ElderShield review panel calls for compulsory severe disability insurance

Singapore

THE committee reviewing ElderShield has recommended that the severe disability insurance scheme be made compulsory - including for those with pre-existing disabilities.

It also recommended that people should start paying premiums at age 30 rather than 40 and suggested that the government, rather than private insurance providers, should administer it. And it called for the claims process to be simplified.

The committee gave its interim update on Tuesday, with the full set of recommendations expected to follow by the middle of this year. "We want ElderShield to be a social safety net, and we all have a collective responsibility to take care of t…