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What is ElderShield?
cpf
Source: https://www.cpf.gov.sg/memberElderShield was first launched by the Ministry of Health in September 2002 as a severe disability insurance scheme which provides basic financial protection to those who need long-term care especially in their old age. It provides a monthly cash payout for up to 72 months to help pay out-of-pocket expenses in the event of severe disability.
ElderShield was offered to eligible Singapore Citizens and Permanent Residents (PRs) who had a MediSave Account when they turned 40 years old in 2019 or earlier.
For more FAQs on ElderShield, please visit the CareShield Life website
This information provided here is sourced from the CPF website.
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