Supplement premiums are not directly comparable as there are inherent differences in the product design of CareShield Life, Supplements and other private long-term care products:

Currently, there are no Supplement plans with increasing payouts, although there are Supplement plans that have a higher payout quantum and no cap on payout duration, similar to CareShield Life.

Supplements generally have premium schedules designed to keep annual premiums lower e.g. some of them allow premiums to be paid up to age 80, 100 or over the insured’s lifetime while CareShield Life only requires premiums to be paid up to age 67. Some Supplements offer additional benefits, such as death benefit, lump sum benefit upon claim or payouts upon not being able to perform at least 2 out of the 6 ADLs, which CareShield Life does not provide.

As part of CareShield Life, the Government will be providing several premium support measures for those born in 1979 or earlier, including means-tested premium subsidies, participation incentives, and Additional Premium Support for Singaporeans who are unable to pay their CareShield Life premiums even after premium subsidies. No one will lose coverage due to financial difficulties.

In addition, CareShield Life will be administered by the Government on a not-for-profit basis. Government administration will enable the provision of premium support for lower- and middle-income Singaporeans and offer more flexibility for future scheme enhancements.