Key Differences in Product Design
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. For example, some Supplements offer additional benefits, such as death benefit, lump sum benefit upon claim or payouts upon not being able to perform at least two out of the six Activities of Daily Living (ADLs), which CareShield Life does not provide.

 

Government Support
CareShield Life premiums are fully payable by MediSave. The Government will also provide premium support measures, including means-tested premium subsidies, participation incentives, and Additional Premium Support for those 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 is administered by the Government on a not-for-profit basis. Government administration enables the provision of premium support for lower- and middle-income Singaporeans and offer more flexibility for future scheme enhancements.