[Extracted from Life Insurance Association of Singapore’s website]
CareShield Life is launched in 2020 to provide financial support to those with severe disability. National long-term care insurance scheme that automatically covers everyone between 30 and 40 years of age. Thereafter, future cohorts will join at the age of 30. For these, CareShield Life replaces “ElderShield”. It pays at least $600 a month for as long as care is needed. People above 40 in 2020 can choose to stay with ElderShield or switch to CareShield Life.
Leave a Reply