I know…

CareShield Life will likely be launched soon in the later part of the year, so who cares about ElderShield?

Source: Giphy

Well, we still care, because there are still individuals who are insured under ElderShield!

Besides, since CareShield Life is somewhat an extension of ElderShield, so shouldn’t you know the basics first?

TL;DR: All You Need to Know About ElderShield

Since ElderShield is a basic long-term care insurance, you’ll only be able to claim for monthly payouts when you are unable to perform at least 3 of 6 Activities of Daily Living:

Washing Dressing Feeding Toileting Mobility Transferring

Once your claim has been approved, you’ll receive monthly payouts depending on your enrolment period.

 ElderShield300ElderShield400 If you joined ElderShield between Sep 2002 & Aug 2007If you joined ElderShield after Sep 2007 Payout Amount$300 per month$400 per month Payout DurationUp to 60 months
(5 years)Up to