- Compulsory for citizens and PRs born in 1980 or later
- Premiums payable by Medisave until age 67 or 10 years after you join the scheme, whichever is later
- Lifetime coverage, including pre-existing disabilities
If you’re wondering what CareShield Life is all about, especially because you are in your thirties or just hit the big three-zero, this article is for you.
CareShield Life is a long-term care insurance which provides a payout when the insured is severely disabled. You pay your premiums (check your premium rate here) via Medisave, and when you are assessed to be disabled, a monthly benefit will be paid as long as you are disabled.