Why is my participation incentive $0 for my CareShield Life premiums?
Participation Incentives were only extended to Singapore Citizens (SCs) born in 1979 or earlier who joined and were covered under CareShield Life by 31 December 2024. However, both SCs and Permanent Residents (PRs) will be entitled to Government subsidies, if you are from a lower- to middle-income household. PRs enjoy half the applicable subsidies that SCs enjoy.
This information is sourced from CPF
Related questions
I am born in 1979 or earlier. Can I choose to receive the CareShield Life participation incentive as one lump sum?
I am a Singapore Citizen born in 1979 or earlier and was covered under CareShield Life by 31 December 2024. How much CareShield Life participation incentives am I eligible for?
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?
I have previously joined and opted out from CareShield Life. Will I still be eligible for Participation Incentives of up to $4,000 if I join CareShield Life by 31 December 2023?
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