Confused about CareShield Life? You can hardly be blamed if you’re not sure what it is, and how it fits in among the numerous national healthcare and savings schemes such as MediShield Life, MediSave, CPF LIFE and ElderShield. While its name bears similarities with other schemes, CareShield Life has its own distinct focus and importance. Its primary purpose is to provide financial support for those who develop severe disabilities, and need long-term medical and personal care. Why is CareShield Life necessary, and how does it stack up as protection against disability risks in Singapore? We explain what you need to know about the policy. CareShield Life – a 30th “birthday present” For most of us, our first introduction to CareShield Life would likely take place when we turn 30. That’s when Singapore Citizens and Permanent Residents born in 1980 or later are automatically enrolled in the scheme. Participation is optional for those born in 1979 or earlier. For those born between 1970 and 1979, were...