I am a Singapore Citizen born in 1979 or earlier. How much CareShield Life participation incentives am I eligible for if I join and are covered under CareShield Life by 31 December 2024?

The Total Participation Incentives you are eligible for will be spread equally over 10 years and will be used to offset the annual premium payable in that year. 

For Singapore Citizens who join and are covered under CareShield Life by 31 December 2023:

You will still be eligible for Participation Incentives of up to $4,000 even if you have previously opted out, as long as you are a Singapore Citizen who joins and are covered under CareShield Life by 31 December 2023. 

For Singapore Citizens who join and are covered under CareShield Life between 1 January 2024 and 31 December 2024:

You may also access the CareShield Life Premium Checker e-Service with your Singpass for information on your personalised premiums and premium support, which includes the participation incentives you are eligible for.

These Participation Incentives will not apply if you join and are covered under CareShield Life after 31 December 2024. Therefore, you are encouraged to apply to join CareShield Life early if you are planning to do so.

This information provided here is sourced from the MOH website.