Increases in CareShield Life payouts are supported by premium adjustments to ensure the scheme remains financially sustainable. Those who wish to have payouts that continue to increase throughout their lifetime may consider purchasing Supplements. Insurers designing these Supplements may also take into account the features of CareShield Life.

 

CareShield Life payouts are designed to complement existing Government subsidies, Government assistance schemes, community support, personal savings and family support, helping the insured meet their basic long-term care costs. Additionally, they can make monthly cash withdrawals of up to $200 from their and/or their spouse’s MediSave Account(s) under MediSave Care.

 

For Singaporeans who are still unable to afford their care even after Government subsidies, CareShield Life payouts and personal savings, further assistance is available through Government-funded safety nets such as MediFund or ComCare.