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CareShield Life to replace ElderShield in 2020

People over 40 years old in 2020 have the option of sticking with ElderShield or switching to the new mandatory scheme which offers wider coverage

Under CareShield, premiums start at S$206 a year for men and S$253 a year for women at the age of 30. They will make 38 payments till the age of 67.


ANOTHER piece of the jigsaw to prepare Singapore for its ageing population, a national long-term care insurance to provide financial aid to those afflicted with severe disability, will be launched in 2020.

Called CareShield Life, the government-run scheme will be...

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