Singapore Budget 2018: Singapore to review Eldershield to provide subsidies for lower-middle income

THE government is reviewing the insurance scheme ElderShield, Finance Minister Heng Swee Keat said on Monday.

To ensure that the enhanced scheme remains affordable, the government will provide premium subsidies for lower and middle-income Singaporeans.

ElderShield is an insurance scheme that helps those with severe disabilities cope with the financial demands of daily care.

The government will also provide more support for financial planning. It will pilot a new financial education curriculum at polytechnics and ITEs, to boost youth financial literacy.

As well, the government will boost existing services to Singaporeans looking to buy a flat or as they retire, so that they can make better-informed decisions at these major milestones, said Mr Heng.

For more Budget 2018 stories visit bt.sg/budget18