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How CareShield Life payouts are calculated?


Updated by AIC

Monthly CareShield Life payouts are higher if you develop a severe disability and make a claim at an older age.*

For example, if you were born in 1980,

  • A successful claim in 2022 (at age 42) provides you with $624 per month for life.

  • A successful claim in 2026 (at age 46) provides you with $689 per month for life.

Table of payout quantums, 2020 to 2030 (PDF, 68kb)


  • Note: Payouts will increase annually until a policyholder turns 67 or whenever a successful claim is made, whichever is earlier.


Click here for more information on CareShield Life. 

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