Recovering from an injury or illness takes time, and often, your job and salary are paused while you heal. In Singapore, all citizens and Permanent Residents are covered by the mandatory MediShield Life scheme, which provides basic medical coverage in case of illness or injury. Additionally, around 71% of Singaporeans have Integrated Shield Plans (IPs) to help cover hospital bills. However, if an injury leads to a disability, long-term medical and caregiving costs can become overwhelming, making recovery harder. To address this, the government introduced the CareShield Life scheme, offering basic financial support for those who develop severe disabilities and need long-term care. However, this may not be enough for many, especially if the person affected is the primary breadwinner. This is where Disability Income Insurance (DII) comes in. In this article, we’ll explain what DII is, its key features, how it differs from life insurance payouts, and why it’s important to consider having DII....