CareShield Life
CareShield Life is a care insurance scheme that provides long-term basic financial support for elderly Singapore Citizens and Permanent Residents who are severely disabled and need personal and medical care for a prolonged duration.
5 key things about CareShield Life
For all elderly Singaporean Citizens and Permanent Residents
You will be automatically enrolled if you are born in 1970 to 1979 and insured under ElderShield 400. Other Singapore Citizens and Permanent Residents may register to be part of the insurance programme.
Provides lifetime coverage and payouts
Singapore Citizens and Permanent Residents under CareShield Life will receive monthly payouts in cash for while they remain disabled.
Covers pre-existing conditions and illnesses
CareShield Life will provide universal coverage for everyone. It also covers those with pre-existing conditions and/or disabilities.
Premiums are paid for via MediSave
CareShield Life premiums are fully payable by MediSave. Your family members (i.e. spouse, children, parents, siblings and grandchildren) can also help to pay your premiums with their MediSave, or top up your MediSave with cash.
Premiums are waived upon a successful claim
Premiums are waived once you make a successful claim. Those joining CareShield Life at age 59 or older will pay premiums over 10 years. This helps to lower their annual premium payable so that it is more affordable and manageable.
For all elderly Singaporean Citizens and Permanent Residents
You will be automatically enrolled if you are born in 1970 to 1979 and insured under ElderShield 400. Other Singapore Citizens and Permanent Residents may register to be part of the insurance programme.
Provides lifetime coverage and payouts
Singapore Citizens and Permanent Residents under CareShield Life will receive monthly payouts in cash for while they remain disabled.
Covers pre-existing conditions and illnesses
CareShield Life will provide universal coverage for everyone. It also covers those with pre-existing conditions and/or disabilities.
Premiums are paid for via MediSave
CareShield Life premiums are fully payable by MediSave. Your family members (i.e. spouse, children, parents, siblings and grandchildren) can also help to pay your premiums with their MediSave, or top up your MediSave with cash.
Premiums are waived upon a successful claim
Premiums are waived once you make a successful claim. Those joining CareShield Life at age 59 or older will pay premiums over 10 years. This helps to lower their annual premium payable so that it is more affordable and manageable.
Can anyone get a payout from CareShield Life?
To be eligible for payouts from CareShield Life, you must meet both of the criteria below.
- Must be a CareShield Life policyholder. Check via your Singpass portal to see if you are insured under CareShield Life.
- You are unable to perform three or more of the six Activities of Daily Living, as certified by an MOH-accredited severe disability assessor. The six activities are:
Looking for more information on CareShield Life?
Click to find out more if you know someone who might benefit from CareShield Life.
Explore our blog for tips, guides, insurance and health updates.
