Cannot work, not severe | Severe disability | |
|---|---|---|
| Income to replace | $3,750 | $3,750 |
| Your existing cover | $0 | $0 |
| CareShield Life | $0 | $689 |
| Monthly gap | $3,750 | $3,061 |
CareShield Life pays $689 a month for a claim made in 2026, only when you cannot do 3 of the 6 activities of daily living. A disability that stops you working but leaves you able to wash, dress and feed yourself gets nothing from it.
A 90-day deferment means about 3.0 months with no payout. At $3,000 a month that is $9,000, and your savings cover 3.3 months.
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You are 35 and earn S$5,000 a month. Replacing 75% means S$3,750 a month. With no cover, that is a gap of S$3,750 a month, or S$1,350,000 over the 30 years to 65. If the disability were severe, CareShield Life would pay S$689 and the gap would be S$3,061.
With a 90-day deferment and S$3,000 of monthly expenses, you need S$9,000 to bridge the wait. S$10,000 of savings covers it.
It pays you a monthly income if illness or injury stops you from working. Payouts start after a waiting period, called the deferment period, and run until you recover or reach the age set in the policy.
Start with the share of your gross monthly income you want replaced, take away any disability income cover you already have, and the rest is your gap. On S$5,000 a month at 75%, that is S$3,750 a month.
Only for severe disability. CareShield Life pays S$689 a month for a claim made in 2026 when you cannot do 3 of the 6 activities of daily living. It pays nothing if you cannot work but can still wash, dress and feed yourself.
The time between becoming disabled and the first payout, often 30 to 180 days. A longer deferment lowers the premium, so you need savings or sick leave to cover those months.
Insurers limit the benefit to a share of your income so that you are not paid more for being off work than for working. The limit differs between insurers, so check the policy wording.
Usually until the age you plan to stop working. Payouts stop at the age set in the policy, so a benefit to 65 pays nothing from 65 even if you are still disabled.
The payout for a new claim rises each year until you reach 67 or make a claim. Once you claim, your payout stays at the amount for that year.
No. This calculator works out the size of your gap. It does not compare or recommend insurers or policies.
These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).