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What is CareShield Life and how does it fit into your long-term care plan?

What is it? ​​

  • It’ll be mandatory for anyone born in 1980 or later (ElderShield is an opt-out scheme)

  • Premiums start from age 30 (10 years earlier than with ElderShield)   

  • It gives higher monthly payouts (starting at S$600 a month, compared to S$300-400 a month with ElderShield)

  • It gives up to a lifetime of payouts, as long as you remain severely disabled (compared to up to 72 months now with ElderShield) 

  • Its payouts will increase over time  until a claim is made (ElderShield payouts are fixed)

  • Its premiums increase with age (ElderShield premiums stay constant)

What does it cover? 

It covers severe disability, defined as being unable to perform 3 out of 6 Activities of daily living (ADLs)


Dependent Benefit if you have dependents

How can you MAXIMISE your coverage

Get a Careshield life supplement 

Up to Additional $5000 coverage

20% Perpetual discount

Use medisave to pay for the premiums

Get payout when you cant fulfill 2 out of 6 ADL

Premium waiver when you cant do 1 out of 6 ADL

Caregiver Benefit if you are a certified caregiver