SUBSCRIBERS
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
Published Sun, May 27, 2018 · 09:50 PM
Singapore
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 compulsory, automatically getting everyone who is between the ages of 30 and 40 in 2020 to start paying premiums. Future cohorts will join at the age of 30.
Copyright SPH Media. All rights reserved.
