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What is Careshield life all about?

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)

How can you MAXIMISE your cover

Get a Careshield life supplement

Get Additional Coverage of up to $5000, in event of disability

20% Perpetual discount for life

Use Medisave to pay for premiums

Get Payout of Benefit when you cannot fulfil 2 out of 6 ADL

Premium waiver when you cannot fulfil 1 out of 6 ADL

Dependent Beneift

Caregiver Benefit