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Can there be lump sum payouts/death benefits/“No-claim Bonus” to incentivise healthy living/two Activities of Daily Living (ADLs) criteria for CareShield Life?
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CareShield Life is designed to provide basic financial protection against long-term care costs through monthly cash payouts to insureds with severe disability to cover their ongoing costs. It is not designed or priced to cover payouts if insureds remain healthy.
If you wish to obtain additional coverage including lump sum payouts and death benefits, you can consider purchasing Supplements from the private insurers.
This information provided here is sourced from the MOH website.
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