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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).
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.
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.
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.
CareShield Life is a long-term care insurance which provides financial protection against long-term care costs of Singaporeans in the event of severe disability. CareShield Life will provide you with better protection and assurance for basic long-term care needs with: 1.
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 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.
CareShield Life is known as a disability insurance scheme in Singapore which all Singaporeans and PRs are automatically entitled to, as long as you’re aged from 30 onwards.
