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Can there be lump sum payouts / death benefits / “No-claim Bonus” to incentivise healthy living / 2 ADL criteria for CareShield Life?
CareShield Life is designed to provide basic financial protection against the costs of long-term care, with monthly cash payouts upon severe disability to cover ongoing costs. It is not designed or priced to cover payouts if insureds remain healthy.
Singaporeans who wish to obtain additional coverage including lump sum payouts and death benefits can consider purchasing Supplements from the private insurers.
Related questions
Why do CareShield Life payouts stop increasing once insureds stop paying premiums e.g. when they make a claim or turn 67?
How do the CareShield Life premiums and payouts compare against Supplements and other private long-term care insurance plans?
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From other agencies
Can lump sum payouts, death benefits or "No-claim Bonus” be provided as incentives for healthy living or meeting the two Activities of Daily Living (ADLs) criteria under CareShield Life/ElderShield?
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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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