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The Government is introducing CareShield Life, a national long-term care insurance scheme designed to provide basic protection against long-term care costs, from 2020. Click the following links to find out more about CareShield Life features and how the Government will ensure that CareShield Life premiums are affordable for you.
What is CareShield Life? CareShield Life is a long-term care insurance scheme that provides basic financial support should an insured develop severe disability, especially during old age, and need personal and medical care for a prolonged duration (i.e. long-term care).
Find out how CPF CareShield Life provides basic protection and assurance for your long-term care needs. Scheduled Maintenance: CPF digital services will not be available on 23 Jun 2024, from 12am to 5am.
Caring for You, for Life. CareShield Life benefits are designed to provide you with lifetime protection and assurance for your basic long-term care needs, should you develop severe disability. Click here to find out more about the claim criteria and process.
You will need to have a basic CareShield Life (CSHL) or ElderShield (ESH) policy before purchasing Singlife CareShield Standard or Singlife CareShield Plus (“Supplements”). Supplements purchased by CSHL policyholders are regulated under the CareShield Life and Long-term Care Act.
CareShield Life premiums are pre-funded, with premiums paid during your working years, and risk-pooled within your generation to cover your generation’s current and future claims. Covered for life. Premiums are paid from the age you join until age 67, but you remain covered for life. Premiums are waived once you make a successful claim.
CareShield Life is a long-term care insurance scheme launched on 1 October 2020 which provides basic financial protection should an individual become severely disabled, especially during old age, and need care for a prolonged duration.
Mar 1, 2022 · I explained the differences between CareShield Life and ElderShield to my parents and they understood CareShield Life to be a superior plan that will cost more in premiums. What weighs heavy on my mind was the cost of the premiums given how old my parents are.
Oct 14, 2021 · CareShield Life is the national long-term care insurance scheme to provide basic financial protection against severe disability. It was launched on 1 October 2020 to replace the ElderShield scheme.
CareShield Life and ElderShield are long-term care insurance schemes that will provide Singapore Citizens and Permanent Residents with some financial protection should one develop severe disability (i.e. unable to perform at least three or more of the six Activities of Daily Living (ADLs)), especially in old age.
